The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-04-01

10 A. M.............1s1 1881 p. 1919
1890 4; M..........I3ls di2 4 M..-..-:. Isi
II M.......... ......l317s 3P .13l2s
,2;s4P. M.......IslH ~ M;;........".ilh
Cash gold was spasmodic IN its supply. Up to
Clearing House time rates for loans ranged from
1-s2 for borrowing to 7per cent for carrying In
the afternoon loans were made at per cent for
carrying down to nat. The Gold Exchange Bank
report Is as fOliOws:-
Cod cleared. 4305, 600
Cold balances. NEUTRALITY-SUSPICIOUS.. $50, 90a
currency balances. 30o6,iO7
Governments continued dun but steady. The
present holders are strong dealers and operators,
who are able to carry in the face Of tight money.
The London price to-day showed an Improvement at
the opening OF business. At the 1rst board C2s
held at 11sk and CTS sold at 11S, cash. There
moro speculative feeling In the old 65's, which were
bought aud sold with three days. options at the
price. AT the board 62's were sold at 49,
all that offered at that price being taken. CTS
were shade weaker. The feeling at the afternoon
board was unsettled, and there was wider margin
between the bidding and asking figures for the 62's.
The closing quo alton OF s3A at London made the
market firm after the boards and ll8 bid for the
cd 65's, but sellers coming out there slight
action at the close OF business the following being
the street quotations at i've O'Clock this even
ing:-United States skies, 1881, registered, 1l5 q
1i5K; do, coupon 1857 1l6ss; do, fve-twenties,
registered, l1sk 1l3h; do. coupon, 1862, lis 1ls
Co., 1884, 1l37s q ia; do, 1865, li57S 1l6 Co.,
new, 1865 112X q ll3; do. 1887, 1121s 1ls; do,
1903 113 llss; do, ten-fotics, registered, lO4t
1o4H; do, coupon, lCS,s 1O5,s; currency bonds,
1914 l04H.
Foreign exchange continued weak and declined.
Cable transfers were offered at 1os,l. and prime
bankers sterling. sixty days, sold at 1919. The
choicest sixty day franc bills sold at 5.25. The fol-
lowing rates are nominal, the market being too I'M
settled for exact Quotations-Sterling, sixty days,
commercial, 101 a 107h; good to primo bankers,
107k 10S; short sight, 1885, 1851. Paris, sixty
days, 5.23x 5.22H; short sight, 622K $50; Ant
werp. $50 a23H; switzerland. $50 5.231k; Ham
burg, IS 351; Amsterdam, 800. 4ox; Frankfort,
s9X 4oK; Bremen II a IS; Prussian thalers, 20
a70A.
The stock market continued TO present the curious
feature OF higher prices In the face OF more stringent
money. The improvement extended to the whole
list, with few exceptions, these including Pacific
Mail, Harlem and the express stocks. On the other
hand. New York Central went up to lo2; but the
buoyancy OF this stock, as well as OF Hudson
River Is 10 be attributed in part to the opposition
which the pro rata freight bill Is receiv-
Ing In the Legislature. Fort Wayne sold freely
al l25 aud Rock Island at 1854. In
the case OF the last mentioned stock quotations
were ex.dividend after two o'clock, the books
closing to-day for the five per cent seiniannual div
idepd. Subsequent to that hour !. sold as high as
Isl freely. Western Union advanced over one per
cent The number OF transactions was limited, and
the brokers continue to complain OF dull times. The
ciiqucs are In possession Of the great bulk OF the
speculative stocks and they cannot AFFORD to
suffer the present activity OF money to demora-
izc prices. While the market now Is illogicaly
strong It Ia Just Us likely TO be logically weak with
the return OF easy money. The "ouside publicn
and the spectators who are "out Of" stocks Will be
likely al that tisfe to buy unreservedy, calculating
that with funds abundantin the street. prices must
go still higher and the cliqucs will be only TOO ready
60 "unloadn TO them. The stock market IL an Ia.
tcrcsting study just nov. II may be much more 80
within a few weeks. No disparagement IL meant
CT roads and enterprises which really increasing
their annual earnings. For such the advance Is not
nnaiion. But the EFFORTS OF the cques are largely
concentrated Oh certain stocks, and their fayorlies
should not he the favoritcs OF The public who are
looking Tor investments during the coming season.
The following were the closing prices al the last
regular boarc:-Canton, 90 Il 90; Cumberland, 60 q
80; Western Union 3s4 $50; Quicksilver, 20 20h
harposa. 1871 10; DO. preferred, 3sis %; Pacific
Nan, Ssil sots New YORK Central, 1914 lGa. Hud-
son River, I3s 130A; Readipg 81 q 9lIs; Michigan
Central us 1iSI; Michigan southern, 95,s 90; Ill.,
nos Central, 1877; Pitsburg, s9jl q eos; North
western, - S4,s; do preferred. 92n a g2,k Tole-
do 1902, i06Js ROCK Island, 1907 sf3ia, ex dvL
dend st. Paul, glS ~ do. preferred. 500 SOL
Wabash 0jJs a 81; do preferred 5jI rs; Fort
Wayne, i25 o 1851; ONO and Mississippi 321 a
-52b.
The following were the closing quotations on the
call at the last open boatd:--Boson Water Power,
1865 10; Wells, Fargo Coz Express. 3o,i q 81 u;
Adams Express, 5sA 5sSS; American Express f0ls
a al; United States Express, SIS q 5osl Merchants
Union Express, 1917 10; Quicksilver, 2os 2oii;
Pocihc Mail, 10 q sesi; Western Union Telegraph,
39% 3oh; New York Central, 1917 a 16lsl; MARI
posa 1s,s 1879; do. preferred, 3s Sax; Hudson
River, 100 i3oH; Reading, DIX "a oIJs; Alton and
lerfc Hautc, "a bid; do. preferred "a Go; Toledo
and Wabash, 675s 67i4; DO preferred, 10; Milwau-
kee and 50 Paul, 71x nv; DO. preferred. soil
soH: Ohio and Mississippi Sea 329s; Fort Wayne,
i2t% l25; Michigan Central 117k 100; Michigan
southern, ej5s o6 Cleveland and PittsDurg, sesi
soH; Cleveland and Toledo, 1909 bid; Rock Island,
1907 i3l; Northwestern, 81 a SAX; DO preferred,
e2X 92y.; Chicago and Alton $50 bid do. preferred,