The sun. [volume] (New York [N.Y.]) 1833-1916, 1870-02-08
FINANCIAL AND COMMERCIAL.

MONDAY, req. II. M.--Ihe god market Was
hrm during IN earlier Tat Of the DAY al I2JNGt9ix
though mprsed ny special feature. In the afternoon
II became active ara excited, the price declining to
10Y. washnst des patches that the United States
sui Court had decided the leg al tender act war
measure, end that Concress had power to issue al
diona greenbacSs also. that all contracts pr Or
to ls1 ayable In The effect OF this decision
securities hus yet been scarcely clt, but It's
bearings ere most important upon all contracts made
before the passage Of the legal ten Ter act what It, e.
fccts will be upon the huBdteds u millions Of State
city. and corporate bond executed prior 20 issl aud
whose has up tie present tune been payable
IN Rreenbacks hardly to he estimated. or the endcs.
litigation may occasion The closing price OF gold at
=. Al. was i.u1. hut after the adjournment Of the
Room reacted TO l2ok, nnaTy resting ct 1908 In the
Tod loan market the rates pad for having balance.
carried were 81 es,t aud cent. Tue total clear.
ings nj the Gold Exchange Raak we're tD,He go gold
balances iio9S.0is. and cuiSeney balances 1i,sSSo5
The principal quotations were;
FED, II lS'is = N....l;b tP M..iiSSN
Foreign exchange has been steady under a limited
supply OF bis. though the shipments Of cotton last
week were 5I00 balcr sSnnst allS2 bales the sane
tine In 1902 At the close prime SIXTY DAYS bills were
quoted at ioskS 100, sight bns OF the same Grade At
i~S@l0N, ana conn cicia sterling at inS.aiiey
The imports Of specie st tlis mort for the week were
tcsoS}. total since January Of 20osss same time
ise, teOo.0i IN 1866. tlS2Cle; in 1901 tiSsI
The week orened q money marset PLAYING the
esse noted at the close Saturday. There s reported
ty the banks liberal innux currency TO this centre
though on leas extended scale. Prom Indications IL
Is apparent that the plethora Of money hiss found EN-.
ploymen 40 rates are much sitadier ard are
pledged below q cent, whicl r. however, e1ccp.
tional rate. and tbould IN no way 10 REGARDED As
CT tefion Of the market The ruling rates on cal
hebe cent. On Government secIIitise, and y cont
OF pledge q piine railway collateral In discounts
ners Is good demand for choice acceptance which
ffafr ffsG
Treasury this week embrace a sale Of million gold
and t1e purchase ct equal amount OF bonds. on the
sth and iOth int. respectively.
Cove rment bonds have dun thronehou, the day
Al the nrst call prices strong under the nrnness
Of gold out heavy and lower la the afcrpoon on ha
decline In the premium ilo4. Tbs long bonds OF the
Go, erumcut have most 80 dean an. 5 IN. surrs-
nu1n thal Tue un ils bili WI ~ ojaUiy become
hsnry csN' 4 g. 8, wal street report a,sr,M!,
g. issl reg. ~ ilsI. 's!cs o. ,uup.iIi NIX
- " ceap.. .il.l lis4 80, -. compile IL.
81. y y,eap I'd ii;S IS $pstsd. l!.aiiis Is
STATE bonds havs .ecn active on well dlstroutrr
sa. ,, ,h e yr,Ia, ec'os s,e9s aad baoga %
e. .hS S, '"I u'E ~ 'nc .s Sent 90 Sea
r. a eu =, az 'S<,' So 70 y 9 "a 1o,ds ;ns p
a Tie second Board declined "a cent o Is i. ine
Oh rslns ? cent' % ~ Tho LOui,ianA bond,
ee@, 81 %a "a Ts Ss,S z Ts! 81 S Sas
aP.~ ooqniy eonts s,liue a is -, 81 6spA tlsr.,
SOFA n lDHnWb! Bank OF STAT 81 New York q los
smmonNtaith ~ lAumN io1. lmpOrters' and Traders
l2, Central Natond' lC', Fourth Natona i0-s aud
lchth NAl"hAi 81 tb4t,lJi. RAilVat bonds wvIe
sTong. tuect salee Of teurll Pacircs wurs made at
~ tho price at traukoTt benz quoted ~ 90 Unions
fC.L- ~ Colunbus ca ago ani Indiana Central sold
AZ b'tes',, aAu seconds al ~ sst6(k.
lne railway ,hare nhIaet has been act We and until
hc nrWc u The afternoon strong, when under the re-.
IoHru uc'sch OF the supreme Cont, alluded TO eia..
ebtie, 'Ttes bccarr weak and declined 4 10 y cent
on ht hille lltt the most marked depression bel AZ
hnlci Ia The vanderbilt iu - and IaAe Shore.
Emrh Sere the ciieI features. The dehline
however N@ but temporary pTioas reac,ed
sLa tlostd NcNdy. New York Central ranged, on sN.
IRENE tuo!silOns nom ~ 30 scr .. y, 10 siH
hLien. ~ 20 IAN Lake hhore, Sx TO 50. North
NtsteE comGion, % 20 ~ ana the preferred sc,1 20
~ hocN Island showed sumeNhat lee activity, the
Ltill. tollS. ~ INV
Z, Governing Commute OF the s,ocS Ex chanso yaye
authority TO-DAY, stAmeetlng At Il y III nav tLc ocS
ssah H,ihsn :" w cAt ~ condition that the Regis
" neIeaIlrf conpy WITH the rules OF the SioeE III.
cnahge Ihi' WI probably be- done to morrow, TneTe
NLs ~ arLtc bu.in.tf ~ lsaiilg ats; slg ana New
yeItfY Ncn,fl AZ 49, sVOs ono ALd Mssissppl rls-
~ IoU HH 70 ~, wih ate pAes At ~ Illinois Ceu.
~ - q a. ~ ia Alton and teTrc Haute AT "a.
SuleAgo ana Aton at li6kGAi; Boston, Hartford AM
Ltwhl 40 - lthulOa' an - JOs, nj az ltsA alWIl,
And dubuque aud sioux CIV At ir. The niisceIlane
Jus tt ialed with tho rAiw. y. IN aetVtI OF thc
nMt"lj fAriho NAL ranged from n 70 lO. Western
Won lelesi anL dec ing q SIS snI MAJ pa pre-.
i5Itnd 10 ~! quicksilver being te.N az ~ Exufess
thAfeh were llm nrd steady
tff a. g. %