The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1870-10-20

In the gold loan market the rates ged from Dat
10 4 for borrowing. The operations Of the Gold
Exchange Bank were iousws:--
Cold cleared $50, 0G7 900
Currency balances. observation-disclosures. l,Gl5$J2
The European steamers took out STAR IN
silver.
roRElGS EXCHANGE WEAK.
The freer movement IN tha exports OF TIE past few
days furnished the market wnn q betser supply
Of commercial bills, and the bankers rates were
consequently weak ut The nominal puotation Of 1913
prime sixty day bills ana l00M lor s,gat. In fact,
the real sales oi sixty day ots were at 1888 and
ioSs. II Is supposed that the recent sharp ADVANCE
WAS portion OF tie programme OF the desperate
speculation OF the 'bearS' IN STOCKS, who bought
bills hopes OF embarrassing the ''nulls,n
who it VIII DO remembered, had bor-
rowea bills 10 procure moncy ior carry
hlg stocks. Moreover. the dearer rates Tor
cash gold helped 10 weaken The market, alrolcing
another striking proof OF The apparent hopelessness
OF endeayoring to stay the downward movement ia
gold. The ''bulis no sooner stop one leak OF iheir
vessel than another appears. IL lhey corner cash
gold foreign exchange declines. II they run mp tbc
price OF gold they les out cargo AFTER cargo OF cospn
and produce. II they bid up exchange The expol4-
ers begin TO III orders iren the other SIDE And so
the c.rcle Of obstacles slEro ns them al sdes.
GOVERNMENT FIRM.
The anticipated page:tse ~ two millions OF bonds
by the Treasury Tomorrow led 10 firm market for
20 eynments, especially aoid WIS higher. Tne
London quotation, which opened 30's closed TO-
hight 1T s9ia. an Improvements winch rendered
maj street quotations strong as fonows:-
United States currency siXes, lu1 a me-;
do 1881, registered l1&5, ia RI: do. do.,
coupon il3;S ia; 40. hvc-twenties, registered,
May and November l0S:s q 1885; DO. do, 1862,
coupon, do, il25S ll3; oo 1914. 10. do III 2.
llisi; DO. do 1856. do. 90, ll21 il2l1 dC. DO,
registered, January and Juy, ilo}s llos. DO. do
1855, coupon. do, ll)3l loss DO. DO, 1867, 90.
DO, n01s liess 10 du. DO. ii0sS ilo7s
do. ienorcs registered, 1864 1865; 10 do, cou-
pom, 1861 1867.
SOUTHERN SECURITIES QUIET.
There quiet but steady market for the
Southern State bonds, the dealings being almost
tlrey on Investment account, the speculative III
terest being Tor tie time absorbed by the
active shares at the stock board. Prices
closed on the street ~ folloWs:- tennessee,
coupon, 81 ga; 10, new, so1s a 6ols;
Virginia, coupon, IL 81: TO-, new, "a 65;
do. registered sock, o. !, 505i 81 Georgia skies,
10 a az: DO sevcns, 20 81; do. no., old, 80 %;
North Carolina, coupon, 4 4>t: do, funding,
1856 30 AZ 90. DO, 1863, g. ~: da., new, 2. a
IS; do. special tax, -. %: Missouri siXes,
80a1 n 81; do. Hannibal and ~. Joseph, 81 o.;
Louisiana skies, 20 Il: 40. new, 81 50: do.
Ievee sixea. 70 IS; 20. do. ei.Ats, 81 q 50; DO.
pepiteptiEry seNens, - a -; d.. railroad Fights,
so a 81; Alabama ases, - a y: do. cIghts, l6l a
I02; &c. raiiloaa eights 90 ~: south Carolina
skies. so 81: do. new, January ana July 81 a
Is: d.. new, Ap,1 amt October, Us D.; DO. re.
gisteged stock. old, ~ 80 Arkansas SKIES, OIL 63;
90. scvens g. u 81.
THE RAILWAY aoHTGAGHs.
The following were the bids for TIE railway mort