The New York herald., 1870-02-13

our city banks beginning to send home the notes
Of the country banks for redemption and the latter
having larger line OF deposits for that reason
compelled TO draw greenbacks from New York
wherewith TO make up the required legal tender re-
serve. 1t is TO be hoped that this process Of redemp
uon Will continue until the currency IS more evenly
distributed. The in specie Is due to the large
customs payments during the week. The last Two
statements contrast as follows:-
F5b. 5. Feb. IL
Loans ns................$ $264, ,ll9 s265, ,s64652
specie e....-.........-.. oo,y9l,.4o .oo.Lioa
CHcuiauon. ............ o., 80 90 20 ,o,'oo
Deposits. Li4 10y, IIS -l3,isZ
Legal tenders. .......... oo,43o,oso 5o,to3,ooo
The changes IN each item In detail as follows-
Increase In loans 81 35O 533
Decrease In circulation. on..................-. $4,000
Decrease IN deposits ,5o6 439
OecreaSe In lesa teuders.. l,44o,oS4
THE MONEY MARKET
was steady as four six per cent, with large bal.
ances Offering at four to i've per cent for the two
days interest to Monday. Commercial paper was
without new feature. Foreign exchange was dull
ON the basis OF los5s l09 for prime bankers sixty
day, and 1904 10 lo9s for sight sterling bills.
GOVERNMENTS STEADY AND STRONG.
The government market was strong at the opening
and prices advanced about quarter per cent on
those Of yesterday, but with the decline in gold
this afternoon lost the advance and closed steady
NIX; DO skies, 1881, registered, 117h 1l7z; do.
do. coupon, 117'4 1177s; do. nve-twenties, regis
tered, May and November, l141s l143S; do. do,
1852. coupon, do, lI4s 114al; do. do, 1884 do,
il4S 1lli4; Go. do, 1855, 1145s ll45s; DO. DO,
registered January and July, l13A ll3k; do. do
1855, coupon, do. 1874 1l3's; DO. do 1867, DO,
ll3h ll3ss; do. do 1865, do, l13 1l3'1; do. ten
forAes, registered, l09 1094; do. do., coupon III
. ll24.
SOUTHERN sECuBIrIEs-rHE TENNEsS SEES ACTIVE
There . lively and rather excited market for
the new Tennessees this afternoon, particularly at
the second session OF the Board when some or the
'-shorts' became frightened and began to cover,
with the result OF putting the price from 51s to IS.
Dispatches from Nashville announced the introduce
ton OF measures to forecosc upon defautln0 rail-
roads After the call prominent operator was
free seller as, 1t Is supposed, for speculative
count and broke the price to 52Z again, the trans
actions OK the afternoon at the Board, IN the Long
Room ana the street reaching nearly two mil
lions of dollars IL Will be remembered that atten-
tion was called TO the fact a few weeks
since that heavy orders were In the market
purchase bonds on account or the
Louisville and Nashville Railway Company,
who have acquired some branch roads In Tennessee
and desIrous OF cancellng the bonded debt
which tscy may do by turning In the equivalent In
State bonds. The brokers VINO had the purchase IN
charge suffered the matter to drop at time for
the purpose OF buying as ch eaply as possible and
the fun disc overy OF the plan induced many OF
the shorts TO cover. At the advance, however, q
line OF sales put out and the price reacted
as narrated above. The old bonds were streng by
sympathy. The general list was steady and strong.
Louisiana Levees firm, the skies selling at
T31l, although the State sevens quoted H. IN
cluding accrued interest. South Caronas were
duh, and the only sales at tho boards comprised
o small lot OF The Old at sS1S and of the at s2K
The following were the latest street prices for the
Southern llst--Tennessce, coupon, 81 q IS; do,
new, 521l a So; do. per cent, AZ 40; Virginia,
ex coupon, s21a Sc; do new, 65h GO; do,
registered stock, 81 81; do registered 1866, 90 81
40. registered, 1867, SO 5s; Georgia. sixes 81 81;
do. sevens, s21s 93; do sevens, interest payable
In Georgia, 81 q 90; North Carolina, coupon, 45N
. l6; do. snew, 20 a 26A; Missouri sxes
eI ok; 90. Hannibal and st. Joseph ol q o.;
Louisiana skies, 74a a75; do seven per cent, 70 .
~; do. eight per cent, so 49, do levee SKIES 73H
"a; do. do. eigDts, s455 s5; Alabama eights, %
0<h; do 1ves, 62 68 DO. SKIES sterling, rs So;
south Carolina Skies, SO = 50; do. new, 81 S2h do
registered stock, so 81; City Of emphis slxes ii
s2 do. Atlanta eIghts, 81 S6 do. Savannah sevens
"a a s5; do. New Orleans consus, 10 u; do. do rail-
road issues, os 20; Mobile and Ohio sterling, 70 ~;
do. eghts o2 co. Mississippi Central Railroad, first
mortgage ~ a Is; do. second do, 65 81; Memphis
and Charleston, first, 81 S5; do. second, "A 70;
40. stock, 90 ~; Greenyille and Columbia guaran
teed, o. 60; Macon and Brunswick sevens auarau-
iced Dy state OF Georgia, 10 a 50.
THE CITY BASK sToCKs
The following were the bid. for the city bank
Gtocks:-New York, 134; Manhattan i43: Mer.
chants, 124; Mechanics, l35; Union l2s; America
i44 CITY, 2l0; PnGnix, 1906 North River 90: Trades
mems ls2; Greenwich, 2oO Mechanics aud Tpaders'
I25; National, lis; Merchants Exchange lo2;
Leather Manufacturers. lso; state OF New York
Io4; Commerce, 100; Ocean, IS; Mercantile, ll5;
American Exchange, 1ls; Bank OF the Republic, lie;
Bank OF North America 100; Hanover, io2; Irving
49, Metropolitan I4o Citizens, 100; Grocers'. lo;
East River, 1o5; Market 122; Nassau, lo5; Corn
Exchange, 125; ST. Nicholas 1l5; Commonwealth
s40; Park, 100; Manufacturers and Merchants, 100;
Central National, los; Fourth National, l02; Ninth
National los; Tenth National 1906; oriental l50;
Bankers and Brokers' Association, 10,
STOCKS SHADY.
The stock market was generally steady and closed
dull. Rock Island was active. and alter declining TO
IIgJl advanced to I291s. The Northwest shares
we're heavy and on light sales maintained tendency
70 "preak.n The stock IL largely held by q small
chime who arc very anxious to sell at present
prices. Reading Was strong aud roseso os9s. Terre
Haute sold nc %. Chicago and Alton is quoted ex
p,ly,leVe OF the pfty shares new stock authorized
rsceaty by the alTsetoM la Ds mlsssaa