The New York herald., 1869-01-16

day has lust arrived Hence their need Of the pre-
cious metal The price ranged as folIows:-
10 A. M............ 1897 2P M.............. 1897
IAN ............. 1851. 4:4S r. M........... 1863
! Il. Nd. 1905
At fiye O'Clock the market was quite animated,
despite the lateness Of the hour and the quotation
1857 1885. The gross clearings for the day
were sos, 100000, the gold balances $l95l l34 and
the currency balances s26ss,1S6. Cash gold was
abundant and loans were made at from to III per
cent for carrying.
Money was without feature or change, beyond q
disposition on the part Of lenders to make conces-
sion In the interest rate. great many call loans
were made at six per cent, particularly toward the
close OF banking hours when balances were large
and freely Offering.
The government market was subjected to another
hammering by the "bearsn who made use OF reports
That the government was about to ISSUE If 1t had not
already done 80 secretly, several millions OF new
bonds. Prices declined in consequence at the morn
ing and boards, except for those of the issues
which were in request for shipment to Europe Later
In the day telegram from Washington positively
denied these reports on the authority Of the Secre-
tray Of the Treasury himself, while another de-
spatch communicated information showing that the
next monthly debt statement would be highly
favorable one. Under these combined influences
the market recovered the lost ground OF the morn
lng and closed firm at halfpast four O'Clock with the
following quotations-Unlted States skies, 1884, reg
istered Ill q ll1h; do, coupon, 1875 112A; do,
nve-twenties, registered, 1885, 1os14; do coupon,
1852 1l2X q 1121; do, do, 1864 1o9H 1o9k; do,
do, 1866. 1O924 a 1907, do, do, new, 1885, l0Sk
1885,; do 40, 1851. 1oS 1oss do, do, 1885, 1oSH
10sX; do., tenforties registered, 1o4>s 1o4a do,
coupon, 1918 . 1o7A; currency bonds, 1olA q 1olh.
The speculation In the stock market was more
buoyant to-day for few OF the leading shares. The
market ut the opening was strong, but prices
weakened at the morning boards under large realiza
tions. Business became animated ut the afternoon
boards and, as on the previous day, prices reached
their highest in the period OF very easy money at
and after the close Of banking hours. New York
Central which, like Erie, has been Isolated from the
general list, was very active selling up to 16oh on
the strength Of the report OF Messrs. Peckham,
Stebbins and Griswod and an impression that there
VIII be no dificulty in obtaining the sanction OF the
Legislature to the conversion OF the scrip into stock.
Rock Island was again active, and sold up to 1904.
The st. Paul stocks were comparatively neglected. The
SavOrte, after New York Central, was Northwestern
preferred, which Is said to be buying on foreign
count 1t Is an old clique stock, and those pushing
II have resorted to numerous methods OF .'buling'
1t. Their latest effort is the publication Of very
iattering table OF earnings rs compared with other
Western railways. Business to-day was well dis
over Lne IlSt. Inc express STOCKS were
stronger on the announcement that overtures had
been made TO the Adams TO release that company
from the combination and It's old routes for
the equivalent OF three millions OF stock. Later In
the day prices were "or" the intmation being
made that the Adams stockholders would resist any
such issue OF stock and take their grievances, If
necessary, before the courts. Canton was duller.
Quicksilver emerged from dulness and at the close
sold up to 23X.
The closing quotations Of the last regular board
were as foows:-Canron, 54al a IS; Cumberland
Blk 3ssl; Western Union, "a a 34h; Quicksilver
rs 23H; Pacific Mail, 1925 1913; New York Cen
trai il6sk 15o'<; Erie as1l SO; do preferred, 6216
81; Hudson River. 130 1853; Reading, 95I a e6;
Michigan Central, 1lS 1907 Michigan Southern, 90A
ooN; Illinois Central, l441s 145; Pittsburg s7si
ss; Northwestern. S2al s31s; do. preferred, ss2
a 80; Toledo, 104 o 104S; Rock Island 127ys a
12sk; st. Paul, rs o 75h; do. preferred, ei
e4k; Wabash. o3's o3a<: do. preferred .5,s
"; Fort Wayne, 119A 12ol4; Ohio and Misss-
sippi, 33H "a.
The closing quotations at the last open board were
a. follows:-Cumberland 3sl: Wells, Fargo Il Com
pany's Express, rs bid; American Express, 30 bid.
Adams Express. 81 q 5lss; United States Express,
a bid; Merchants Union Express, IA 144;
Quicksilver. 22zs 23A; Canton, 55 a s5H;
Mariposa preferred 2ik 2s Pacific Mail,
122x . 1913; Western Union Telegraph, 33JS 34h:
New York Central, 1898 l59l; Erie 3sI ssss;
do. preferred, 90 . O.; Hudson River, I31 a 1872;
Harlem, 1sl o 1874; Reading, 90 a s6N; Chicago and
Alton, 140S $50; do. preferred 14ox 150; Bank
ers ana Brokers, l01 bid; Alton and Terra Haute Al
~; do. preferred, 81 67k; Wabash, 63 a esis; do.
preferred, II: Milwaukee and st. Paul, 75K:
do. preferred, s47s q o5; Fort Wayne 1901
120z; Ohio and Mississippi, 33zs 81;
Michigan southern, e1 o1sS: Pittsburg, ssL sst;
Toledo, 1854 lo4; Rock Island. 12os 129; North
western, s3x S3l; do. preferred, 500 s9i; Bos-
ton Water Power. IA Q 14h.
The closing street quotations at quarter to six
O'Clock this evening were as follows:-New York
Central, l6Oj@; Fort Wayne 12OK bid; Michigan
Southern, Ola asked; Rock Island, 129x q l2gE;
Reading. 90 9e5S; Northwestern common, s3x a
s3s; Northwestern preferred, ssx ssT: Pittsburg,
80 SOL; Ohio and Mississippi 33N "a; Wabash,
c3k 63x; Pacific Mall, 122ls bid.
Foreign exchange was steady at the following
London (bsnkersD 90 days. .......... 1908. a 1ooa.
London (prmc bankersy. sight. ....... 1101{ 110y
Iars, nuR. .......................... bl5
Paris, snort .5.l3L 5.12I
answeiP. 6.l6h
GwIss. ............. ...............5 5l1h a6l6z
hAinDuIK. ............. goa 36Is
Amsterdam (bankersJ. ................. ala Hs
frankfort tbankers). 41a Az
Bremen tpankersD... 1SA n 1s7s
oerun tpankersp.. ....................... 7lA TH
Mr.. Camp. manager OF the New York Clearing
House, has prepared the following totals OF the last
quarterly statement OF the banks OF this CITY, The
figures no plainly show the facts that no comment IL
necessary.
60, Om 6,lss. .,ar. I. 1859. Cbupar,spps