The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-02-18

Foreign exchange Is still unsettled and the market
without steadiness in quotations. The bills drawn
against exported bonds keep rates Irregular their
amount IL 20 great extent matter OF uncertainty.
Cotton nils are comparatively scarce, and the de-
cline IN the staple al London is likely 10 keep the
supply limited. Rates ranged to-day az follows
Sterling, sixty days, commercial, los losss
good to prime bankers, iosh a 1857; short sight
Ios loeS. Paris, sixty days, s.2li4 S171s short
sight 5.l754 a.leh; Antwerp 5.2lis 5lTs; swift
xeriand, 52lk b.l7h; Hamburg a5s Ss5s; Am
steram, 4ossa 4os; Frankfort, 4o5s 4oas; Bremen,
1sx 7sR; Russian thalers, 7o1sa7lls.
The money market active IN the early hours OF
the day owing TO the anxiety OF borrowers 10 make
their engagements, aud the rate on call loans
ranged from seven per cent currency 10 gold inter-
est with exceptional transactions al seven currency,
Plus commission. Later In the day money war
abundant 9t seven per cent. but not in excess
Of the demand. that no transactions are
reported AZ anything below the full legal rate.
Commercial paper was less active, and dealers
disposed 10 advance the rate correspondingly with
the tirner rate IN the money market. The higher
figures are not IN any attributable TO disrrnst
Of mercantile houses. but 10 the greater demand for
money among stock and gold houses Prime names
running sixty days to four months. are quoted at
ciyhi 20 per cent discount. Longer paper, with
names less known, sells al from nine to twelve.
the stock market opened with % reaction after the
decline OF YESTERDAY but failed 30 sustain itself A.
the day progressed, especially when The further de-
cline Of Pacific Mail exercised its influence Attic
meeting to-day the directors declared dividend OF
tbrec per cent for the quarter ending January II,
payable March the books 10 close the ooth inst
Those VINO pretend TO have had inside peep at the
meeting say That the surplus ranges between si7ooo
ana 100000, and that in making mp the accounts
the Jerome stock was put down at par.
The street was not az all reassnred by these
iacis and the price slowly fell l07X the stead
meas Of the decline being due to the covering by the
shorts At each stage OF the fan. New York Central
sold freely at leo and In few instances at 1871.
Rock Island declined to 1857. The closing prices at
the last omen board were as folowss-cumberland
8ba 81; Adams Express Company. s33s G3&; Can
ton, 80 a 5ss<; Pacific Mail, 1885, lOsss: Western
Union Telegraph, sei1 3e,.; New York Central
1903 1905; Hudson River. ls5 1861; Reading
gl4 ola; Alton aud Terre Haute, 371s 3e Alton
and Terre Haute preferred, csA bid: Toledo aad
wabash, e54 e5h@; Milwaukee and ~. panl, 81 a
c5%; Milwaukee and ST. Paul preferred TIA ~
Fort Wayne, li7l ll7k; ONO and Mississippi So
sss.; Michigan Southern sRI s2z; Cleveland
and Pltisburg sgss o s9k; Cleveland and Toiedo.
1885, lo4; Rock Island I2oJs 1855; Northwestern,
sl7s 81; Northwestern preferred. se's 90; Mari
posa, s BID; Mariposa preferred, 2ss q ASH; Lake
Shore, 1914 bid.
The market was stu lower after the boards, ir
sympathy with Pacific Mall but at the close there
was tendency In the general list TO cut loose from
this stock and while touched the lowest the others
reacted a fraction.
The Independent Board OF Brokers will meet to-
morrow Thursday at No. "a Broad street. st three
O'Clock 10 take further steps the matter OF or2ani-
zsiion.
southern securities were steady except for North
Caroinas, which were on 70 per cent Prices
closed Tennessee, coupon. oT1s a6'sl; do, new,
so1 90 lS; virginia coupon, 81 57Js; do, new,
~ s2Js do. registered stock, cox 81; Georgia
sizes. VI W; do seyens. 92k o.; do
Seyens, interest payable In Georgia IS 20
Moth Carolina, cx coupon, o. q s2h; do, new,
sph 90; Missouri SKIES, s1}k 81 40, Hannibal and
IT. Joseph, az: louisiana skies, 20 . n; do level
sizes "a a ss; DO eves sights, 81 . ~; Alabafna
eiuhts. pss q %; DO DYES, ebk 90; do. SKIES,
sterling. so ss; south Carolina sixes, ~ -:
do, new. 10 an; DO, registered stock, o. 90;
City OF Memphis Sizes, 81 . %; CITY Of Atlanta
elghts, rs 40; City II savanuAh sevens, 50 20;
city Of New Orleans consoa, " 20; DO, railroad
lssue 70 n; Mobile and OHIO, sterling, "a as; do
ewnts. "a q So; Mississippi Central Railroad, ara
mortgage. es 70; DO, second mortgage, 81 81
memphis ana Charleston 6rst mortgage, - ~;
10, second mortgage. 70 n; do, stock, ~ ~
GDenvnlc sDd ceumbia Railroad, guaranteed 81
ae.
Tpe receipts for customs and the receipts pay
ments suo balances st tbe sphyreasury In Ibis GU