The New York herald., 1869-01-19

1851 a135A. Only few lots were disposed OF at the
former figure. Cash gold was plentiful for delivery,
and ive to seven per cent was paid for carrying.
The gross cearings were $44 782, 000 the gold bal
ances 44709l and the currency balance S2 375.
The government bond market was strong and
buoyant, owing 10 steady investment demand and
the elimination OF the numerous rumors about
Treasury sales Of new bonds which were current In
the street for several days. The issues Of '62 and
'67 were largely dealt in. The former touched
1lsK, ana block OF over half million 'e7's went
at 100. These were the best prices OF the DAY and
were realized the afternoon board. Subsequently
the market declined . shade. The quotations on
the street at half-past four O'Clock were as fol-
lows:-United States sixes 1881, registered, 11lA
111X do. do, coupon, 1l27s 1121s; do flve-twen-
tes registered, 1857 1oss; do, coupon, 1852, 113k
l133; do do 1884 1o95s 1925; do. do, 1866, 110s
1101; do. do, new, 1906 losx IosA do. do 1867,
1os 1os7s; do do, 1868, 1887 1907 do: tenforties,
registered 1915 1885, do do. coupon, 1077< los.
Currency bonds, 1o1i4 1917.
Southern securities at the opening unsettled,
owing to sympathy with Tennessee bonds, which
were depressed and weak In consequence Of the
martial law bill passed by the Legislature and ex-
pected civil disorder. The general buoyancy OF the
market soon overcanie this depression, and while
Tennessees were left to gravitate to their proper
particularly Louisiana levee eights whichwere s4K
was largely from capitalists and from those OF the
savings banks whicn are authorized by their char
ten to invest in State securities. The closing
quotations were follows:-Tennessee skies, ex
pom. ok q 6s; Tennessee sixes new, 661E . 81;
Virginia sixes ex coupon 6SA 80; Virginia skies,
new, 62k a 63k; Georgia skies, 62K q "a; Georgia
sevens, o2k s2k; North Carolina skies, OK coupon,
ook e61s; North Carolina skies, new, 63,< Q o.;
Missouri skies, 81 s7k; Louisiana skies, u . 74h;
Louisiana skies, levee, cox bid: Louisiana eights
levse, s4IS IS; Alabama cights. s1k %; Ala
bams hves, e4E 6S; City Of Memphis, 81 IS; No
bile and Ohio Railroad, sterling 90 o.; Mobile ana
0mo Railroad, interest ~ 50.
!. The stock market was subjected to further ham,
Snering by the bearA but their strength failed to
hold ont in the face Of very easy money market
and determined opposition on the part Of the buls
hs street ID generally 'lone Of stock and tho few
shorts in the market are those who realized last
week at what they considered the climax OF prices,
and are now anxious to buy In again. More detailed
accounts from Illinois have also taken away the force
Of the bear stories about reducing the rate OF fare
the railways In that Sate and curts the earnings
and revenues Of the corporations whose stocks
figure prominently In the speculation at the New
York Stock Exchange. The bill TO reduce the rate
OF fare has passed the Senate apd VIII, It IL ex-
pected, pass the House, Should It receive the sane
tou OF the Governor IL VIII be contested In the courts
where its unconstitutionality win DO ct once de-
'ciared, as is would be plain violation OF the law
forbidding the impairment Of the obligation Of con-
tracts II will hardly reach the courts. however. as
At was introduced in the Legislature purely as a
speculative influence upon the stock market, and
win be abandoned as soon as Its projectors
,tto-,c fhofr no
papers say that their charters stand the right of
existing railways to manage the question OF fare
cannot bc interfered with The only redress to be
had where the charges are In and grievance
fs TO authorize the construction Of parallel rival
roads. The eject Of the bear Influences in tho mar
ket continued until after tho regular board, when
prices touched their lowest, Northwestern common
selling down to ST. and Northwestern preferred at
SIX. more buoyant feeling prevailing at the secoad
open board there general recovery In the whole
list and tho market closed ssrong. New York Gen.
tra was the feature Of the day. IL opened ct 162z
and. sympathizing more with the general market
than It has done In some time, went down TO 1917
ct tho most depressed period OF business. II re-
covered sharply at the afternoon boards, and finally
sold up to 1851 on the street after the adjournment
or tho Long Room. The friends OF New York Cen
tral olam that II IL going to par. which IA
che scrip dividend. They say the legalizaton
Of tho conversion OF the scrip win not he attended
with any diniculty. aud that this increase OF the
capital stock should In justice be permitted to the
company, especially M such increases have been
allowed to other corporations who have not had ~
much reason TO show therefor as the New York Gen.
trai, which, by the economic administration OF Com
modore Vanderbilt, ~ now capable Of paying
xfull eight per cent dividend ON twice
the present capital. Business to-day was well
distributed over the general list, and the end
Of the bun movement 10 evidently not yet.
The closing quotations Of tho last open board
we're a. follows:-wells Fargo b Co.'s Express,
asa 20; Adams Express AK q s4k; United states
Express ~ 10; Merchants Union Express. 1sE Q
I3ys; Canton, SAX bid; MarIposa, bid; do pre-
ierred, cak bid; Pacific Mail, 122K l2ax; western
Union Telegraph. slk . s4k; New York Central,
ie4x 1e4A; Eric, 30 q so,s; HUDSON River. 1905
is7; Harlem, is1 ls1k; Reading, sbx esk; chi.
oago and Alton preferred l47 . 1lox; Bankers' and
ssokers', 100 BID; Alton and Terrs Hau'e soa 4aK;