The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1870-12-08

THE GOVERNMENT SALE OF GOLD.
The first sale Of gold under the December pro-
gramme took place at the Sub-Treasury at noon.
The bids were for total OF S., 229o 900 at prices
ranging from 1905 to 1925. The million was
awarded at 1905 a 1859.
MONEY MORE ACTIVE.
During the usual period OF making money engage
ments the rate on call loans was six per cent with
exceptional transactions at seven. Towards tire
O'Clock, however, sharp demand set In and bor-
rowers paid seven per cent without hesitation.
On governments lenders were content with
six per cent, and In many instances ac-
cepted i've per cent. The activity above
noted Is coniessedly artificial and Connected
with pearish movement at the Stock Exchange.
In the interchange Of currency with the interior the
movement Is slightly In favor Of New York, despite
demand from Cincinnati for pork packing opera
lions and from the Southwest In connection with
shipments OF cotton. The lack OF confidence in the
permanent activity Of money Is reflected In the
steady investment demand for prime mercantile
paper, which passes quite readily at ~ per cent
for choice grades.
Foreign exchange was weak but nominally I'M
changed. Prime sixty day sterling bills sold at 1889
less sixteenth
GOVERNMENTS STEADY
The government list was shade lower for the cur.
rency sxes the ten -fores and the fve-twenties OF
1882 but was generally steady and very quiet. The
following were the closing street prices this even.
ing:-Unired States currency sxes 1lOx HOY;
Unltcd States SKIES, 1881, registered 1904 10; do
do, coupon, 11314 I131s; DO. ve-twenties regis
tered, May and November, 1868 lO7; do. d. 1862,
coupon, do, 1914 10716; do. do, 1864, do. do,
1861 1o7; do do. 1885, do. do, 1867 1o7;
do. do, registered, January and July, 1861 1O8;
do. do, 1885, coupon, do, 1o94 1OssS; do. DO,
N n
1o9 1927; do ten-fortles, registered 1861 1861;
do. do, coupon, 1861 1861.
STOCKS WEAK AND DECLINED
The stock market assailed by the sbearsn
who induced very active selling movement under
which prices declined an average OF nearly three
quarters per cent In one special instance, where
the brunt OF the "bear" attack was concentrated
the price declined from 110H to 1881. The follow.
Ing the closing prices at the last OF the
Stock Exchnnge:-Canton Company, e71 Gsk;
Western Union, 44'+ 45; Mariposa. bid; do pre-
ferred, 10A 101; Boston Water Power 2O1;
Adams Express, 651k; Wells-Fargo Express
33; do. scrip. "a "a; American Ex-
press, 465s; United States Express 34H bid;
Pacific Mail, 434 437.; Atlantic Mall "a bid; New
York Central consolidated, 9O24 9o7s; New York
Central, scrip, S4ss s4sl; Erie, 24h FAX; do.
preferred, 471l bid Harlem, 1871 q 1921; Reading,
1924 1o2A; Michigan Central, 1903 a 12l; Lake
Shore, s2z a 92z; Panama, 1914 a II; Union Pacific,
TX l75s; Illinois Central 1897 a 1886; Cleveland
and Pittsburg 1O5 bid; Chicago and Northwestern,
sou SOY; do. preferred, s9h s9S; Cleveland,
Columbus, Cincinnati and Indianapolis, SOH:
New Jersey Central 1851 O 1887; Rock Island
1924 a lO96; Milwaukee and st. Paul, 90 a COZ; do
preferred, 81 q s1t&; Toledo Wabash and Western,
514 5l7l; Fort Wayne, OAK q s5; Chicago and
Alton, 1851 a 11s; do preferred, lls; Ohio and
Mississippi 8o7s; st. Louis and Iron Mountain,
40; Delaware, Lackawanna and Western, 109K
1921; Morris and Essex, 911 q 90; Boston, Hartford
and Erie, az a "a; Hannibal and st. Joseph, 104
do. preferred, 112H; Columbus Chicago and In
diana Central. Is a 1874.
HIGHEST AND LOWEST PRICES.
The following table shows the highest and lowest