The New York herald., 1869-04-20

1880 P. .M...........l3S5s 445 P. .M..........134A
II NJ M;..........lS3}s r: NJ. .;:.....'... ..iSah
2P PM...............13S2 $3.50 r. NJ. ..l9sH 1874
Cash gold was in good demand, and rates for bor-
rowing ranged from two per cent per annum to 1872
per diem, with an exceptional instance at two per
cent for carrying. After Clearing House time 1-64,
1872 and 3-6i paid for borrowing. The following
is the report Of the Gold Exchange Bank
Gold cleared. 022, 600
GOu DalanceS ltco4,ooi
currency balances ............'....''.'. z'oao,ozo
At the semi-annual meeting Of the Gold Exchange
to-day the Treasurer, Mr. George Phipps presented
his report for the SIX months elapsed since October
i, during which time the receipts OF the board were
$l15,633, and the expenditures S1s9l0. The Secre-
tary, Mr.. j. W. Moses, rendered his resignation The
election Of his successor was ordered for Monday
next
The market for foreign exchange was more active
and prime bankers sixty day sterling bills ad
vanced to 1857. The demand for bills with which
to remit the payment of the May coupons on the
bonds held abroad stimulates quotations. A further
heavy consignment of these coupons was received
to day by the Bremen steamer Without q spirited
reaction in the European investment demand for
fvetwenties 1t Is hardly probable that the exchange
market Will do otherwise than follow its usual course
upon the approach Of summer and go upward.
The following was the range Of rates to-day
Sterling, sixty days. commercial, 1914 107%;
good to prime bankers, 1O72l lOs1S; short sight,
7os1s a 1881. Paris, sixty days. 5.2e% $40;
short sight. $50 51sH; Antwerp. 5.26li 5.2lX;
Switzerland. 5.261l 5.2iH; Hamburg, S51G 35k;
Amsterdam. S9A 4o4; Frankfort, 40 a 4oK;
Bremen Tx a IS; Prusslan thalers, 704 703.
AT the opening OF business governments were
strong, but were subsequently pressed Tor sale to
realize the high prices which have been ruling re-
Gently while the foreign quotation came unfavora
BILE. decline to 81 1S at London was followed by
Still further yielding to 81 and private despa,che'
say so7S. Under these circumstances the market be-
came heavy and the July bonds which had been
quoted high 1854 l153S fell of TO u.s. the G1s
yielding to 12oH. but the higher price Of gold kept
the market steady at the decline until the announce
ment OF the bellicose speech Of Senator Chandler,
when It again gave way. The following were the
closing street quoatons:-United States skies, 1884,
registered, 1l8s; do coupon 117H 1173S; do FIVE
twenties registered, Ill 112 do do, coupon, 1892
1907 1908; do. do, coupon, 1884, 115zs 116 do.
do, coupon, 1858, 117sS 1l7'4; do. do, coupon,
new, 1865, 115 115M; do. do, coupon, 1867, l15a
115h; do. do, coupon, 1868, 116 115h; do, ten
forties, registered, 1861 1O6; do do coupon,
1861 106K; currency bonds, 1047s 1o5.
Southern securities were irregular. Tenncssees
and virginias were strong, with an active demand.
Louisianas were steady and quiet, the market In
New Orleans being higher than In New York. The
new North Caronas have been pressed for sale on
account Of the demand for funds by the Williams
port and Tarboro Railroad Company. The market
was strong for the old bonds.
The money market wa shade more active than
on Saturday, but the demand was met at seven per
cent currency, the uniform rate OF the day on call
loans with all the various classes OF c0aterals
Commercial paper felt the influence Of the altered
tone OF the money market much more sensbly to-
day and prime double names sold quite freely at
nine per cent The range OF rates IS from this figure
20 twelve per cent. The suspension Of Washington
street packing and provision house was announced
to-day, the reported liabilities being $4,000.
The facts enumerated In the above paragraphs
were duly reflected IN the course OF the stock mar
ket, which, under the continued favorable impress
sion produced by the Saturday bank statement, and
the comparative ease OF the money market at the
beginning of business was strongly active for the
general list. The features were New York Central,
which touched 1864 reactlng subsequently to
1C5; Rock Island, which sold at 139z; Pacific Mail,
which rose TO e5ai; western Union, which rose to
AK; st. Paul, which touched s0H, and Illinois Gen.
trail which advanced TO l43 bid This last mentioned
stock was firm and higher In consequence OF the
receipt OF private telcgrams from Springfield
announcing the passage over the Governors
veto OF the bill granting the railroad CON-
pany lake frontage ia Chicago. The market
from half TO two per cent lower at the last open
board the feeling being unsettled by the speech OF
Senator Chandler and the meeting OF the Washing
ton Cabinet TO consider the Cubnn question. Pacific
Mail weakened and declined to e3h The express
stocks, which were steady at the opening. were
most active just as the railway aud miscellaneous
list began TO decline Adams sold at 63H, United
States at 65 and American at ~. They yielded later
I'm the afternoon with the whole MARKET but
the closing street quotations show recovery from
the lowest figures OF the day. the following
were the prices on the call at the hast regular
board:-Canton, G2 a 63; Cumberland 80 q 35;
Western Union, 42ss AK; Quicksilver, g2s q 30;
Nariposa, ~ a 23h; do. preferred, al Az;
Pacific Mail, 9iA q 94S; New York Central 1909 O
106J. Hudson River 1i7i6 1isH; Reading, 90 n 90;
Michigan Central, i22 bid Michigan Southern, sstS
90; Illinois Central, 1913 14i; Pittsbura e3l ssts
Northwestern. saai a s41; do. preferred oj1 a 90;
Rock Tsiand 1925 l3eyS; st. PAUL. seA 7s1l; d o.
preferred, 81 s74: Wabash, ~ T2h; do. pre-
fcfred. so a s1H; Fort wayne 132Js 1884,; ohio
and Mississippi, 339i a 80.
The following were the closing quotations OF the
last open board:-Cumberand, 29h q 2Da; Wclls
Fargo Co.'s Express. 321s a 33jl; American Ex-
press, AK a az; Adams Express 62X o3a; United
States Express, 64ts q 655s: Merchants Union Ex-
press, l5H 16ls; Quick silver 22I q 22s.; canton
62,s 50; Pacific Mail, 94x 94i4; western Union
Telegraph, 42H 1856 New York Central, 1851
100; hudsoh luver, las 14sA Harlem, 142 o 143
Reading, so1s etL! Chicago and Alton, l5d 1885,
DO. preferred loo 100, Bankers and Brokers', 100;
Alton and 1erfe Haute. 3e1s 40; do preferred Ga
os; Toledo ana wabash, II ~; do preferred.
10 q 80; Milwaukee and ST. Paul. sek ssx, 40.
preferred, 81 s7k; Fort Wayne, 1873 a I3sx; ohio
aud Mississippi 33h 39h; Michigan Southern,