The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-10-23

IL M............... 1915 A p. M............. 1919
1P. M............ 1919 p. M.............. 1874
The rise In gold operated against the foreign
exchanges by checking buying as well as by creating
better supply Of bond and produce bills, and the
prime bankers lowered their rates an eighth to q
quarter per cent. The money market was easier
and the stock houses plentiluly supplied at six
per cent and the government dealers very freely at
I'VE. The reversal OF the speculation at the Stock
Exchange seemed to Offset whatever larger demand
there might have been from the interior OF the
try, and about which there is great deal OF con-
fusion Money Is still going to the South ana South
west but the movement further North Is very little
II at all, against the city, Commercial paper
dull at nine to fifteen per cent Government bonds
reflected the advance IN gold and the purchases OF
the foreign bankers, the market being firm at an
advance OF an eighth to quarter per cent The
ease In money contributes to the demand and there
IL . steady inquiry for private investment. Should
the coupons, which are now arriving from Europe Tor
the November interest," go back in bonds, there would
be good inducements TO the speculative element OF
the street to take hold OF the Market but the feel
ing that the demand in Europe has for the present
subsidized at least enough to prevent speculative &C
tivity has been reason for the fresh operations
In the Gold Room. How far this conjecture is cor
rect remains to be SEEM For several years the May
ana November interest has gone back in bonds, and
1t is only the probability of an active demand for
money IN Europe this winter that threatens the
bu0yancy OF our securities abroad. The follow
Ing were the closing street prices for the govern
ment llst-United States currency sixes lO72 a
107X; do. skies, 1881. registered, 1l94; do d.
coupon, 1872 1905; do. hve-twentes, registered
May and November, lis 115l4; do do, coupon,
1852, do, 1908 III; do do, coupon, 1854, do,
1l9k 1l9h; do. do, coupon, 1855, do, 119n
= 1l7z.; do. do, coupon, 1896, do, 117A 1l75s;
do do. coupon, 1867, do. l17a4 1l7X DO. do, cou
pom, 1858, do, 117% l171s; do. ten-forties regis
tered, lO7X; do do. coupon, 1885, 1OS,s.
In Southern securities the North Carolnas were
weak and lower, the new bonds going Off to 80, and
the special tax bonds being offered at 39N after the
board. The Tennessees were favorably affected for
the old ana unfavorably for the new by the defeat
Of Andrew Johnson for the United States Senator
ship. The following were the closing street prices
for the Southern list at the last session OF the
board Tennessee, ex coupon, 60; do, new, 53zs
54A; Virginia, ex coupon, 5O%; do, new. 52h
80; Georgia skies, SAG; do, sevens, 81 q 91h;
North Carolina, ex coupon, At 4Sst; do, new, 80
80; do, special tax, 40 a 4o1; Missouri SKIES
81 s7h; do. Hannibal and ST. Joseph, sly 50;
Louisiana slxes 81 SO; do. levee skies, 63X 64b;
South Carolina sxes new, r.
The stock market exhibited continuance of the
desire to realize the recent advance in prices, the
feeling being again quite evident in the case OF the
Vanderbilt shares. New York Central suddenly fall
ing TO 1877, and almost producing a panic. Hudson
River sold down to Ill and Harlem at I44 The
decline was less marked on the other railways
although Northwest common was very freely offered
for time at II. The most sympathetic with the
Vanderbilt stocks was Rock Island which fell to 105
On the other hand Pittsburg "jumpedn from 81 to
1Olk Lake shore was very steady between the ng.
ures OF yesterday. The meeting OF directors took
place to-day at Cleveland, but the street was with
out intelligence OF what transpred further than that
q proposition was under consideration to
unite with wabash at rs. Lake shore to
60 in at par IN the new corporation The Wander
bllt party should have reached Cleveland last even
ing or yesterday forenoon, but whatever good they
are capable OF doing Lake Shore Offset In the
minds OF spectators, by the unfortunate anagama-
ton with Wabash. Hence the steadlness OF Lake
Shore to-day 1t stood still between the two innu-
ences. The Pacific Mail Steamship and the Panama
Railway Company have agreed to a private system
Of charges, which was the cause of rise In Pacific
Mail stock to 62T. There was rally In prices after
the second CALL and Central led the day to 1907 and
Hudson River to TIA, but the whole market
went or again, closing heavy and very dull.
The following were the closing quotations of the
iHst sessiou vi tne StOck EXcnanRe:-Cant0n, 52a a
s.; Cumberland, 27h a 2sa; western Union, 36s a
36,<; Quicksilver, 12sz 1875 Mariposa bid; do pre-
ferred. l6x II; Pacific Mall 6OH 81; Boston
Water Power, 10 O Is; Adams Express SO bid;
Wells Fargo Express, 2O,l bid American Ex-
press. 80 q 3eh; United States Express, 58h q
SIX; Merchants Union Express. 9K bid; New
York Central 1850 1891; Erie, 3oi4 bid; do. preferred
50 a 581; Hudson River, 172sl 173h; Harlem, 144h
las; Reading, 98K q 96H; Michigan Central, 12z31
124; Lake Shore, 931d e3sl; Illinois Central 1856 o
l36x; Cleveland and Plttsburg, 9eh q 9s; Chicago
and Northwestern, TIA IN; do. preferred. s3x
q SAL; Cleveland, Columbus and Cincinnati, 76ha7s;
Rock Island, 1o5H a 1866; Milwaukee and st. Paul,
o9s.a osM; do. preferred s24 S2h; Toledo and
Wabash, 65I a 65H; do. preferred, II bid; Fort
Wayne, IS bid; Alton and Terre Haute, preferred,
SEA go; Ohio and Mississippi, 2e1 n; New
Jersey Central, lOox q 1908; Chicago and Alton,
l30 LA; do preferred, lac l44 Morris and Essex,
s7h ssh; Hannibal and st, Joseph Ito nix; do.
preferred. ITO bid; Columbus. Chicago and Indiana
Central. 24A 24n.
The range OF the leading speculative stocks is
shown In the table,
Highest. Lo,rest.
new YORK central. ................. 1915, ISL
nuusoh hiver'. OBSERVATION-DISCLOSURES. Ia Ill
~ ~. =. :. 3la BOA
NOrthWestern. ACKNOWLEDGEMENTS, 7lE TO-,
Northwestern preferred .....,..... sAl. s3n
MILWAUKEE, and ST. Paul........,..... eoI sag
milwaukee, ana st. Paul preferred. $50 80. ss,
LhNo ,nore. ''.s............. q4n p3
,,,,.a..nan .'''''..'''''.s.s.s..s,.. lO63s 100