The New York herald., 1870-08-12


In the gold loan market the rate ranged from four
per cent for carrying to nat for borrowing. The
operations OF the Gold Exchange Bank were as fol-
lows Gold cleared, sl02, ,005, 900; gold balances
sl,7o5,6So; currency balances, s2oe2,192
MONEY THREE To FIVE PER CENT.
The better demand for money, arising out OF the
larger volume OF business and enhanced prices at
the Stock Exchange, induced some OF the banks to
call their five per cent loans 70 the brokers' whose
wants were however, readily supplied from other
sources at the rate. Prime houses were freely
accommodated at as low as four per cent stocks,
aud the government dealers were easy borrowers
at three TO four per cent. Commercial paper is in
moderate supply at 6s to ~ per cent with to sls
per cent bid, for prime double name acceptances.
FoREI0N EXCHANGE STEADY.
The dealings exchange are as yet almost en-
tirey restricted 10 sterlmg tie rates for which
steady to-day on moderate amount Of business for
the steamers OF the balance or the week. Rates
closed as follows. the quotations for other than ster
ling bills being purely Notwithstanding.
sixty days. commercial, l08< 10o; good to
prime bankers, 1o9n loesl; snort sight, 1loh a
1l0s; Paris sixty days. 5.l3S 5.i2ls; short sight,
5.oS1. 5.o6i4; Antwerp, 5.l31 a 5.l2h: Switzer-
land, 513h a 5.l2Is; Hamburg. 37s 37Il; Am
sterdam, AZ AZ; Frankfort. az 421s; Bremen
SOia a 81; Prussian thaers "a 74t6.
GOVERNMENTS QUIET AND STEADY
The situation or the speculative feeling touching
government bonds remains AS already reported
with perhaps duller tone to the business or to-day
the result OF the higher ruling of the gold premium
Prices were, indeed shade lower, and II is
slirewdy suspected that the foreign bankers had
they been out of the bonds which they are reported
TO be so heavily possessed OF, would have made
rad the market to-day on the strength of the
news from Europe. The market closed quiet, with
the following street quotations:-United States
currency skies, ll2 ll2h; do, 1881, registered,
ll4M lax; do. do, coupon, 1l4}i 1144 do.
hve.tNenttes, registered, May and November. 11os.
n l1l4; do. do, 1862, coupon. do, 11l'i 49, do.
do, 1854, do. do l1O7s lllt.; do. do, 1865, do
do, Ill q ll1b; do DO, 1865. January and July,
1902. 1lo: do. do. 1861 do do., Io974 10; do.
do. 1868, do do, 1895 lIo,s; do tenfortcs, regis
tered, loi4; do. do, coupon 1919 i0s.
STOCKS WEAK And LOWER
The tendency OF the stock market to move counter
to the gold premium itself to-day In spite of
the reports OF railway determination at Saratoga and
In spite OF easy money and other influences cacu.
lated to render the market firm II not buoyant.
There was considerable realization to insure the
gains OF the recent Improvement in prices, but the
speculative feeling for 4 decline seemed imperative
and puzzled The decline averaged one to one and
u half per cent for the leading speculative stocks.
Pacific Mail was especially weak on the dying out OF
the hope that the European war would impel
the directors to try a transatlantic branch
OF steamers meet the eJigenCies of the
present dearth OF shipping facilities between the
two continents, and Northwest was heavy and lower
despite an increase of over $4,000 in the earnings
for the first week Of August. The following were
the closing prices at the last session Of the Stock Ex
change Canton Company, 60% bid; Consolidation
Coal, 26 bid; Western Union, 34h 34%; Mauposa.
bid; do. preferred, o,1 10; Adams Express, 8St4
r. 6sS Wells-Fargo Express, II 1415; do.
scrip, * 8; American Express, 42L O 43; United
States Express, ~ u As; Pacific Mall, IS 3S3S At
lantic MAIL 30; New York Central consolidated,
o5M e5}s; do scrip, slb 9Hl; Erie, 234
bid; Harlem, 134h 1856: Reading, 95gi a 90:
Michigan Central, 11sM q 119; Lake Shore, 93n
s3s.: Illinois Central, 132 1885, Cleveland and Pitts
burg, 1o9 q 1os; Chicago and Northwestern, SO a
s21.; do. preferred sbS a s5'S; Cleveland, Colum
Dus, Cincinnati and Indiana, 7sI a so New Jersey
Central lO2x 1903: Rock Island, 1l3L ia; Mil
waukee and 81. Paul, 81 q 61h; do. preferred TX
TX: Toledo, Wabash and WESTERN 5OT 51K;
do preferred. 76X; Fort Wayne, Oh 94@
Chicago and Alton, III q 1ls; do. preferred, ll7I
Ilsb; ONO and Mississippi, 33ss O 331; Della
ware, Lackawanna and Western, 1O5 q log h; Morris
and Essex, ssh q s95S; Boston. Hartford and Erie,
81 a 81; Hannibal ana st. Joseph. 100 q 49,
Columbus, Chicago and Indiana Central, 177S 1872.
HIGHEST AND LOWEST PRICES
The following shows the highest and lowest prices
to-day for the leading active shares:-