The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-01-13

was duly reelected in the stock IN arket, which was
Strongest just at the close Of the days business.
Gold was dun between the figures 1854 and 1851.
The range OF price was as follows:-
1850 4: M....... ls5A az M............. 1864
a M........... 1904 r M .-...-..... 1861
AZ ............... 1867 1880 P. M.......... 1851
The gross clearings were s4s 1000, the gold
balances s2.lo8o3o and the currency balances
!$20a4,oeo The carrying rate ranged from seven to
mine per cent and to 1872. The Hamburg steamer
took out $4,000 In specie. The ballot OF the mem
,bers OF the Gold Exchange was in favor OF
'tinuance or the practice Of powers Of attorney.
The market for government bonds opened steady,
sbut under the pressure OF speculative short sales
accompanied by the greater activity OF money,
prices had declined an average OF about u at the
two O'Clock board. The relaxation in money after
hhree O'Clock produced Q reaction, and the market
Rt i've O'Clock recovered strength with the following
luotations:-U States skies, 1881. registered.
plok Ill; do, coupon, liz q 112H; do, FIVE
fwenties, registered, 10S 1OSM; do, coupon, 1862,
p12x 1l2h; do, do, 1854, 10SH q 109 do, do,
gSoS 1925 1091s do, do. new 1855, loSXla 10S15;
no., d. 1867, 1851 10Sk; do, do, 1858, 1881
hoo; do, tenfortics, registered 1887 l0l; do
pom, 107 lo7A<; currency bonds, 1907 1OoA.
The stock market was tame and lifeess, even as
compared with the previous day. business at the
boards was quite small and hardly suniced to make
at the decline OF the previous day. The market
4henceforward and until after three O'Clock was
without decision one way or the other. few OF
lthe list ftful and vibrated within compare
lively narrow limits. The closing quotations OF
the last open board were Observation-Disclosures
al; Wells Fargo Company's Express, ISL 2e,s:
american Express sS q 40; Adams Express, 4sh
NsX; United states Express a. q 43}s; Merchants
Union Express, l3ts 1917; quicksilver 81 bid;
Az. Ia. ia
20 bid; Pacific Mail, 1885, a 1239S; Western Union
Photograph. saH "a; New York Central, 1856
p5oh; Erie. 3si< 3sH; do preferred, 81 q Ga;
Hudson River, 1917 1929; Harlem, 1919
. l32; Reading, 93H 94s; Chicago and
ALTON, IsS1 $50; do preferred 149 bid; Bankers
land Brokers', 1o1 1O2; Alton and Terrc Haute. pre-
lerred, 81 o.; wabash, o21s So; do. preferred,
p93 10; Milwaukee and St. Paul, ~ TX; do.
iprcferred, e03. q cox; Fort Wayne, 10Y 100;
Ohio and Mississippi 33k ss5s; Michigan South
ern, oox o0zS; Illinois Central las IA; Pittsburg,
ssx a 81; Toledo, 1857 q 1ol; Rock Island. 12sA;
northwestern, s2I; do. preferred, s6ss s6x.
!. Tho easier feeling In money after the close OF
banking hours was soon felt. the street after the
boards aud prices Of stocks reached the highest
the day. Toledo led the list and touched 1906 but re-
ected from this figure In subsequent transactions.
Sne closing street prices at quarter to six O'Clock
this evening were as follows:-Pacinc Mall, 1885,:
New York Central, 1861 157; Erie, 3sil; Reading,
OK; Milwaukee and st Paul, 72,i; do. preferred, 81
e92K; Fort Wayne, 40 12ol4; Ohio and Mississippi
33X "a; Michigan Southern, Ola slh; Pittsburg,
ssx; Toledo, lo4K 1o4K: Rock Island, 127h;
Southwestern, s25s SO; do preferred, s7k 1878.
4. Tho directors OF the New York and New Haven
@sAilr0ad Company have determined to issue
4a.0OO,Ooo new stock being one share Of new for
every two OF old stock held by each stakeholder
The new stock will be issued ut three p. NJ, the
6th OF March next to such az shall elect to take II
and pay SIS on each share on the LIST day OF April
next and the remaining SIS when called for by the
directors.
Foreign exchange was nrmer, with the following
Quotati ons:-London prime bankersY, sixty days,
10ox 1oox; London prime bankersr sight, 110sS a
110k: London, commercial, 100 109H; Paris, long,
6.1sk 6.15; Paris, short, 5.13x 5.l2I; Antwerp.
D.17k a16k; Swiss, 5.17k 5lex: Hamburg sc a
ask; Amsterdam, Il aAK; Frankfort, Al u Ak;
Bremen. 7sx 7szs; Berlin, 71I 81 lx.
= The bids for the city bank stocks ct the regular
board were ~ folows:-New York, l34; Manhattan,
olo; Merchants, 100; America, las; Phenix, los;
pdechanics' and Traders, 1885, National llo Seventh
Ward, Ill ;Sate Of New York, Ill: Commerce. 1904;
Gechanics' Banking Association, lol; American Elk.
change ii4k Bank Of the Republic, 40; Hank Of
North America, 1oSk; Shoe and Leather, 1875; Corn
Exchange, 100; St. Nicholas, 10s; Marine, $50; I'm.
horters' and Traders 127; Park, 100; Central Ma
bional 1906; Fourth National, lol X; Ninth National,
hos; Tenth National, os.
/ the market for Southern state securities was
steady, with less doing. A good investment demand
- reported. The closing prices were as follows-
Tennessee, OK coupon, 6s q 90; do. new, e7h 90;
Virginia, ex coupon, 65k a65R; do, new, SIX IS;
Georgia skies, 7sk q 70; do. sevens, COX 81;
Missouri SKIES 81 SIX; Louisiana skies, old, 72,
"a; DO ievee skies, e7k o 67x; do. eehts ievee,
Tx Tsk; Alabama Fights, 81 . SIN; do. nves 81
q g; city OF Memphis skies, 60 5I Mobile and Ohio
Railroad sterlngs, 81 . 60; do, interests, 40 q A;
South Carolina old bonds, os a II; do. new, % 65
The state Treasurer Of North Carolina in his report
20 the Legislature, submitted the 9th inst. says
with reference to the default In paying the January
interest. that every effort was made to borrow the
money needed about s305, 900, both In North Caro-.
lima and in New York, but without erect The only
power In addition to the general credit Of the state
given him BY the General Assembly, under "An act
20 authorize tho Public Treasurer 70 supply tempo
rary deficiencies in tho treasury ratified December
FL, 1858, was 70 pledge the same amount from the
taxes first thereafter receivable. The same power
was conferred under IAN act TO provide for the
payment Of the interest OF the lawful debt
Of tho Statc,n ratified August 10. 1893.
He could not induce capitalists to consider
this pledge sunncient because no tax bill
had been passed adequate to the emergency. The
fevenue act in force was only calculated to produce
about 100000. A. Of course the State government
must DO supported, requiring more than this