The New York herald., 1868-11-26

The price remained firm at the quotation 1861 a
1861, up to the end Of business at five O'Clock. The
ioanng rate went to 1872 for borrowing Clearing
House and settled to per cent for carrying after
half-past twelve O'Clock The gross clearings were
$4as15,oOo and the gold balances $2,O4s,s22. The
government gold brought 134.e5 for the entire
Money was easy at i've and six per cent, with more
frequent exceptional transactions at four. The
banks in o few instances were secretly lending at
six. The greater inquiry for money noticed last
night was due to q misconception Of the order re-
quring the internal revenue deposits, heretofore
made In the national banks, to be paid into the Sub
Treasury in future. Commercial paper was more
active to-day. but the discountng rate remains
steady.
There is very interesting contest going on be-
tween the bulls" and "bearsn IN governments.
The market was "on7' at the opening this morning,
and gave signs Of yielding to the ''shorts" who are
largely selling at discount OF one to two per cent
and sending to Europe for bonds, where they can
purchase them at the lower rate. The "bulls" be-
came alarmed at the success OF their opponents as
shown in the weakness Of the market at both boards,
sent their emssar1es into the gold market, and
started the "bull' movement there, which resulted
In rise OF one per cent. This piece OF strategy Gre
ated considerable sensation in the "bear, ranks as
the gold which they must pay for the bonds will be
IS much dearer as their selling figures are under
market rates. This diversion restored tone
to the 'bulln movement, and prices were
strong again at the close The end OF the gnt is not
yet. however. Two promlnen: banking houses 90
cupying positions very near the corner Of Wall and
Broad streets are the champions on either side Of
the struggle and their natural rivalry will be active
sy stimulated by meeting as adversares in this dis
puted field. There was no session Of the govern
ment board after the noon call. The following
were the quotations at half-past four O'clock
United States skies, 1881, registered l16 o 115x;
do. coupon 1881, 1l5,t ll6K; 6-2o's. registered,
1o7X a1o7k; do. coupon, 1862, 113 1131S; do do,
1854, Io7X 1os; do. do, 1885, 1885, . 1oek; q.
do, new, 1855, 110X . 1l0X; do. do, 1857, 1l0x .
Ill; DO do. 1soa Ill Ill 1olo's registered lo4x
Q lo4k; do, coupon, 1o6x Q 1o6x.
In the transactions on the street stocks had loa
the dropping tendency OF last night and sales were
made Of New YORK Central at l2ax and Reading q
sSx.
The quotations Of the regular board closed - 1Dl
lows on the call:-Cumberland 80 q ao,s; Wells
Fargo Co.'s Express, 2oK q 2s; American Express,
~ ~; Adams Express 4sK q a4ox; United Seates,
ASK . AK; Merchants Union, 20t< 20K; Quick
silver, 2sk 2a1; Canton, So 5oI: Mariposa, So
. OK; Martposa preferred, 21k 21A; Pasins
Mail, 11ex 110H; western Union Telegraph, 3ok
bid; New York Central, 12sH 12sk; Erie, s7x
3S; do. preferred, 81 81; Hudson River 127 1870;
Reading, es9I q 9sx; Chicago and Alton las l47;
do. preferred, las LAT; Wabash, SIX 90; 90. pre-
ferred 10 bid; Milwaukee and st. Paul. 67,. 67x
do. preferred, sax IS; Fort WAYNE, 11ox III; I;
Ohio and Mississippi, 3os 311f; Michigan Central,
1ls 12o,s; Michigan Southern, ssj.a Ss5s; Illinois
Central 141s bid; Pittsburg, SIX s7l4; Toledo osK
a 90; Rock Island, 1905 1o6%; Northwestern, s4a
san; do. preferred, s6& s7x; Boston Water Power,
Is 15A; Boston. Hartford and Erie, %.
The following were the quotations OF the final
open board:--Cumberland, 80 q 40sl; Wells, Fargo
Co.'s sExpress, 2e,s 2s American, 49, 45 i; Adams,
40 4oh; United states, a. a 4s1s Merchants Union,
lsX 1917; Quicksilver, % q 24,s; Canton, 5oss a
81; Marposa preferred 2l,l %; Pacific Mail, 1l7,4
q 117h; Western Union Telegraph, SO a 3s,s New
York Central 1245s 125; Erie 3s% a 3s,S; do. pre-.
ferred 57s a 60; Hudson River 12It4 1875; Reading,
osyl go Chicago and Alton. 144 bid; DO preferred,
las bid; bankers ana Brokers' 1o4is 107; Alton and
Terra Haute 80 40; do. preferred, 81 G4; Wabash,
IS 5s,.; do. preferred 90 bid; Milwaukee and st.
Paul, es ss<; do preferred s5i4 s5,s Fort Wayne,
IiIx 111x, Ohio aud Mississippi, 81 31iS; Michi-
gan Central. III bid; Michigan Southern, s9A 80;
Illinois Central, 40 bid; Pittsburg, SIS s7si;
Toledo, eoX ggs; Rock Island 1917 1os,i; North
western, s5X q s5X; do. preferred, SIX Tx;
Boston Water Power 15ii.
After the boards business was continued N the
long room until four. O'Clock, prices undergoing
sudden Improvement, as shown In the following
sa'cs;-Canton, 81; Mariposa preferred, 22's; New
YORK Central, I25K Milwaukee and 81. Paul. osA;
FORT wayne, liz; Rock Island, iosh.
ABOUT halfpast four O'Clock the report that the
government had reissued ten millions certificates
mace the market quite active, and Central was
quoted up TO 12e and Fort Wayne to 1124 the rest
OF tne list sympathizinG. slight reaction euc-