The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-01-31

II a. M....... 1884 4. M..........'... 100 1929
IL M.............. 1864 r. M............. 1865
The closing quotation at i've O'Clock was 1885,
1861.
the. transactions to-day at The Gold Exchange
Bank were as foows:-
Gross clearings. 600
Gold balances ......................... L1ls,s30
Currency balances. OBSERVATION-DISCLOSURES. 2,4slss9
Foreign exchange closed duh after the steamer
with tendency TO lower figures The following are
Notwithstanding, prime bankers, sixty days,
1o9x l09s< do, sight, l1oIl 1lo3s; Paris long,
5.1s14 SIS; do, short. 5.l3A a 5.121s; Antwerp,
5.171s 5184 SWISS 5.171s 5.16iS; Hamburg, 367s
| q se14; Amsterdam, Al q Az; Frankfort as
| Az; Bremen, 70 so4; Berlin, 7ls II
Government bonds were weak in consequence Of
the decline in gold and through sympathy with de-
cline In the issues Of 49, which yielded to the bearish
influence of the shorts. There is general dulness
IN the market for United States securities. The re-
investment demand has been largely satisfied,
and the speculative interest lie almost en-
| tirely diverted to the stock market. Prices
| were firm at the close, with the. following
quotations: States skies, 1881, registered
| 1l1h 1116; do, coupon, l12h ll23E; nve-twen-
ties, registered 1895 I09k; do, coupon, 1862,
1lSH a1t3la; do, 1884, 1921 109s; do. 1885, 10Y
l10sl; do, new. 1865 1854 1885 do, 1887, 1885,
a 1885; do. 1865 1855 1895; ten-forties. regis
i
! rency bonds, 1917 1O12.
The stock market was considerably excited over
i wide fluctuations produced by large realizatons
On the one hand 1t was conceded that those 'long
Of stocks were anxious for 'tnrn, and hence Tie
general rush at the boards TO get rid OF them. ON
the other it was stated that the market was CON-
PEELED 10 yield In consequence oftne depressing effect
OF the final passage OF the railway fare reduction bill in
the Illinois Legislature. Both causes were sufficient
to AFFECT the market for decline and there was a
general yielding OF from half three per
In the railway list. The defeat Of tho Erie clique In
| getting possession Of the Columbus and Chicago
road was doubtless one source OF uneasiness; for
l the whole market has been sustained by the vast
| schemes contemplated or In course Of
| achievement by this party. Their check at
so important stage Of their progress was inter.
| preied unfavorablc TO their plans The
registration OF Erie-fbe only corporation which has
not complied with the rule or the poards-was also
q for weakening confidence In the stability Of
| the present high prices. There were no .shorts.r
however. Those who sold disposed OF stock their
possession. The "bearsr are too timid as yet
to begin an attack. The delay In the Jencks- van.
derbilt decision In interpreted unfavorabe the
removal of the Injunction. II the Injunction be con-
tnued II will be disastrous TO the interests Of those
who so heavily "long'' or those stocks which
| said TO be in for scrip dividend a la New
York Central. The last mentioned stock
went down TO lmH to-day, and was fol-
lowed by Hudson and Harlem. better
feeling prevailed in the afternoon subsequent TO the
receipt OF telegram intimatng that the Governor
OF Illinois would veto and defeat the bill which pro-
duced the depression In Northwestern railway
stocks and by sympathy. In the rest Of the list The
exceptions 20 the general market were the express
stocks, which were very buoyant, Adams touching
6sx. All these stocks have been or viii be regis
tered.
The lease OF the Columbus. Chicago and Indiana
Central Railway made to the Pan handle Company
and the Pennsylvania Railroad company Jointly, ~
perpetual, and provides that the iessecs are
| to keep the road I'm first class condition and
| furnish oil the equipment which may be
| required without charge 10 the Iessees; all
through trailc IL 10 be pro-rated over the roads
Of the three companies, nil taxes are to he first paid
ont Of the gross earnings aud the balance OF the
gross earnings Ia to be divided 30 per cent to the
lessons ana 20 per cent 10 the essecs and the cssces
guarantee that the minimum sum produced by the
per cent aud every year shall be not less than
| the interest on the entire bonded debt OF the
Columbus Chicago ana Indiana Central Company.
II In any year shoulc he insufficient for that
purpose the iessces are to make up the deficiency
without charge 10 the lessons, thus making posi-
Tive guarantee for the interest upon its en-
tire bonded debt the lessces are aiso To
provide for the sinking fund OF the Column
bus, Chicago ana Indiana Central Company
for the redemption Of ITS bonds out OF Their own
| funds All existing contracts OF the columbus,
| Chicago and Indiana Central Company are assumed
and guaranteed ny the Iessecs. and the lease pre-
Guides any contract for a division Of earnings be-
| tween the pi,tsburg. Port wayne and Chicago and
Pan Handle companies, without the consent Of the
Columbus, Chicago and Indiana Central Company.
Transactions at the first open board included sales
OF Adams M oi,l; Merchants III; Pacific Mall
ijp,. Western union 3sia New York Central, 1885,;
Canton 81; Erie. aS,s; Harlem, l5V; Reading, 81;
Chicago and Alton preferred, istS, Wabash, e5s,;
Hudson River, 1884,; ST. Pau. 1asl; OHIO and MIS-.
sissippi. 80; 81. paul preferred, pe9s' Michigan
SOUTHERN esss: rittsburr, 9,I; Toledo. io,h; Rock
Island, ISssi; Northwestern, So; Northwestern
preferred, eiss.
Tho market NC the regular hoard was nrncr for the
general I,st and strong for the express stocks.
inc closing quotations Of the last open board
| a. Observation-Disclosures as; q ~; Wells, Fargo 4
co.'s Express 20 81; American, ~ Ind; Adams e4&
az tinted states bs,s %: Merchants union i7s.
| n rs; ouickslver, "a q 2ss: Canton. CO., 00a;
/ Mariposa, Z q o; 40. preferred, 2sa "a; Painc
NAH, ,ex a iioN; Western Union Telegraph, ISL
ssi.; New York central, 1917 1915; Erie, so,s n
az x: do preferred. no "a; Hudson river, i34s
l4sl; Harlem fs5 1864; Reading, sejs s6s; Chica
20 ana Alton, lsi,s bd do preferred $50 bid; Rank
ers and BROKERS', 1osls Wabash, 0aa o4S; do. pre-
icrrcd, 7px; Mlw aukee and ~. Paul. 7c,s ~; do
preferred COX q e5ss; Fort Wayne. i2i lNA; OHIO
and Mississippi, ssss ssss Michigan Central Ils,s;
Michigan southern "a; Illinois Central, 1885, 1897;
Pttsburg 94& s4H; Toledo io5ia iosI: Rock
Island, Iso,1 Northwestern, "a s4'.; do preferred
sIss; Boston Water Power, 1875 hio.
There was M late sessions Of either Of the boards
| and the Long Room adjourned nj four O'Clock The
| prcssure 10 scll continued and prices gravitaied