New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1870-03-16
TrrsnAY. March l5-P. ".

TUESDAY March l5-P. ".
The Funding bill seems to be the principal
topic OF conversation in all our financial ciceS anu l'
reference 10 the Committee Of Ways and Means III INC
House today it is thought, indicates the most caiou
and tborough discussion of its several provisions. before
il is reported the House for its acceptance or ueiea
The bill of Mr. does not seem to ma any Ieo'
AS financial men regard ~ fixed fact that by inc
massage Of A resolution bill, water cannot be maze
10 run up h-and they do not believe that by any legs
laton that fixes day for the resumption OF specie pay
ents that unless the condition Of the country Justcs
and is ready for IT, that payment mi CON- eer Dy INC
Government or by the banks can be resumed ana mann
ipod fact that without the aid Of any legislation
cold has fallen from 1872 to llE within the year After
the terrible struggle through which We have passed as
nation in which not less than S5oOOO1o nave peeh eA-
pended or used up getting along weli' regahihS
our strength rccuperathg our energies deVeophg OUT
immense resources opening new territories, and by well
paid and well directed labor. are making our land more
productive and more remuneratye than ever before.
let us work and wait and not endeavOr by force to DO
that which can only be done by the laws Of natural
growth II history Is philosophy teaching by eN'
ampc then let us benefited by tho examples OF the
mast in history and learn that after the wasting by war
the wealth Of country by thousands OF millions thar
time and time only restore our wealth and place US
opco again in the sure ard certain road Of prosperity.
We are doing well reducing debt and improving our
credit Let ns alone
The Gold Exchange has not as yet lost its gallery
spectators although to-day the difference In the price OF
gold not great enough TO make the bets very in
teresng exciting either 10 spectators or to operators
The bears" in order TO Tighten the bulls at about
% o'clock this a. M introduced live bruin" into tho
Cold Room, but he too much disguised TO take any
interest the business Of his friends, and retired not
Lkiug his company
Gold sold at 10 a. m, in the Gold Exchange, at ms;
$780, ma; 1880, l2 ll:O3 l2i 126, ll2; 1880. INA;
H. Iql1 ID
lIs Il2s; 2O5 ll2l 2:27 l2 $780, III; 25, il2; and
closed at O'Clock ll2i. The highest price was 1922
the lowest llli. At $500 gold was lllzdll2
The transactions in the Gold Exchange Bank today
were as follows total clearanccs, S92,l7sOOO; gold
balances C39777 currency 81 S9O32s Holders Of gold
paid for carrying balances from TO per cent The
steamer silesa took out 81, 600 in specie.
Money continues easy, and call loans negotiated
Governments at per cent and mixed collaerals at
per cent with occasional loans at per cent. CONNER
cia paper quoted at former rates. with the exception
OF advance Of aboutl per cent paper four
mOnths-not tone" as in THE TRIBUNE Of this morning.
In Bank shares transactions continue very limited and
but few sales will be noticed Railroad bonds continue
to attract attention Of capitalists and reported that
large amounts these bonds bought foreign &C
count. The bonds OF the leading roads in the country,
and those progress OF construction good
security. We believe. IN proportion TO the amount OF
issued the percentage OF loss in Railroad bonds
has been comparatively tring in this country. Every
Of land brought into cultivation increase OF the
security for Railroad bonds. We remember when parties
subscribed for the stock Of the C. c. and G. Road paid
onehalf Of the subscribed and offered TO give IL
to any parties VINO would relieve them OF all liability
Such their want of confidence the OF
railroad, which, Gnder its judicious cement, has
paid stockholders, in 20 years some two-and-a hall
times their original stock At the close OF business Union
Pacific first mortgages quoted at s5IdS6. Land
Grants at G2 Incomes at s2Qs2i aud the Stock al
4id42.
Governments have been steady to-day. The 6s OF ssl
and the 52Os OF 1904 are yesterdays prices.
viii be seen by the following comparison Of the highest
sales the Government Stock Department at IL and a