The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-11-06

The supply Of money on cali was moro abundant,
and the prevailing ratss were six per cent stocks
and Ave per cent governments, with very few
exceptions at seven on the former and many as four
On the latter The Treasury operations OF tho weeK,
owing TO the excess or bond purchases over gold
sales. add apout Two million dollars OF currency to
she capital Oh the street, the receipt OF which by the
banks more than Offsets the shipments out OF town,
{ Che Western pork-pacKmg interest making fresh
demands. The demand Tor crop movement Is still
Light The increase or currency III local circulation
At this season by The Treasury goes far TO excuse
whatever irreguarlty there was yesterday In the
extra purchases OF b0nGs. II Mr.. Boutwell, Will
make 1t public that he win SO conduct the Treasury
movements as to keep the money markes easy
throughout the fail he VIII win the friendship
81 every merchant IN New York. Let the Shylocks
who are lending tseir money on call from day TO
day at five to seven Per cent once learn that money
VIII not be stringent this tall and they viii with
draw their funds and eabark in the more legitimate
business Of disGounts-an example which will be
also initiated by the oaaks moro largely than is now
their custom. Thus the merchants, instead or being
compelled to stand ''shavas" Of ten to twenty per
cent On their paper would be able to negotiate at
Fair rates. Foreign exchange was weak at the OPEN
ing, With rates tho last quoted. In the
afternoon there was an Improvement In the tone Of
HE market sld quotations became Grn. but did not
advance. The prime bankers asked 1885, for SIXTY
days ana lool for sigas sterling bills. The govern
ment market continued 10 ieel tho effects Of the
extra purchases or Thursday and remained firm
throughout the boards. The easy state OF the
money market and the upward tendency OF gold
rendered the market fiYm In Anal street quota
tions. when prices advanced an eighth 10
quarter per cent On tho best figures
Of Tho preceding day. Ia Southern securities there
was generally weak tuns in The more speculative
bonds North Carolina tax bonds leading with
decline to 8ax. Cld Tennessees declined TO GoA
and the new to 81. Even the usually steady South
Carolinas were tavol, cd, and the new Issues were
offered at 90.
Id The stock market the speculative spirit seemed
30 seek new favortes and brought out Erie, Read
Ing ana Ohio ana Mississippi, the first after de-
Ginning to 27k going up to 3cH. tho second moving
20 o75s, and the Ast advancing to 277l. Otherwise
She market was IN tho main less animated than
usual, though II could hardly be called dull. The
Western shares, while somewhat neglected for the
Savortos Of the hour, were largely dealt In, partl
Cularly Lake Shore, which sold as hlgl % 9lh ST.
Paul advanced 70 753a and Northwestern to 7l%.
New York Central was strong between ISL and ls2,
1915 being bid ut the close Of street business.
Tho fluctuations In Erie arc ascribeo %
. sudden demand on the part OF The
ssshortsn to cover ola sales. Pittsburg was
NEGLECTED and wa, not bid for or offered at
the last board The general market reacted In FINAL
street operations and closed steady and dull. In tho
miscellaneous list Pacific Man lost It's buoyancy and
declined while Western Union was heavy. The fol-
lowing the prices at the last sesson Of the Stock
Exchange:-Cantoa g. -; Cumberland, 2cE 30;
Western Union. 3s4 n S5h, Quicksilver, i4I 1919;
Marposa, TX 81; 40. preferred, 141l 151S; Pacific
Man, co a COY; Boston Water Power, l3H Is;
Adams Express 81 a IS; Wel.sVargo Express, 1854 q
20; American Express, ss1 a51; United States Ex-
presa SIX SO; Ere 2s4 SS1s; New York Central.
as1ha ls2; Hudson River, l55 15sE; Harlem, 1854:
Reading, e7ss IN; Michigan Central, 100; Lake
ehore, ok 9lss; llinols Central, 100 1874;
Chicago and Northwestern, 7ls TX; do. pre-
Serred s6ss 8s,s; Cleveland, Columbus and Gin.
ennat rs a7e1s; .locS Island, 1eiG4 1867 Mliwau-
xce and st. Paul. Tea 1914; d. preferred ssA
G3N; Toledo ana Wapass, 02l4 a 90; Fort Wayne, 10
b s6I; Alton oad Terre iagte, ac Chic and Missis-
bappi. 2Ggf o 81; Delaware and Lackawanna, 1904
1o6s< Kew Jersey CeatraI, g5h bid; Chicago and
Alton, 14G $50: do. preferred, 148 BID; Norris ana
Essex SIX ss Eanni5al end st. Joseph, 1C7 los;
DO preferred, 1o7S 1917 e; Columbus, Chicago and
Eudinna Central, 17i4 21S. The range OF the lead
Ang speculative stocks Is shown In the following