The New York herald., 1869-01-17


and closed at an advance OF q quarter to three
eighths Of one per cent The market was firm on
account OF the dissipation Of the reports that the
government was about to issue new bonds. The
closing prices OF halfpast four O'Clock were as fol-
lows:United States eixes, 1881, registered, 111H
p11K; do do, coupon ll21< q 112k; do. nve-twen-
fes, registered 1881 10S do, coupon, 1862 112S
h113; do. do. 1854 1o94 1O91s do do. 1885, ITO
11oK do. do, new, 1855, 10s5s 1osh; do. do 1867,
iosx 1o8 do. do, 1885, 1ossl 100; do. ten-fortles,
registered, 1o4ss 1o4S; do. do. coupon, 1o7x
1os Currency bonds. l0lg4 lolK.
The stock market to-day was rather more animated
than it has been for some time past. very unset
tied IL not feversh feeling prevailed account OF
che heavy sales made at the morning boards, which
are interpreted by many to be the opening OF the
campaign the part OF the .bears.n At the begin
ming prices were steady, II not firm. In some In
stances there was marked advance particularly In
Gew York Central and Rock Island, the former SELL
ing high 163h and the latter ot 130s. The rest
of the list weakened and declined until the bank
statement was made public, the figures Of
which reassured the "buls' for q time, and
prices recovered but not to the highest
point OF the day. Northwestern preferred, which
wcs the latest favorlte, was "o7' over one per cent
on account OF o report that the Illinois Legislature
was about to enact o law reducing the rate OF rail-
had already passed the Upper House. 1t is inti-
mated that the "bear" plan Of campaign contcmpates
obtaining the help Of the Western Legislatures and
Judiciary to dsarrange the various schemes by which
railway shares have been inflated by the bulls. This
step was suggested. perhaps, by the Of the
cleveland stockholders In defeating the Erie clique
in the effort to get possession OF the Cleveland
and Pittsburg Railroad The uneasness of the street
was quite apparent in the transactions OF to-day.
Rock Island operators were In Q quandary. On the
one hand they afraid to sell in face OF the ex-
pccted scrip dividend, and on the other they knew
not how true were the stories Of legislative inter.
ference In the pecuniary prospects OF the road New
York Central, which was Isolated by the fear OF the
street TO deal in it. maintained ts separate indvdu
ality In the fluctuations to-day rising steadily from
the previous days quotations until midday, when II
underwent the usual reaction, but recovering
after continued its upward progress while the
rest OF the market was tending downward. In the
hurry OF excitement produced by the very favorable
Showing OF the banks 1t touched 1884, aud then fell
on again. Tne cause OF Its advance was heavy pur-
chasos by those protesting 10 have inside view OF
hnars at Albany. II the entente coydfaie between
the Eric and Central cliques continues during the
brosent session OF the Legislature there will be some
very dstractng Developments In both stocks before
the hundred days are up. The express stocks
were m exception TO the general course
G things and were higher and nrm.
OF the miscellaneous list Quicksilver was
active and was quoted up TO 247S rs. The closing
quotations at the last open board were ~ folows:
Wells, Fargo Co.'s Express, 25 q 26K; American
Express, sstl bid; Adams Express, sax . s2k;
United States Express 40 so; Merchants Union, 10
Is; Quicksilver, 24x . 24z; Canton. SAX . SAX;
Siariposa, bid; do preferred, 23R 23k; Pacific
Mall, 122H l22X; Western Union Telegraph, 33X
"a; New York Central, 1o1K q 1eIss; Eric, ssx
SsT; Hudson River, 13t 1872; Harlem, $50 13l;
Reading. ejiE o5il; Bankers ana Brokers', 1os bid;
Alton and Terre Hautc, 40 a a.; do. preferred,
c5 q e7x; Wabash, e2x q e3E: do. preferred. II;
Milwaukee and st. Paul, T4l s4,s; do. preferred,
p34 pa5f; Fort Wayne, l2oX 12l Ohio and Mis-
sissppl, s3ss s3s; Michigan Central, lls,s; Michi.
gan Southern, 90 9cx; Pittsburg. $50 Ssk;
Toledo, 1887 1o4; Rock Island, 1891 q I2sk;
Northwestern, s24 s2k; do. preferred, SO q Ssk.
There we're no late sessions OF either board, as
usual on Saturdays, but an animated business was
transacted in the Long Room mp to four O'Clock. In
che period just before adjournment which was just
subsequent to the announcement OF the bank state
ncnt the price OF Central attained Its highest figure
and the general market recovered from the dcrress-
ing effects Of the earlier sales OF the bearsv and Of
the sales to realize the majority OF operators
taking courage from the easy condition OF money, as
shown by the bank statement. which they deemed
anything hut nattcrng to the success OF "bear at
tack How nearly they have guessed at the truth the
ensuing week VIII develop. II the sortic to-day was
not made for the purpose frightening timid hold
crs out OF their stock In order that the bulsu may
load up for stil another rsc then the elements are
gathering for grand baltic between the respective
animals which constitute the life OF wall street.
The following werc the closing street quotations IL
ave O'Clock this evening:-Ncw York Central, lo2X
ale3x; Erie, 3ex ASK; Fort wayne l2,l bid;
Michigan southern, ooX so5s; Rock Island. 12s,l
a1csH; Reading, 95sS . o5k; Northwestern pre-.
ferrcd, So o ssx; St. raul preferred, o. bid; Ohio
and Mississippi, sss sax; wabash s2K bid; Pa-
cinc Mall, 122K 122k.
Foreign exchange was weaker On account Of heavy
shipments OF Specie and the arrival Of cotton bis
The quotations were based upon the ngurcs 1oek
ioex for prime bankors', sixty days., essrline
Ths Southern state bonds were sgkln largely dealt