The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-11-27

SeSteruayS LranSacClouS were equal 10 Lile SUN VI
the transactions Of all those days. It is this over
selling OF the market which defeats its own object
and puts the market at the mercy of such combna-
lions as that which last September ran the price
from 1872 to 1865. The course OF the market is shown
in the tablet
10 A. M....A..... 124a 1P. M............. l24A
1885 A: M ~. l247s 2P. M.............. l24X
1aM.'. ..... ia4a M..... i isa
z212 r. M......... 12455 81. Mo-. .12aA 124H
The rates paid for carrying were 7, OK and per
cent The operations OF the Gold Exchange Bank
resulted as folows:-
Gross cearances.. 500 $4,000
Goiu Daihnces.. 80, 800
Currency balances. ACKNOWLEDGEMENTS. 10z7,S3S
The reaction IN gold was also sequence OF the
more active tone Of foreign exchange which became
arm with Its decline. The importers have been
large buyers both to-day ana yesterday the orders
to their brokers being quite general take gold at 124
to l25. The complement OF each transaction has
strengthened the demand for bills remit by Satur-
days steamer and the bankers advanced their rates
an eighth per cent The range Of quotations was rs
Misunderstanding sixty days, commercial, 1881
I08H; good to prime bankers, 1857 q 1907
short sight, 1921 l09&; Paris, sixty days,
b.2l4 5.l71a; short sight, 516a q 514ss; Ant
werp, 5.221s 5.174; switzerland 5.22k q 5.l7k;
Hamburg, a5h SO; Amsterdam, 4o4 4o%: Frank
fort 40A 4oe4; Bremen, 7sk 20; prussian thalers
50ka714.
The money market was easy as six to seven per
cent on stocks and five to six on governments. The
Chicago papers report great strngency at tnat cen
tire, owing to the shipment OF money the interior
to pay for pork, cattle and grain purchased from the
farming and producing community. Our banks are
In turn shipping TO Chicago but well supplied
with funds that they are still able to more than
accommodate the wants OF Wall street. The dis
count market was unchanged as to rates. There
was fair demand for the choice grades, and prime
paper was readily saleable at last quotations.
The market for government bonds was feverish,
unsettled and weak. The early decline in gold pro-
auced pressure to sell, under which prices
fell to the lowest since the beginning OF the
downward movement In this class OF invest
ments. At the afternoon CALL owing to the
spirited demand for gold the part of bidders at the
Sub-Treasury, well TO the hrmer feeling in the
gold market, based upon the selling OF only one
million by the Treasury, there was fractional rally
and holders were less disposed to SELL This improve
ment was lost In subsequent dealings and prices at
the close were at the lowest OF to-day, the market
being steady, however, at the decline. The follow
ing were the closing street prices dive O'Clock this
evenlng:-United States currency sixes 1919 q
1919; do SKIES 1851, registered, III 117h; do.
coupon, 1l7s NIX; 90. fve-twenhes, registered,
May and November, III q 1925; do. 1852, coupon,
do 1855, coupon, do, 1925 1124; do. registered
January and July, 114I Il5: do 1865, coupon,
do, max li47s: do 1867 coupon. do, 1145sa 49,
do. 1865 coupon, DO, 114z 1l4n; do. ten-fortes,
registered, 1914 1917; do coupon, 107 4 107b.
The dealings Ia the Southern state bonds were
dull, particularly at the boards where transactions
were almost confined TO the Tennessees, North Caro-
lnas, South Carolinas and Missouris. report from
Raleigh that q resolution had been introduced In
the Legislature TO repudlate all special tax bonds
sold below 60 tQuxotc as such piece of legislation
may SEEM, suflced to give all the North Carolinas
another tumble-the old bonds going down to H. the
new to 30h and the "taxes' TO "a. Sympatheticaliy
the Tennessees weak, the old bonds yielding to
beh and the new to SIX. South Caronas were
strong, II not active. The following were the closing
street prices Tor the Southern list-Tennessee ex
coupon 30 sou; do, new, 81 q 50; do, nve
per cent 90 81; Virginia, ex coupon, 40 SO; do,
new, 81 81; do, registered stock, 43k Az:
do. do. 1885, 81 a So; do, do, 1857, 40 so;
Georgia skies, 81 SO; do sevens, 90 a 92k; do In
terest payable Georgia, IS 81; North Carolina ex
coupon, Al AZ; do, new, 301s 81; do special tax
"a 34H; Missouri skies, OIL q alX; do, Hannibal
and ST. Joseph 90 %; Louisiana skies, 65 81: do.
levee SKIES 90 6oi4; do eghts rs IS; Alabama
eights, "a 90; do. lives. so SO; South Carolina
SKIES 8s 90; do. new, SO COY; do. registered
ianta eghts So a 81; do. Savannah seveas, SO IS;
DO New Orleans consols, "a 75 do. issued to rail-.
roads, 6s 20; Mobile and Ohio, sterling, 60 67;
DO, eights, IS 90; Mississippi Central Railroad,
nrst mortgage, II ~; do, second d. 60 q o.;
Memphis and Charleston, first mortgage, 81 a 81;
d0 second do. 70 "a; do stock, Al a AZ; Green
vile and Columbia guaranteed, go o 82
1t would DO difficult TO characterize the stock
market in single expression; for 1t moved with no
sort OF consistency regularity, and displayed very
cratic tendencies The movement In Northwestern
was marked by the apparent continued application
OF the same strong hands which have lately lifted
the stock and given 1t speculative prominence in the
general list. The common shares were advanced al
high as 70, the movement running upon them to-day
rather than on the preferred which Is said to have
chad Its advance" for the present. From this point
there was o sudden decline to 745S, and a
subsequent rally to 754 The Vanderbilt shares
continued weak, Central going OF to 1854
and Hudson River to 1854 the consolidated
STOCK and scrip declining propoytonately. Erie was
uu'i ana neglected, and seems to have settled back
lnto the quiet which characterized 1t previous to the
ia'ese squrming Of the stockholders. Reading on
inc expectation of future cash Ia place OF the Gus.
tohary SCRIP dividend rose to e9<. Late
IN tnc AFTERNOON sudden furry in Rock Island
TOOK IL up from 1884 to 1857, but no one
III the Long Room seemed capable OF ex plalninr tho
rlse In the miscellaneous list Western Union was
heavy, weak and lower and Paciac Mail bare,y
STEADY. The directors Of the latter companv have
had meeting, but have taken action ON the sub.
Ject OF the dividend The following were the closing
prices OF stocks az the last session Of the atocr Ex
change:-Canton, 81 SIS; Cumberland, 2e: Western
Union, 35x 35h; Quicksilver, IA lax; Mariposa 7