The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-09-01

u, the whole matter Will be conducted with the dark
lantern secrecy that shr0uded the declaration OF tho
eighty per cent scrip dividend last winter, and the
street will be treated to the usual contradictory and
confusing rumors until 1t suits the powers that be"
to the agony. That fertile OF specu}a-
ton consolidation" should be suddenly exhausted
IL not the experience OF the past consolidation"
may keep up the Central drama for some time to
come. One thing seems certain, however: Treasurer
Worcester has prepared the statistics on which the
terms OF consolidation are to be made. The whole
scene has shifted from Saratoga to New York, and
the fate OF thousands OF dollars now at stake will be
settled nearer Wall street. Next to Central, perhaps
equally with 1t, Hudson River attracted interest,
and rose to 1857. Next in point OF attraction was
Reading, which rose to Oh. Michigan Southern
was heavy. and at one time went or to 1O5K,
Northwestern also declined with the early
sortie on Central, but recovered late in the
day. The directors Of tine road will meet tomorrow
for the purpose, among other things, OF eecting
new president Of the company, which position was
vacated BY the death of Mr. Keep. Erie, on the
strength Of rise in London, advanced from 32X to
S4< but fell Oh to 34ss when 1t recovered again and
closed ut 34h. The dealings in 1t were again large
and one block OF 5000 shares was recorded at 34h.
Rock Island was strong but steady 1t Is asserted
that the passenger business. Notwithstanding the
duness OF the season. has been on the increase and
is now heavier than ever. The earnings for the
month Of July were s44O 300, showing an increase OF
$os415 over the corresponding period last year.
Forty additional miles Of road have been opened
this year. st. Paul, I'm the morning de-
cline went of to 1874, but recovered to TEX.
The following the closing prices at the last call
OF the Stock Exchange;--CantOn, SO; Cumberland,
80 "a; Western Uaion, 371s 37H; Quicksilver,
14h 15a; Mariposa 0; do. preferred IL 1871;
Pacific MAIL 79x .9al; Boston Water Power, 13,k
bid; Adams Express, So bid Wells Fargo Express,
10 10h; United states Express, 626 q 631s; Mer-
chants Union Express. IL bid; New York Central
100 1895; Hudson niver, 1872 4 1888; Harlem l59
1907 Reading, 96i4 901s; Michigan Central, 1913
1917; Lake Shore, 1857 1855; Illinois Central,
1877 1879; Cleveland and Pittsburg, 1O6h 1907;
Chicago and Northwestern, S37s q S3l6; no. pre-
ferred, 93S a "a; Cleve and, Columbus and Cincin-
natl 70 a so; Rock Island, 114R 114%; Milwaukee
and st. Paul. 7sA ,S1a; do. preferred. s7S as74;
Toledo and Wabash s24 $50; Fort Wayne, $50 a
80; Alton and Terre !iau,e, "a 36h; do preferred,
90; Delaware and Lackawanna, 1l3 bid; New Jersey
Central, 1861 1O7, Cnlcaao and Alton 1856; do pre-
ferred 154 bd Morris and Essex, So SS1z; Hannibal
and st. Joseph, 1921 LIS; do. preferred, 12lx
124; Columbus, Chicago and Indiana Central IS.
1t is reported that o full corps Of engineers has
been in the field for several months on the line of
the Memphis, Epaso and Pacific road, in Texas,
making the final location Of the line and laying OF
and experimenting the work now under contract.
A large number OF men are actively at work under
able contractors on the first division OF $50 miles,
which Is under contract to be completed by March
i, 1870. The iron, spikes, Plates &c. for the first
nfty miles, also several Of the finest and most power.
full locomotives, have been purchased and paid for
ready for shipment to Texas.
Proposals were opened to-day by Comptroller Con-
molly for the whole or any part OF the sum OF
$780, Of "City Lunatic Asylum STOCK" authorized
by chapter SO, laws Of 1869, and by an ordinance OF
the Common Council approved by the Mayor July 20,
1862 The stock Is to be issued for the purpose Of
providing additional buildings for lunattcs In this
city, and will bear interest at the rate of seven
per cent per annum. payable on the first days OF
May and November III each year, and the principal
TO be redeemable August l, 1889. The bids ranged
from par up to lO3.1o. and for total OF nearly
one million and q half OF dollars Although this Is
the third loan placed In the market by the city during
the year the metropolitan credit Is sound that our
bonds readily find purchasers who are willing to pay
. premium for the investment
Under the bullish speculation at the Stock Ex-
change there was better demand for money, and
the rate to borr0we on call ranged at six
and seven per cent, with the majority OF
stock loans at the latter figure On govern
ments the rate was SIX with exceptions at
i've. Commercial paper was dull and rates remain
ed unchanged. Foreign exchange was dull, weak
and lower. The range Of quotations was as fol-
lows:-Sterling, sixty Gays, commercial, 1OSI a
109h; good to prime bankers, 109A 1922;
short sight, lO9H 1895 Paris sixty days, $50
o SICK; short sight, $40 5.13X; Antwerp, $40 q
SICK; Switzerland, o.20 5.l6A; Hamburg, 35h q
855S Amsterdam, 40 a 4o3i; frankfort, 4os 4OX;
Bremen. rs 1874; Prussan thalers, 70h a IN.
npuar mt hpn "a
portsnt feature. The currency SKIES have come in
for large share OF attention lately and sold to-day
at 11l1. The European market Is firm ana higher
the policy OF the secretary OF the Treasury seem.
ingly not being Known there until to-day
The following were the closing street prices this
evening:-United States sixes 1881, registered
1881 q 1897; do. do, coupon, 123H 1881; do.
nvetwenties, registered. 1874 122K; do. do, cou-
pom, 1882 123x 1874; DO do, coupon, 1854, 1929 q
122N; do. do, coupon, 1865, 1921 a 122x; DO do.
coupon, new, 1865, lli7s 121x; do. do. coupon,
1867, 121K 12lA 40. d. coupon 1893, 12lx q
12lK; do. ten.fortcs. registered, 1l1Js 112; DO.
do, coupon, 115Ia n5t; currency bonds, Ill 4 q
lily.
Southern securities were duh, and for the Tennes-
see and North Carolina BONDS weak. The special
tax bonds Of the latter state broke to 5l The fol-
lowing were the prices ut the last board:-Tennessee
ex coupon, COZ q Ga; do. new, SIX q SIX; Vir-
GINA, ex coupon. SO o5A; do. new, 81
90; Georgia skies, 80 Did; do. sevens, 81 o.;
North Carolina, ex coupon IS 5611; do. new,
As 4sis; do. special tax, 81; Missouri skies, SIX
s7A; Missouri (st Joseph, 81 bid; Louisiana
skies, II ny; do. levee skies, 65S q 90; do.
levee eghts 81 IS; Alabama nves. 90 bid; do
Fights, 90.
The gold market was quite steady under the equih-
brium produced by the equality OF the forces con-
tending on either side OF Tue premium. The ''bus''
have not unloaded aud they are said to be striving
to put the price to figure, from which they can
gracefully drop. Their game Is a desperate one as
every day brings nearer the period OF cotton ship
ments which Is & give the "bcarsp the untold
mower nj natural Iuuuluces for n .ecltno Nm ,bo