The New York herald., 1869-05-20

u
Cash gold was in good demand, and loans for car
rymg were made at rates ranging from seven to
four per cent. The disbursements of coin interest
by the Assistant Treasurer were s1ss,e7S. To-mor-
row the Secretary OF the Treasury viii sell another
million OF gold TO the highest bidder proposals TO
be submitted TO Mr. Van Dyck at the sub-Treasury
The business of the Gold Exchange Bank resulted as
foows:-
Gold cleared. s123, 900
Currency balances es................... 256l, 253
The money market was without essential change
on government collateras large amounts were
loaned at six per cent but the rate quotabIe at six
TO seven. on stocks the full legal figure was gener-
ally demanded, but great many transactions took
place at six per cent especially where the borrower
was favored or in excellent standing. Commercial
was quoted at seven 70 nine per cent. Foreign ex.
cnange was dul in response to the higher price OF
gold. but rates continued firm on the basis OF lOeH
for prime bankers sixty day sterling and llO3. for
sight.
The government bought one million OF fvetwen.
ties through the Assistant Treasurer TO whom the
proposals TO sell amounted TO about four millions.
Tie awards were made as follows:-s4 SAG, 900 regis
tered 62s at ll674 $4,000 registered cas- at 1875;
$4,000 registered 65s at l16.7s; $4,000 registered
GAS at 116.s7h, and s7O4, 900 registered CTS at
ll6SS. The prices given a fraction below those
which prevailed at the contemporaneous session OF
the government board. The figures are "natr or ex
interest the accrued interest to date the accepted
bonds being paid in coin today TO the sellers. The
government market opened with great animation.
At noon the 62s touched 1921. The 67s sold at 1907.
The foreign quotations and the uneaslness created
by the use OF the English editorials above referred
TO led 10 weaker feeling IN the afternoon and
action in 65's to ll97s The currency bonds reflect
ing the advance gold, were correspondngly
he int in
largely increased to-day. All the issues lending
at merely nominal rates OF interest on
the currency colAterals Prices closed steady
this evening with the following quotations.
United States sixes, 1851, registered, 122H a
l2s do, coupon. l22si a 1913; do nve-twen-
ties, registered, 1l7. l153s; do do, coupon 1862
1925 l22'4 do do, coupon 1854, ll7K III u; do.
do coupon, 1865 llsA4 a 10; do do, coupon 1895,
new, ll95s 100; do. do coupon 1867, lIe7,
100; do. DO, coupon. lp6s, ll97s 100; do. ten.
fortes, registered 1O9l4 1927; do. do, coupon,
1o9H 10; currency bondL 1919 q 1919.
The news Of the expected dsbandment OF the
militia IN tennessee prodGcsd reaction In the feel.
ing OF the market toward Tie bonds OF that state
and there was recovery N prices. New North
Carolinas were weak, but the rest Of the Southern
list closed steady. Prices wre:-Tennessees ex
coupon o79s 6s; 90, new, 65}5 a &C. strong; vir-
ginias, ex coupon, 55ia 5s; a., new o.. a 6s;
Georgia skies, 81 ~ 10. seveus % 30; North
Caroinas. ex coupon, 59}a 20; ia, new. Go 55tf;
Missouri sixes, Ss1S os Louisiasa skies, 70 a "a;
do, ievee DO, oeH a 7o 10. leyee lights. 80 a 90:
Alabama elghts, l02 a lO3: 10 nves, t7a6s.
The NTH annual report OF the National Bank OF
Commerce m this city Is good Indication OF the
large profits made By some OF our baoks The az.
gregate surplus aud reserve iund anl profits are
Sa65G,353 a. Tie current market pemums on
government securities now held by tie bank are
over $4,000 showing the capital an1 sigpius now
10 be SlA426.373 n.
The directors of The Pacific NAH steam,hip Com.
pany have declared quarterly dividend ofthree per
cent. payable June I. at which time o s,at,ment OF
the company'5 affairs win be made to III, stock
holders.
1he very incement weather. which Is gererslly
obstructive OF an active market, did not prevent
very lively transactions In stocks. The excitenent
portion OF the time was hardly inferior to that in
the Gold Room. This especially the case IN the
afternoon when New York Central advanced quite
suddenly 20 1874 The sales AZ this figure comprised
only few shares, Dut those in the vicinity OF lsi
were quite numerous. The rise forced great many
"shorsn into covering but the pressure 10
realize at the advance led to reaction
to 1s6. The other Vanderbilt stocks were
strong and higher but not IN proportion
winch seems 10 indicate that while there Is a more
general belief that the Governor has signed or Will
sign the Scrip bil he hesitates about the conso!ida
uon act The "bullsh" feeling was very strong
throughout the day and the market exceedingly
ouoyant. Reading rose to o53s aud wabash 10 77K.
Michigan southern, Lake shore and the Northwest
erh STOCKS returned to the high prices which they
attained a lew days since in the movement" which
theh advanced them. Ohio aud Mississippi rose to
81 ana Is SAID to be the "card,n or the
next on .he programme for a visit OF the
clique. Mhlle Its fellow members of the rou
way list nave in turn received ,hs henoo,
OF movement It has remained aulet ana neo
ected. ST. Paul was strong, but less excl,ed
dock Island repeated its wide fluctuations Inn, on a
igher scale OF prices. Ths following were the
losing prices on the final call of the STOCK Ex.
hange:-Cumberland 81; wellsFargo Express "a
. 34gl; American, 40 a 40K; Adams, elX a ely.;
,snted states, o5X o 90; Merchants Union, 10 q