The New York herald., 1870-07-31
MONEY 3 TO s FER CENT

MONEY TO FER CENT.
On call the rate easy at three to five per cent
all transactions above the latter figure being ex-
ceptional. Commercial paper was dun at seven per
cent for prime double name acceptances.
Foreign exchange was steady for short sterling,
which was quoted at 1903 ll0I, and barely for
sixty-day bills, which were quoted at 1o9& 1O9Js
One firm were said to have procured double
eagles from the SubTreasury, which enabled them to
offer short at Il0sI
THE BANK STATEMENT.
The weekly statement Of the associated banks is
again unlavorable, owing to another large loss OF
reserve. The decrease in specie is far below the
foreign export, which suggests the inference that
the high price Of gold has brought upon the market
further instalment Of the precious metal from the
rural districts and from private boards. The gov
ernment sold only million, while the discrepancy
between the shipments and the decrease in the
banks is two and a half Millions the decrease
in the specie item being four millions. The legal
tenders have Increased nearly amillion the deposits
have fallen of six and half millions and the
loans have been contracted four millions .he
servatve tendency manifested in the last item Is due
TO the steady export OF specie, which forces the
banks TO place themselves IN such position as to
guard against too sudden discrepancy between re.
serve and liabilities, such may follow the further
shigment OF specie and the anticipated fall demand
statement contrasts with its predecessor as rolows
Loans 80 ssss. .ooO 1os s2sl ass,s Dec. s. i5o,S55
rss,,on Specie; ss$5ssl2 sss Dec 4oss
Legal tenders 6a,07S,7ll 54,ss7,s5l Inc. S50,24O
GOVERNMENTS "oFF."
As foreseen yesterday the movement In gov
ernments was simply for the purpose Of getting
market here on which to SELL Hence, when bonds
came S31s from London this morning, the specula-
tors took advantage Of the buOyancy created by the
announcement and unoaded their bonds causing
decline OF u to x per cent. The CTS declined from
1925 O 100. The following were the nnal street
quotations United States currency, SKIES, III
1l1h; do, 1881, registered, 1l3X q
1l3s.; do. do, coupOn 11sH 113X do.
fve-twentes, registered May and November
109N 40; do. do, 1862 coupon, do, 11oh
110H; do. do, 1854, do do, 1O994 110:
do. do, 1865, do. do, 1ooN a11O1S; DO do.. 1885,
do, January and july 10SA 100; do. DO, 1867 do.
do, 1857 100; do DO, 1865, do. do. 1Os4 1OOh;
do. ten-forties, registered, 1861 1O7; do. do,
coupon, 106X 1O7.
STOCKS IRREGULAR, DULL AND WEAK.
The stock market was extremely dull. Prices at
the opening strong, in to the very easy
condition OF the money Market and quotations were
the highest since the reaction rom the depression
early In the week. Subsequently on the unfavor-
able bank statement and the closing strength OF gold,
prices declined the lowest of the day being made
toward the termination OF street business. The fol-
lowing the closing prices az the last session OF
the Stock Exchange:-Canton Company, 90 a 85;
Consolidation Coal, -61s 80; Western Union 34h
a34k; Quicksilver, 61s; MarIposa, 54 6K;
do. preferred, 10 101s; Adams Express,
66H bid; Wells-Fargo Express, 1877 bid;
American Express, 421S bid; United States Express,
4311 A; Pacific Mail, 40 4o14; New York Central
consolidated 93h bid; do. scrip, Sszs SO; Erie, 2l
%; Harlem, 1884 q 1342l; Reading, 961l a 81;
Michigan Central, 1S4 1lSH; Lake Shore, 81 91n;
Illinois Central, 131 133H Cleveland and Pittsburg,
109X 110; Chicago and Northwestern, 80 SO; do.
preferred s47S IS: Cleveland Columbus, Cincinnati
and Indianapolis, rs so; New Jersey Central 100
10ll, Rock Island 113 1137s; Milwaukee and st.
Paul, 59% 60; do preferred. 762S a 76A; Toledo,
Wabash and western, 4914 407s; do preferred,
Il bid; Fort Wayne, o41s 95: Chicago and Alton,
1l5S 1l6; Ohio and Mississippi, 34>s 34A;
Delaware, Lackawanna and Western, lO42i 1o5;
Morris and Essex, ssh ss7s; Boston, Hartford
and Erie. 3H Hannibal and st. Joseph, III; do pre-
ferred, 115 bid; Columbus, Chicago and Indiana
Central, Tx bid.
HIGHEST AND LOWEST PRICES
The following shows the highest and lowest prices
to-day for the leading active shares:-
Highest. Loacest
New York Central consolidated. 934 82A
New YORK Central scrip. ............. o9A sS1a
Harlem. Observation-Disclosures 1856 1874
Reading. .......................... 973S 96A
Lake Shore ACKNOWLEDGEMENTS. 91s 90A
Ndoasn ......... .-................. ava 49B
northwestern Observation-Disclosures. 62L 81
Northwestern preferred. ............ s5a 81.
Rock Island. ACKNOWLEDGEMENTS. l13X 1l3
Milwaukee and 81. Paul. ............. 6OH 59N
Milwaukee and St Paul preferred. 76sl 76
onto and mississippi. ....... 34A 33X