The New York herald., 1869-09-12


Loans ..............s2s254 SO $50 see, ,sci, ,ssa
Specie. lL46l,I22 ll,e42.o66
Sncuianon.. .s...'....... oasoloSS o. yo9, l9o
Lepos'S ...,............- lel, lOl,oso lsse2a,3At
Legal tenders. 55,S-9,7S2 5l,4s7 s67
The changes are:-
Increase IN loans 50, 81 694
Decrease il specie Observation-Disclosures. ,5l9 656
Increase IN circulation. n..................... 416l
Decrease in deposlts s................... 22T7 1852
Decrease In legal tenders. 4,34i, ,9l5
Net reserve sept. ST. 025, 22f
Net reserve, sept u.--................. 117Sii Jos
The following were the bids today for city bank
stocSs:-New York, i3); Manhattan, isi; Merchants.
I2s; Mechanics, l40; UnlOn i27; America 143; city,
200; Phoenix. 100; Moth River. 90; Tradesnen's.
I50 Butchers and Droyers' lss; seventh ward. H.;
State or New YorF, III; Co4..crce. l25js; ocean,
s9K; American Exchange. III; Chatham. los;
Bank Of the RepUblie, Ieo; Rank ol North Ameri-
CO, lO9a; Irving, n2; Metropolitan, l97; Peoples,
lao; Market l2i; Nassau. loG; Shoe and Leather,
llt; Corn Exchange, ls2; Continental, 100; ST.
Nicholas, 1l2; Importers and Traders l4o; Park, 17o
Central National 100; Eleventh Ward. lOo Oriental,
l50; Gold Exchange, lao; Bankers and Brokers' As
socation, 10e.
Despite the above unfavorable showing OF the
banks the money market was much easier,
as it generally Is on Saturday when
lenders are anxious to secure the two
days' interest TO Monday The demand was salts
ned at seven and exceptionally at Six per cent up
&c half past two O'Clock, when baances were to be
had as low as dve per cent. There were no transac
lions at gold interest," Commercial paper was mac
tive, except at extreme rates, the very best names
gong at ten 70 twelve per cent discount. The va
riatons In the rate OF money during the week are
attributed to the gold speculation the one hand
and to "bear" movement of the stock cli9ues on
the other.
The stock market was in the main dull and steady,
not strong, up TO the appearance of the bank state
ment. The shares which were attacked SO vigor-
ousIy IN the early portion Of the week manifested
recuperattve tendency, and were again slowly climb
ing up the fractions when they were knocked back
by the untavorabe exhibit Of the banks. The DEAL
ings in Plttsburg again the feature OF the day
In the Stock Exchange, the price fuctuating be-
tween los and nix on extreme quotations. The
books were suddenly closed this afternoon for the
payment OF two per cent cash dividend, which. ac-
cordng to the dying rumors the street. will be ac
companied by stock dividend ranging from
CIteen 10 rity per cent the directors may deter
mine. The Vanderbilt shares were comparatively
neglected. Contrary TO general expectation Erie
was not restored TO the cali to-day, despite pre-
liminary notice from the Trust Company that the
books and stock ledger had been received. and that
the registration Of the going on. Tue price
after the bank statement went or to 37I. The
subject has been re referred to the governing COM
mittee Of the Board who are to hold meeting on
Monday afternoon to take action on 1t. With refer
snce TO Northwestern, 1t is said that the
Vanderbilt party are buying 1t In with
view to its consolidation with Central ultimately,
the Commodore making his INJECTIONS by way Of
the Michigan Central. The Lockwood party are re-
ported to be in the interest Of Vanderbilt and buy
ing the stock of the old Northwest party for the pur
pose Of taking time by the foreock and gaining a
controlling interest The following were the closing
prices at the last session Of the Stock Exchange
Canton, SO q 6s; Cumberland, s2l5 q 3sA; Western
Union, 81 37I; Quicksilver. 1917 15h; Mariposa,
~ 10; DO preferred 1874 q Is; Pacific Mail, TIs. a
Tx; Boston Water Power 15Li 1873; Adams Elk.
press 561I 571s; Wells-Fargo Express, ISn 10;
American Express, 81 q ss; Merchants' Union Ex-
press 10 bid; New York Central, 2O5 2o51s Hudson
River, 1s3sl lS4; Harlem, l56 49, Reading eak q
0eX; Michigan Central 12S 1924; Lake Shore lol u
102; Illinois Central, 1873; Cleveland and Pittsburg
Ilols Ill; Chicago and Northwestern, so2 sos
90. preferred, s9h s9ss; Cleveland, Columbus and
Cincinnati, rs 70; Rock Island, 1114 q 1l2; Nil
waukee and st. Paul. 761z ,e%; do preferred d, 85a
Q aS5z; Toledo and Wabash 7SN T9 preferred, 81
bid Fort Wayne, s71S a So; Alton and Terre Haute
&c; 40. preferred, 81 bid; Ohio ana Mississippi 81
3I%; New Jersey Central, 1887 1Oi; Chicago
and Alton, 1907 1904; do. preferred, $50 152
Morris and Essex, 81 So; Hannibal and st. Joseph
lis 120; do. preferred III bid; Columbus, Chi
cago aud Indiana Central, 81 "a. The e1ect o
the easy money market on the one hand, IN eievat.
Ing prices and the bank statement on the other hand
in depressing them, visible IN the following table