The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1870-07-20
MONEY MORE ACTIVE.

MONEY MORE ACTIVE.
The money market was more active and Dor.
rowers after one O'Clock paid seven per cent on
stocks Before that hour the rate had been SIX per
cent on miscellaneous collaterals and five on gov
ernments. The advance in rates Is due in great
measure to the speculatons at the Gold Exchange
and to the temptation which induces lenders to
employ their funds in carrying gold at the high
rates paid for loans upon that collateral. CONNER
cial Is as yet unchanged, but buyers are not 80
numerous. Rates range from six to seven and u
half per cent for prime double name acceptalces.
FOREIGN EXCHANGE ADVANCED.
The dealings In foreign exchange were confined
to sterling bills, which the leading bankers advanced
to full specie shipping rates--vlz. ll0s for sixty
days and 110x for sight, A few OF the bankers
were willing to draw francs but rates were exirava-
giant and nominal.
Late in the day il was announced that the specie
shipment tomorrow by the English steamer would
be less than four millions.
ANOTHER BREAK IN STOCKS.
The stock market was duh and heavy during tue
boards, prices falling OF half one per cent in the
period from the opening Of business to the close of
the last call. Here prices began to make quicker
descent and the market to become active gold ad-
vanced. When 1885 was reached there was a semi
panic, in which stocks declined quite sharply Had
not the downward Of prices been arrested by
Lne purchases OF the 'DearS'' the short IN
terest in the market being very extensive, the de-
cline might have ended more seriously. AS it was,
New York Central scrip fell to 30, Erie to %, Lake
Shore to o23<, Pacific Mail to 49, ST. Paul to COY
Reading to 95H, Northwestern preferred to So and
Ohio and Mississippi to 331S. Here god suddenly
broke to 1872 and stocks recovered half to one per
cent from the lowest prices the market closing
weak, however, at the reaction. The market Is
growing tired Of Its liability to these startling and
dangerous fluctuations, and those who are out OF
stocks have lost both the pluck and patience requ
site to buy again and hold for a removal OF the
nightmare of high gold. Cumberland, 40; Consoi-
dalton Coal, % a 80; Western Onion, s41s q 342l;
Quicksilver, bid; Marposa, e5s; do. pre-
ferred, 1911 a 10; Atlantic Mail, a.
Pacific Mail. AZ a 42%; Adams Express Ga ;
Wells-Fargo Express, 10 = 16; American Express,
a.; United States Express, 4s 4s1z; New York
Central consolidated s5si a. 95M; do. scrip
Ok olA; Harlem, 1s5 bid; Erie. "a. 22a1
Reading, oex seM; Michigan Central III
1l9; Lake Shore, 95 s51f; Illinois Central, 1856;
Cleveland and Pittsburg, 1os bid; Chicago and
Northwestern, s3A a "a; do. preferred, ss5S se4;
Cleveland. Columbus and Cincinnati SOY Rock
island, .1l2h 11214; Milwaukee and ST. Paul. o2x
o211; do. preferred, 1876 .s14 Toledo and
Wabash, SIX q 61H; Fort Wayne osz Ohio and
Aississippi 34ss s4a<; Delaware and Lackawanna,
JOG q 1o6; New Jersey Central, 10lX 102; Chicago
and Alton, 116 116l; DO. preferred, 116 bid; Nor
yis and ESSEX co. Hannibal and st. Joseph. III
113; do preferred, lis bid: Boston, Hartford and
Erie, 37s bid; Columbus, Chicago and Indiana Cen
tral, 1917 1914.
HIGHEST AND LOWEST PRICES.
The following shows the highest and lowest prices
tn,da IN no lead inn ntofi