The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-04-10

nominal quotation for prime bankers sixty day
sterling bills los, but sales took place at 1915
and doubtless some at 1914 out or second hands.
Rates ranged as follOws-SterlIng sixty days, COM
mercial lo7 a 1919; good to prime bankers, 1915
q l0S; short sight, 10S}S q l0SS. far1s sixty days,
5.2715 52l]l; short sight, 52l1l 5.lsA; Antwerp.
5271s q 5.21i a; switzerland, 5.271s 5.214; Ham
burg, So a 351,; Amsterdam, 395s 40; Frankfort,
40 405s; Bremen, ia IS; Prussian ihalers, 10
7o7l.
Governments were very buoyant at the opening,
the 62's selling as high 1905. Later in the day
there was yielding for this issue, but the other
dates firm, old 65's ranging high as 11716.
The struggle between the rival houses still continues
The following were the closing street quotations this
evening:-United States skies, 1881, registered,
115I 1l6; do. coupon, l16 1l6id; DO. five
twentes, registered, f10924 10; do. do. coupon,
1862. 1875 l20; do. do. coupon, 1854, 115 a
1151; do. do coupon. 1865, III ll7h; do. do.
coupon new 1865. 1l3 1875; do. do coupon. 1867,
l13 1875 do. do. coupon, 1865 1884 1137s; do.
tenforties, registered, 1913 105; do. do coupon,
1861 1857; currency bonds 1888 l0A
The money market to-day worked with greater
ease up to the close OF banking hours. The earliest
rates call gold interest and 80 "nat," after
which there was hardening to 1-16 the prevailing
rate up to three o'clock Just alter this hour, how
ever, those who Lad not made good their bank ac-
counts became rather uneasy, but were accommO-
dated at q and interest Commercial paper was
little more active and sales of prime double names
were made AZ rates ranging from ten to fifteen per
cent
The stock market was az one time to-day SWIM
mingly buoyant, hudson River leading the van and
selling at 100, equal to 15i is just ex-dividend.
Harlem also was active. Both stocks were higher,
in expectation OF the passage of the consolidation
acla tt..p IA ytda tn
lie them with New York Central, as foreshadowed in
this column several weeks ago. Central was heavy
despite the passage OF the scrip capitalization bill in
the Assembly. II opened at l644, sold down 10 1925
and rallied back 1857. The COinmodOre's
friends are determined that the legislative rings
shall play tricks but shall pass the scrip
bill and the consolidation bill and kill the
pro rata bill before the stock shall be allowed
10 Jump Pacific Mail sold up 10 81 Chicago and
Alton was ouoyant and higher. The feature after
Hudson River was st. Paul common, which advanced
to 20. The preferred active, but not much
as the common. The Northwestern stocks were ir-
regular, but generally lower. Ohio and Mississippi
was buoyani. Hariposa preferred took sudden
stride forward, selling az high as 3eat. Western
Union was steady in the vicinity OF AK. The recent
advance In this stock attributed to the expectation
OF a three per cent seni-annual dividend; but the
directors say that the monthly purchase and
collation. OF $50 COO worth OF bonds stock, well as
providing for the sinking fund may not enable them
to declare this percentage. The following were the
closing quotations OF the last regular board
Canton 59I 10: Cumberland 80; Western Union,
AZ. al1}s; quicksilver - q 22t,; Mariposa, 1854
10; DO. preferred. 3jJs Sc: Pacific Maj, s3i
9s3s: New York central 1854 1875; Hudson River,
1864 147; Reading o.. $3.50; Michigan Central,
1le 100; Michigan Southern, ~; Pi'tsburg. 9OS
"A in-
95E; Lake shore. " e5ia; Rock Island, iJl I3l;
st. Paul, ISL a ~; do. preferred So. $50: Wa
bash, 691 ,O do. preferred, 10; Fort Wayne, iIl
49,; OHIO aud Mississippi, 33 "a 33is.
The following were the closing quotations OF the
last open boart-Canton, 53ll 90; Cumberland,
S5i4 Wells, Fargo Co.'s Express, 81 31si; Adams
Express, j3ss 10; United States Express, So,
5sJ,: Merchants Union, 10; quicksilver. 2lei a 2s&:
Pacinc Mai, 93i. 49,; western Union Telegraph,
A5a ilsa; New York Central, 1885, iC37s; Mari
posa, IS. q 49,; do. preferred. 80 81; Hudson
River. it7t, Harlem, 1873 a l10: Reading e3lt a3I:
Chicago and Alton. 49, bid; Alton and Terre Haute,
81. bid Toledo and Wabash, esll Gos. do. pre-
ferred, IL ssbd; Milwaukee and St Paul. 7sss
s9i do preferred, So. S5s.; Ohio and Mississippi.
$50 4 S3ls: Fort WAYNE, l3iA; Michigan Central,
lis bid; Michigan southern 967. o.: Illinois Cen
tral, lS9; Cleveland and P,tsburg, 9ojs a $685. Lake
Shore o. 91'E; Rock Island, 1905 a lJ05s; North
western. si'i q $40; do. preferred, $685. e6's.
southern securities were steady, with less bonds
Offering. The savings banks were nquiring for
Georgia seyens and Louisiana sixes and levee eights
Mo bic and Ohio sterlings were 6rm Prices closed
Tennessee, eN coupon. % 6s 40. new, q
6jh; do, i've per cent IS 81; Virginia, eN
coupon, 5Gs 81: do, new 50 81; do, registered
stock, IS iSi4; do, registered. 1885, ~ 5l do,
registered 1867, IS 40; Georgia SKIES 81 Sc; DO.
4evp Z. "A I'm
Georgia, 81 30; North Carolina, ex coupon 20 CO.,;
do new. GA 54h a; Missouri SKIES $. s,si: do,
Hannibal AMI It. Joseph SIS bid; Louisiana skies,
II ~; do. ievce SKIES 10i4 IL; do..do. Fights,
50 sI Alabama Fights, 80 9gS; do. fvcs, 81 20;
do SKIES sterling % bd South Carolina SKIES, u 20:
DO new 20 n; DO. registered stock, SO os; City OF
Memphis SKIES 81 51is; do. Atlanta Fights ~ d SO:
do. savannah sevens, VI a %: 90. New Orleans
consos, Is 7g do. d. issued TO railroads. 81 a 20;
Mobile aud OHIO sterling 20 IL; do. Fights, 81 a 81;
Mississippi Central Railroad nrst mortgage 7oa II;
do second do. 80 3d. Memphis and Charleston,
first, 90 oi do second 70 II; do, stock AZ IS:
Greenvine and Columbia Railroad, guaranteed.
So IS.
The following curious snd interesting views nre
rom the ST. Louis Republican OF the 9Th nst.:-
The inttgiate relation Of our financial with our
produce market Will be sufficient consider
the present strngency I'm the Eastern money market
with the depression in rates OF accomno dation in
bank ana ON the street, In Cincinnati aud at ST.
Louis. primarily, ". Louis and Cincinnati depend
rather uron the southern order trade tnap upon the
New YORK export demand for articles OF Western
produce. As we.have before noticed, the direction
Of trade is changing. Ten years ago New York ex-
ported everything. ana the south imported every
thing. The southern planter, depending upon
slave labor, and careless to the future, looked
solely TO his agent or factor for his sales
OF cotton % an Offset TO his luxurious tastes, ana
dreamed not that the prosperity rested upon his
creation of balance OF trade between Europe and
America. Since the war the change from slave 10
Tree labor has led 10 changed relations between the
East aud the West. American cotton no longer looks
for u market IN England. The southern planter no
longer looks 10 Europe reservoir from which 10
draw the means Of perennial cnjoynlent Necessity
demands The means OF subsistence. and the lack OF
compulsory labor cOmnels individual energy Ihus
u happens mat the current 81 traje iurns naufay