The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-01-14

The Improvement In government stocks created
oy the easier feeling in money induced large num-
ber Of operators to 90 sshort OF them In The begin
ming OF the week. A general hammerng Of the
market took place to-day and prices at the noon and
afternoon boards were forced down an average Of u
nom the opening prices. Advantage was taken Of
General Buffers financial bill to brighten tmid hold
ers and It u suggestive fact that while nve-twen-
ties declined above the ten-fortes advanced about
u. The spectators were successful In their scheme
but on their purchasing to cover, later In the day.
fhe market recovered tone and prices returned to
9he vicinity OF the opening figures. The closing
street quotations 1t halfpast four O'Clock were
~ follows limited States SKIES, 1851, regis
aered, l1oK . Ill; do. do, coupon, III 1l2k;
DO. nve-twentiea registered, 1857 . 1osk; do,
coupon, 1852, 1l2K ll2x; do. do, 1854. 100 looK;
do. do. 1885, look loo*; do. do, new, 1885, 1osK
1osk; do. do 1867, 1885, 1osk do. do, 1885, 10sx
lpsk; do ten-fortles registered. l04h 104k; do.
DO, coupon, lo7,s lo7K. Currency bonds 1907
a01.
Foreign exchange was very firm up to tho time OF
closing the mails for Europe, and prime bankers
sserling was largely dealt in at 1osk. After the
steamer the market, as usual, became dulier and
less nrin. Owing to the prospective shipment OF
specie which the purchases OF gold by foreign
oankes would indicate the rate was quoted at 10ex
s1osK.
The inquiry for Southern State bonds and securi-
ries has not abated and some large transactions
took place to-day Capitalists who see other capital
Ma embarking their means in various enterprises In
the South seem to think that the results OF these
latter VIII be reelected IN the appreciation OF the
securities or the region where the money has been
invested. The demand however, comes In great
part from Sontherners themselves, who are purchas-
ing with the funds sent South to buy their cotton the
bankers Of New York hold millions Of their indebted
ness In view Of this fact II win be curious to watch
the eject upon the Southern remiftances OF the in
creasng home demand for these bonds. The follow
ing are the closing quotations for the miscellaneous
ust:-Tennessee, ex coupon, es% 90; do, new 0s Q
Uex; Virginia, ex coupon, 55k o 80; DO, new 5sk
%; Georgia SKIES. 10 q so; do. sevens, Of q elk:
North Carolina, ex coupon, 65 q e5k; do. new e2k
%; South Carolina skies, old, 90 o 10; d. new oS
%; Louisiana sixes old, 70 70; d. Icvee, 67k
%; DO. oishts, levee, 70 so Alabama cights 90 co.
90. nves. % 90; City Of Memphis, SO . 81; M. and
o. Railroad sterlngs 50 81; do, interests a "a
me stock market was . repetition OF the pre-
vfous day In the features Of dulness during the
boards and there was considerable animation
On tho street ct the close, a. Q consequence
Of tho abundant Offering Of money ct and after
enc end Of banking hours. The st. Paul stocks
were the feature In this latter period on account OF
N announcement that at the forthcoming meeting
Of the directors Il il Intended to declare dividend
~ fourteen per cent scrip on the common stock and
seven per cent cash and ten per cent scrip on
tho preferred stock. Under this stimulus
the common stock went mp TO TAX ana
che preferred to o5k tho rest Of the list
Dympathixing more or icsa Fort wayne SOLD
mp 70 ia and Rock Island to 12sK. Reading was
visited BY one OF the cqucs during the day and was
quoted up TO o5yI OF the miscellaneous stocks Can
ton was quite active, selling a. high ssk Prices
closed M follows at the last regular board:-Canson
s5K . SO; Cumberland. 30 Q ASK; western Union,
Sax "a: Quicksilver, ~ o ~; Pacific Mail i2sx
12sx; New York Central 1907 . 1877; Erie, ssS .
esx; do preferred, efk . "a; Hudson River 1s2 q
1ssx; Reading o5x . ssx; Michigan Central, lis
lie; Michigan Southern, p0K . 81; Illinois Central
142X la; Pittsburg, SAX . SAX; Northwestern
sak ssk; do. preferred, SIN s7k Toledo
1o4x lo6; Rock Island, 127x q 1873; st.
Paul, 7sk 7sk; DO. preferred, % ssK;
wabash, % o3k; do. preferred, 70 q "a;
Fort Wayne, IN 1aiK; Ohio and Mississippi
33N "a And 40 follows at the last open board
Cumberland, ssk 30; Wells, Fargo Co.'s Express
Is 70; American Express, 10 bid: Adams' Express,
70 AoJl; United States Express, AK bid; Mer-
chants Union Express, 10 I3s; Quicksilver, ~;
Canton. 65x 80; Mariposa, hid; do. preferred, 20
. COY; Pacific Nah, 1875 i2sx; western Union
Telegraph, ssx "a; New YORK Central, 100. .
lsex; Eric. asx bid; Hudson River. is2 is4; Har-
lem, ias; Reading, S5k q esI; Chicago and Alton,
1ss bid; Bankers and Brokers' Io2 bid; wabash cav
a0s; do preferred, 10; Milwaukee and 81 Paul, Tsx
a7s,s do. preferred e4k o.; Fort Wayne, l22 q
I22k; Ohio and Mississippi, says "a; Michigan
Southern. olx oik; Pittsburg, So sSk; Toledo.
10Y io4A; Rock Island iask l2sN; Northwest