The New York herald., 1870-04-01

| ~ ZM.........,..., ~ 6:3O 4. NJ. ll>S ll1%
Holders OF gold paid 4, AZ, s and OK per cent to
have their balances carried. The operations Of the
| Gold Exchange Bank were as foows:-
Gold cleared .s44 $50 900
G0a Daances, a aas
currency balances. .1.....s Lava, ,o9S
| FOREIGN EXCHANGE LOWER AND WEAK.
The market FOR foreign exchange was again inac-
tive and rates declined eighth per cent Tor ster.
lug IL seems that the European demand for Anne.
| rican securities, inclusive OF railway bonds, has
supplied the market with an, rs yet lnexhaustible
supply Of bills, and hence the bankers who sought to
| make what may be styled "corner'' by buying oil
the surplus cotton bills have been unable to stop the
| leak IN another ana unlocked for quarter The hum
dreds OF new railway enterprises all over the coun.
| try are receiving generous assistance from the
| capitalists Of Europe with whom first mortgage
bonds on any sort OF promising route readily
| mand investment iavor Again, nve-twentles have
been unusually strong to-day. and were quoted as
| high as 0In in London this mornlng-an advance
OF about one per wiihin the past week. all OF
which Influences combine to depress exchange
! Hence the lower range in the quotations, which
| closed tonight as 1ollows:-Sterng. sixty days.
commercial, 1914 1885; good to prime bankers,
1851 o 1OSd; short sight, los7s loa; Paris, sixty
days, 6.261l 6.225z; short sight, 6.21A $40; Ant
werp, 5.2e}z a 522}6; Switzerland, 6.2eI1 SEX;
Hamburg, 353s a 35,s; Amsterdam. Sa| 4oa
Frankfort, Ss% 4ot4; Bremen, TX IS; Prussian
thalers. 70 70Z.
THE MONEY MARKET ACTIVE.
THE rate on call ranged from four to six per cent,
with the former the exceptional rate on govern
ments and Ave to SIX per cent as the general rate
stocks Borrowers on mixed and inferior cOaterals
paid the highest rate mentioned. The supply Of
funds the street ample and the Increased de-
mand was easily met at the figures above specified.
The failures last week have made buyers OF CON-
mercal paper more cautious but strictly prime
names are readily negotiable at seven to eight per
cent. The failures Of petroleum house In this city,
a shipping house In Philadelphia aud q petroleum
house In Ptsburg, were announced on the street TO.
day.
THE STOCK MARKET ACTIVE AND STRONG.
The ''bus" followed up The victory Of yesterday
by another strong effort to-day, and though the con-
test wayeTed during the forenoon they had achieved
another signal triumph In the afternoon about the
time OF the session Of the last board, when Pacific
Mail was carried to 3SH Northwest 73< and Onlo
and Mississippi to 2s1. Earlier IN the day they mad
put Lake Shore to ss7I, New York Central to 921
and the scrip 70 90is Here there was considerable
realization, while the "bears' were tempted to
throw out new line OF 'snortsr The sales OF the
afternoon were about evenly divided between these
two sources; that the market cleft o'' with the
formation of new 'ahort'' interest fully equal
to that which has been closed cut by
the advance OF the past few days. The
"bearsn sold upon the decline In gold
10 1llA, and should the gold market 60 lower to-
morrow 1t would encourage them to follow up the
partial victory which they gained tonight In lower
Ing prices half to one ana half per cent from the
highest made In the 'bull' movement to-day. Rock
Island was dull and weak In the miscellaneous
shares Cumberland was strong and rose to 32l. At
| the close the market was dull and 'tired]' The
bears were afraid 70 push 1t further while the bulls
were evidently very apprehensYe for the eflecrs
which the decline lii gold viii produce. 1t viii be
remembered that several times this spring the
.'buIsr had to fight the depreciating influence OF
falling gold market and 1t s curious that now, in the
heyday OF their latest effort In the same direction the
gold market should become heavy and threaten
another tumble. Their strategy will, doubtless be
to dlsconnect stocks and gold" The following
were the closing prices Of stocks at the last
session OF the Stock Exchangc:--Canton, G5 o
&C; Cumberland, 32ts SO; western Union, 90;
Quicksilver 10; Mariposa preferred 13
131<; do. certificates, 40 o As; Pacific Mall 37zs q
50; Adams Express. 81 6lH; Wells.Fargo Express
1o,s q 2OI; American Express, Ss 3s4; United
States Express, 4sH a47; New York Central consoli.
dated, e2I OAK; do scrip, o0X; Harlem,
143 a laSh; Erie, 2l,l bid; DO. preferred, so a
100; Lake Shore sSii 8s1s; ILLINOIS Central 140
lazy; Cleveland ana Pittsburg, 90 bid; Chicago
and Northwestern, 72;s rs; do. preferred, 81! o
s4x; Cleveland, Columbus and Cincinnati, "a "a 743i;
Rock Island, 1l9H 1l9A; Milwaukee and ST.
Paul, so o COX; do. preferred TAX 74l; Toledo and
wabash, 45X 451S; do. preferred, "A To- Fort
Wayne o3 a 9311; Alton aud Terre Haute, 3ak o
4o do. preferred, 65k so; Ohio and Mississippi
29S 2ax; Delaware and Lackawanna. 1929 o lo3;
New Jersey Central, 1O2X o lo2%; Chicago and
Alton 1ilA liz; do. preferred, 1ls bid; Hanni
bal ana ST. Joseph 1O0 1ooH; DO. preferred. 1864:
| st. Louis and Iron Mountain Is; Dubuque and
Sioux City. lo7H; Columbus Chicago and indiana
Central, lsl4 bid.
! GOVERNMENTS LOWER.
Tho lower quotations for gold and sales TO realize
the recent sharp advance led to decline OF about
three quarters per cent in the leading speculative
issues OF government bonds. The lowest prices were
made at the close Of business, when the market
was steady at the following quotattons:-- United
states currency sxes 1llx a liz; do. skies, 1881,
! registered, ia 11il4; do. do, coupon, ia a
114G; do. hvetwenties, registered May and Noyen,.
ber, l0e loo1s; DO. do, 1862 coupon do. do 1los
1Ioh; do. do, coupon, 1854, 10o1S 1OeX; do. do
coupon, 1865, do, 1osl ITO; do. do. 1885, coupon
L Iul no t/.