The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-08-13

the feeling OF weakness produced In the market yes
terday by the large offerings made the Treasury,
rendered it an easy task for the bears TO producea
decline In the government market, which, In conse
quence Of these circumstances. opened weak and
heavy at u to l per cent lower than the best
prices OF yesterday. At the noon call, the same
influences continuing to operate, the market was still
weak, and as compared with the morning call CPS
were offered at u less, CAS- and CTS u, old 65s u and
new 85's r. Registered l0-40s were offered one per
cent less, and the coupons ~; currency bonds q.
ess exhibited a better inquiry without offerings.
The principal sellers were the stock tousas, which
bought recently upon advance Information OF Mr..
Boutwell's programme Of Treasury dealings for
August, now acting under an apparent great fear
OF being severely twisted by the government houses
that they then outbld. In the Interval to the last call
the proposals submitted to the Assistant Treasurer
in response to his call for 81, 200, coo on account
OF the sinking fund, having been opened at noon
and found to amount to only two and one quarter
millions 49, 25s so0 the market became mucn lrmer
and at the last call reacted TO nearly the opening
figures, and continued steady during the rest OF the
day. closing firm ct the following 1gures-United
States SKIES, 1881, registered 1913 123h; do. DO,
coupon, 123 123IS; do. hve-twenties, registered,
1924 122k; do do. coupon, 1862, 1888 1881; do.
DO, coupon. 1884, 1917 122; do do, coupon 1865,
1921 122X; do do, coupon, new, 1885, 121X a
coupon, 1885, 12lH 1917; do ten.forties, registered,
1l1h liz; DO do, coupon, HAY 114}<; currency
bonds, 1097s no.
The following were the proposals accepted by
Assistant Treasurer Butterdeld to-day for the pur
chase by him Of $1,000 900 bonds account Of the
Sinking Fund-$4 600 1861, registered, 1888; $1,000
1885, coupon, 1888; $1,000 1864 registered, 1883;
$3.50 1864, coupon, 1888; $40 900 1896, coupon
1888; $4,000 1865, registered 1875 $1,000 1862
registered 1887; s123OOO 1892 registered, 1890;
$4,000 1854 registered, 1885, s2oooo 1885, regis.
tered, 1900; 100000 1885, registered, 1890;
1886, 900 1867, registered, 1890.
with the exception OF Rock Island, which was
comparatively strong during the day all the fea-
lures OF the stock market were under control Of
the bears from an early hour. The In
definite character OF the late movement
in the Western shares and the absence Of
any sufficient reason Of reliable nature for their
advance rendered them OF course peculiarly open TO
| attack, oil the glowing prospects presented IN
| runners OF future consolidation or leases having
| nothing more substantial in them to give con-
| 1dence TO holders than the breath which gave them
| utterance. The Vanderbilt shares on the other
hand, were unsettled by the absence Of any ntelli-
! pence as TO the result Of the deber-
| atlous at Saratoga 1t was reported that
| the terms OF consolidation with Hudson were
in fair way OF settlement in few days;
| but as this information has been vouchsafed
the street before 1t failed to produce any excitement
| In addition TO these bearish influences the sum OF
| the dealings was not large the average business
these days being insufficient Of itself to give any par
ticular buoyancy the market. At the second CALL
as compared with the figures Of the previous call,
New York Central was ''of ~ per cent, Hudson
| River l pes cent, Harlem per cent Reading u,
Lake Shore II, Northwestern q in the common and
y In the preferred Rock Island x, st. Paul common
and preferred 4 each, Fort Wayne " Ohio and Mis-.
sissippi 4, and New Jersey Central N.
subsequently to this and simultaneously with the
hardening of the gold premium and the recovery in
governments the market reacted u to per cent,
but was feverlsh and excited up to the close. The
following were the extreme figures Of the most