The New York herald., 1869-01-07

debt bearing coin interest increased $217 and
the currency debt decreased $685. 628 230. The in
crease Of the debt for the month of December was
$l,o75,a57. The total DEBT on the 1st inst. was
$3.50, 707, POI.
The money market was easier to- day and loans
were freely made at seven per cent currency on
prime collaterals The threats OF legal prose
cution have frightened great many lend
ers from asking more than the lawful rate.
but great deal of business, II not the
bulk Of 1t. was done at seven per cent In gold. Ex
ceptional loans were also made at sixteenth CON-
mission. The effect was quite visible IN the stock
market, where strong feeling prevailed throughout,
with buoyant tone after banking hours when the
relaxation in money was greatest.
Gold was very dull between the figures 134z6 and
135H. The opening price was 135. The carrying
rate Lie to 3-84 for most transactions but ex-
ceptionally 1t went to 5-G4. The gross clearings
were $685. COO, the gold balances So 702 04S and
the currency balances ,S6s. The steamer Rus
sia took ont 500, 600 In specie.
The government market opened strong and closed
at advance Of * Tor the SIS, H for 62's, x for
CAS-, Il for 0S's, " for CTS and for ess, as COM
pared with the closing prices OF Tuesday This ac-
tivity Is attributed to the return Of money which.
In anticipation OF the fall In the rate Of interest In
the general interest Is seeking the six per cent gold
interest to be earned on government bonds. The
following were the closing prices on the street at
five O'Clock this evening:-United States sxes 1881,
registered, 10ox q 109H; do, coupon 111k o 111H;
6-2o's, registered, 1o7 lo7S; do, coupon, 1862,
1l1X liz; do, 1894, 1854 loss; do. 1865, 1osX
1857; do., new, 1885, 1o7ss 1o7A; do, 1867 1o7x
1o1,I; do, 1868, 1osk losH; 1o4o's. registered,
1881 . 1o31S; do, coupon, 1904 1O6K; currency
bonds 09H o 90h.
In the stock market transactions were limited, but
nrica in hv Wit ato
ing In money, particularly toward the close. New
York Central was heavy and moved less frequently.
There Is disposition to sell rather than buy It
Hence It quite isolated In the operations Of the
day ana remained steady when other shares were
ascensve. The heavy rates paid BY holders for
rying Il make 1t necessary to sell out at good id
vance, and buyers are not prepared to concede II.
Az high onc-eghth Of per cent per day--cqual
to forty-nve per cent per annum-in addition to
the usual rate OF interest has been paid for
periods embraced within the past throe weeks.
The rise on an easy money market has been
more than paid Tor in the estimation Of some,
and hence the stock remains heavy, while
its neighbo respond to the first effects Of the re-
Taxation In the rate OF interest Central opened
at 15o, sold up 10 1874 but weakened in the after
noon to l55x on receipt OF the news from Albany
that the Senate Railroad Committee bad been d.
rected to investigate the facts OF the scrip dividend.
Later In the day there reaction from this last
figure and the price rose TO 156H 158K. Fort
Wayne. under steady demand, predicated upon an
expected SCRIP dividend like that OF New York Gen.
tra, advanced 70 11sx at one time. Michigan South
ern was also active, IN anticipation Of dividend
Pittsburg went up to s5k on account Of the annual
election Of directors, but declined to s37s
as 1t was known that q board Of directors friendly
to the Erie interest had been chosen The quotations
<,S loat orJ foll - WolIu
Fargo Co.'S Express 2sK . 2sx; Adams Ex-
press - ASK; United States Express, 20 . ~; Mer
chants Union Express, IA o 15 Quicksilver, % bid;
Canton, 60k 81; Mariposa, 5K bid; do, preferred,
1ek 20k; Pacific Mall, 1loss 1l9x; Western Union
Telegraph, 34k SAY; New York Central, 1861 q
150; Erie, 3sH 3sH; Hudson River, 134; Harlem,
122 o l25; Reading sAx o4js; Chicago and Alton,
las 1lsx; do. preferred, 14sh 0 1so; Bankers and
Brokers' 81 o 90; Alton and Terre Haute, IS 20;
do, preferred, 6ix bid; Wabash, cox OIL; MIL
waukee and st. Paul, T0k 7ox; do, preferred, s9x
q 90; Fort Wayne. 117,E li7x; Ohio and Missis-
sippi, s3x 0 asys; Michigan southern, ssA sss<;
Pittsburg, Sax s4sl; Toledo, lo0K o 1olk; Rock
Island. 11sss 1lsk; Northwestern, SAX s23s; do,
preferred, SAX . s4,s; Boston, Hartford and Erie,
2oHa2s.
moro buoyant feeling prevailed on the street
after the boards, prices closing Mt quarter to six
O'Clock p M. as follows--New York Central, 156,s
15eK; Eric, 3sx bid; Fort Wayne lisH 11sk;
Michigan southern, 90 oox; Rock Island, 1lsss
1is; Reading, o4k; Northwestern common, s2x a
say; Pittsburg, ssS< asked; st. Paul preierrVi ssA
90; Pacific MAIL lisk bid.
The state bonds were steady. but dull. North
Carolinas improved falntly report that the In
terest would be paid tho 10th OF this month. Prices
closed as follows:-North Caronas, ex coupon, e3h
64s; do, new 90 o 02ji; Tennesseos new. oe,z .
ssL. yirRinias. ex coupon 81 81. do, new, b5ss
s7h Louisianns, old. es u 90; do. levee, o. o.,
Georgia skies, 7s,s 70; do. scvcns, 80 a 90
On the subject OF the interest due upon the North
Carolina bonds the Wilmington Journal says:--"Wc
cannot say we were surprised at the announcement
'on4he LIST OF January by telegram from New YORK
that there was decline In North Carolina bonds,
there being no money here TO pay the Interest,"
We would have been much surprised at any other
announcement. From the day upon which the Lcgfs-
laure refused to consider the project Of mort
gaging stocks owned by the state 10 enable the
Treasurer 10 borrow money 10 meet the January In
icrest fot we'll assured that II would not be paid
when due. We even doubt n there has been an
honest attempt 10 borrow the money. II IL not for
mo interest Of the ring which controls matters at
The state capital to have had this money on the LIST
Of January, and when they have the manipulation
pf the whole thing It VIII not DO borrowed until they
wish It."
Foreign exchange was nrm on the basis Of 1905
loeH FOR bankers and ioo)s look for prime.
san Francisco circular has the following with
reference TO mining stocks In that cty-rhe dispos
non TO invest IA becoming quite strong. aud as tho
money market Is now easy operators In mining
stocks have become quite numerous. In the carry
cart OF tho period undcr review prices weakened