The New York herald., 1870-03-27
THE STOCK MARKET DULL.


Business on the Stock Exchange was extremely
dull-more SO than usual ON Saturdays. The railways
were steady, II not strong, In the forenoon, but
with the decline in gold to 1l19S prices gave way
ana slight bear attack was made on the Vanderbilt
shares which took the stock to OIL and the scrip TO
S9H. Northwest sympathlzed with this temporary
weakness and fell to 70X. The market had been
previously rendered sensitive by break IN New
Jersey Central to 101, caused by rumors OF over
issue OF stock, which had their origin in the report
that the Extension Railroad bill recently passed by the
New Jersey Legislature and signed by the Governor
authorizes the New Jersey Central to construct
road from Elizabeth to Newark and also to absorb
the Newark and New York Railroad and issue stock
therefor. These rumOrs well as the recent action
or the Stock Exchange In demanding registration
OF the stock, evoked the following
OFFICE CENTRAL 7. r. Co., OF NEW JERsEY.l
NEW YORK, March 25, 1870.
SIR-At meeting OF the Executive and Finance
Committees OF this company, held this day, your
communication relative TO registering the stock OF
the company was read, and was requested to reply
thereto that the matter will be brought before the
att a. e 81 next ths regular MA meoag on the 1
crease their capital stock except by special act OF the
LEGISLATURE ana that 1ney have AVE eonyertible bonds
TO GEORGE Ii. BRoDHEAD, Secretary New York
Stock Exchange.
Upon the announcement Of the facts stated in the
letter the stock recovered to 1924, ana was steady
Island met this afternoon and, much to the disap.
pclntment OF the street. declared SEMI annual
dividend Of only three and a half per cent, free OF
government tax payable April IL, the transfer books
to close April q The price yielded to 110X, but us
the stock is known to be wholly cQued the ''bearsn
did not dare to sell the market, and hence the quo
tation was steady to the close at l19M 100. After
| the bank statement the market was briefly
active and became strong particularly for
| the Vanderbilt securities ana Reading. In
| the miscellaneous list Pacl1c Mail and West
| crn Union were strong, the former advancing to
322s and the latter to 31l&. In mining stock Quick
silver was steady ana Maripo weak, the preferred
OF the latter declining to 1oJs but reacng nearly
| two per cent at tile close.
THE CITY BANK SHARES.
The following were the bids for the city bank
sllarea:-New YORK, lao1i; Manhattan, I42; Mer.
chants 124H; Mechanics, l39s; Union, 134; Amer
lea, 145; City, 2lO; Phenx los; Tradesmen's 152
National, lls; Seventh ward, los; Stale OF New
York; lo7; Commerce. 1885, Ocean, 90; Mercantile, 12o
American Exchange, 113%; Chatham, ITO; Bank
OF the Republic, 1l6; Bank OF North America,
1o4; Hanover, 107 Irving, 1l6; Metropolitan 139;
citizens, 13o Groccrs 1l6; East River l05: Market,
100; Nassau 107; Corn Exchange, 1870; Continental
~; Marine. $50; Commonwealth, ia; Importers
and Traders, 14o Park, 1866 Central National, los1
Fourth National, LOG; NEth Natlonal ll0.s; Orien-
ta, 150H.
THE MONEY MARKET.
The rate call was steady at four to five per
cent on the various classes OF C0laterals.
Commercial paper was In fair demand at seven TO
| eight per cent for prime double names Prime
bankers sixty day notes were quoted six and half
TO seven per cent. Single names ranged from eight
eighteen per cent. Commercial paper having longer
| than four months TO run is unstable.
| Foreign exchange was stagnant after the steamer
but quoted nomnally at 1os3s loss for the
| grades or bankers sixty day sterling
GOVERNMENTS DULL AND LOWER.
The government market was heavy and lower but
| with very little doing. The range OF transactions
was OH the basis Of los for the '67's-a decline or
about one.quarter per cen. from the previous even.
ngs cIosiag prieesa result due TO tae still lower
quotations In the Gold Room.
SOUTHERN SECURITIES HEAVY.
The market for the Southern state bonds was dull
and ncavy for the general list. The Louisanas and
virginiss were again weak, but the latter rallied
dealings subsequent TO the boards the South Caro-
lnas were very strong upon renewal Of the demand
from the insurance companies, and the old bonds
sold as high as so,s The new bonds were corre-
spond.ng,y strong with none OF the July Issue one
ing at the close less than s3h. The Aapamas were
less nrm to-day and the fve per cents were lower.
THE IMPORTS or TIE WEEK.
The imports, other than dry goods and specie at
the port OF New York from foreign ports for the
week ending March 25 1870, were s41sl,oo5.
tue imports OF foreign dry goods at New York
during the past week and since the beginning o.
year were:--
FOR ne lyeeA: ls;s; dIa lssa; $50
l rhroW "A m m a at a.