The New York herald., 1870-11-30

| OF the market Is SHOWN IN the taole:-
10 1893 q \. NJ 1Il lIlS ~ ~ f. M.:: llk lllS
1906 A. M. Ill p. M.............. 11lH
j i M...... II 5:5o 81 = NJ iiis. 1x nlx
1P' M...'.....'..' iiix o''' ~''i'47' ---'s
In the gold loan market the rates ranged from nat
to four per cent for borrowing The operations Of
the Gold Exchange Bank were as fOllOws:-
Gold cleared. .s65 !2o COG
currency Daldnces.. l,oolooo
FOREIGN EXCHANGE WEAK.
The foreign exchange market was weak and
lower. The leading bankers reduced their sales to
100 for sixty day sterling and 109i for 81 ght bills.
THE EXPORTS OF THE WEEK.
The aggregate amount OF exports exclusive OF
specie, from the port OF New York for the week end.
ing November %, 1870. was $4,sl0,O4O.
MONEY FOUR TO SIX PER CENT.
The prevailing rates call loans were four and
nve per cent where the collaterals submitted were
government securities, ana five ana six per cent
upon miscellaneous stocks. About half-pase two
o'clock there was rather sharp inquiry for money,
and borrowers paid six per cent without hesitation.
The demand was brief, however, and fully met ct
the rate quoted In discounts there was no new
feature. Prime double name acceptances are scarce
and in demand. Buyers orer TO take them at TX
per cent p. n ~. 6, .,s.,s-s~,.
.--sss.. - GOVERNMENTS STEADY
The course Of business at the Government Board
was broken by hardly ripple Of change. The '62's
were very dull and the newer fve.twentles strong.
The 'eS's were firm at 1924. Prices preserved the
same figures throughout the day. the market closing
quiet and steady as follows:-Unlted states cur
rency skies, 10Y Ill; Untea States skies, 1881,
registered, l13A ll3,s; DO DO, coupon, 1854
1l31a; do. fve-twentes registered, May and No
vember, 1861 a1071S; do do 1862, coupon, do, 1O71
lO7al do do 1854, do. do, 1861 1o71s; do. do.
1866, do do, 1o7 1o7H; do. do, registered,
January and July. 1907 109la; do do, 1855, ceu-
pom, do 1094 1o9la; do. do, 1857, do DO, 1895
1oek; do. do, 1868, do. de-, lo9zs llo; do.
ten-torties. registered 1853 loeA do. do coupon,
1voss a lposS.
SOUTHERN SECURITIES STRONG.
The Southern list was rather more active and
generally strong the only exception occurring In
the new Tennessees which were heavy, and sold at
5Sss. This nuctuatOn the holders think very
natural reaction after the sharp advance from 55
to So at the close the following street quotations were
made:-Tennessee. ex coupon, coz COZ; do, new,
5s11 5s24; Virginia, ex coupon, "a Co. do new,
63 o.; Georgia skies, so SO; dc. sevens 91 a 90;
North Carolina, ex coupon, AK As; de-, new, 26K
81; do, special tax, 19H 20; Missouri
skies, 92h 92s; do Hannibal and ST. Joseph,
90 02ls; Louisiana skies, p 73; do, new,
81 50; do levee sxes ~ q "a; do. do, eights,
90 a 9l Alabama fves 70 a 70; do. egh,s l02
a 1903; South Carolina skies. ss q 90; do, new,
January and July, 7OX a II; do. do, April and
October, 6s a 20; Arkansas skies. GA a 65; do.
eevens, e3 a 8s.
THE STOCK MARKET STEADY AND DULL.
The stock market was dun, ana the speculative
operators were apparently content TO await develop
ments at London, Washington or wherever else in
uences prevail which are likely to have their effect
sAn ANRsx Hrnt
were, In ract, the dividend paying securities, to
which fresh attention was directed by the resump-
tion OF dividends on the Northwest stocks slight
improvement In prices generally took place In the
forenoon, but this disappeared In the subsequent
dulness Of the market. Toward the close the mar
ket became stagnant, and prices dropped as much
as II not more, than they had strengthened in the
morning. -
1 a9N ''BRBAKn IN UNION PACIFIC.
The confused kilograms from washington, assert
Ing that the Secretary Of the Treasury was
about to force the Union Pacific Railroad Company
to pay the interest the currency sixes produced
sharp decline in the various securities OF that
corporation the stock running down from "a to 171
These teegrams are In error In one respect The
currency skies are government bonds as much as
the fve-twentes or tcn-fores Reference is doubt
less had to the mortgage bends retained by the gov.
ernment in exchange for the currency skies and
which were made q second mortgage on tho road by
an amendment to the original law AS to the merits
or Union Pacific stock various theories exist
One impression exists that the foreclosure
OF the mortgage held by the government
would obliterate the stock. On the other hand 1t
asserted that powerful appeal Will be made to the
next Congress to remit the obligation involved in
the second mortgages in view Of the fact thar the
building of the railroad has enhanced the value OF
the government lands In the West great deal
than the amount Of currency skies issued to assist
ceed In this scheme the bonded debt would be re-
duced by about $3o.OOO00o bringing the stock into
the same position now occupied BY the government
interest in the road. f.
CLOSING PRICES AT THE STOCK EXCHANGE.
The following were the closing prices at the last
session of the Stock Exchange:-Canton Company,
87X q 90; Consolidation Coal, 80; Cumberland
Iron 40; Western Unien, 42A AZ; Quicksilver,
q on; Mariposa, 6H ~; do. preferred, 10A
1917; Boston Water Power 20; Adams Express,
e4k 647s; Wells.Fargs Express 80; Wells.
Fargo Express Scrip, 2x AZ; American Express,
A6 49,; United States Express, S5h 3s1 Pacific
Mail, 424 42H Atlantic Mall, "a bid; New York
Central consolidated, s2x q 92X; do. scrip, SIX;
Erie, 24ys q rs; do. preferred, 49A so; Harlem,
l32K a 134; Reading, 1O2 l021S; Lake Shore, 93x
. 93a<; Panama, rs 70; Union Pacific, 1914 q 1917,
Illinois Central, l35 q 1876; Cleveland and Pitts
burg. 1857 1861; Chicago and Northwestern,
81k S1a<; do. preferred, 91 a 911S; Cleveland,
Columbus, Cincinnati and indianapolis, sOL SoA;
New Jersey Central, 1os q 10sA; Rock Island, 11lx
11lA; Milwaukee aud st. Paul, eox a 81; do.
preferred s2A a SIX; Toledo, Wabash and
western, 81 a 52lS; Fort Wayne, OAK s4L;
Chicago aid Alton, 15,1 bid; do. preferred, III