The New York herald., 1869-02-19

r. lo&1a
The transactions at the Gold Exchange Bank
were as f0llows:-
Gross clearlngs. s57 Gal 600
OOlu O08nce6. Lisa, ,99j
Currency balances. ces...................... 2,5y6,114
The carrying rate ranged from seven per cent to
i-32 before Clearing House, and went as low as nat
xt three o'clock.
Foreign exchange closed 1rmer with the following
qu0tati0ns:-Stcrling, sixty days, commercial, 10s
1885, good to prime bankers, 1oss4 100; short sight,
1924 . 1o915 Paris, sixty days, $50 5.l7h; short
sight, a14ha SIS; Antwerp, $40 5.171l; swtzer-
land, 6.2oa5.l7K; Hamburg, 35ss s5zs; Amsterdam,
<oH a40x; Frankfort 40k 4os<; Bremen, 7S1s o 70;
Russian thaers, II q Tx.
Governments were quiet and .ofrv The market
wss steady at the opening and weakened during the
day, but closed with q reaction from the loves.
prices. The fluctuations were in sympathy with
those in gold, prices In London standing still. The
quotations al i've O'Clock this evening were as fol-
iows:Unltcd States sixes 1881, registered, 1923
li3; do, coupon, 113k ia; do 5-2o's, registered,
l1os4 ILL., do, coupon 1862, 114,4 ll4sl do. 1884
Ill ll1,1 do. 1865, 11216 1925; do, new 1856,
ilO 11o9s do, 1857, 11os 10 4 do, 1868, llo4
= Ill; do. lo-4O's, registered, 1851 1o3X; do,
coupon, lo94 alo9h; currency bonds, 1oll4 a y.
The market for Southern securities was without
important change. The demand ut present runs
largely ia the Louisiana bonds account OF reports
that the Treasury has been successful in collecting
money to pay the interest on the state eight per
cent bonds the coupons OF which are payable In
March. The letter announcing these facts also states
that one-ialf the taxes so collected viii he set apart
for the payment OF the coupons the evee skies
which mature May 1. The market was weak on the
North Carolnas but strong Tor the rest Of the list
average advance Of u to * per cent. Prices cIosed
Tennessee, coupon, 66ts 81; do., new, 06 a 65ia
An 6Urt EQ
= 571z; do, new, 81 62h; do registered stock,
6oi& 5oal Georgia skies, so So: io. sevens 9a,s
a9sA; North Carolina ex coupon. Ok a 81; do.
new 81 a aoh; Missouri skies, s7h q s7A; do,
Hannibal and st. Joseph. s71s; Louisiana siXes 30
IL: do. lcvee sixes 65 &C; do. levec eighs, So o
~: Alabama eights, 93tz 9its; do. nves, 651S Co.
10. SKIES, sterling. so IS; South Carolina slxes
n a ~; do, Lew, SO u 20: do. registered stock
~ q 65: City OF Memphis sixes 501E Il 81; CITY OF
Atlanta eights - so; City OF Savannah sevens,
90 81; City Of New Orleans consols rs so
do, do, railroad issue, 10 72: Mobile and Ohio
sterling, 65 a 6s; do eights, SO 81; Mississippi
Centra. Railroad first mortgage, 60 20; d. second
mortgage, So IS; Memphis and Charleston first
mortgage 30 Of; do, second mortgage, 10 a II;
do, stock, Al as; Greenvle and Columbus Rai-
road, guaranteed, SIS q IS.
The following were the bids Cor the city bank
stocks at the regular board:-New York. 1853;
Manhattan, 40: Merchants l,5: Mechanics, l2e:
Union, l26: America, l45 Phenix, LOG; National Ill:
seventh ward. liz; State Of New York. ia: Com
luerce. l22: Chatham, las; Bauk Of The Republic 49,
Bank OF North America, 1885, Hanover, 1907 Metro
pclitan, 1905 shoe and Leather, 1s0; Corn Ex-
change. l27: Continental, 99i4; st. Nicholas 10;
Marine, l5i: Importers and Traders l2s1s Park
1856; Central National 10g: Fourth National, Io3;
Ninth National, Ill.
y,na navd rf urok
nftcr very stormy time made some proffers toward
completing their organization. The name finally set
tied upon Is the National Stock Exchange. Tne
committee submitted the new constitution aud by
laws, together with report nominating certain
gentlemen TO the proposed high salaried Offices.
The latter document was the occasion OF consider
able excitement One OF the committee inrimated
that his brethren had so arrangal 1t AS to divide
these Offices among themselves. 1t was re-
ectcd by a large vote. The constitution was
then adopted, except Us to the parties calling
for immediate election OF officers and
fixing their salaries. proposition 10 hold the eec-
ton next Saturday was then adopted ana tclers
were selected 10 inspect 1t. Mr.. James Fisk, Jr.,
present and aprominent participant In the pro-
ccedinvs particularly during the proposition post
pone the choice OF officers the list submitted by the
ring" in the committee being opposed to his patron
age OF the new board Although the meeting today
was quite distracted ana turbulent. II was evident
that the movement for a new board does not lack
force. The prospect Of third stock Exchange In
Wall street Is therefore quite certain. An evening
paper says,
That there should now seemingly be room for
another stock board shows that the spirit OF spccu
atlOn bcgotten ~ the is nv no means quencheu
Men are sllll tempted from the long though sure
road 70 wealth ana resort ~ tire wheel OF fortune.
Though the chances are al against them, the fact
thai her and there one has proved successful Is suf
ncsent 70 lure them or. asa consequence heir bust
nsss habi's nac me unsettled, 4 ioye OF morbd
element Is acquired and too often they
degenerate physically as vel as financially.
One board could very readily perform all the
legitimate transactions IN the way OF buying
aud selling sOcNs. and tue belief has prevailed Tor
some time that the two present boards woull ulti.
matey be consolidated INTO one. There are. ri the
least calculation, o thousand men employed m one
way aud another upoa Tie street VINO derive their
maintenance from tife speculative mania. How
much more satisfactorily and probably woul1 this
large body OF individuals be employed were they TO
engage In regular business pursuits and vocAtions.
The sure and unv road to permanent success and
prosperity IL to be found IN active, steady ami per-
sistent employment OF one kind or another Ind
viduas, like nations can achieve permanent wealth
only by proper and healthy exercise Of tho iacul
Ties given them.
The stock market was steady at the opening. ami
In the presence easier money and large purchases
to cover short sales induced by the recent decline
underwent a sharp upward reaction. Pacific Mail.
after declining to los also turned with this tide aud
TO 107 I0s's. 10 ~ snrmAel that the clique
who 30 Drmly sustained tho various markets have
temporarily abandoned gold ara directed their at
tention TO stocks. New YORK Central closed at 1881
o 1881 and Michigan Southern at 9lJs oih. The
market was buoyant and tho bulls" cheerful at the
changed aspect Prices closed a. follows at the last
regular board-Canton 5oX %; Cumberland 70 a
49, western Union, 3es n 90 !: Quicksilver 22h a
22H; Matposa, ag; do preferred 2s 2stx; Pacific
Mall 1loh l1oJs; New York Central, i0t 1917;
Hudson River, Iy5S l3ds; Harlem, l35 lsS;
Reading, ~ o2A; Michigan Central. 1l6 i1p:
Michigan southern, s5% o3x; Illinois Central, 143
ia5 pittsburg, 93,t 9o,s; Northwestern, s2a n
s2E; do. preferred 90 q ook; Cleveland ana Toledo
ioi a ioiis; Rock Island, 1904 a l27 81. Paul o5 a
c5ia; do. preferred 76Js 77il; Wabash, G5 85if
do. preferred. II TX; Fort Wayne. NIX Q 1I7ys;
Oho and Mississippi, 33x o 33k.
Prices clnscd "a follows at the last omen hnnrd..