The New York herald., 1870-04-12
FOREIGN EXCHANGE ADVANCED.


FOREIGN EXCHANGE ADVANCED.
The speculative movement In the foreign exchange
market was still more evident to-day IN sudden
advance OF quarter per cent In rates for sterling
These quotations were maintained In the business
for to-morrOw's steamer, but the market closed
weak at the advanced quotations, the range OF
which is shown in the following table:-steriing,
sixty days. commercial, 1885 1887; good to prime
bankers, 100 1094; short sight, l0s% 1097S;
Paris, sixty days, 5.214 5.171a; short sight. 516l
a 515; Antwerp, 5.2lh q 5.l7h; switzerland, j21 4
6l7k; Hamburg, 351 352s; Amsterdam 4o1S
40ss; Frankfort 40]s a 4Os; Bremen 777s 1873;
Prussian thaers, 7O3s a 714.
GOVERNMENTS IRREGULAR.
The higher range of the gold market induced a
higher ana moderately active market for the govern
ment list, the foreign bankers being purchasers on
account or the better facilities for placing exchange
tho advance In which and the higher price for gold
left margin Of profit on shipments OF bonds to
Europe despite the lower quotation OF fve-tweuties
abroad to-day The foreign markets were reported
dull and lower. Their dulness attributable to the
fact that the present Is Holy Weeka season observed
with special ceremonies In Europe, the interval to
Easter beng almost a holiday. With the subse-
quent decline in gold to 113A the market yielded
to the lowest point OF the day, and closed
steady with the following street quotations: United
States currency skies, l1i1s 111x; do, 1881,
registered, ia a 1l4ll; do. dO coupon, 114% 114H
do five-Jwentles, registered, May and November,
lO7 1O7h do, 1862 coupon, do, 111A 1l12s; do.
do, 1854, DO dO 1l01s 1103i; do. do 1865 do do,
l1O% all; do. do coupon, January and July, 1o9,4
1o9T; do do, 1857, do do, 1o9% 1097s; do do.
1868. do. do, 1o02s no. do tenforties registered,
log 1O614; do. DO, coupon, 1904 1864
STOCKS ACTIVE AND STRONG.
The gold movement has been much more success
fui in the stock market II, as suspected, such was
really the objective field OF initiation. The whole
share list with few exceptions strongly active,
particularly at and Just after the early board after
which the market became dull, but closed strong
particularly for the Northwest stocks, which ad-
vanced to 74Ia for the common and SO for the
preferred. Rock Island was more active than
usual OF late and was suffered to decline to 115
to Tempt in q ''short'' interest on which to base
a "twistn as the stock is wholly cliqued st. Paul
was steady despite the official announcement
OF an increase of stOck-a fact already fully
discounted Indeed the ''rlng" who ST.
Paul bought the Western Union road simply
to break ST. Paul. The Western Union road is no
more an adjunct of St. Paul than would be road in
the moon. The 'ring were secretly 'short" OF the
stock, ana sold II down from SO lex divdend) to
5s. They now announce the extra issue
of shares TO induce the public to go
short that they may cover their speculative sales
and go 'long" again. 1t was 'rlng'' purchases
which put ST. Paul to go to-day despi,e the Official
announcement of a new issue of stock. New Jersey
Central rose to 1O5 on the news that the directors
had decided to register the stock at the Bank OF
Commerce. Wabash rose to 49sI which induced
realization and reaction to 4S4. The Express
shares were active In Adams. The miscellaneous
list was strong IN Pacific Mail.
THE HIGHEST AND LOWEST PRICES.
The extreme fluctuations IN the leading specula-
tive stocks are shown the following table OF the