The New York herald., 1870-03-23
THE MONEY MARKET.

There was a shade more activity IN money to-day,
and while the general busidess was at four TO i've
per cent on government and stock colIaterals there
were numerous transactions at six per cent where
the securities pledged were miscellaneous stocks.
The increased activity Is due tho increasing
nme OF speculation at the Stock Exchange. the buy
ing movement leading to more widespread engage
Ment OF money. The banks report the outward
movement OF currency as very hight in comparison
70 what was anticipated nc this season.
COMMERCIAL PAPER.
There is a good demand for commercial paper,
with the preference for prime acceptances running
from sixty days to four months. Six months paper
Is hardly salable, except at a large concession in
rates Of discount For the grades first mentioned
the rate ranges from seven to nine per cent. Single
names more irregular and range from eight 70
eighteen per cent.
The suspension OF dry goods commission house
m Leonard street and another firm in this city are
announced. No statement is given OF liabilities.
Their embarrassment Is attributed 70 over advances
ON consignments from the Eastern mills.
FOREIGN EXCHANGE FIRM.
The light supply OF commercial bills rendered
foreign exchange strong. To-day the market
rather active and closed firm on the basis Of 1857
for sixty day and lo9H for sight sterling.
sTocgs STRONG AND ACTIVE
The stock market was strongly active in the
Northwest shares, Lake Shore, St Paul ana New
Jersey Central. The nrmer feeling was assisted fE
the steadiness In gold which condition was waited FOR
by the stronger buyers as preliminary to "bul,
movement In stocks. The banking movement ind
eating a deferment as well dtmlnution in
abe demand for currency in the rural districts much
confidence is felt by the possessors stocks that
no stringency in money is TO be apprehended until
the middle of April the 1st OF May, II then the
activity should lead to more than seven per cent
market. In the miscellaneous shares Canton was
active ana strong the report that after the 1st OF
May the company will be able TO lease their land
exceedingly favorable terms, the old leases made
before the rise IN real estate, will have then expired
The following were the closing prices OF stocks at
The last session of the Stock Exchange:-CanIon
62I o 621s; Cumberland, 275S 80; Western
Union, SO a aS1z; Quicksilver, 10 10k; Mariposa,
o o: do. preferred, ls 10; do. certificates 4s a
b0h; Pacific Mail, 331a bid; Boston Water Power,
IL q l7a4; Adams Express, 6la6 a 6l1k; Wes-Fargo
Express, 191a q 20; American Express, 3sI 3S1s;
United States Express. 45a4 46; New YORK Central
consolidated, 93i4 q 93H; do. scrip, 013s Ola;
Harlem, 143 o 144 do. preferred, I45 $50; Erie
FAX 2516; do. preferred, AZ A; Reading, 8614
96h: Michigan Central, 119ti 100; Lake Shore
S7x S77s; Illinois Central, 140k q I43; Cieve-
land and Pittsburg 9913 q 100; Chicago and
Northwestern 1871 73h; do. preferred, s51s s614;
Cleveland, Columbus and Cincinnati s34 74f4;
Rock Island, 122 o 1924; Milwaukee and ST.
Paul, 81 aGlh; do, preferred 541a 74zs; Toledo
and wabash. 457s a6; Fort Wayne, sS 931a;
Alton and Terre Haute, 36a a 3716; Ohio and Mis-
sissippl 2e1a 29&; Delaware and Lackaw anna,
1924 1885,; New Jersey Central, 103x lo4;
Chicago and Alton liz 1I25a; do. preferred, 112
1l6; Morris and Essex, 9o1z 81; Hannibal and st.
Joseph, 106 btd do preferred, 1o8 a 1o7; ST. Louis
and iron Mountain "A; Dubuque and Sioux City,
1865 1os Columbus, Chicago and Indiana Gen.
trai 1874 a lsA.
THE EXTREME FLUCTUATIONS.
The extreme fluctuations OF the day are shown 10
the following table OF the hghes. and lowest prices
OF the leading speculative shares:-
Highest LolCest.
New York Cen h Hud. Consolidated 934 93
New YORK Central Hudson scrip. 81 20zs
Harlem. ACKNOWLEDGEMENTS. 144 l432s
Erie... Observation-Disclosures. rs o47s
Reading Observation-Disclosures. 96X 98ss
Lake SnOre. ...s.s..s............. os ~
Wabash ........................... 46 45&