The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-07-02

The carving rate for cash gold also contributed
to the reaction late the afternoon the prospect of
an easier market seeming remote as long as the gen.
eral money market continues go stringent. The
range OF the carrying rate was from one-eighth to
onequarter. The disbursements OF gold interest by
the SubTreasury were 81, 6i4G00. The steamer Union
for Europe to-day took out $4,000 in SPECIE and the
Havana steamer $4,000. The Alaska, FROM Aspill-
wali, brought $50. The following is the report
OF The Gold Exchange Bank
Gold cleared ooo
Cod Dalances .''..'''''' ovy<, W
Currency balances. 425l,15y
Southern securities ct the morning board were
stronger in sympathy with an advance in new Ten
nessees to $685. These bonds being quite active and
first on the CALL op erative upon the general list.
III the afternoon the whole market broke down with
the general to ndency OF the hour and prices fell of
one to one and hall per cent. The Alabamas were
weak In consequence OF the very liberal extension
OF State aid TO railroads. The following were the
final street prices Of the Southern lst:-Tennessee,
ex coupon, 62 a 63 do, new, SO 5sa4; Virginia. eX
coupon So a 5s,s; do, new, 62 a 62ts; Georgia
sxes ex interest, so 81; do sevens 90 a 81; North
Carolina, ex coupon, SO 5s1i do, new, SO 63js;
Missouri skies 81 a IS; Louisiana skies, 60 a TO- do
levee skies, 81 os; do. do, Fights, SO a SO; Ala
bama eights 95 o.; do. 1ves, Oh 62; South Caro-
lima skies, so q 50; do. new, 67 a 6s.
The stock market was strong and buoyant until
midday when decline set In and the whole list fell
of7' one half to TWO and half per cent. The early
upward tendency was due TO an impression that the
worst OF the monetary stringency had been seen In
asmuch as the heavy disbursements or the gold by
the government would fortify the banks and enable
them to increase their accommodation. The market
at the morning board was cheerful the feeling con
tnuing during the noon transactions IN the Long
r Room, when New York Central sold at 1861, and
Hudson River at 1861. The Northwestern stocks rose
to s2A for tho common and CO., for the preferred.
Michigan Southern touched 1l01. The strongest
stock, the one which most stOutly resisted
the decline and the most reactIonary after
it, was Pittsbur0, which advanced to 1925.
Pacific Mail sold at 9os but receded to 50. In the
decline Central touched 1e45s and Michigan South
ern los. Tie Express stocks were heavy and lower
Adams selling down TO GOA. The market, after the
adjournment Of the Long Room, was better, and
final street prices showed decided Improvement.
The closing quotations at the last board fol-
l0ws:-Canton, 90 bid; Boston Water Power, 15sS u
IT, Cumberland, 81 bid; Wells, Fargo Co.'s Express
31X 80; Adams Express, 81 q III; American En-
press, AZ bid; United States Express, T4x asked;
quicksilver 18 161k; Pacific Mall 90 90l4; Western
Union Telegraph, 3sss ssTs; New York Central 1ss a
1891; Marlposa, 91s; do. preferred, Is 1919;
Hudson River, 184]l asked; Harlem, 1441s 1I5,k;
Reading es]k es2S; Alton and Terre Haute, 85
871; do. preferred, 59l so; Toledo and wabash,
72,s 735<; do. preferred, Is 81; Milwaukee and
st. Paul. T5,S 75,s; do. preferred, SO se'i; Chi
cago and Alton, 15s bid Ohio ana Mississippi, 32f
331s; Fort Wayne, 1907 bid; Michigan Central, $50
asked; Michigan Southern, 1924 1O9s4; Illinois
Central, 143 IA; Cleveland and Pittsburg, 10l u a
1919; Rock Island, 11sk 11S1; Northwestern, So
s2,4; do preferred, 96 o8a; New Jersey Central,
Io4I4 ioAR; Hannibal and st. Joseph, 1ls Did; Co.
iumpus, chicago aud Indiana Central, 80 . 500.