The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1870-11-18

$500 A. M......... 1l2h 12:4s T. M.......... hex
isas ns4 +. n a...... iaa
II II "A a. M...,.. ii34 SSs M'..... 1lsS
1928 p. M........ l13h $3.50 7. NJ. .1i27s q NIX
In the gold loan market the rates were two,
three and four per cent for carrying. The opera
tons OF the Gold Exchange Bank were as follows:--
9ola cleared. SOS 22l, 900
Geld balances. 1886, o23
currency balances. OBSERVATION-DISCLOSURES. 1.soo,l33
The SamarLa, for Liverpool, took out 100000 in
specie.
FOREIGN EXCHANGE STEADY.
The foreign exchange market was flrm under the
unfavorable advices from London early in the day.
but was barely steady on the later advance In the
English FUNDS, and the leading bankers showed
moro disposition to draw, while actual transactions
out OF second hands were done at an eighth
to a quarter per cent below the counter
rates. The nominal quotations at the close were as
demonstrating, sixty days. commercial, 1881
los; good to prime bankers 100 109N; short
sight, ITO 1101; Antwerp, 5.21I 5.18H; Switzer-
land 5.lsA 513N; Hamburg, 35s3 q 36h; Amster-
dam, 4OH Al: Frankfort, 4oss AK; Bremen, 7sI
q 70; Prussian thalers, Tx arr
A GOVERNMENTS LOWER.
The decline OF fve-twenties in London unsettled
and weakened the government list, and the e2's
fell to tl07K-these issues responding more sensi-
sequently the advance In gold checked the Decline
and at the afternoon boards the market became arm
OF reaction, maintaining It's strength at the close
when the decline in gold was In turn offset by the
advance In the London quotation. The market was
steady In final street dealings, when the following
prices Limited States currency sixes Ill
111S: do, 1881, registered, 11sH l13X; do. do.
coupon, l13,< 1881; do. fve-twenties registered,
May and November, 1861 108x; do. DO, 1852
1OeA q 1oeH; do. do. 1855. do. do, 1909 1867;
do. do, registered, January and July 100 I09x;
do. do, 1865. coupon, do. 100 10911; do. do,
1867, do. do., 1927 1921; do. do, 1868, do do,
1921 1osH; do. tenforties registered, 10ak
1861 do. do, coupon, 1904 1861.
THE GOVERNMENT PURCHASE OF BONDS
In accordance with the terms Of the November
programme OF Treasury operations the Assistant
Treasurer received proposals for the sale to the gov
ernment Of one million OF fve-twentes The
amount offered was s4,735,0 600 The million was
bought at prices ranging texnterest from lo64s to
l06.50.
MONEY EASY.
About one O'Clock, the hour when money engage
ments are generally made, there was quite an &C.
tive demand at Six per cent and a few loans at
seven were reported. But after two O'Clock the
offerings were more than sufficient 10 meet the de-
mand, even at five per cent, and the
government dealers were freely supplied at four
per cent. 1t is supposed that the activity first
noted was the result OF q movement against the
Stock Exchange on the part OF operators for de-
cline who expected to precipltate strlngcncy at
moment wnen the street was excited by the fnan-
cial news from London. Commercial paper was
quiet and prime acceptances were current at AK
per cent.
THE STOCK MARKET INACTIVE
The stock market was depressed by the foreign
news, but became extremely dull rather than weak
and prices for the active list exhibited unimportant
changes. 1t was market satisfactory to neither
'bulls' nor "bears;'' for when gold finally declined
20 ll2A tle recovery was not SO marked as the
'bulls'i anticipated. TIE best prices OF the day
were made towards the close OF business in the
Long Room. the market falling of about an eighth
per cent all around In the final street dealings. The
following were the closing prices at the last session
OF the Stock Exchange:-Canton Company, O5 a 70;
Cumberland Iron, 20 bid; Western Union, 42h a
42R quicksilver bid; Mariposa. 62l a 7A; do.
preferred, IoH a 1917; Boston Water Power, i715
1876 Adams Express. 81 6714; Wells-Fargo Ex-
press, 1874 a 3S&1; do. scrip. az az; American
Express 46S BID; United States Express, 35N S5h;
Pacific Mail, 4l& a AN; New York Central
consolidated, 92A 925s; do, scrip, SIX
s7n Erie, 223s; 40. preferred, AK bid;
Harlem, 1872 1873; Reading, 1o1s q 101X:
Michigan Central 1903 121A; Lake Shore, 92M
90; Illinois Central, 1881 1868; Cleveland and
Pittsburg, 1861 o 1o5x; Chicago and Northwestern
70 1917; do. preferred. S91s 500; Cleveland, Co
lambus, Cincinnati and indianapolis, 70 bid; New
Jersey Central 10S 1885 Rock Island 11215 1924:
Milwaukee and St. Paul, 59'S bid; do. preferred, sou
a s01S; Toledo, WABASH and Western, 5l2l sly;
do. preferred, 70 70; Fort wayne 9351 9i}1; Cnt
cagq and Alton, lis 49, do preferred, 1i5aI 1I7
OHIO and Mississippi S21s 321s; St. Louis and Iron
Mountain, Az; Delaware, Lackawanna and West
egn, 1924 bd Morris ana Essex. ok a 92ia Bos-
ton, Hartford and Erie, 81 s7s Hannibal and st.
Joseph 1o5 a 1861; do. preferred It's ll5x Colum
bus Chicago and INDIANA Central 1s1s 1877.
THE ExrREaE FLUCTUATIONS.
The following table shows the highest and lowest
prices or the leading stocks during the day:
HIGHEST LO1cesf