The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-08-17

weakness Of the gold premium ana was heavy and
dun Ia consequence Of the decline. The offerings
were light and PRICES generally "on" at both the
morning and noon calls, the new issues of hve-
twenty bonds being the most noticeabIy weak In
rho afternoon the market was 1rmer and expe-
perienced fractional recovery in figures The
following were the closing prices OF nve o'clock:
United states skies, 1881, registered. 12l1z 1872;
do DO, coupon. 1917 l22; do fvetwenties, regis.
tered, 120k III; do do, coupon, 1862, 1913 o
12Sk: do. do, coupon, 1884, lei 121H; do. do,
coupon. 1895, 121 l2i's; do do, coupon, new,
1855, l19x Q 1197<; do. do, coupon, 1867, l2oX O
12oK; up. do. coupon 1868. 1101 o 100; DO. ten.
forties. registered 1904 1oe,l; DO. do, coupon,
AS 1ls3sj currency SKIES. 1854 1887.
The money market worked with continued ease to
borrowers on call, the banks giving preference to
loans OF this character-at six and seven per cent
Discounts were dull and regarded with great eau
ton, only prime names being accepted high rates.
OF eight to ten per cent.
Foreign exchange Is dull and weaker, with the de-
cline in gold and better supply Of commercial bills
Rates ars:-Sterltng, sixty days, commercial 100 o
lo9x; COCA to prime bankers, 1osX ITO; short
sigb., 1l03s 110H; Paris, sixty days. 5lsH SIS;
short sight, 6.131 5.l1's; Antwerp t.lSA 5.l5;
Switzerland, 6.1sX 6.l5; Hamburg s55s a s6 Am.
sterdam, 40k o 4ox; Frankfort, &oA 4oa4; Bremen.
7sx q 7oh; Prussan thalers, 7oH aux.
The stock market was for the most part quiet TO-
day and without special features, opening on the
street with weak and unsettled feeling In the
Western railways, continued from Saturday after.
noon, New York Central barely steady and exhibit.
ing the same conditions of the first call. The
Vanderbilt shares advanced after the CALL New York
Central selling up to 2ll. but subsequently reacted
In sympathy with general downward movement In
the list Later the market recovered from its OK
IRENE depression, and at the second call was much
improved and generally firm In the afternoon, with
further advance In price towards the close. Among
the New York roads Central was the most active and
strongest, recovering to eli, while Lake Shore
Northwestern and Rock Island were tho fea-
lures Of the Western list The war be-
tween trunk lines on the freight question con-
tlnues, and 1t Is stated that freighs are being taken
from Chicago to New York on as low terms as New
York hence. II Is further stated that in consequence
OF the extreme low rale at which grain Is being
ried by the railroads. which is lower than the canal
rates, many boats are LAID up. 1t is expected that
the struggle will eliminate in the course Of tho
week, the game being by no means paying
one to the parties In conflict The proposed
consolidation Of New York Central and
Hudson River having reached the point Of
almost consunmation, has, it Is said, been inded-
nitey postponed in consequence OF the serious H.
ness OF leading oflcal OF the latter road, whose
assistance 1g necessary TO the work OF carrying
out the programme agreed upon in lis business
sense As the period of his convalescence Is uncer
TAIN and nothing further can be done without his
Gid, 1t was impossible to nX any time for the COM
pieton OF the scheme. In the meantime opportu-
nifty is Afforded for further manipulauons on the
part Of the Knowing Of both stocks, and the in.
terest in them Is not likely to siacken.
prominent feature Of the market today was a
sudden advance in Reading, which sold up to o. on
report that the city OF Philadelphia in consequence
Of an existing scarcity Of water. had purchased the
schuylkill Navigation Company (canaD. which is
supplied with water from the same source as Is that
city This company Is the chief rival OF the Reading
Railroad in the transportation OF coal from the
Schuylkill region. Private dispatches subsequently
received state that thus far the city has only re.
quested the company to stop operations during the
low water season, engaging to indemnify them
therefor, and that the request has been acceded
TO, but In the meantime the railroad CON-
pany will reap the profit Of an exclusive
carrying trade. This Is peculiarly unfortunate at
this rme, giving additional aid to the monop o!ists
In their efforts to keep up the price Of coal. The
miscellaneous and express stocks to-day were
neglected and without features, excepting Pacific
Mail which advanced on a report OF three per cent
dividend. The following table shows the range Of
the principal active stocks Of the list during tie
Aau.