New-York tribune., 1870-02-02


The money market continues so easy and the
accumuaons banks large that LENDERS instead
of borrowers beginning TO be anxious as to what
thew snail do with their funds But for the investments
in Governments capital IN would almost 70
begging for takers. The Boston banks arc dscountinH
choice paper at ca per cent Rates here' 7dS
per cent TO for good commercial paper At the West
and South well at the East the money market IS
easy At Chicago regular customers enabled TO nego
tate loans very readily. At LynchburGh. Va good pa
per can be readily negotiated at far prices; and at ST.
Louis the offerings bank light and consist largely
OF accommodation paper, which is Disseminated against
what banks hestatng to induce specnaIlon or 10
place their funds where they cannot readily regain tpe
Legitimate business paper however is readily taken at
salO per cent the inside figure forming the rule rather
than the exception.
There s considerable anxiety felt TO the action OF
Congress on the several bills which have been intro
duced in that body While there very general and de-
cided expression against any imitation Of the currency
there s at the feeling in favor OF extending
the National Bank system TO sections Of country where
there is surplus capital to be invested IN banks
Gold opened this morning at l2I at 1896 II sold for
1914 s 1928 i2It 1907 for l2lA at 9i for 2li at
2l0 Tor 2l2 aud closed at o'clock at l2t From these
sales will be that the gold market has been steady
to-day but very dull Tho transactions at the Gold EX-
change Bank Total cearings, $24sA,cOO; gold
balances 81 OI9s3 20 balances, sl,7o59s o.
Holders Of gold paid for carrying balances s. So and
per cent.
Governments were strong and active to-day, and the
operations we're large, and prices about the same as
Yesterday the second Board, 1891 registered, lis
il7E; same coupon ISL ldIlss; 1862 coupon l5s 1864.
Il5 1865 coupon, ll4 l0i0 coupon 14 an advance
Of II from Yesterday 1867 coupon, 1l4s 1868 coupon,
ll4i; u s. currency. ill The market closed strong
Transactions in state bonds larger to-day than
usual and prices were well sustained and the
a. A
Virginia. 60 Virginia Is, new, 66; North Car
olna Az North Carolina. new, 2s; South Carolina, s'i
South Carolina new, SO Louisiana Levee, 66 Missouri,
gO5 New-York State Bounty Loan. 1884.
In Railroad bonds the market was firm Central Pa
cife 95 Coumbus Chicago and Indiana, T3a Erie, I'd
mortgage 90; Michigan Southern f. bonds, 97t Toledo
and wabash, I'd mortgage, 20 Great Western, I'd mort
gage 7fB Morris and Essex, ls mortgage, 100 Chicago
burlington and Quincy S. no. Western Union Telegraph
sold AZ ld36}; Quicksilver Mining Company 4l Mari
pOsa Mining Company I0 Mariposa Preferred OBd2Ol
Manposa Trustee Certificates. .os Pacific Mail, 4Oi 94O
American Merchants Union 37l United States, 52i 653l
Wells Fargo, l9s; Cumberland Coal "a. In City Bank
stock operations were limited. Bank and state Of New
York, lci; Commerce, l2Ol Manufacturers and Mer
chants Bank lOO Fourth National l0 dlO2.; Merchants
Bank l23 Tenth National, 100 Ninth National priyi.
lege, 10st
The Stock market was not very strong the general
list New-York Central and Hudson advanced to 90 and
aGl Erie 2; Reading %; and s5i Cleveland and Pitts
burgh. 9ISi Lake Shore and Michigan Southern, siS
Chicago and North Western, 72s Chicago and North
Western preferred so Pittsburgh, Fort Wayne and Chi
cago guaranteed ssI Hannibal and st. Joseph lo6 and
O7 ONO and Mississippi, asa Morris and Essex, SCI;
Du Buque and Sioux City, 100; NewJersey Central at
the first call sold up TO 92i and c. C. G. aud Indanapo
s "a Rock Island sold az 14. ia l2S ll2. l2i
l4s and $50 ia; the transactions were large.
The highest sales of Jan 80 u at the stock Exchange
compare as follows with the highest sales to-day Of the
follnWing lst