The New York herald., 1870-01-04
FINANCIAL AND COMMERCIAL.

FINANCIAL And COMMERCIAL.
WALL STREET,
MONDAY, jan 80 Il. M.
To-day being the frst business day OF the new
year much curiosity was manifested as to the course
which the different markets would take.
CONTINUED DULNEss.
Whatever expectations OF revival OF activity
were indulged In were doomed to DISAPPOINTMENT;
for it was the dulost day known to tho street for
very long timc. The vicinity OF Wall street was
certainly lively enough so far Is the presence Of
people Il conccrned; for there was vast tnrong
al dag pouring In and out or the Sub Treasury and
the various banking offices cashing coupons ana
collecting interest aud dividends; but there was
almost q suspension Of buslness at the Stock Ex-
change.
THE PUBLIC DEBT STATEMENT
The debt statement for December shows roduc-
tion OF s4,sl2r00o Tbe coin balance December 81
was 500, ,ooo,ooo inclusive OF $4,000 gold certia
Gates, snd the currency balance over sl2, 100000.
GoLD-THE TREASURY PROGRAMME.
AS was quite generally anticipated, there has been
decided modification OF the Treasury programme
OF gold sales for the month. Instead OF ten or
twelve millions the amount Is reduced to four mil
Hons The Secretary OF the Treasury In making his
bond purchases larger than his gold sales win be
generally commended; for the effect win be to add
70 the ease OF the money MARKET Owing to the fact
that there was sonlc delay IN the receipt OF the mail
Instructions TO Assistant Treasurer Folger the
began to doubt the morning despatcnes, but was
eventually satisfied when the programme was late
IN the day, officially made known IRON, the Sub
Treasury as follows:--
SALES OF GOLD.
January Gone mllliOn lslnkng fund.-.
January l2-cne million Especial fundl.
January 20-One million sinking fund,.
JANUARY Zo-One million special fund.-.
PURCHASES OF BONDS,
January 5-Iwo millions tspcciai fund.-.
January l3--one million (siuEirg fund.-
January 1.-TWO millions Especial iund).
JANUARY 2,-One million (slnXing fund.-.
The dealers IA the God Room were the tiptoe OF
expectancy as TO the eject upon the premium; for
It was the general impression that gold would 90 up
as consequence OF the dimlnution OF sales Tho
opening pricei2o 4-seemed to verify TINS impress
sion busiater the market gave way and the price
gradually declined TO lleh. The natural condition
oil the market Is heavincss, and hence the decline
Our exports OF specie for 1860 were thirty NH
lions less than 1858. Hence we have this
large sum On the marke. at the outset OF 1870.
Then the disbursements OF the sub.Treasury for the
January Interest constitute steady supply, which
overcomes any effort the premium makes to ad-
vance. We have more gold Ia the country than we
had year ago. The balance IN the Treasury Is now
light, but the gold has no. been sent abroad 1t
remains with us, aud its plethora bears down the
price,. AS to the speculative Influences, there Is
little or short interest. The price has fallen 10
low that operators not disposed TO 'go snort.r
On tue other hand, the carrying rate heavy thar
the ''bulls'' are equally ndisposcd TO buy. The
sales to-day have been largely on account OF bullion
dealers, who have casbed the gold for holders OF
government bonas then sold the gold to the best
advantage IN the Gold Room.
THE STOCK mARKEr
was utterly nat, and "ordersn were few ana far he.
tween. The transactions at the boards were not
enough to make sales prices for more than a frac-
u0n OF the list The course OF prices In the Long
| Room was irregular, but generally downward.
Reading, ST. Paul and Ohio ana MissIsspp. were
steady ana strong. Rock Island Lake Shore Ana
Northwest were weak and lower. The vanaerbllt
shares were unsettled New Jersey Central ana Erie
were active and higher the former being the feature
OF the railways In the miscellaneous iist Pacific
Mail again broke declining from a31f to 4Ias. West
ern Union despite the damage done the line by the
storm, was frmer There have been rumors for
some time that the directors or Rock Island intended
an issue Of four millions OF new stock, but nothing
definite is known concerning il. or course under
the rules OF the Stock Exchange suc an issue would
not be negotiable without the usual thirty days
notice.
rHR MONEY MAHKRT
very lrregulariy reported. While In some quar-
ters lenders complained OF getting only per cent
and In Others borrowers grieYed ut paying six
teenth to an eighth the general rate was seven per
cent gold among the stock houses and seven cur
iency among the government dealers. The distur-
bance incidental 10 the payment or interest and
dividends VIII not II IL thought, outaxt the week
II, indeed. 1t Is not ailzyed day or two. The
comfortable ease.
Commercial pnper WAS Without new feature,
Foreign exchange waa weak toward the close OF
business and rates irregular ana nominal prime
sixty days sterling being quoted at 1855. I0o3s aud
sighs bills 1o94 1895.
SOUTHERN SECURITIES
were dull and steady many Of the list being quoted
coupon The new South Carolinas sold at 10 ex
three per cent gold interest. The State agent in
this city reports that at the close OF business this
afternoon he had paid ss7,54e gold interest on the
South Carolina bonds, Old and new The following
were the closing street prices for the Southern list
Tennessee ex coupon 50 81; do, new, 4s u 46tt;
Virginia, ex coupon, AK a As; do, new, IS a 81;
do, registered stock, 41ha ~; do, registered,
1896, 50 64; do registered. 1857, 40 81: Georgia
slxes ex interest, n rs; do, sevsns, interest,"
So So; North Carolina, ex coupon, AZ a 43; do. new,
2gM 30; Missouri st<es, ex interest. 81 IS; do.,
Hannibal and Sr. Joseph, OK interest, So 30;
louisiana SKIES, es u II; do levee skies. s4h %;
do. DO elghts, so So; Alabama eighs. 81 %; do.
lives, 62 6a South CarOlina skies, interest, 20
IS; do, new, ex interest, u a AK.
GOVERNMENT BoNDs
were heavy In response to the decline Ia gold,
which, curiously enough wholly Offset remarkable
rise In London, where the 8Ts advanced 70 81. The
decline for the day was over one per cent for the
leading active issues The following were the
closing street quotations. which are coupon for
the 8l's the 65's. the 67s and the 6s's:-Unied
States currency sixes, 1885 l093; do. SKIES 1881,
registered, ll5 1l5h; do do, coupon. li5i1
1i5G; do. fye-twcnties. registered May ana No
vember, l121s a 1888; do. do. 1882, coupon, 40.
do, l13H 1l3,.; do. do, 1884, do. do, 1l21s
Il2A; do. do, 1865, do. do. ll2s ll2zs 40. do,
registered. January and July, lllh lllA; DO. do.,
1867 COUPON. DO do, III u . DIX: do. do. 1887.