The New York herald., 1870-02-12


patriots belligerent rights without delay The chief
fluctuations OF the day are shown IN the following
.sabe:-
1oA .12oK 1:2o 7. P.M............11sh
lo:is 4. M........i2oA ep. .llsI
- NJ. ..12oH 6P. M.:............12oA
12A4 7. NJ I'D $3.50 L. NJ. ...i20H l2O4
i. .M..,...........llVS
Holders OF gold had their balances carried for s,
IA, 8 ana 2 per cent aud free OF interest. The
operations OF the Gold Exchange Bank resulted as
follows
Gold balances. ...................,..... Lls5,66s
currency balances. OBSERVATION-DISCLOSURES. l4o5,630
TUE MONEY MARKET STEADY.
borrowers call. wita pledge OF prime COL
laterals have no difficulty I'm lrdng accommoda-
tlon at five per cent Large amounts continue to be
left With the leading dealers at four per
cent. Among the stock houses, however the rate
ranges from hve to Six per cent, with the greater
number OF transactions at the latter figure.
Stock operators are always content to pay
,anything up to the full legal rate. AZ the stock
brokers are seldom disposed to ''shin' the street
for easier engagements, they are the more generous
class OF borrowers; hence loans pledge OF stocks
are generally above the real market unless there Is
40 much competition among lenders to force
decline IN the interest rate Commercial paper Ia In
active request at six to eight per cent for the choice
grades OF double name acceptances. Prime single
names are current at seven to eight per cent.
Foreign exchange was fairly active for SATURDAYS
steamer, and rates were shade frmer, but without
change in figures Prime bankers sixty day sterling
bills were quoted 1857 a 100. The market has to
counter the competition OF a free supply OF CONNER
cal btlis drawn against cotton. tue shipments Of
which are unusually extensive, while the crop
promises an excess Of at least half . million bales
over last years YIELD
GOVERNMENTS STRONG AT THE CLOSE.
The inactivity OF the government market continued
IN tho earlier hours OF business. Under the lower
range OF the gold market and with the memory OF
the heavy offerings by leading dealers at the Sub
Treasury yesterday prices fell of and the market
became heavy. Here some OF the government
houses were large buyers, and as gold happened to
become strong and active the market went against
tho solera The indications are that some oi the
largest houses in the street on opposite SIDES OF
.tho movement In governments al interesting strug
slo may be looked for, together with a dissi
patton OF the monotony which has Of late
characterized the market The latest street prices
Tor tho government list were as follows:-United
States currency sixes 111. MY; do skies, 1881,
registered 1l75l u.s. do. do, coupon l17i 1l77s;
do. nvc.twenties registered, May and November
l14K 1144; do. do, 1862, COUPON do, 1l4I 1l5:
do do, 1864 do 1lit4 1143s; do. do 1885, 1l4A
u41I; do. do, registered, January and July, 1884
1lsh do. do, 1885, co upon, DO. 1l3,1 1l33s; do
do 1887, DO, 113ss l13k do. do, 1858, do, 1875
113l; do. ten-fores, registered, l09h l09,4; do.
DO, coupon. 112l 1925.
THE SOUTHERN STATE BONDS.
The Southern list has been generally steady and
strong, but with little doing. The Tcnnessees and
North Carolinas have maintained tho Improvement
OF tho past week, while the Louslanas were active
for the leveo bonds particularly the eight per cents
which are in request on orders from abroad. 1t Is
n curious fact that the securities OF the State OF
Louisiana. which was daughter OF France before
becoming sister in the Union, popular In
'vestments In the mother empire. The old South
Carolinas were steady and firm, but the new issues
were weak and lower.
STOCKS IRREGULAR
the stock market was active aud strong at the
boards, with an interval or exceeding buoyancy
lust about noon, when there was decided 'bushr
aspect to stock SD ecuaton III general. The activity
was such as to occasion a rise OF half to two per
cent IN tho leading 1avorites, Harlem Jumping 10
150H, Pttsburg TO leo, Illinois Central to 147 Lake
Shore to SSM Northwestern common to "A and North
western preferred to 81. Rock Island advanced 10
.l20H. Ohio and Mississippi sold at 30s4 and Terre
Hautc at 81. Here there seemed to be considerable
realizing, the ''bears" also made foray, with
the eject OF rendering the market eyerish and caus
ing decline, which took Rock Island TO 1l9, Quo
to 291l, Lake Shore to sSs and New Jersey Central
ito 99H. st. Paul was steady and quiet between
744 and TAX. Erie was strong In the vicinity OF 2j
Boston. Hartford and Erie declined 10 OK a 67i.
chicago ana Alton in the prices below Is quoted ex
dividend Of i've per cent Toward the close there
was rally from the lowest prices but the market
cleft OF" without nrmness, and the street was In
ciined to the suspicion that the chques suffer
ling to react for tine purpose Of again selling upon
It, The Adams Express Company have declared
ri rara aharp af.l
OF March prox., to stockholders OF record, at the
closing OF tho transfer books. The following were
tho closing prices OF stocks the last session Of the
Stock Exchange:-Canton, 50 59A; Cumberland,
So Sc; Western Union, IS bid; Quick
silver. laS a IA; Marposa preferred, 2o,f
u 205{; 40. certificates, 40 y 6l; Pacific
Mall AK q 41,S; Boston Water Power 1ea, a II;
Adams Express, C21s 625S; Wei!s-Far2o Express
191 l9H; American Express, 80 o $685.; United
states Express, so o 80; Merchants Union, bid;
New York Central consolidated, 97A q s7ss; do
scrip, 05E e52l; Harlem, 149,< $50; Erie, 24h a
25H; do. preferred, AZ 44 Reading ok ok;
Lake Shore, SsA ssa; Illinois Central, las l40).;
Cleveland and Pittsburg, o9 Sa1s; Chicago and
Northwestern, TAX 73X; do preferred, 9o5s . 81;
Cleveland. Columbus and Cincinnati 74x y IS; Rock
island 120@ 1205z; Milwaukee aud st. Paul, 74s< q
lax; 90. preferred, so s91S; Toledo aud Wabash
46sd II; do. preferred, 72 73; Fort Wayne, 92 q
a21; Alton and Ierre Haute so aoji; do preferred,
50 ea1s; Ono ana Mississippi, aol5 SOs; Delaware
and Lackawanna, 1oa 1054; New Jersey central
100 loo1s; Chicago and Alton (sx diyidend) I40 a
l4a; do preferred lex dividend). lao u 1a3 Morris
and Essex, s6a s61s; Hannibal ana St Joseph los
Ito; do. preferred, loSs 100; Dubuque and Sioux
City, 1ossi a 100; Columbus, Chicago and indiana
Central, 10 q 19X. Tho extreme fluctuations OF the
leading speculative shares are exhibited in the iol.
owing table OF the highest and lowest prices OF the
iday:-
Highest Lopest
New YORK Gen. u lIud. consolidated e75s a6H
Ncw YORK Central and Hud. SCRIP. 95k gbiI
&arieM. OBSERVATION-DISCLOSURES. 1907 llSk