The New York herald., 1870-01-25
GOVERNMENTS ACTIVE.

sofEhNMENiS ACTIVE.
The government marked opened with consides able
buoyancy, tae earliest quotations from London show
ing an Improvement, while the advance in qod
strengthened quotations. Prices maintained Their
advance until late IN the Afternoon, when th.re was
reaction with the reaction in gold anu prices fell
back TO the figures 1T which they had closed On
Saturday evening. The latest street. quotations Were
rs folloWs:--united States currency slxes, Ill
Ill.,; do hixes, 1885, registered IFS ll6i% DO.
do, coupon, llSs 1lsss; do. fye-twepiles regis
tered, May and November, 1i53s q ll5la; do. do,
1851, coupon, do, 1l5sa 1l52l; do do, 1864, do
do. 1853 ll51a; do do, 1865, do. do, ll5a a
1l5%; do do, registered January and July, 1lta, y
li414: do. DO, 1865 coupon, 11l16 1l4i: do do,
1857. DO do, 1l42a ll41a; 40. do, 1868 10. do
ll4ss l145s; do. ten-forties, registered lt2A a
1l2ts; do. do., coupon, 1924 1l25z.
SOUTHERN SECURITIES HEAVY.
In the Southern State bonds little was doing IN /
the marKct was heavy. The new Tenuessees declined
about per cent upon the report thas The Legld-
lature is considering bill which proposes tic re-
duction OF the rate OF taxaion from .oio 10 .pi5-a
measure which would effect serious reduction in
the revenue The vIrginlas were strong and hgner
for the new bonds, but heavy and lower the old.
The Norn Caronas were weak. The Louisiana
Ievees were weak ow ing to the proposed lending OF
the State credit to railway and internal improve
msnt projects. South Carolinas were strong and
steady The following were the latest street prices
for the Southern list:-Tennessee ex coupon, 55z
t4s; do, new, Az 47n; do. five per cent, 90 4I
Virginia, ex coupon, So 55; do, new, Gl u 81; 40.
registered sock 4S 40; DO do. 1866. 5s so; do do
1857, 81 a 55 Georgia skies, SO a So; do. sevens,
e5 81; DO do, interest payable In Georgia 81 ST.
North Carolina eX-coupon 40ls Al; DO, new, 2;,i;
"A; Missouri skies S75 IS; do, HANNIBAL and Sc
Joseph. 50 81; Louisiana skies GI 80; do. leyee
skies, 6S 6333; do do., eights, II so: Alabama
elglts, 80 0i do ves, 62 SIS; do. sixes sterl,ng
rs IS; south Carolina skies, IS a so; do new
751s II; do registered stock, "a rs: Ciy aienl-
phis skies, 4s a AZ; do. Atlanta elxnts, IS q 81.
do. Savannah sevens, S3 a 50; do. New Orleans
consos, 6o :. y; Go. do. issued railroad G6 Gs
Mobile and OHIO STERLING, e8 o 10; do. eights, u
83 Mississippi Central Railroad first mortgage
TX ~; do. second mortgage, 81 q So; memphis
and Charleston, FIRST, SO a S3; do., second 1a T5
DO. stock 40 Al; Greenvillc and Coinmbia Ran-
road, guaranteed, 81 q 60.
TIE MONEY MARKET EASY.
The abundance OF money III the banks and with
private bankers, who are the agents or country
banks emf banking houses, is renected in the
pressure OF loans on CALL the borrower being In
most instances able to dictate any terns from four
per cent upward where his c0llaerals arc prne and
his own standing OF unquestloLablc repuie. The
general rate among the government houses has
been five to six per cent, and among stock houses
six per cent, with some exceptions at seven. The
banks are very free lenders on call and, III many
instances, willing to make contrdcis the legal
.rase for thirty TO sixty days.
COMMERCIAL PApER.
Some OF the shrewdor country banss had their
agents in this city last December, when commercial
paper was dull at high rates. They bought large
amounts at nine to twelve per cent discount ana
hence the market at the present is rather bare
Of the really prime grades OF doublc.nemc accept
ances with the rate ranging from seycn 10 ten per
cent. The latter Is the extreme rate for tins class OF
paper. Single names have wioer ranue, bus are
hardly quo,able beyond eighteen per cent Tor the
best choice kinds.
FOREIGN EycHANGs.
Foreign exchange was firm under tbe Qeinand for
to- morrUws steamer ana the limited supply oi com
merciai bills. The decline in gold Iasr week checked
exports. Tne range OF quotations was Iollows:--
sterling, sixty days commercial, loS1a iosa good
10 prime BANKERS, losh q 100: short sight 1895
1926; Paris. sixty days, 5.20a 51,js; short sight
5.leh 5.15; antwerp 5.2lA 5.lf&i Switzerland
52i,a 5.isis: Hamburg, 353. 80; Amsterdam,
4o's 4o;s: Frankfort, 4oa1 A95s; nrenen, ls}a q
-; Prussian tnaiers, 1osl Ti3..
THE CITY BANK sroCKs.
The rumor that the Tenth National Rank IS to be.
come tina depository OF the city funos has led 10 q
sharp advance fn the price or ita stock 1865 being
freely hid The following were the bids for the city
bank stocks to-day:-New York, l3s Mapha,tan, Ias;
Merchants. l2I; Union, 1885, America l42: city, 40:
Phenlx, LOG; North River. e5 Tradcamen's l5a;
National ll2: State OF New YORK. 102: Commerce,
l3lA; Ocean, 40: American Exchange Il1h: Bank
OF the Republic. llsi; Bank OF North America iG0;
Irving, iik Metropolitan, las; Grocers' 10; East