The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1870-02-05
Commercial and Financial.
New York Money and Stock Market,
NEv YORK. February 4

MoNEY-Easy at 696 per cent, with exceptions
| Rt per cent 70 government dealers, Prime buBl.
ness notes wanted At 1GtS per cent.
The directors OF the United States Express
| Company held meeting to-day. The company
has not yet signed the agreement for redlStribl.
tiOn OfFOuteS The hrst election for nine direc.
| tors OF Wells, Fargo i Co. under the new regime
| takes place tomorrow. The board will probably
consist Of avC, gentlemen from New York and four
| from California. The question OF removing the
chief Oticc 10 San Francisco has been agitatcd,
but for the present II will remain In this city.
The funding bill reported 10 the Senate yCster.
day IA regarded In Wall street As the best cOnSid.
/ cred and most practical measure for the recon.
Struction Of the finances yet presented to Con.
gresH. Parties who have tho hest SOURCES Of In.
| formation at Washington state that tho hill has
boon thoroughly cAnVa8Red In both Houses and Ia
accepted 20 unanimously a. the great party mea.
gurG Of the session that there IL no doubt Al to s
adoption In substantially lts present form. There
Ii the highest standing and wealth IN Europe pre-.
pared 10 guarantee a mAket for $IO0 00O, 600 Of
per cent bondS. OF conrHC tho banks do not rel.
iSh q eompulSaFy substitution Of bonds held
against their Issues Of notes by Others paying 10
2pcF cent less interest. The clause Of the bill
providing for fteG banking Ii diAlikCd on the street
on the ground OF itA providing for tho contraction
Ofcgai tenders equal to the new issues OF nation.
al currency.
4 private dispatch states that Secretary Bout.
well was on tho floor Of the House this afternoon
explaining certain features Of the funding bill.
lie stated that II the bill should become law old
bOndA would be exchAngeablc for new al the
Treasury, allowing full market value for them,
and that banks would not be allowed 10 sell their
bonds In open market. The amount Of gold In
tho Treasury to-day 10 $I03, ,00OOOO. Including
$50 900 900 held against certificates currency hal.
| ancCS, Si,lO0O 900.
STERi.IXG-FIm at lOsTGlOg
GOLD-Wcak under the funding bill and the
advance In bonds In Europe; opened ut l40&;
CiOAcd steady at l3oH: carrying rates @t7H per
cent CleaFancea, 81, 900.
GOVERNMENT BONDS-StCady.
United States g. Of 1881, coupons, ,llSIiall8L
Eivetwenttea SlSI2l l................llb llb Gbll6l
Plvctwcn1les (I6BI) Il+I(6lI5
FiVetWentles (I66S) .............. iIiNGblI5
PlvctwCntles (i965) new. lStS6Sll3lt
PlVe.twentieA u6G1 1....,,.,..........ll4 6tII4h
EtVe:twentieS (lstS) S)..................lN Bllih
Tenfortles .lI9lGGLII96
SToCKS-Csntfai PacIdc Ii in active request by
tho banks and other financial institutions At
the cl0aa Csc waa bid for round lots. The Rail.
way market ID hrmer and prices have advanced Y
TO ic from tho lowest point Of the day. The most
active stocks are New York Central stOCka and
ScripS. Rock Island sold up 70 III, the highest
point yet reached, present bull movement. MiH'
cellAncOnS shares quite active and higher In Mari
pOsa and PGciac, Mall. Expires; stocks are
steady. Western Union Telegraph. SBH;
Adams Express, o.; Wells, Fargo 4 Co., 9OH;
American 3Tk; United States, @; Pacific Mall
4N!i; New York Central, I'll; Ede, 2I}; liar.
Michigan Centnl, ,I1sE; Lake SboFe, S6K: illinois
CentTGl, iST; Pittsburgh, 3; Northwestern,
73K; do. preferred TX; Rock Island, IlGH; ST.
Paul, az; do. preferred s7S; Wabash, 4OE; do,
preferred " sS SMtSyGGeSr TsTro hGIts SlS
Cleveland, Columbus q Indiana Central 9OE;
New Jersey CentrAl 95E; Cleveland. Columbus
& CiurinnRti, 7Sf