The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1870-10-07

THE GOVERNMENT PURCHASE OF BONDS.
The Assistant United Stated Treasurer received
proposals for the sale to the government Of two mir
lions OF fvetwenty bonds. The amount offered was
Ss,515, 600. The advertised amount was the extent
Of the acceprances
The Sub-Treasury received to-day further install
ment of s245.OOO of the Ave per cents Of 1871,
making total OF 1880, 900 Of the loan redeemed so
far.
The government bond market was strong in the
forenoon, but fell or on the large Offering mt
the Sub-Treasury. and closed steady, rs follows:-
United States currency skies, il1h lll,l; do,
1881, registered, lla7s 1l4 do do. coupon, 1877
a III; DO. fve-twenties, registered May and Novem-
Der, 1854 1856; do. do, 1882 coupon, do. 1925
a ll3; 90. do 1854, do. do, 1ll,s NIX;
10. do 1885, Dc. do, 1l15s a l12; do. ao.,
regsterss. January ana July, 1905 llo1s; do de-,
1861, coupon, do. 1903 llo1a; dc. do, 1867 do.
do, 1ls3s 1lok dc. do 1865, do. do llOa lIOss;
Dc. tenortes registered, 1861 1885, do do, con-
pom, i06h II 1861
THE STOCK MARKET LOWER.
There was a renewal or the bear, operations
against Ohio ana Mississippi the price Of which fell
amid considerable excitement from 324 TO 3lk
The rest of the market fell Off In sympathy. and
closed feverish at the lowest prices OF the
day, except for Rock Island, which, In anticipation
OF the closing Of the books day after tomorrow for
the dividend recently declared, rose to ll7ls from
16A and reacted only 10 III In the general decline
late IN the day. The greater activity IN money OBJ.
Seryabc between two and three O'Clock was one
reason assigned tor the weakening OF the market
While the better demand for funds was due 10 the
active business OF the past lew days at The Stock
Exchange and to the payments into the Sub Treas nv
oil the money for the government gold bought the
day before, It's effect was intensified by the circula-
tion OF rumors that The 'sbear" cgues intended
docking up greenbacks" and making money striu.
gent. The following were the closing prices at the
last session OF the Stock Exchange: --canton Com.
pany, IS; Cumberland iron, 80 a 80: Western Union.
3d7s 81; Quicksilver, 6i& So; Mar,posa u 5s,;
On. preferred, liz ia; Boston wster rover, is
o Is; Adams Express, 67a a67ss; Wells Fargo Ex-
press scrip, ~ u $; American Express aga a 42st
United States Ex press, 1914 81; Pacific Mail 49, =
43ts: New York Central, consolidated 81 a o. y :
do. scrip, ssa ssss; Erie, 221i 225f: Harlem
1894 is4; Reading. goai 9e,s; Michigan Central.
1908 l23; Lake Shore a3}a 935s; Union Pacific
25H 2eJa; Illinois Central, l37 1917: CIeye.
land and PiiLsburg, 1861 1917; Chicago
and Northwestern. s0s4 81; do. preferred
$50 a ssss; Cleveland, Columbus, Cincinnati and
Indiana, So. soh ; New Jersey Cekral, IO7 a los:
Rock Island, 1864 a III; Milwaukee, and St. PAU,
"a a 641s: do, preferred, sI,a a ST.: Toledo,
Wabash and Western, 52ai 527s; do prefer
rcd, "a so; Fort wayne, 93; Chicago and
/ Alton, 1924 bid; do preferred lI3 bid: ONO ana
Mississippi, 32h 32t4; Delaware, Lackawanna and
Western 1oI7s; Morris and Essex, 80 o 905a Boston,
Hartford and Erie, IA s; Hannibal anu st. Joseph,
40: do. preferred, ll43a bid; Columbus, Chicago
and Indiana Central, ia u l7M.