The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-09-29


about the closing prices OF Saturday until the half
past two O'Clock call, when fractional decline
took place; and afterwards on the street bearish
feeling prevailed when under some pressure to sell
from The bears based upon the fall In gold, there
further yielding IN prices, especially for the FIVE
twenes Of 1862 which sold ut 1874, while the bonds
OF 1867 offered at 1Os%. With the recovery in
gold however, late In the afternoon, the pressure to
sell subsidized and the. bears showed disposition to
cover their "shorts" but there were few stocks
offering at the quotations The already large
''shoftn interest has been increased and the
supply of bonds on the street is being
gradually reduced by the investment demand.
At the close at half-past five O'Clock
the following quotations were acknowledgement,
1851 Il3 o l131s; coupon, 1881, ia 114A; $685.
registered 1862 1854 100; 5-2o's, coupon, 1862
49, 1l3A; do, 1864 1os% 1o9I do, 1855, 1908
O HOY; do, new, 1865, 1OsH 10s%; do, 1867,
1Os1. a 10s%; do, 1868, 1854 1O9 10-4O's. regis
tered, 1O4 a 104td; do, coupon, 104% Io4k.
At the commencement Of business the stock mar
ket rather heavy, and at the early session OF the
open board there was considerable activity In the
dealings In railway shares, New York Central selling
ut 1904, Erie 50 and Reading e4k. At the first
regular board there was diminished activity,
but prices showed only fractional changes.
Erie closed "a lower on the call than at the same
time on saturday, Reading u, Rock Island q,
Northwestern preferred q, Pacific Mail a. North
Carolina skies, ex-coupon, " and new issue e,
while New York Central was 4 higher and Cleve-
land and Pittsburg \. Government securities were
steady but inactive At the open board at one
O'Clock the market was somewhat heavy, especially
for Erie, which sold at IS u, while New York Central
was dealt in at l29&, Reading at 94x and Rock
Island at 1913. At the second regular board the
speculative feeling was tame, and on the call New
York Central closed 4 lower than at the first regu-
lar board, Erie IL; Rock Island u, North Caro-
lima skies, OK coupon, x and new issue Il. Gov
eminent securities we're fraction lower. At the
open board at halfpast three prices were slightly
lower, aud the speculative feeling continued quiet.
Erie sold at ~ 4s., on the call; New
York Central 12sI 100; Reading o35s;
Rock Island, 1915; Northwestern preferred,
$751;; Pacific Mail, lOsx, and Mariposa preferred,
J2x During the remainder Of the afternoon the
market was steady and duh, but at the close II
showed an improving tendency, and the quotations
at six O'Clock were subiolned;-Pacihc Mail, 1oeS
O iOoN; Ohio and Mississippi, 2sk 2s%; western
Union Telegraph "a a s4a; New York Central, 1885
I2e; Erie, ASK 4s,s; do. preferred, 70K: Hudson
River, 1870 40; Reading, o3% %; Michigan South
en, sax a 81; Cleveland ana Pittsburg, soy eos;
Cleveland and Toledo, 101 102; Rock Island lo1
o 102; Northwestern, IS ssx; do. preferred ssX q
ssh: Fort Wayne, 10o& ITO.
! The foreign exchange market has been duh and
unsettled in tone and although the leading drawers
asked 1Os5s for their sterling at sixty days the sell
ing rate on the street was 1854, while the demand
for bills was very limited, owing to the high rates
paid for borrowing gold. At the close bankers bills
on England al sixty days were quoted at 1Gs%
1851. at three days 1Os5S 1925; commercial bills
1os 1855. Bankers bills on Paris at sixty days,
h.NA 5lsA.