The New York herald., 1869-04-14


ON foreign account are estimated at 100000. The
range IN the price was as follows:-
10 A 1924 2P. 1929
10:S0 A. IA. M..........l3.1s 2So p. .M.........I321a "a
iaM ~ iS5s h........'iS5 SP w. iss issss =
12:S9 y. M..........1321s 6P. 1928
12:si r A.......... 1925 $3.50 P. ...1S2% 1s216
+. .W.............l315s
The transactions OF the old Exchange Bank re-
suited as follows:-
Cod cleared ....................... so, 10Y 900
Gou udances ........................ l,O3U0 DAY
Currency balau ces es..................... 2,596067
Foreign exchange was hrmer, and good bankers
sterling bills sold as high lO77s The Welding In
gold as well as the arrival OF coupons from foreign
bondholders have combined to strengthen the mar
Ket. Rates ranged as follows:-Sterilng sixty days
comm ercial, 1O7 107H; good to prime bankers,
10TH lo7x; short sight, 10Sx 10S1s. Paris, sixty
days 5.2z}a SILK; short sight, 5.2lI $50; Ant
werp 5.27H 5.226; switzerland, 5.27H 5.221s;
Hamburg, SIS 35sS; Amsterdam, sos a 40; Frank
fort aeS 4o7 Bremen. 77'S rs; Pr,rssian thalcrs
7o4 FOX.
The none market was stringent at the opening,
and there was q good deal Of "shnning" in parsult
OF funds during the earlier hours OF business. Indi
catious Of artificial influences were not wanting
but they were hard to define or trace. AS high as
an eighth OF per cent per Gay was paid for the
OF funds until tomorrow, but the supply was
better after two O'Clock, when loans were made at
sixteenth and interest There was difference OF an
elnth between 'cashn and Irregular" in early stock
transactions. Just about three O'Clock the market
und rwent sharp change, and money was freely
Offered at seven per cent, currency. 1t seems
tnat several down town banks were the sudden
cipieats or currency from the country-amount-
ing ~ i've or six hundred thousand dolars-which
they were anxious to place at interest night,
and hence lending II the street at and after
three o'clock AS many banks have become accus-
tome,i TO keeping open their customers accounts
until hafpast three and even four O'Clock this
money was available for late borrowers. As TO the
artIc ai influences at work, there Is no doubt that
deliberate attempt was made in the forenoon 10
tighten money, probably through junction OF the
forces OF the cliques in stocks who had un-
loaded Tor "short turn'' and were anxious to get
their stocks back again. and the government bank
ers Who are short OF bonds. The effoct was only
partially successful in the early part Of the day The
marKes had already begun to show signs
OF ease when the banks stepped in with
their large balances. as above narrated.
Commercial paper was still slow, and some
prime names were sold to-day at thirteen per cent
discount, the rate ranging down to ten per cent
for tile best class OF double name acceptances. The
buyers country banks, principally in this State
and E.w England, the investment demand beng
checked by the high rates on call loans which are
not available to out OF town lenders. The number
of transactions limited and the volume OF paper
IN ttc market small Drawers are working econo-
mcay an1 fully up with less accommodation, SO
that where they would in an easy money market
have drawn for certain amount at eight or nine
per cent they are now content with haf the sum at
the present high rates of discount. This conserva
tive tendency on their part prevents an accumula-
ton O. paper In the market
Governments were q shade 'ton'' at tho boards,
ewing to the activity Of money during their session.
The London price coming BETTER s35s, steadIed the
market later the day, when as high as 1l44, buyer
thirty. was bid for the 6ss. There ~ persistent
war De,wccn the psominent banking houses In the
natter OF bonds and two well known firms who are
pitci against each other have exchanged places In
their relative positions, one being "bear"
wmch was formerly "bull" and cice cersa.
1he following were tho closing street
qucirtion1 this evening:--uhned states slxes,
1851, registered 1io q 1le,s; do, coupon, 1854
1l6h do, vetweni les, registered, 1lO 1ioH; do.,
coupon, 1Sca, 100 a 12o4; do, 1854, 1lls1 ll4s;
do 1895, 1i7s INK: do, new, 1866, 1873 1i3;
io 1884, 113S l13k; do, 1868, 1l3% llasl; ten
fortlss, registered. 105 1o5S; do, coupon, Io5s
q 1885, currency bonds 1o3N lo4j<.
Tae stock market was closely re nective OF money
and aeavy until late IN the afternoon. when there
was afcVVM IN Tue luOtatlons, founded upon The
abundance OF funds at the close OF banking hours.
Michigan Southern was firm in consequence OF an
expected scrip dividend equivalent to the assets now
on lsnd and TO be divided before the consolidation
with tic Lake shore Company takes place. MARI
posa pclerrcd sold at S7ls. New York Central sold
down 10 i01, but underwent sharp reaction at tho
close, With the genera, upward torn OF the market,
and sod "a high as 1857. Its baoyancy was
urthornsssted by report that the bill TO legalizc
the scrip will go through the Senate by "og.roling"
combination with the Broadway Railroad bill Tho
following were the closing quotations Of the last
regular board:-Canton, 50js 90; Cumberland soX
bid; western Union, 40S o 4o{; Quicksilver. ala a
22h; sariposa. 10 20; do. preferred, 31z bid;
Pacific Mau, ok o2iS; New York Central, 1929 q
102a Hudson River la o 1is5s; Reading, e2,s
e2,z; MRbigan Central, Ilo bid; Michigan southern,
ok q 81; Illinois Central 100 bid; Pi'tsburg, DO
oojs; Northwestern s3ss sSys; do. preferred, e5ia
e5 "; Ibck Island, 13ik 1872; St. Paul. u NIX;
do. preferred. "a sIii; Wabash os5s 09: do. pre-.
ferlrd, az asked; Fort Wayne, 100 132; Ohio and
Mississippi, a2tS a a2li.
Tho IoSwnV were tao t;esin. quotations OF the