The New York herald., 1870-01-14

vortible, 105; L8ckawenna and western bonds 9G;
Toledo and Wabash nrst mortgage extended 90; do
second mortgage, 30; do. equipment bonds 49, Great
western nrst mortgage 1883, SO; do. second mort.
gage, 1898, "a; Quincy aud Toledo first mortgage,
1880, Is; Illinois and southern Iowa first mortgage
20; Galena and Chicago extended, 90; DO. second
mortgage. 81; Chicago Rock Island ana Pacific Az
Morris and Essex nrst mortgage, 90; do. second
mortgage, 95; Cleveland and Toledo sinking fund
90; New Jersey Central first mortgage lO2: do
second mortgage, "a; New Jersey Centra. new Do1ds
ss; Pittsburg, Fort Wayne and Chicago first mort
gage. l0l1s; do. second mortgage 94ls do third
mortgage, III; Cleveland and Pittsburg second
mortgage, %; do third mortgage, IS; do. fourth
mortgage, 71l4; Chicago and Alton first mortgage
975s; do. income s7i6; Ohio and Mississippi first
mortgage, s0ls; do. consolidated 70; DUBUQUE and
Sioux City first mortgage, %; Peninsular Railroad
bonds. 50; st. Louis and iron Mountain bonds sls.
Milwaukee st. Paul first mortgage elghts, lO4;
do. seven and three-tenths 9lk; Milwaukee and St
Paul first mortgage. S991; do. Iowa and Minnesota
division. So; Marietta and Cincinnati first mortgage
81; Chicago and Milwaukee nrst mortgage s5x;
Columbus Chicago and Indiana first mortgage 7ls4;
do. second mortgage, "a; New York and New Haven
Skies O1 Boston, Hartford and Erie guaranteed 60;
Toledo. Peoria and Warsaw, Western division. rs.
FOREIGN EXCHANGE.
The foreign exchange market WAS Inclined to dull
ness, but had firm undertone although rates were
fraction lower, one OF the prime banking hrms
keeping their quotations eighth undlr other
houses. The range OF rates was as folows:-
Sterling sixty days. commercial, 1Os a iosll; good
to prime bankers. 1851 lOss; short sight, IOs.s
1o914; Paris, sixty days 6.221 5lssl short
sight, 5.l71s a 5.164; Antwerp, 522h a 5.lsst
Switzerland, 5.221s 5.1sL; Hamburg, s5k e6,.:
Amsterdam, 4oA 4oT; Frankfort, 4O1< Ao4;
Bremen. Ts7s 7s2s; Prussian thaers, 704 71A.
THE CITY BANK STOCKS.
The following were the bids to-day for the city
bank stocks:-New York, $50; Manhattan. 143; Mer.
chants. 10; Mechanics, 1855; Union, 1913: America
lio; City, 205; Tradesmen's l4s; Greenwich zoo;
National, 112; Commerce, 100; American Exchange
ia; Bank OF the Republic, lls1s; Bank OF North
America, 100; Irving, Ill; Metropolitan, 1885, East
RIVER l04; Nassau, 1902; Continental 97l,; ST. Nich
olas, III; Commonwealth, 1Os Importers anu
Traders, 1917; Park, 1865; Central National, 1857;
Fourth National, Iol1z; Ninth National, los; Tenth
National. a6; Bankers and Brokers' Association
l043s.
TBE STATE BONDS.
In Southern securities the most recent feature has
been the speculation IN South Caronas, the acuon
OF the legislature in making the payment OF the
interest In coin leading to sharp advance which
was combated by the professional ''bears' OF the
street, who always operate upon the principle tina.
rise must be followed by fall. Latterly however,
this 'short interest has been largely closed. and
new stimulant appears IN the demand for the bonds
on the part OF insurance companies having agencies
in South Carolina, who to retain which, must, per-
force, give security by the deposit Of bonds wish the
Comptroller. The law IS impartial in requiring all
companies, whether belonging to the state or not,
TO make such deposit OF coaterals, the amount FOR
each life insurance company being $50, 900. and for
each other company $40, 00o All the home compa-
MES ana most OF the outside compan les win comply
tue bonds being not Improbable invest
ment. as they carry six per cent gold
interest," while the Legislature mas by action which
cannot for parliamentary reasons be reconsidcred
announced itself as unalteraby opposed to granting
any pecuniary aid assistance to any railroad
scheme at present. In the words q the official re.
cord, The vote had upon the question "cGectually
dsposes for this ses sion OF the General Assembly
OF oil legislation assistance to railroads. South
Carolina in the matter of her state debt has set an
example which is bright and shiung one in con
trss to the prongacy and wanton decentralization OF
Tennessee and North Carolina. Before the war her
bonds sold as high 125. In the chivalric deter.
minaton 10 pay the interest In coin, a mea.
sure originating with Governor Scott she Is
TO- nave Imitator in the Empire State II the
suggestions of Governor Hoffman are carried
out To-day there. was sharp decline In
70 22i. bu. then reacted and closed strong at 2s,S
The Tennessee were about one per cent lower and
the general market heavy. the South Caronas being
offered al rs the last board 1t wl be interesting
10 the North Carolina bondhoders to learn that the
people in that State holding local meetings al the
county court houses advocacy OF the reputation
or such bonds as have been issued by what
they term "carpet-bag'' legislatures. The Iol-
lowing were the closing street prices FOR the southern
list:-TeDnessee, ex coupon, So 81; do. new,
~ q 4e4; Virginia, eX coupon, SO $50; do. new,
5oM 81; Georgia skies, so ST. do, sevens, 90 81
North Carolina, ex coupon, 40 40ls; do, new, %
22s; do, special tax. 30 q 23ls Missouri skies 81
q S7}a; do, Hannibal aud ST. Joseph s8 a 90; Loul
siana slxes 70 q IL; do. leyee skies, 60 q 65l.;
90. do, eignts sO1z 81; Alabama eights, "a
a5; do fves, 90 s5 South Carolina sixes 7s so;
DO, new, " 7s; do, registered stock, rs a IS
GOVERNMENT BONDS.
The government market was barely steady at the
opening and then declined with the yielding in gold
10 l2l,s. AT this point the German bankers were
large buyers, and the lower prices also brought in
many private investors, whereupon the market
became strong subsequently, with the news from
Paris prices advanced aud the market closed buoy
ant the question being mooted whether in the event
OF war In France our bonds would not be largely
sought for investment account Of the disturb.
lOce oI European HUanCes. me governments bought
mlon OF bonds to-day for the special fund. The
offerings were over four millions, which large
amour, was one cause OF the weakness OF bonds
st midday, as above noticed. The following
were the closing street prices for rbe government
list:united states currency SKIES 1O9'l I0o7s: do
skies, 1851 registered, 117s4 u.s. do. do, con.
pom, lis q llsis; do fve.twenties, registered May
and November, 1I51s ll5s<; do do, 1862, coupon,
40. dO., 1854 ll6; do. do, 1864, do. do, 49,,
ll5s4; DO. do 1866, DO do, l15h 115I; 40. DO,
registered, January and July, ll4i4 114ls; do do,