The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-08-02
FINANCIAL AND COMMERCIAL.
SusDAY. August I, TAG

interest. In The STOCK market the speculation still
ran prominently the Vanderbilt. shares. although
the animation was less marked toward the close OF
the six DAYS The highest point attained in these
sh~ rs was uesiiav, when New York Central
touched the remarkable figure OF 21sS. Hudson
River loal4 ami Harlem l72. From these prices
there was reaction to OK for Central The street
was treaGed to the usual stories Of consolidation
schemes In progress ut the deliberations OF the raft
way magnates IN Saratoga. Until recently
1t was supposed that Harlem IN being omitted from
the conso dation scncme and left TO form portion
OF the New York ana Montreal line, was witnOut the
speculative attractions enjoyed by Hudson RIVER hut
1t has been quite confidently asserted that while the
consolidation viii actually embrace only Hudson
River and New York Central, Harlem will he leased
by the corporation It's stock doubled and eight
per cent guaranteed upon the whole amount. Alter
the Vanderbilt shares Reading very active and
rose to l0lls, from which point 1t declined to 06T.
The New YORK operators have been "bears' IN the
stock and The phiia0elphans had been 'buls" until
the former figure was reached, when 1t Is supposed
all sides united IN 'bear" movement. The failing
health Of Mr.. Keep who had been largely instru-
mental in rcyiyiug the fortunes OF the Chicago and
Northwestern Halfway, led to the creation or
tensive 'sh0rt Interest IN the stock, and the price
OF the common SHARES, which sold high 93 last
spring, fell on to rs under the pressure Of these Sales
SO. Lately, however, well known ex-presi
dent OF the Erie galway aud heavy Wall street
operator has returned 10 the and IL credited
with being the put chaser Of great deal OF the stock
thus sold. lie Is further assisted by Broadway
banking house OF heavy capital and famous for
clique movements The gentleman referred to Is
also reprtel 10 be ambitious OF again holding the
presidential scepire anu Of entering the lists as the
successor Of Mr. ep. Succeeding the death OF the
latter the N0rthTeal stocks instead or yielding to
panic as some OF the ''Dears" expected. rose over
three per cent all the sock offered being rapidly
absorbed to ihe consternation OF the shorts." The
natural tendency TO an upward movement Is thus
strengthened ~ the large outstanding ''short" in
terest so that the campaign next week In thess
shares bids fair to lie lively one. Ere
was steady, az it has been ever suce
the Organization OF the National Board and
remained quiet the vicinity OF 20. A mO,ement
In ONO aud Mississippi carried the price to 1914,
but there ceased, and the stock fell again 20 32*.
great deal oil activity was manifested lnChicagO and
Alton, which at time touched 17Oh, but fell back
to l67. In the miscellaneous list Pacific Mail was
quiet and Western Union strong. The express
stocks were weaN ana lower towards the close OF
the week. The adjoulnmeDt OF the Stock Elk change
Saturday. out Of respect to the memory OF Mr..
Keep, left The market without official quotations.
Tie following we're the latest IN the Long
Room and on The sreet:-Canton, 691s: Boston Water
Power, 159G; Cumberland. 33 a "a; wellsFargo EA
press, 81 q MD; Adams Express 59s bid; American
Express, Al q a2,a; United States Express, 20;
Merchants Union Express 1915 quicksilver I5M Il
1917; Pacific Mail. sas q s4A; Western Union
Telegraph. 37'i 37l; New York Central, e&
dividend, 2o92s 2lO; Mariposa common, So 3;
Mariposa certificates, 40 80; Hudson River, 1s64
1877; Harlem, 49, 1884, Erie, 2ss% 20; Reading, 97}
s71; Milwaukee, ana ST. Paul, 1875 a 1874; do. pre-
ferred, sSi4 q $50. Boston. Hartford and Erie,
2lZ 22}s; ONO and MISSISSIPPI, 3214 a 32Ia; Fort
Wayne 1888. l5l; Michigan Central, 1872; Michigan
Southern 1861 1853; ILLINOIS Central, 1ll5s ll2;
Cleveland and r'ttsburg, lO7 lO7X; Chicago
and Alton, 1885, Rock island 1l43s ll4aS; North
western. SO $50; do. preferred. 96i4 96}s;
Cleveland, Columbus and Cincinnati. 72Lf n "a.
The speculation IN government bonds was active
and excited, the principal operators on the 'Dulr'
side peing STOCK VINO alleged their positive
knowledge that Dir. Boutwell, would continue his
extra purchases during the month OF August. The
foreign quotation also became rmer. At the highest
Point '6.s sold at l25 '67's at 1914 and the coupon
tsn-forties at no. The currency skies sold at li0s.
From these prices there was reaction IN the street
market Saturday evening, when the following quo
tatons prevaed:-Unised States skies, 1884, regis
tered 1885 la; do. TO-. coupon, 1885 1885; do.
nvetwenties registered 122s 12a do. do, coupon.
1862 125 1905. do. do. coupon 1864, 12a% 1874
do. do, coupon, ,65, 1874 1885; do. do, coupon
new, 1865, 10 122h; do. do, coupon, 1867, l22A
a 1929; DO. co., coupon, 1868 122 l22As; do. ten
forties, registered. 1l4s 1147s; do. do, coupon
1l4N tl41s; currency skies, 1097S Ito.
Southern securities were generally heavy and
dull. The recent violent fluctuations in the Ten
nessees and North Carolinas supposed to result
from the manipulation OF state officials, have driven
Investment seekers to other and more reliable
rha Noyih naz Tam
were better toward the close OF the week, but only
from what IL regarded change IN the specu-
latve tactics Of aforesaid officials. The South
CarOlinas were weaker also through an apprehen.
sion that the State Is falling into the danger Of lend
ing assistance to certain railroad enterprises The
following were the closing prices OF tile Southern
list Saturday evenrng:-Tennessee, ex coupon,
81 q 63la; do, new, 500 a 81; do, five per cent,
so bid; Virginia coupon, 5S% So; do, new,
81 61sl; do, regular stock. 4aH 4sa; DO, regu-
lar, 1866, IS a $50; do, regular 1867, 81 54}s;
Georgia skies, So Siia do, sevens, Of 4 81; do.
sevens, Interest payable Georgia, 90 Oh; North
Carolina, OK coupon, 81 a SIX; do, new, SIX a
So; Missouri skies, SIX s74i; do, Hannibal and
st. Joseph, 80 u 81; Louisiana skies 694 ~: 90,
levee SKIES G4ii u So; do do, eghts, SIS q s6;
Alabama eights, s6li a %; do. dves, 81 65; do
skies, STERLING, 0)a9l; South Carolina skies, CA a
66; do, new 90 65la; do, regular stock 81 So;
City Memphis SKIES 40 so; do. Atlanta Fights, "a a
So; do. Savannah sevens, 80 92; do. New Orleans
consols, "a Is; d., do. issue railroads, 90 10;
Mobile aud Ohio Railroad, sterling. 85 10; do. do.
eights 81 a co. Mississippi Central Railroad first
mortgage 20 a ~; no., second mortgage. 62 a 90;
Memphis and Charleston, first. IS a SO; do, second,
u 10; DO, STOCK 10 "a; Greenvillc and Columbia
Railroad, guaranteed, ca 3D.
The Rarltan aud Delaware Bay Railroad Will be
sold on the 4th OF September at the Manchester
depot, under writ OF nert Jdcfds issued by the
Court OF Chancery at the suit Of Charles j. Hendrck
son and Stewart Browp, compliments, who are
holders OF mortgages. The entire property OF the
company, including the steamer Jesse Hoyt, will be