The New York herald., 1869-05-14

in the afternoon. The report of the Gold Exchange
Bank Is as follows:-
Gold cleared. sos 0s4, 900
Gold balances. ACKNOWLEDGEMENTS. 1902 24O
currency balances. z l3l, ,49S
Foreign exchange irmer for the medium
grade OF bills and good bankers were asking 109h
for sixty days. sterling The prime bankers continued
10 ask 109 but sales reported at fractions be-
low this figure The market is very hard to char.
acterze. 1t is inactive at present quotations. The
heavy imports and the demand for foreign bills OF
credit by Americans going abroad tend keep rates
up but better prices for American securities Lon
don and the substitution by travellers OF bonds for
bills OF exchange combat this inclination OF the
market. The foreign bankers shipped large amount
ofbonds today and the bills drawn against the con-
slgnment weaken the regular bankers bills
The money market was still quoted at six to seven
per cent on stocks and the usual miscellaneous col.
aterals the rate was kept up to the full legal figure.
The only exceptions at six per cent were on govern
ment securities to prime houses or favored custom
ers. Money is in good supply at these rates and is
very generally employed, owing to the active specu-
lation In the stock market. Commercial paper was
reported more active at seven to per cent This
the season when the country banks employ their
spare balances IN buying this class OF Investments
The latest kilograms from Washington settle the
pnt that Secretary Boutwell, will not reissue the
Dnds which he purchased and Will purchase in the
hrtherance OF his programme of weekly purchases
he intends to be guided entirely by the law of the
natter. He Is authorized, If not directed to buy
tie bonds for the Sinking Fund. There Is no law
authorizing or permitting him to reissue them II
lsunderstood that each bond when bought will be
cancelled with punch and stamped-"This bond is
LIE property Of the United States Sinking Fund
autnorlzed, &c, by act OF Congress. which mutt.
lalon and endorsement will prevent negotiation
afstr ted lost
odh at home and abroad was responsive to
ths announcement In London the quotation ad.
vnced to 7e2s. Here there was some hesitation In
'eary morning, owing TO the distrust of the news
, paer dispatches. which have been so often incor.
rec; but as the intelligence was confirmed
prizes rose to the highest figures ever at
tailed. The following the closing street
-qlGatlons this evening:-United states skies, 1851
rgstered 12OJs l2o1; do, coupon 1907 q l21:
-Hetwentes, registered, 11s a 1l6I; do. do. cou-
pm 1862, 120 l201; do. do, coupon 1894 ll8
l3S; do. do, coupon, 1866, Iles. 1Isz., do do,
coIon, 1865, new, lis a 1ls1; do. do, coupon,
,1S7, lis 11s1S; do. do, coupon, 1865, lis
lih; do, ten-forties registered. los l0s1x; do.
DC coupon, los 1o9ls; currency bonds 1867 q
.1O4.
Suthern securities were generally steady. Prices
wee as follows at the last call:-Tennessees ex
eoeon, 6s esh; do, new, 65H 661s; virginias
ex oupon, 5s 5sh; do, new. "a sl1s; Georgia
szxe so So; do. sevens, 95}z 81; North Caroinas
ex cupon, eok eoh; do, new, 65S a 553I; Mis-
soursixes, ssh SOY; Louisiana SKIES 70 q "a; do.
Aveeeights, s9H a s95s
ADvement is now on foot to accomplish the very
mersoious object OF closing business In the Stock
Excnnge at four O'Clock, and forbidding under q
Iena' dealings on the street after tnat hour The
wear nd tear OF Wall street life Is sufficiently ex-
haustIyeven within the period contemplated. Bust.
ness ulally commences after nine O'Clock. The
ansietyand patience attendant upon and required
In )beyng 'ordersr throughout the day tax the
stragthand endurance OF the stoutest members OF
the boar. The change Will rebound to the beneft
OF TIE community at large for t cannot but repress
the gmbtng procliviues OF those who sit and watch
the slyhteTt fluctuations, making the vibrations OF
prceall tie greater by their agitation and excite.
ment.
stocs at the opening were firm in the vicinity Of
the cloing prcei OF last night, but underwent
large define In th, middle OF the day Rock Island
yielded % LIS, beng the most conspicuous In the
fall. Naiposa preferred settled back TO 4eH. and
western Jnion to az. New York Central touched
-1sOh lie excepti9ns were the St. Paul stocks,
which, by counter movement, advanced to 70 and
s7A respectively. The Northwestern shares fell on
about one er cent. The market then became steady
and SO reAined until late IN the afternoon when
tnere was eneral adyance New York Central sell
ing at loZ'sPacihc Mail at "a and Northwestern
preferred al "a. The following were the closing
quotations ON he last call at the stock Exchange
Canton, 62iI az; Boston Water Power TX a l7K:
Cumberland. Pa 35i Wells-Fargo Express, 3s1t bid;
Adams, 6lh a515s; American, 40 a 4OX; United
states, 81 Ca; Merchants Union, l5yl a Is:
Quicksilver l9A 90; Pacific Mail s3Is oss!:
Western Union telegraph, ~ a a.; New YORK
Central, lslk a sl5a Mariposa, 22H a 2sN: 90.
preferred u a Al; hudson River l571 a 1919;
Harlem, 1868 l4oA; Reading sSh a sGH;
Alton and Ierre Hute, 3sh a3s<; do. preferred
6s1s a 6sA Toledo ND Wabash TX 77zs; do pre-
1erred, 81 a sly; slwaekee and ST. Paul. 7ss. a
7s2S; do. Daeferred. sk s77I; Columbus, Chicago
and lndlana CentraLi91S s65.; OHIO and Missis-
sppi 3SH a S37i; Forwaype, 1856 "a 1864: Michi-
gan Southern 1905 Lex Cleveland and Pittsburg
70; Lake Shore, loek lo6s; Rock Island, 12oA
100; Northwestern. 81 ~ s15f: do preferred 1O3s.
1885; Hanniba7 and ST. Ioseph I171s a lis; do pre-
ferred, ll7al lis; Chicago and Alton 1852. l5sa<;
do. preferred, Eg bid.
IL reported that at the meeting OF the directors
OF the Chicago and Alton Rairoad held yesterday
at Chicago, the PROPOSAL TO NIKE an extra stock
dividend was indefinitely postponed.
The ST. LOUIS Alton and Tere Haute Railroad
Company have declared dividend OF per cent on
the preferred stock frcc OF government tax payable
June l.
The earnings OF the Chicago and Rock Island Ran.
road during the first weeksn May were:-
5.1O0
............. 7s,T7s
.............. 26,322
The earnings OF the MichiganCentrai Railroad for
the month Of April were:-
f4l1st
......................... 4l5T5s
Decrease. s3,944
he par rnl nf he Rai for
the period from January to April 80 overe:-
1869. .s1sO 800
~.... l1b,54I
..ssssss....sss.ss. tAlBl
The following were the earnings OF TIE Toledo,
wsbash and Western Railroad:--
AprI. isco. t3iLss2 II
ApfIl. lbOS. 2p22Sb 0g