The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-12-19

Decrease In deposits Observation-Disclosures. 1906 34i
Decrease IN legal tenders. 2,072 1853
The banks now hold S2l.ose 42a in excess OF the
reserve required by law, which Is decrease for the
week Of S1,43s,3ss.
Tie money market was easy at seven per cent
the highest rate Of the day all classes or collate
rails. Borrowers On government bonds and some
favored houses with stock securities were accomo-
dated as low az six per cent. Discounts were
less active owing TO growing feeling OF
dlstrust begotten OF the efforts to intensity
the effect OF the failures. The stock ana gold
jobbers VINO interested In this despicable work
or unsettling public confidence are industrious IN
parading the number of these little failures which
occur every winter. Statistics show, however that
more numerous as have been the failures this year
the amount involved In them has been less than the
losses in 1865. Prime double name acceptanccs
were current at nine to twelve per cent with excep
tons at eight and thirteen The distrust was more
visible in single names for which there wider
range-viz., from ten to twenty-four per cent.
Foreign exchange was weak az yesterdays quota
TONS the market being dull after the steamer. The
cotton exports OF the week were 10000 bales in
of last week. while the total exports so far are
cover ZOO, 900 bales in excess OF 1868.
The gold market opened firm, but gave way event.
ualy to 12oA which Is the lowest point OF the year.
The speculative sales for decline have been unusu-
ally large, the clearances at the Gold Bank to day
reaching sos 600 while the demand for cash gold
was SO urgent that borrowers were compelled to
take as low as three per cent interest on the cur
rency collateral advanced by Them Much curiosity
continues to be manifested as to the policy which
WIN guide Secretary Boutwell, in disposing OF the
three millions advertised to be sold next week, and
tue market is generally feversn. Towards the close
Of business this evening the price was firmer and
transactions took place alternately at I2o3a and
1908. The stock market sympathlzed closely
with the decline in gold and the whole
list, with few exceptions, again gave way,
particularly at and just after the last session the
Board, when the uniavorabie character Of the bank
statement had in some way been anticipated. Curl
ousy enough after the statement mad been regularly
published the market became stronger, ana 1t was
strongly suspected that the "bears" trying to
their speculative sales. For some of the more
active OF the day the recovery from three
quarters to one per cent upon the lowest quotations
Southern securities strong particularly for the
bonds OF the States which have steadily paid their
interest," ana the investment demand Is grad
ually making decided discrimination In the
favor OF sucn issues. The market for government
bonds was heavy and lower the CTS. az the close,
touching l13N, which was the lowest point OF the
day, the market retaining its weakness even after
gold had become hrmer. The foreign prices to-day
gold The closing street quotations were as fol-
iows:-Unlted States currency sixes 1Osa
losa; do sixes 1881, registered. li5 n5,6;
do, do. coupon, 1855 1885; do. dve-twen-
ties registered. May and November, III nix;
do, DO, 1862, coupon, do. li21 lis; do do 1864
do, do, iii INK; do, do 1865 do. do, 111k
111H; DO, do registered. January and July. l10A
llots; d. DO, 1885, coupon, d. lis u 1881: do.
do. 1867 do, do, 1857 ia; do do, 1858. do,
do 1872 III; do, tcn-forttes, registered, 1854
les%: do, do, coupon, losss 1857.
The following were the bids for the city bank
srocks-New York. la4; Manhattan, l42; America,
IA; Pnenix. 10sJ4; Tradesmens, 1862; Mechanics ana
Traders 1861 National, liz; State Of New York. 1os;
Commerce. 1873; ocean. 80; Bank or the Republic,
llo; Bank OF North America, 100; Hanover, 1o9;
Shoe and Leather 140; continental, 101; Common
wealth, Ill; Importers and Traders lao; Central
National 1o9,4; Fourth National, 1o,la; Ninth Ma
tonal II3,l; Tenth National, oO;.Orienta $780, Bank
ers and Brokers' Association 100.
The following the closing prices OF stocks at
the last session OF the Stock Exchangc:--Canton
As q co. Cumberland, 25'a 20; Western Union, 81
s3It; Quicksilver, l4z6 Is; Mariposa ~ a s; do.
preferred ID l5}a; Pacific Mail, AZ AK; Boston
Water Power, 1874 14h; Adams Express, 5sa q
59sS; wells-Fargo Express, 1s}sa 10; American Ex
press So a39I; United States Express, 40 a 400;
New York Central consolidated, So; do. scrip, Tsss n
So Harlem, 1872 1873; Erie, 2o II do. preferred 80
4Oh; Reading, o91s assi4; Michigan Central. I22
bid; Lake Shore, S4s San; Illinois Central. ls2
1929; Cleveland and Pittsburg, IS; Chicago and
Northwestern, 6s. a 6s,s; do. preferred, s1a
sly; Rock Island. lo41 u Io41s; Milwaukee and Sc.
Paul. ~. ~; do. preferred, s4s q s4'i; Toledo
and Wabash, rs a so; Fort Wayne, sly SIX; Alton
and Terre Haute, "a 81; do. preferred, s71s; ONO
and Mississippi, 24k 24i4; Delaware and Lacka-
wanna 100 bid; New Jersey Central, s9's Did; Chi
cago aud Alton, l42; do. preferred, 14oa li3;
Morris and Essex, s4h bid; Hannibal aod 81. Jo-
sepn, los los; DO preferred, 100 100; Columbus,
Chicago and Indiana Central. 20h.
The following shows the range OF the principal
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