The New York herald., 1869-05-27
IN the appended table,

Price. The disbursements of coin interest to-day
were s1st, seq. The course of the market is shown
in the appended table,
1OAM........... 1903 I:34 p. M.......... l3o's
ia. M............ 1903 1885 ?: M......... 1891
1870 T. M...... 14os sP. M'..... M........... is9a
l2:42 r. M.......... 140 3:45 P. M...."..... 14o
12:4o T. A.... 1879 II. M......"..... 1924
ll5 T. M......... lS91s $3.50 +. NJ. 1925 1395s
Tne loan market was heavy and borrowers of gold
wishing balances carried over for them were conl-
PEELED TO allow seven and eight per cent interest
the currency collateral This was The average range
OF rates, but business was done as low as six and
exceptionally at three per cent The report OF the
Gold Exchange Bank Is as lollows:-
Geld cleared $50 SO6 eco
Currency balances s...................... 2113,S60
Governments were heavy and lower. Before the
government purchase they were steady, II not
strong, which is rather suspiciously interpreted In
,the street. The London price came 79H, an i'm.
proyement but with a report Of duness, due TO the
semlholiday ensuing upon the EPSON races. The
decline in gold later in the day distracted whatever
hrmness was communicated from this source,
and left the market to the "bears,n who now
include some OF the prominent banking
houses on Wall street. The three per cent
story was also used TO hammer the market,
and the 62's were forced down to 12lii
snd the 'o7s to 11s1. In fact the speculative
ments Of the gold and government markets have
been and are precisely similar and parallel. In the
decline the yielding OF the currency skies is closely
reoective OF the lower price OF gold The following
were the closing street prices this evening"
United States slxes 1851, registered l2oA 12o1s;
do coupon, 1908 a 121; do. fve-twenties, regis
tered, 1l5il a 1l6; do. do, coupon. 1862, 12lH o
121%; do. do, coupon, 1854, ll57s ll6; do. do,
coupon, 1885, 1l7ss q 1177s; do do, coupon, 1866,
new, 11s4 l1s7s; do. do, coupon, 1867, 1lS7{
,1s7s; do. do, coupon 1888, l1ssl l1s7s; United
States fves ten-forties registered, los 1OsA; do.
do, coupon, 1857 10s4; currency bonds, 1907
alo6H.
The offers to sell government bonds to the secre-
tary OF the Treasury embraced about three and half
millions worth. The proposals accepted were In
amount and at prices as follows:-s1ooooo regis
tered 1892 at 1885, 100000 do at 1882; 100000
do at 1888; 100000 do at 1894: 100000 do. at
1856 500 600 do. at 1896; $4,000 do. at 1881;
$4,000 registered 1894 at 1885, $780, registered
1866 at 1859; 225, 900 coupon, 1854, at l1j.40.
The following were the bids for the city bank
stocks at the regular board this morning:-New
York, 100; Manhattan. 145; Merchants, 12I; Mechan-
ics'. lao; America, las; Phenx, 1l3; Mechanics and
Traders 125; National III; Commerce, 127; Ameri-
can Exchange, ia; Chatham, 1855; Bank OF the Re-
public lis; Bank OF North America, III: Hanover,
Il4 Metropolitan 1926 Peoples, l43; East River,
lOi Nassau, 1O5; ST. Nicholas, lis; Marine, 150;
Commonwealth, 1l6; Importers and Traders, 1S7
PARK, le4; Central National, 1l5; Fourth National
IcCL; Ninth National l1i Tenth National e6 Cold
Exchange, 1io.
The quarrels OF the radical party in Tennessee
Rave operated unfavorably the bonds of that
state particularly the issues, which declined to-
day TO 65j<. New North Carolinas were also lower.
The rest OF the Southern list was irregular, but gene
rally strong, prices closing as follows:-Tennes-
sees, ex coupon, 67is 6s; do new 65IS e5s; Vir-
ginias ex coupon, 57is a So; do, new, 6l1< a 81;
DO, registered stock 5O's 50aa; do, registered,
lsG6, sc a 5Gis; do registered 1867 SO 531s; Geor
ria SKIES, slS SO; do seyens, 90 o6K; do. sevens
interest payable in Georgia, 9i eij6; North Carroll
mas. ex coupon, 80 59jS; do, new, So 55H; Mis-
souri risiXes 50 asoE; DO, Hannibal and 81 Joseph o2
bid; Louisiana skies, 70 1o,. do, levee do, Gsl5 a
90; do. levce eights, SO q 50; Alabama eghts lOl a
r02; 60. nves 81 a os; do. SKIES sterling es bid;
South Carolina skies, II a IS; do new IS, &c; do,
registered stock 81 bid; City Of Memphis skies 81 a
tsts; DO. Atlanta eghts, OF 90; do. Savannah
fevens, % oi do. New orleans consols, 20 az do.
90. railroad bonds, 20 q II Mobile and Ohio sterling,
q a6s; do eights, 90 SO; Mississippi Central Rail-
road, first mortgage "a IS; do, second do 90 90;
Memphis and Charleston, first mortgage, 81 a 81:
do second do, IS a ~: do stock, 4s ~; Greenvlc
and Columbia Railroad, guaranteed, 90 a 65.
The result OF the election for directors OF the
Union Pacific Railroad, which took place at Boston,
is given In another column.
The directors OF the Chicago aud Northwestern
Railroad Company, at meeting In this city held at
NOON to-day, declared q semi annual cash dividend
or I've per cent on both the common and preferred
stock payable June 80. The transfer books close
on the 4th and reopen on the 18th or June.
The earnings Of the Michigan southern Railroad
for the third week IN May were:--
is6o....s sloi,597 1sos....s1oo,13s Inc. ass
The money market was more active-whether .,
was the relic Of uneaslness from the Brooklyn bank
dcalcatIon the artificial production OF the stock
''bears" who were very lively today-and seven pei
cent was generally obtained on call loans. Com
mercial paper was quoted at seven TO nine per cen,
discount.
In the stock market there was sudden and rather
powerful development OF the "bearn influence,
whose workings have been already seen In gold and
governments. The earlier transactions In the Long
Room and the FIRST session OF the Stock Exchange
gave little or no sign Of the change which was sub
sequently wrought in the course Of the Market but
were characterized by continuance OF the buoyani
feeling so prevalent yesterday. About noon the
assault began, the immediate objects thereof
being Ohio and Mississippi, Reading and the North.
west shares, the rest OF the market sympathiz,no
more or less with these stocks The declaration o.
tue dividend on Northwestern was sprung at noon
end for time was o staggering blow TO the success,
q the attack the common stock suddenly jumpins
10 cis and the preferred 20 1ock. The nammern,
was renewed however, and In the general 'break'
viich followed OHIO fell to "a. Pacific Mail TO sc
kcw YORK Contal 20 1gii.. western rnion TO 4;
o. f.f. "a q. ID . usf .t.