The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-12-23
market was as rollows:-


10 A. No.. ........ 120h 3P. M............. 1909
lo:2s A. Men,. l2oas $3.50 p. M. ....... 1903
1850 A. NM. l20h 3:l5 !. M........... III
II A. M........... 1903 $3.50 p. M........... 12lx
Il M............... 1904 4P M............. III
lP. M.............. 1231 p. Al ............. 12o&
n M............. 1903 6:So +. NJ. 1904 12o's
Holders OF gold paid from seven to two per cent
to have their balances Carried over. The operations
OF the Gold Exchange Bank were as iollows:-
Gold cleared. $40. 964, 900
noiu DaianCeS..... l,lOI,ooI
currency balances. Observation-Disclosures. l,36o, ls3
The government bond market was active and
strong In sympathy with the advance in gold, AMI
under large homo Investment demand, doubtless
springing from the desire Of rich men, capitalists
and corporations to convert their funds into govern
ments, by the holding OF which on the 3lst inst
they may evade the imposition OF State ana local
taxation. IL may be remembered that when the
raid on this class OF securities was made month
ago expose OF the designs Of the SPECTATORS
given In this column This plan to break the mar
ket preparatory 10 laying In bonds for carrying
the end OF the year has been eminenty
successful. They have sold their former bonds
at line profit, and are now buying
them back ten to twelve per cent lower.
At the close OF street business the following quota
lions were made for the government distributed
States currency sixes 1854 100; do. skies, 1884,
registered us 1l5a; do skies, 1881, coupon, 1ls7s
vember Ill u 111A; do fve-twenties, 1862, coupon
May and November, 11aH llsh; do. nye-twenties
1864, coupon, May and November. 111I 112; do.
nve-twenties, 1865, coupon, May and November, 1I2
o 1l2I; do. nve-twentes, registered, January ana
July, 11015 Ill; do. fve-twcntes, 1856, coupon,
January and July, 1l43S l14sS; do hvetwenties,
1857 coupon, January and July, 1l4s& q 1l411; do.
fve-twentles, 1868, coupon, January and July, lis
bid; do ten-forttes, registered, 1854 100; DO
f0rties, coupon, 1o9 lo9a.
The money market was easy ut six to seven
per cent. Commercial paper was quiet and steady.
Foreign exchange preserved the flrmness noticed at
the close OF business Tuesday, and under further
demand Tor bills advanced an eighth per cent tor
sterling.
The following were the bids for the city bank
stocks:-Ncw York. 1874; Manhattan, lao; Mechanics
1856; Union, 1913; American, IA; City, 210; Phenx
10s4; Tradesmens, las; Mechanics and Traders
1861 National 112; Seventh Ward, ITO; State Of New
York, LOG; Commerce, 1913; Ocean 81; American Ex-
change, 10; Bank OF the Republic, 119; Bank Of
North America, 106; Comm weaith, 49, Importers
and Traders, 1857; Central National, no. Ninth
National, los; Tenth National, IS; Oriental, $50.
The railway bonds and mortgages were in fair
request and the list was almost entirely quoted.
The following were the bids:-New York Central
sxes 1882, S. do. do 1887, s4 do sevens 1915, 9s;
Erie sevens, second mortgage, endorsed, 1879, IS;
do do. third do. 1885, 49, do. do. fourth do, $780,
Az; do do. nth d. 1888, 6s; Hudson River sevens
Hrst mortgage 1s6s-7o 1914; do. do second mort
gage sinking fund, 1885, 80; do. do third DO, 1876
9S; Harlem, first mortgage, 81; Michigan Central
first mortgage, Fights, 1882 1l6; Chicago. Burling
ton and Quincy eight per cent first mortgage, III;
Michigan Southern seven per cent second mortgage,
sgA: Michigan Southern and Northern Indiana sink
ing fund, per cent, o7 Central Pacific, si1s;
Union Pacific first mortgage. ssh; Alton and Terre
Haute first mortgage 90; do. second do. preferred
rs; dc. second do. income II; Chicago and North
Western sinking fund.- 90; do consolidated seven
per cent convertible 49, do. do. extension, so; Lack
awanna and Western, 50; Delaware, Lackawanna
and Western, first mortgage, 9s do. second mort
gage, 02 Toledo and Wabash first mortgage ex-
tended. S7l; DO. second do, 80; do. equipment a.
Toledo, wabash and Western consolidated convert
able sinking fund.- 10; Great Western first mortgage,
1885, 81; Galena and Chicago second mortgage, 90;
Chicago ana ROCK Island first mortgage, 1ol; Chi
cago, Rock Island and Pacific, ON; Morris and Es
sex second mortgage, e2a; Cleveland and Toledo
sinking fund. e6h; New Jersey Central first mort
gage, 90; Pittsburg, Fort Wayne and chicago first
mortgage, 101S Cleveland and Ptttsburg fourth
mortgage, 70; Chicago and Alton 0rst mortgage, 1927
do. income, 81; Ohio and Mississippi first mortgage
50; do consolidated, 81; Dubuque and Sioux con-
solidated first mortgage 90; Peninsula Railroad
bonds, 81; ST. Louis and Iron Mountain bonds, lt;
Milwaukee and St. Paul first mortgage Fights, 1924;
do. first mortgage seven-thirties, SO; Milwaukee and
SC. Paul FIRST mortgage 81; do. second mortgage ST.
Chicago and Milwaukee first mortgage, IS; Column
bus Chicago and Indiana second mortgage. 81; New
York ana New Haven SKIES, 95 Toledo, Peoria and
warsaw, eastern division, rs.
The stock market was strong until the last board
when despite the rise in gold prices weakened and
declined. The bull cliqnes took advantage OF the
strength impaired TO stocks by the gold TO
realize. Hence the eventual decline. During the
early activity In prices Pacific Mail advanced to A.
owing to the announcements that 'that snow storm"
had at last fallen upon and covered up the rails Of
the Pacific road. In tho railways the Vanderbilt
stocks were extremely steady ana New Jersey Gen.
trail active and excited, vibrating, as 1t did, between
ssL and OIL. Northwest, st. Paul, Lake
Shore and Reading were also strong and
comprised the principal business OF the day
The following the prices OF stocks at the last
session OF tho stock Exchange: Canton, 4s 4sh;
Cumberland, ass a 26x; western Union, 32H
32ss: Quicksilver, l5k q 1JK; Mariposa, tx bid;
preferred i5a l5x; Pacific Mall 4s5s 4S5s; Boston
Water Power, 1915 a l4h; Adams Express, 90 a 6l
wells-Fargo Express, 81; American Express, ss s0
United States Express, SO o 81; New York Central,
consolidated, ss,4 a s7H; scrip, SIX 81; Har.
lem, 100 BID; preferred, 13s bid; Erle 21h
2lA; preferred, 10 DID; ReadnR, WA ioB;
Michigan Central, III bid; Lake Shore scS sc}s
Illinois Central, 1901 1924: Cleveland and Pitts
burg, SO s37s; Chicago ana Northwestern, 6e4
695s; do. preferred, s2 s2ts; Cleveland, Columbus
and Cincinnati, "A bid; Rock Island, 1854 1856
Milwaukee and st. Paul, 73h 7sA; do preferred,
80 q s8h; Toledo and Wabash. 81 61}a; do pre-
ferred, "a; Fort Wayne. SO o sex; Alton and Terro
Iaute, 20E; do preferred, IS bid; ONO and M!ssis-
sppi, 2azl "a; New Jersey Central, soh o5X; Chi
cago and Alton, l4l1 bid; 40. preferred, 1903 bid
Morris and Essex, s5H sSX; Hannibal and 81.
Joseph, 1913. a 40; do. preferred, 1o7H 100; Co
lumbus, chicago and Indiana Central, 10 1914.
The extreme fluctuations Of the leading spccula-
,,un .,onLa ~hnwn thp foliowinU rom M raon