The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-08-23

In government bonds there were frequent nuctua-
tOns within limit Of about one per cent, the mar
ket toward the close OF the week being active and
somewhat excited over an advance abroad said to
be due to large purchases OF the CTS by the Rotns
chiids IN the general fears for the effect OF the bad
bank statement the market yielded from the highest
figures and closed as follows:-United States SKIES
1881, registered. 1913 l231s; do. do, coupon. 1913
a l2sX; do. ave-twenties, registered, 121H 12lsS
do. do, coupon 1862, 122h 122s<; 90. do, coupon
1884, 1917 1211s; do. do, coupon, 1865 12l l2l u
DO. do, coupon, new, 1855, 12os l2o5l; DO DO,
coupon, 1861, 120H 1905; DO. do, coupon, 1865.
12O1t 120A; do ten.forties. registered. Ill III "
DO. do, coupon, 114t haas currency bonds, l09s<
q 1927.
In the stock market there was. for the season OF
the year, interesting series OF movements In the
stocks, which have been more prominent in the past
month. The consolidation of two important Western
trunk lines started considerable speculative activity
and led to apprehensions all around for the fate OF
pet schemes, which had been previously regarded as
without shadow Of defeat. but which now seemed
on the eve of disastrous annihilation. or course 1t
Is easy to see that such condition Of things would
be followed by general break In the stocks OF the
lines so oversaughed, especially as the market had
been prepared for decline by the rivalry
OF the different lines on the freight
question. Then the bank statement was un-
favorable to monetary quiet, while The extreme heat
AT the close robbed the bulIs'' OF their vitality aud
lett them easy victims to the bears, who sold the
market very brskly. The lowest figures touched in
the general decline were 1877 Il for New York Central
l7S for Hudson River 1907 for Harlem, 271s for Erie,
$50 for Wabash, s5H Tor Northwestern. so for ST.
Paul. 1867 for Lake Shore, LAB, for Rock Island and
79,S for Pacific Mail After the bank statement, the
worst features Of which were regarded as dis
thapo
was reaction with steady but dull feeling at the
close. This change was result in measure also
of the more plentiful offerings of money. towards
three O'Clock, when loans were made as
low as five per cent. The following
were the closing street prices Saturday
nignt:-Erle, 2st q 2Sx; Canton 90; Cumberland,
35 a So; Western Union, 37H 37x; Quicksilver, l5H
q Is; Mariposa as; do. preferred. 10 IL;
Pacific Mail, 70K 7Sx; Adams Express, SIX
5sk; WellsFarg0 Express, 1915 q 2Ok; American
Express, 3sx 40; United States Express 90 q "a;
Merchants' Union Express 1Oh bid New York Gen.
trail, 1927 200; Hudson River. lsoX 1871; Har-
lem, 16l 1919; Reading 95x %; Michigan Gen.
trail, 1870 . Isl; Lake Shore. 107k 107x; Illinois
Central, 1870 1so; Cleveland and Pittsburg, 1o5 a
l05k; Chicago and Northwestern. se1s q ses4; 90.
preferred, 90 o COX; Rock Island, 1l5k l15,s;
Milwaukee and St Paul, sok q so5f; do. preferred,
~ "a
ferred, ssk ssx; Fort Wayne, Isl 15lz; Ohio and
Mississippi 32sI q S2js.
Southern securities were steady and dull, except
for the Tennessees and North CsroiDas which raj
lied from their dropping tendency and became active
and strong.
The earnings Of the Union Pacinc Railroad from
Nav 10. 1862 the date of its completion, TO June l.
were Sac, s7s during the month Of June. $67S04o
and during July. sesaT2s. Total, $L'7siSs.
The western Pacific Railroad, running from Sacra-
mento to san Francisco " completed between sacra-
meuto and stockton, and trains commenced running
over 1t on the nth Of August.
The latest enterprise OF the Delaware, Lackawanna
Boonton to New York via Paterson giving direct
communication with the coal regions OF PennsylvW-
MIA and the hour markets Of Northern New York. as
well as the lumber districts Of Southern and Central
New York. When tho new road Is competed there
Will be three avenues by which New York is sup
piled with coal through the State Of New Jersey the
others being via the Erie supplying Pittston COAL and
the Morris Canal carrying the Lehigh and Scranton
coal. The new line will have double track, and
win be able to carry immense quantities Of coat at
reasonable rate. Crossing the Passaic west Of PAT
erson there Will be constructed q bridge $50 feet
long four spans 1Co Ieet long each, with an eleva-
ton Of eighty feet above the river bed This bridge
will be constructed on the same principle as the
bridge on the Paterson and Newark Railroad. 1t
will cost $4,000 at least and in all probability will
exceed that sum. Its exact location wiu DO on the
soutn SIDE OF the Paterson and Little Falls turnpike,
and about 800 feet from the canal. The truss work
viii be sixty feet above the turnpike Two spans
will carry the bridge to the shore on either side,