The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-06-03

i:io r. M.......... 1887 5P. NJ. 1881 a 1881
ABS r. Mo-. ioots
Cash gold was in good supply and loans for carry
ing were made at eight 10 six per cent The report
Of the Gold Exchange Bank Is as follows:-
COLO cleared. $so, So 0O
Gold balances. ACKNOWLEDGEMENTS. l'9lSosS
currency balances. Observation-Disclosures. 3Oo2,oSs
The government market was sympathetic with the
course Of gold and the foreign quotation. The
opening prices were close upon those prevailing at
fhe end Of business last evening, but the activity in
money repressed investment among outsiders and
induced sales. Under these influences and
despite an improvement In London there was
yield Of about one-quarer per cent in the list in
the afternoon the market catching something OF the
"bear' feeling which marked the general course OF
business The following were the closing street
prces:-United States skies. 1884, registered, III
117z; do, coupon, l22 1221f; do, hve-twenties
registered, 1853 III; do do coupon 1862, 122t4
1921; do. do, coupon, 1854 III NIX; do. do,
coupon, 1865, 1ls% 1lsal; do. do, coupon, 1885,
new, l1e7s 100; do do, coupon, 1867, 1874 11e7s
do do, coupon, 1888, IleA 100; do, ten-fortles
registered, 1854 100; do. do coupon, 1924 1895
currency bonds, 1914 1074.
The government sold million Of bonds through
she Assistant Treasurer The total amount Of bonds
offered was CA, 145,0oo. The awards were as fol.
Iows:-$1OO 900 at 1885 5000 at I1645; 600
1lo9o 100000 at 1885, $4,000 at 1lo49 500, 900
at 649; $7400O at 1861; $25 900 1864; $50
at 1895 $4,000 at 1885, 5000 at 1850; $4,000
at 1850; s65.000 at 1856.
In Southern securities the North Caronas were
especially active, the old bonds rising 81 and the
new to 81. upon the assertion that the past due in
terests Of January and April would certainly be paid
The following were the closing prices at the last
board:-Tennessees, ex coupon, 6s a 6s,s; do new,
64h 64s4; Vrginias, ex coupon, So; do. new, 614
62 Georgia skies, So bid do sevens e5 81; North
Carolnas, ex coupon, COS bid; do. new, 81 q 57i4;
Missouri skies, s9i4 se7s Missouri and st. Joseph,
"a bid; Louisiana sixes 73i4; do. evee skies, 81;
do do. e,ghts, IS; Alabama ves, 81; do. eghts 100
10l.
The money market was active at seven per cent,
but there was less demand than Yesterday.
Foreign exchange was steady until late IN the
afternoon when the bond bills offered by the foreign
bankers, drawn against governments bought for
export In anticipation Of rise tomorrow in Lon
don, based upon the decline in gold here tonight
made the market week and irregular, with decline
OF about one-eighth per cent in rates.
The following were the bids for the city bank
<9tocks:-New York, 100; Manhattan, las: Mechan-
'ics'. 1857; America, 1885, City, 200; state OF New
York, ILL., Commerce, 12s; American Exchange, ia;
Chatham, 1866; Bank Of the Republic, 1I99s; Metro
polltan, 1927; Peoples, las; Market, 1O4; Corn
Exchange $780, Continental, 1902; Commonwealth
Hoy; PARK, 167; Central National, lis; Fourth
National, 1867; Ninth National, ll5ts Tenth Ma
uonal 81; Gold Exchange l40.
The transfer books OF the New York Central Rail-
road close on Saturday next preparatory to taking
vote of the stockholders 10 decide II they VIII &C.
cept the eighty per cent scrip dividend, in accord
ance with the provisions OF the bill passed by the
Legislature.
The stock market was subjected TO q repetition OF
the "bear" influences which have so persistently
fha NJ nri.a fbn
week. The strongest stocks New York Central,
Hudson River and Harlem which advanced
-Pectiyely Ql2s 16I and 49, II was surinlsed that
Che Vanderbilt clique, having bought all they wished
OF Michigan Southern, had ceased selling the New
York stocks. The "besrn attack was again directed
against Michigan Southern, which sold as high as
1874, declined to 49, the report that the cleo
ton In Cleveland to-day had gone against Horace +.
Clark, but reacted 10 lls at the close The report
said that Mr Williams OF Buffalo, was elected
President in opposition TO H. r. Clark, Mr.. Wander
bits nominee. II was suggested however that
should this be the case Mr.. wnliams Is likely to
hold the position only until next month, when,
upon the meeting OF the Buffalo and Erie Company
and the completion OF arrangements for the consoli
datlon Of that road with the Lake Shore, Mr.. Clark
will De made President OF the consolidated Lake
Shore Company. No official announcement Of the
result OF the election had Deen received at the close
of business, but II was thought probable that the
following list OF directors had been chosen .-E. y.
Philips, lie Grand Lockwood, Horace f. Clark, James
Ii. Banker, William Williams, Albert Eeep, J. II.
Devereaux II. b. Payne, George b. Ely. ]. II. Wade,
j. W. wetmore, William l.. scott, NJ Cartwright
Fort Wayne was irregular, recovering to 1871 but de-
Ginning 10 1856. 1T. Paul was sold down 70 sSsE. and
closed with a slight reaction. Rock island at One
time was quoted as low as l251 Pttsburg was
steady between i041s and 1855. Pacific Nail seemed
10 have suffered its worst IRON the unfavorabe re-
port OF the directors "a II recovered TO % late In the
day. Canton advanced TO Gs. The following were
the closing prices at the last boaId:Canton, es1E
ao7A; Cumberland Coal preferred, "a 36; westeru
Union Telegraph As q 4Sl.; Quicksilver, 162 a 16f
Nariposa, 2ill a 24ls; do. preferred, sos 5o5s;
Pacific Mail, SIS asI q; New York Central, 1917 a
1879; Hudson River, 100 leos.; Harlem, ISL a Ind
Heading, 100 a 1905; Michigan Central, l3l; Mich
gan Southern and Northern Indiana, i171 Ma
Illinois Central, 1851 1s8k; Cleveland and Pitts.
burg, 10tA4 l04s; Chicago and Northwestern, a2's
se21s do. preferred 1O4iS 1885, Lake shore, liz :
O 1855; Chicago and Rock Island 1854 a I26:
Milwaukee and St. Paul, 7sJs Tsa4; do. preferred
si; Toledo, Wabash and Western, TX b 49,; do.
preferred, slk a 49, Pittsburg, Fort Wayne and
chicago. 1867 15T; OHIO and Mississippi s5E a
B5k; Boston Water Power, 1e4 lTl; Adams TX.
press, 59As a 5o;s; wes-Fargo s2 American 30 a
s0N; United States, 6eA o.; Merchants Uuion
I5A; Delaware and Lackawanna, lis; New Jersey
Central, 1l5S o 117ss; Morris and Essex, 81 hid
Alton and Terre Haute, IS 40; do preferred o8
Chicago ana Alton, 1914 1865; do. preferred Us
bid; Hannibal and ST. Joseph, 1so; do. preferred IN
o 1856 Chicago, Columbus and Indiana Central, Az,
a43il.
The earnings OF the Chicago and Northwestern
road during the fourth week In May were:--
f42s,lsl ~
1hclease.s sssss....ss s,...'.. t1tlli N
The receipts for customs and the receipts pay
mcnts ana balances at the sub-TTeasury IN THIS cit,
for the expired portion Of the week have been q,
follows:--
Custom, House. Sub Treas -
Receipts. Receipts. PdyHlents. BCldncps
-QI - A..