The New York herald., 1870-11-01
DO. ssn-fsrtaes, registered, loex . losx; do do,
coupon, l0ex lo61.

d2h; do, new, esh = s0n; vmgnn, OK
coupon, 50 . eAk; do.. new, os q "a; do.
| registered stock, old, 4oK Q 6ok; Georgia
skies, 30 81; do. sevens, 90 a e1; do. sevens,
old. 90 a %; North Carolina ex coupon, 4s ASK;
do. funding, 1884, 50 20; 40. DO. 1885, 80 50; do.
new, II 2s; do, special tax. % 0 22H; Mis-
ssuri skies, 9lX slk; DO, Hannibal and st. Joseph,
81 %; Louisiana SKIES. 70 . 72; do. new, es q
70; do, levee skies, rs II; DO. Dc. eghts SO 90;
do penitentiary sevens - 10; do railroad elghts.
~ 81; Alabama fves, 10 Q u; do. elghts, 101 q
lo2; do railroad eights, 05 100; South Carolina
SKIES. 80 SS; do, new, January and July, 81
6s do. do, April and October, o6 OF; do. regis
tered stock, DID, 10 "a; Arkansas SKIES, 81 e3 do.
seveAs, 66 6s.
MONEY EASY.
In the early portion Of the day, under an appre.
hension that the change In the Treasury programme
would produce activity, there were some loans on
Cali made at six per cent, but the bulk or the busl
ness was athve per cent, with frequent and large
exceptions at four per cent miscellaneous collate
rals The government dealers were as general
tnlng, supplied at the last mentioned rate. prom.
ihent Broad street house, said 10 oe lending cur.
rency Tor account OF tho Canadian banks, placed
several heavy amounts at and 8H per cent for
sixty days. Commercial paper was still quoted 7 q
| sk per cent for prime double names.
Foreign exchange was dull but steady on the basis
OF io94 iosH for prime bankers sixty day bills,
and loos< 1907 for sight sterling.
TIE STOCK MARKET STRONG.
The stock market was unsettled In the forenoon
under the apprehension that Secretary Boutwenis
change OF programme would interfere with the ease
| OF the money market and prices went on during
ana Just after the morning CALL But the signs Of
the money market pointed to continued ease despite
this alteration, and as 1t began to be rumored that
the late opposing cliques had compromised
QtfYercncrs thaf tho shoar nm
been suffered TO cover their contracts, ana
get OH the other side OF the market.
to eject which manGuvre they had been assisted by
the "buls," who, 1t Will be remembered, exhibited
30 lnexplcabe an Indifference to the recent down.
ward movement, there was . sharp upward turn in
the afternoon, and prices, In some instances ad-
vanced half to three.quarters per cent over the
lowest Of the forenoon In this reaction Western
Unsn Telegraph took the lead and rose from 80 TO
4oh, and was followed moro or less closely by the
more prominent railways. Here again rumor is
busy with the causes which have Influenced the ad-
vance in this particular stock. 1t Ia said that the
whole object OF the party now controlling # is to pre-
pare for an absolute sale OF the line to the
government next winter at the rate OF fifty
cents on the dollar for the present share capital As
means to this end the new directors have been
chosen with reference both 10 their influence with
the members OF Congress and to their business capa
city as managers OF corporations. The new beard
comprises gentlemen OF social and political impor
tance In every section OF the country whose efforts
will be directed to secure the cooperation OF the
members OF Congress from their respective districts
in favor Of theplan OF a government telegraph. It
Ia not intended that the project shall be ut all
questionable or suffer from any suspicion OF
jobbery for the line has been remodelled under
Its new managers and O great system Of economi.
cal administration introduced. The senscless
quarrels with the press-the best patrons
Of the teegraph-havc been settled and amIcable
tarifr Of rates adopted. The last annual report
brought the affairs OF the company down to July l.
the year so embraced including the depression ana
dulness OF trade which followed the great panic of
1s0o anu OF unfavorable results, consequently,
to the telegraph business. Since July 1, however,
the larger tolls, In connection with the active
trade Of the country apd with the volumnous press
| reports OF the European war, combined with an
| economical administrator, the details Of which
| have been suggested by iinancers who doubled the
! capital OF the New York Central Railway, afford
reason for believing that the enterprise can be rem
dered one capable Of paying without intermission
or interruption scmiannnal dividend Of not less
than 2a or per cent. On this ground the agitation
for Its purchase by the government may be honor
ably conducted and enlist the efforts Of sincere men
In every section OF the country, tile movement being
government which bought the lines 1t now controls
by paying such pro rata to the average annual
dividends al would Authorize the purchase OF the
Western Union line ct 80 per cent Of It's capital
stock. The postal telegraph issue Will be one OF the
most important questions that viii occupy the at
tention Of Congress next winter. The public win
sanction any honest means which will place at their
disposal facilities for more rapidly intcrchang.
ing communication with each other. AZ
telegraph is destined to supplant the mail bag
Is the means Of business intercourse. The
following were the closing prices at the last
session Of the Stock Exchange:-Cantsn Company,
eex e7A; Consolidation Coal, 20; Cumberland Iron.
SO; western Union 39X bid; Quicksilver, ~
5k; Mariposa, ~ 8; do. preferred, IL;
Boston Water Power IL bid; Adams Express,
cox o.; WellsFarge Express, 81 87sl; do. scrip.
2H 3; American Express, 481S 4sa<; United states
Express, s8A . "a; Pacific Mall, AZ . 424;
New York Central consolidated olX 91K;
New York Central scrip ss3S s6a; Erie. 22zs %;
Harlem, 1874 1885, Reading, loO,S bid; Michigan
Central 12oH bid; Lake Shore, S2x 92a; Union
Pacific, 2sX . PAX; Illinois Central, 1sS o 1877;
Cleveland and Pittsburg, 104 . 105; Chicago aud
Northwestern, 79A so; do preferred, SO ss1s;
Cleveland, Columbus, Cincinnati and Indianapolis,
s0A bid; New Jersey Central, 1os1< 1os; Rsek
Island, 110 q I1o4; Milwaukee and ST. Paul, el1fa
OK: dc. preferred, SO sox; Tsleds, wabash and
western, 5lH 81; do. preferred, "a bid; Fort
Wayne, s33f q 93x; Chicago and Alton, 115h 11d;
do. preferred, l16A 1l71k; Ohio and Mississippi,
82x S2A; st. Louis ana Iron Mountain, 47a 4s;
Delaware, LasKawanna and Western, 1904 losX;
Merris ana Essex, 0lk q %; Boston, Hartford
and Erie, 8X az; Columbus, Chicago and Indiana
Central 7xa17H.
HIGHEST AND LOWEST PRICES or STOCKS
The highest and lowest prices Of the leading specu
lativc shares are shown in the following table,
Hf0hest. L0lcest
New Ysrk Central consolidated. 92x 91k
New York Central Scrip. SIX 86X
Er1e 15't ZZA
Reading. Observation-Disclosures. 101 100H
Lake Shore OBSERVATION-DISCLOSURES. PAX 92k
wabash. Observation-Disclosures. b2ss SIX
Northwestern. en............"........ 80,1 7sH