The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-04-17

the legitimate inquiry which at this season ID also
quite active, caused hardening in the loaning |
rates, which ranged from per cent for carrying
Lie for borrowing, with the average OF transactions
at nat After Clearing House time the demand was |
still felt and as high 1e4 was paid for borrowing
After three O'Clock 3-e4 and lie were paid for the
use Of gold for tomorrow. while the price hardened
O'Clock. The following the report OF the Gold Ex
change Bank
Goiu feared $50 goo
So,u Daiahces 70 COZ
Foreign exchange was a fraction lower, with less |
doing, owing to the higher lending rate for gold.
Quotations were made the basis OF los for prime
bankers sixty day sterling 1888 for the same grade
of short sight and 1918 for the best commercial |
bills.
The government board was the scene OF great ami
nation, particularly at the noon and afternoon ses
sions, In consequence Of further and remarkable
advance In the fve.twenties-to in fact the highest
prices they have ever reached The steady shipment
OF coupons from abroad gave the market the first |
impetus and the undoubted easy state OF the money
market to-day was an additional contributing cause
of Ihe buoyancy which characterized transactions
The higher price Of gold and the Cuban question
were entirely discarded as influences upon the mar
ket. The '62's closed 1904 bid, while the old '65s
sold at lis and the 1858, the '67's and the
1l414 buyer thirty, which made for round lots
of 'o7's few days SINCE regarded rather ex-
travagant and sangune; but the courseiof the mar
ket SINCE the bid was made has proved It's sagacty.
There was no report from London to-day, but the
foreign houses were buying on orders for shipment
received late the previous evening. These high
figures brought out sellers, and the market fell
OF at the close when the following quotations pre-
vaied:-United States SKIES, 1881, registered 116s.
o III; do, coupon, III a NIX; do, fve-twenties,
1862 l20sI 12l; do, 1864, ll6 1l61s; do, 1853,
IIo 1lsS; do, 1885, l147s l5; do, 1857, 1147s
It's; do, 1858, ll47s a 1885, tenforties registered.
lo5k 1O5h; do, coupon, 100 1861; currency
bonds, l04I1 a1046.
The tendency Of the money market was to still
greater ease and transactions were generally at
seven per cent currency, with fewer exceptions at
coin interest. The banks continue to report an
cess OF receipts shipments. Their weekly state
ment viii be looked for with considerable
interest. The market for commercial paper showed
more active signs to-day, and while the quotaoe
rate for prime double acceptances Is yet ten TO
twelve per cent discount few sales OF very choice
notes were reported at nine.
special Washington despatch says that the Su
preme Court, motion OF counsel for the defend
ants have suspended the decree in the case OF the
State OF Texas against Chiles White and others de-
cided on Monday last, In SO far that decree
anected the rights Of any holders Or purchasers OF
the coupon bonds who obtained them IN open
market A reargument Of the case is ordered for
October next.
In stocks full play was given 10 the speculative
feeling, although attention was more particularly
directed 10 those which least active the very
large advance yesterday. Indeed, the features OF
that time were reactionary to-day and were inclined
% settle at figures below the high quotations then
attained In the period OF stringent money the para
dox OF an ascending stock list afforded, and the
prophecy was made that consistency would be pre-
served in q decline Of stocks when money became
easy. The market does not show signs OF the
tion so predicted but In these days Of clique
management the natural laws OF finance are
overrdden set aside. IL may be that the spirited
bidding up OF prices really originates with the
enques who are thus organizing an advantageous
market ~ sell upon. In the railways, New York
Central was strong selling as high as 1851 aud
nuctuating between That figure and 16sk. The
prospective failure OF the Broadway Railroad BILL
with which the fate OF the Central Scrip bill seems
20 be interwined, does not weaken the stocks.
Hudson River, while falling on little from the
prices OF yesterday, seemed TO be making way for
Harlem, which sold up to lao. Reading which
hept company for the past month with Pacific Mail
In the vicinity OF 81 has taken start to e41, and
Pacific Mail touched s4x. Chicago and Alton wss
very strong, evidencing the truth OF the suspicion
expressed some time ago that tae recent "breakr In
It was 10 enable some friends OF the directory 10 get
possession Of the stock. wabash and the St. Paul
stocks were buoyant and heavy. Fort Wayne was
strong but steady in the vicinity OF ls2. Ohio and
Mississippi without feature. Michigan Southern
and Lake Shore nearly side by side In the race TO
par. The former, as the longer road, viii he the
gamer by the proposed consolidation with the latter
and proportionately higher. II is also Arm on az.
count OF an expected small dividend representing
certain assets standing TO the credit OF the company.
No new development has transpired concerning the
Rock Island scrip dividend and the stock was 'o to-
day. The Northwestern shares which had been heavy
and dull for several days and weak at the close
last night under the influences OF rumors that the
June dividend would be psssedn and that the chic
spirit Of the road was very ll-one report announced
his death-took q sharp upward turn to-day the
gentleman referred 70 making his appearance on the
stree, In the enjoyment OF HIS ordinary health and
The ofnciais denying that there was any founaston
for the statement that there woHd be no June divi-
dend or the miscellaneous list Mariposa preferred
was noteworthy for an advance TO 391s
bid. The common certificates sold at 221f. THE
express stocks were withou, particular feature and
neglected. Canton was active aud Quicksilver dull.
western Union Telegraph advanced about half DOR
CENT upon the prices At the opening Of business The
following were the closing prices Of the last rsoulsr
board;-Canton, e2x oej Cumberland Coal. % . "a.
Western Union, Az 41kj Quicksilver, NIX a 40,
Mariposa, 2oh bidi DO. preferred, 49,. 30, racne
Mail, stH e4H; New York Central, ie4x a le.X:
Hudson River, ltTk l4sj Reading, % sA,., Michl
gan Central, lao bid; Michigan Southern sp,l ss,l
Illinois Central, lao bid; Pitsbura 81 s1x; North.
western. s3S saxj do. preferred, ssX e67s; ROCK
Island, 1Se1s 1877; st. Paul, 7eil 7eh; do. pre-.
terred sex sof; Wabash, nv a "a; DO. preferred,
7sk SOY; Fort Wayne, I8Is a 13a.
ul.a faloo