The New York herald., 1870-02-17

OF the Cold Exchange Bank were as follows:-
Gold cleared. ."....................... $xi,o!Sooo
GOd balances. ..................s.". l,U4i'zoi
SuircnCy odiuhces. ',@oA'-os
THE MONEY MARKET
was without essential change, except perhaps
lille better demand among the stock houses OF SIX
per cent owing to the increased volume OF business
at the Stock Exchange. The supply was fully up TO
the demand, however, and rates on extreme quo.
tations ranged from four to six per cent the i0rRer
figure beng quite general among the leading gov
ernmeRt dealers. Commercial paper was steady
and IN demand at from six to seven per cent.
Foreign exchange was irregular, and the prime
bankers sti disagree as to rates, the majority ask
ing 100 for sixty day sterling. and one leading
house 10S7s. Good bankers was quoted Of 1881.
Sight bills ranged from 1925 to 109N.
STOCKS sTRoNG-ERiE ACTIVE.
The stock market was again strong ana In most OF
the list buoyant and active. The exceptions were
Reading, which declined to s7's and reacted to ss,
the fal having been too rapid for those members OF
the clique who had not put out line Of shOM sales.
The Other exceptions were the Western railways,
which were heavy under decreased earnings,
Chicago ana Northwestern showing a falling or OF
s1191S for the second week in February compared
with the corresponding period IN 1852 The common
stock or the road just mentioned declined 10 "a and
the preferred TO 907s. Lake Shore receded TO 49, AS
tHe present. etmpdfBH fS uufVefsuHy uehhoWpuGSu
to be "bup one 1t indicates the caution begotten
OF last Septemoers panic, when the pubic make dis
crmination against lines whose earnings are decreas
ing while their directors are overissuing stock and
borrowing money to declare dividends. The latest
movement Is III Erie and the Vanderbilt securities
The latter we're the feature Of earlier transactions
and were advanced about one and quarter per
cent for the Central stock and scrip ana about one
and half per cent for Harlem. The upward turn N
Erie was quite sharp the report that the trustees
of the English shareholders had arrived and that
bill was before the Legislature to repeal the per-
petuai directors bill OF last year. IT 50 rentened
the Ssh orts' that in covering some OF them paid
high 29l for the stock. The advance brought out
free sellers, aad the price eventually declined again
to 26A. in the miscellaneous shares Pacific Mail
was strongly active and advanced to 44h but here
gave way with the softening OF the market,
brought apont by the decline in the Western
railways and upon realiZat0ns by some large
holders desirous OF making the profit Of
the rise which the stock has recently made.
The following were the closing prices Of stocks at
the last session OF the stock EXchange:-Can,0n,
IS a 5s4; Cumberland, 33s4 34n; Western Union,
2426 3516; Quicksilver, l3x a1414 Mariposa 10; do.
preferred, 2oA 81; do. certificates, 40 a 81;
Pacific Mail, 4324 433s; Boston Water Power, 1sk
17h; Adams Express, % u 62%; Wells Fargo
Express, 2O1s a 2c2: American Express, 37x a 37s;
United States Express, 5oA bid; Merchants Union
sM bid; New York Central consolidated, 98n aS IL;
do scrip. 9e>s sss; Harlem, 147's las; Ere 2sSa
20; Reading, 0s1s ss4; Michigan Central l20 l22;
Lake Shore 800 s9ss; Illinois Central l4e,s q
143h; Cleveland and PittsDarg, 1925 DID; Chicago
and Northwestern, 7AtS q Hl4: do. preferred, 9li4
y 9l2s Cleveland, Columbus and Cincinnati, "a q
741s; Rock Island, 123 l2314; Milwaukee aud st.
Paul, 67S 67a; DO. preferred Sis SO; Toledo and
wabash, Az AK; Fort Wayne, o. q 82j4; Alton
and Terre Haute, 80 32a; do. preferred, 81 * 62
Delaware ana Lackawanna, 105 9 1868; New
Jersey Central, 100 100l; Chicago and Alton, 1I6
1ls1a; do. preferred. li6 bd Morris and Essex, S6H
s63s; Hannibal and st. Joseph, 106 q l0S; Du-
buque and Sioux CITY, 1o9s Ill; Columbus.
Chicago and Indiana Central, 2o5S q 2OI.
GOVERNMENTS LOWER.
The government market sympatnized with the
lower nuctuation In god and was hammered by
the bears, VINO circulated a cInGrd to the effect
that the government needed $50 900 600 q next
month to pay pensions Mr.. Boutwell, would be under
the necessity OF disseminating MS bond purchases
In the same way o story was circulated that gold
he'd been secretly sold through the Sub-rreasury
the only foundation for it beng IN order TO certal
banking houses TO take up deposits OF bullion lett
by them al the Assay Onice, on which advances Of
money had been made. c0,trary TO recent tnierpre-
OF Inc power OF tne III CnaTgc Ol
branch Of The puoic The following were the
closing street pr!ces the government ylst-Dnited
STATES currency SKIES, 11l5 11l4; do. SKIES 1881
registered, l175s als do do coupon, 117. 49, do.
hve-twentcs, registered, May and November, L4x
a. 1143s do. do, 1852, coupon, do 1l4z6 115; do.
do, 1854 do do, l14A l14M; do de-, 1885, o.,
li44 l14ss; do. do, registered, January ana July.
l13A a1131s; co. do, 1865 coupon, do 1131 II3la;
do. do, 1867, do. do, 1l3ss 113ai; do. do 1865,
40. do, 1888 1875; do. ten-forues, registered
lO9A 1O0Iz; do. do, coupon, 1929 ll2ls.
THE SOUTHERN STATE BONDS.
In Southern securities the new Teunessees con-
tsnued weak and declned to 40, the old bonds being
steady. The yirginias were without specia feature
letter from Richmond intimatcs It as very rrObar
ble that the state will fund the interest of the cur
ieit year ana begin, and after July l. 1871 to par
the coupons regularly in cash. North Caroinas
were hcavy !n the o,d bonds and steacy in the new
The G0ursanas were active and strong, with good
del iand on domestic and foreign account. The
South ftaroiinas were dull.
THE CHESAPEAKE AND OHIO RAiIRoAp
Tae fnalcial agents OF the Chesapeake aud Ohio
Railroad ann that the first mort gagc bonds
for disposal 10 the pubic.
TIE EXPORTS or THE WEEK.
The following shows the exports Exclusive or
specIej from New YORK 10 foreign ports for lbe week
ending February IL, AID since the beginning Of the
Eear:-
.ok sa1sSs7 1sS 81 issS essces 50 asi a,;q sso
PREV. reported. le,258s93 l7,4375og 1915, 55s