The New York herald., 1869-03-23

Foreign exchange was nrmer to the extent OF one
eighth Of per cent for sterling bills. The with
drawal OF the pressure to sell by the foreign houses
and the greater demand from merchants renting
for purchases Of imported goods, have combined TO
effect steadier market Rates closed as follows:-
cable transfers, 1osk; sterling, sixty days. CON-
mercial, 1o7K q 1osh; good to prime bank
srs'. 10sA . 10sh; short sight, 1oSX 100; Paris.
sixty days, 5.23A 5.ls; short signt, 61ss< s17s;
Antwerp, s.2ax 6.211; Switzerland, 6.cssl t.1sa:
Hamburg, a5,s a5ss; Amsterdam, 3o,s 40is:
Frankfort, 10 q 4os<; Bremen, Tx 7slS: PrusSinn
thalers, 70x 71k.
There was great excitement In the stock market
over another breakn in New York Central and Pacific
MAIL the former declining to 1894 and the latter to
sSk. In the case Of the Pacific Mail the 'rop'swas
through continuation Of the depressing Influences
which have long been operating upon this stock.
The yielding OF New YorE Central II the beginning
Of war to be wagsd upon Commodore Vanderbilt
By the Legislature for his shabby desertton OF the
Erie bill at Albany last winter and for his silent
tempt Of that body this winter In not going up to
ask the leGalization Of his scrip dividend and au-
thority for ts conversion into stock. The form which
the opposition viii take II not definitely KNOWN but
It VIII probably come In the form Of sweeping pro
rata freight bill such ID tho general impression In
the street, where HUDSON River, Harlem and Eric
Win necessarily apply to al tho railroads In the
state. Much uneasness u felt among operators AZ
70 the policy which they should pursue In tnls cam
paign. n they 60 sshort" with the legislative
..ring, they fear .ewist" such a. the Commodore
administered in the Harlem corner. On the other
hand It II intimsted that the Commodore "got outs
of his stock long ago. in anticipation OF iegsla-
tive hostility and that u II only supported
by outsiders. The small fry operators. the minnows
VINO have swum In the wake Of the Commodore dur.
Ing his great operations are frantic TO know the
truth OF this rumor. The decentralization produced
by this decline affected the rest OF the list and in.
ducsd . yielding more or less marked Even the
Northwestern stocks were not equal to the work OF
resstng the dropping tendency OF the hour, and the
common SOLD down to So. A the day progressed
and the cause OF the decline was fe be these two
stocks there was . disposition to cut loose from
them Later in the day, with An easier feeling
In money, which was in good supply at the le-
Gal rate. this disposition became resolute, and
she rest OF the list scvering the connection began to
risa Tho covernGr Of the short interest In Central
and Pacific Mail also caused . reaction in their
pricea The following were the closing quotations
ON The call at The last regular board:CantoD, SO
sex; Cumberland, "a sIk; western Union, 80 a
sax; Quicksilver, 1ok aoX: Mariposa IS 1875;
10. preferred 34k 3ak; Pacific Mail ssk . 50; New
York Central, 15tx . 1s4x; Hudson River 1s4 lso;
Harlem ise 1s7xj Reading o. . e1k; Michigan
Central, lit lis; Michigan Southern, o5x s5y,
Illinois Central, 13s o ll1; PttsburR, 40 81,
northwestern, ssk . ~; do. preferred. sIx Oh
Toledo, sbek 1865; ROCK Island. l2s 12sx; st.
ysul, % . eok; DO. preferred. 7sK 7sk; wabash,
ssx . "; 90. preferred. u - Fort wayne. iIsx
aIIsx, ohio ana Mississippi, sox q aa2k.
1hs following were the closing prices - the