The New York herald., 1869-01-24

The gross cearings were $5l, 900, 900, the gold
balances s2T04,747 aud the currency balances
$8,ss7,So3. Cash gold abundant, ana the carry
ing rate ranged from 81 to per cent with one
transaction at per cent ex Clearing House.
The government market was very steady at the
morning and noon boards. The only variation In
the quotation was an advance or x In registered
ten-iortles at the latter. These issues becoming
scarce, aud some of the dealers are sending the
coupon bonds TO Washington to have them ex-
changed for registered. The transactions are con-
fined to small lots, the heavy buyers speculative
account being In "dead lock.n In the afternoon
prices advanced In sympathy with gold, the following
quotations prevailing on the street at the close of
busnessUnited States skies. 1881, registered. III,
q NIX; do. coupon, 1127S a 1121.; hve-twenties,
registered, 1881 100; do. coupon, 1862, 1la,s 1ls
DO, 1864 109K 109H; do 1855, 110h 110t4; do,
new I0sS 1osS; do, 1867, 10sX 10sys; do, 1868,
100 1oek; ten-fortes, registered, 1o5 1o5h; do,
coupon, lO7Js los; currency bonds. 1O1 a ioiK.
The last quarterly bank statement shows that less
than ten millions Of government bonds were held by
the hanks on the I'd inst.
The stock market was unusually buoyant and
prices touched the highest they have attained since
the revival OF the speculative feeling which per-
vades the street. The interest OF the day was largely
directed to Michigan Southern, which was bought
during the forenoon In large 'blocks" for traDsfcr
against the closing OF the books, which
took place to-day at two O'Clock. II win
be remembered that Commodore Vanderbilt
sought to get control or this road two
years ago in his grand scheme OF q through line
from New York to Chicago and there are Indications
that he was one Of the contestants in the struggle
to-day, and probably the successful that. The
parties ranged on the ono side arc said to bc Van
derbnt and Gould, brought together by the
soothing influences OF the Swccny-Tweed
railway and legislative firm, aud Lockwood
on the other. The harmony between the Erie and
Central ciiqucs is maintained with remarkable good
feeling The Erie party show signs OF treachery,
however, and from meeting hcld;at Fort Eric in
Carada few days since II appears that they con-
template running line to Chicago over the Michi.
gan Central with which they will connect from Buff
falo via new suspension bridge and
thc extension Of the Erie and Niagara road
along the shore OF Lake Erie. According to the plan
submitted at the meeting sthc length OF the road
viii be 30 miles, The route can have either or both
Of two western terInni--windsor or Amherstburg
ny the former connection is made through Detroit
with the Michigan Central road and the line Ia about
thrty-nve miles shorter than tho shortest existing
between this point and the City Of the Straits BY the
latter connection would be made via Michigan South
ern road with Chicago, giving saving OF from nifty
20 seventy miles over any other route from BuYalo
20 Chicago and OF over twenty miles from New York
10 Chicago as compared with the Pttsburg and Fort
Wayne route tho shortest now operated the Erie road
bong the thoroughfare from New York TO Buffalo BY