The New York herald., 1868-12-25

1t opened weak at 134sS declined to 13415 and was
sluggish between these figures during the whole Of
the forenoon. The recovery in bonds in London and
the promise Of the gold interest the ve-twenties
before January kept the market inactive. At the
hour mentioned above transactions became more
animated under the combined influences OF o more
easy money market the story Of the 2oooo,ooo reis
sue and expected heavy gold shipments this week.
The steamer Main took out about $780, 900 in specie
to-day. The price rose to 134A and to 1876 at three
O'Clock. after which operations were continued on
the street, sales being made at 1865, with 1851
asked. The borrowing rate followed the course Of
the money market, as high as II per cent and
1-32 being paid Tor carrying during the pinch In the
forenoon. These rates settled to and 8 per cent
later in the day. The gross clearings were
$64, 4,O970 900. the gold balances s1,99497S and the
currency balances $2,714,014
Foreign exchange was less firm in view OF the ex-
pected shipments OF specie, and there was conces-
sion Of quarter to three eighths from the figures Of
tuesday last. Prime bankers at sixty days Was
quoted at iosA to losx, but trsrsaciions below
these figures are reported. The market has been
weakened also by the making Of more cotton bills in
connection with the fresh lots OF the staple which,
az shown by the remittances southwark, have re-
Gently come to the Gulf and Atlantic ports
The government market was barely steady at the
from capitalists and corporations, well as in SYM
pathy with the general buoyancy Of everything in
Wall street during the afternoon, prices closed an
average Of nearly threeeighths better than at the
close Of the previous day. The quotations at four
O'Clock were as follows limited States sXes 1881,
registered, 1851 109; do do. coupon 1143s HAS
do. 620's, registered, los 1861; do, coupon 1882
110H 110k: do. do, 1854, 1861 1065.; do. do,
1856, 107@ 1915; do do, new, 1866, 1101s 110a
do. do, 1867 1101f 110H; do do 1868, 110sS 11O;
do, 1o4o's registered, 1o2 1926 do. do, coupon,
ao6h 1o5l1 Currency bonds, 90 e9A.
The stock market was Influenced by the ease In
money to such an extent that in the course Of the
day New York Central rose to 153 Pacific Mail to 121
and Rock Island to li5. report was in circulation
chat the Erie clique had agreed to withdraw their
suits against the Central clique condition that
the latter would declare the scrip dividend decided
upon last Saturday night, the object OF the Erie
party being the appreciation of some 10000 shares
OF New York Central stock which they then had in
their possession. Another report says that the
terms Of settlement were being extended to-day SO
as to include all The various Erie SUITS the object
being an offensive and defensive alliance between
the two great ciques for the purpose OF having the
Legislature sanction the conversion Of the Central
scriD Into stock The public viii be the gamer by
such information as thee above, and win he nes
careful not to fail into any Of the Stock gambling
traps which the two great combinations are prcpar-
ang In order TO get rid OF the heavy load OF stock
which has come into their possession and upon
Which they place such fabulous values The facts
with reference to Erie are SO well known that the
stock is called at board after board without SALE
The total transactions in New York C. itrai at the
three boards to-day did not exceed fi.een sales,
showing the public distrust OF this STOCK n>'d as It
IN paWb nv a Il, W n in
90 ruin any one VINO ignorantly speculates In 1t. As
an investment 1t Is questionable il 1t will prove 8
desirable one The scrip added to the original stock
and the bonds sweis the total liabilities OF the road
TO O figure over s6o,000,ooo. The net earnings
last year were about three and half
millions. The ability to pay dividend
OF any amount In future Is very doubtful,
especially as the prospect OF obtaining permission
60 advance the rate Of fare is hopeessy lost Erie
and New York Central are both In the same stua-
<ion just now, and the reconciliation OF their part-
sans win not help the public. refusal to enter
into any speculation IN either while they con-
troled by the great stock gamblers who have de-
moralized Wall street would teach the cliques that
che public are growing wiser and therefore less
liable to be made the victims Of their schemes The
great bulk Of Erie and New York Central stock Is
now held by these cliques, and no harm can result
from leaving them to keep 1t for few days few
weeks
The general stock market opened weak. A steady
Improvement took place as the day progressed and
swimming market was the result In the Long Room
after the boards This feeling continued out into the
street. where business was fairly active until after
four O'Clock.
The following were the quotations at the last open
board:--Cumberiand, 38a 37k; Wells, Fargo a Co.'s
Express, % bid; United States Express ~ 81;
Merchants Union Express, 15ss 161s; Quicksilver
2ixa az; Canton. 4s,s n so; Mariposa, 61s; do.
preferred, 1875; Pacific Mail, iieH a i2l; Western
Union Telegraph 33h $685. New York Central,
75lS a isla; Erie, 3sx 3sS; do. preferred, a.;
Hudson River, 133 bid; Harlem, 12s l29; Read Ing
Wys vs.; Chicago aud Alton. iii bid; bankers and
Brokers', loo bid; WABASH, 5sA 80; Milwaukee and
ST. Paul, CT q 6ss; do. preferred, si a So; Fort
wayne IiitE ms; OHIO and Mississippi, 3o,s 81;
zchienn Central, il3 bid; Michigan Southern. s71s
a ssss- Illinois Ccntra,, l4l 143; rttsburg. S3s
49,; Toledo o9sk cas-; Rock Island, 1885 ii34;
Northwestern 7s's q sOk; do preferred, slsi asa
Amer the boards. Pacific Mail, Toledo, Rock Island,
Ohlo aud Mississippi AMI the st. Paul and North
western stocks were very active. Toledo 10 said TO
b. in-the hands OF one OF tue great ciqles for q
scrip dividend, a "a New York Central. Az half
aast four O'Clock the market was strong, with the
sollowinr auotatlons:-New York Central, 153 bid.
Rock island, IFS a n5S; Toledo, oo1s ao9I; Fort
wayne. lilsi a 1i2; Michigan Southern, s7%s So;
Reading e7ss s5ts; Northwestern, 7o4 so; North
western preferred, S2l q S2'E: St. Paul, o71E os;
Hudson River, ia asked; Pacific Mail, 1905 1904;
Eric, ssL a3s4.
The receipts for customs and the receipts, pay
ncnts and balances AZ the subTreasury in this city
tor the expired portion o. the week have been as
follows -