The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-07-14

The stock market has been dull throughout the
day. but on the whole firm in tone although prices
In some Instances declined slightly. The Erie trans
Ter books were opened for inspection this morning
and q crowd Of an xous certificate holders was In
attendance The result OF the comparison OF the
tncates presented with the books was that four Of
the former were found to have been altered to one
hundred shares one Of which was II ON one share to
Dne hundred The transfer books will be opened
permanently for the transfer of stock on wednesday
morning next II transpires that the Hoyt forgeries
were at first largely overestimated, ana that the
probable aggregate OF his frauds does not
exceed hundred and fifty thousand dol
lars. The success of the operations Of
this scoundrel should, however, serve as warn.
ing to the brokers to adopt the Clearing House sys
tenn OF making stock deliveries, and to railway and
other corporations to have their certificates water
marked and printed on tinted paper, which acid
would discol0r. The full effect OF the frauds has
evidently been felt ON the Stock Exchange and the
tendency OF prices is upward again. The suit Of
etockholder OF the Union Pacific Railway Company
against that corporation aud the Credit Mobiier at
tracts much attention the time draws for the
argument OF the case the 2lst inst when the de-
PENDANTS viii have to show against the injunc.
ton upon both companies granted by Judge
Barnard. The plaintiff In the case, in
reply to letter written by Mr.. Durant, the Vice Pre-
sident Of the company, has propounded series Of
important questions bearing upon the acts Of the
directors, but these remain unanswered, and 1t Is
considered remarkable that Mr.. Duran after opening
the correspondence, should have so suddenly with
drawn from 1t. The questions involved in the suit
orc OF great public interest," and fresh light looked
for upon the subject. The crop prospects In all
sections OF the country continue very encouraging,
while the earnings Of the railways considerably
larger than they were last year.
At the commencement OF business the stock market
was steady but dull and at the first regular board
She volume Of transactions was light. Erie closed
lower than at the same time on Saturday Reading
", Michigan Southern u, Cleveland and Pttsburg
d, Rock Island y, Fort Wayne ~ and Tennessee
eixes new, ". Government securities were mac
tive but steady At the open board at one O'Clock
0erq were only fractional changes. At the second
regular board the market continued quiet but steady,
and Reading closed lower than at the FIRST regular
board and Cleveland and Pittsburg z, while North
western preferred was n higher. Government
securities were inactive but steady At the open
board at half-past three and during the remainder
of the afternoon the market was irmer in Tone
and at the close at halfpast nve the quota
eons were a. subjoined:-Pacidc MAIL 1o1
l01k; New York Central 1881 1874; Erie 90
ok; Reading, OAK OAK; Michigan Southern s1k
. o1h; Cleveland and Pittsburg, s5S a 80; Rock
island 1o7k 1os; Northwestern, 70 7sk; do. pre-
ferred SIX SIX; Mlwau kee and st. Paul, o7h; do.
preferred, 7oh.
Government securities have been very dull but
nrm all day, the rise In gold having had tendency
10 strengthen the market At the close the quotations
were 90 acknowledgement, 1884, 113x Q 113h;
coupon, 1881, 1l3,s 1l3k; 52o's registered, 1862
1904 s1osh; sos coupon, 1862, l1sk 1ls,S; do,
1884, l1ox 1lo,s do, 1895, 111I NIX; DO, 1896,
January aud July, losx l0sx; do, 1857 1854 100;
do 1885, 1854 1907 lo-4o's, registered. 1o7 io7,s;
1olo's coupon, 1914 lo7x; June 7.3o's 1osx 1oe
July do. 1854 100; August compounds 1895, HAY;
|. September do, lis; october, do, NIX.
The foreign exchange market continues arm and
sbs leading drawers refuse 10 name lower rate
tnau iios for their sterling at sixty days. There n
smoderstely active demand for bills and limited
euppy. aud at the close bankers bills on Eng,pd at
sixty DAYS we're quoted st llok 11oH; atDlhres
dsya i,ox q 11oK; commercial bills, losx IesA I;
bankers, bills on Paris ct sixty days, 5.1sst s12k
report was circulated this morning tina, the forrer
govt. Of the exploded nrm Of 40. W. whirs co.,
New street, had been arrested, but II has not Jet
been confirmed ara the question arises why has the
Stock E.cnenge not offered reward for In cap
surcs Although Boyt kept an account at the st.
Nicholas Bank and succeeded 80 well In swindlins
Che street nothing Ia known OF his antecedents or
saose o. he confederate White.