The New York herald., 1870-01-18

follows:--
toid cleared $22, 800 900
uoiu balances ........................ ,S94
OuAAunSJ ohaanScS. ,Z3Ls 900
MONEY EASY.
borrowers on call with pledge OF government
bonds were accommodated today at five to six per
cent and the STOCK houses were generally supplied
nj SIX per cent Discounts were easier but without
important change In rates Foreign exchange was
quiet az loS'l 1857 for prime bankers sixty day
and loo1s loox for sight sterling. petition has
been circulated among some Of the brokers to-day,
asking the Secretary OF the Treasury to proposeto
Congress plan Of legislation by which the legal
tenders may be redeemed with bonds bearing s.s5
per cent per annum interest But the project Is 80
Illogical In proposing to convert non-interest bear
ing obligations into an interest bearing debt that 1t
has few chances even OF consideration. The petition
is addressed to Secretary Boutwell, ana reads as
1ollows:-
In view Of the fact that there Is no opportunity
verting the non,ntersst bearing promises 1 the COW
ernment into its interest bearing ObIxatlons except
by purchasing United States bonds on tie open
market at premium, the undersigned respect
fully request the honorable Secretary TO submit for
the consideration Of the present Congress- plan for
tender notes by issuing therefor lat the option Of
the holder bonds OF the denomination of 200 and
said legal tender notes. which shall be held for the
purpose OF such rcconverson; the bonds 10 bear
n
dredihs per cent per aAnum. And also that permis-
sion be granted 10 the national banks count said
bonds In the reserve required to be kept by law.
GOVERNMENT BONDS STRONG.
The government market opened weak, in SYM
pathy with the weaker tone OF the gold market and
In response to fractional decline IN London. But
1t seemed If large orders had been communicated
to buy under ia for the 67's and corresponding
rates for the other issues the effect OF which was to
dnaly advance the list from quarter to nalf per
cent on the lowest prices OF the forenoon. The fol-
lowing were the closing street prices the govern
ment distributed States currency slxes 1921 ITO;
do sixas 1881, registered 1l73I il7k; do. do coh
pom, 117H 117s<; DO nve-twentes, registered,
May and November, 1l6 115x; do. do, 1882, cou.
pon do, 7l55s 1l65s; 90. do 1854, do. do. lis .
1l6k; do. do, 1885, do. do, lis 115k; do. DO,
registered, January ana July, ia 114A; do. do,
1856, coupon, ia q I14h; do. do, 1851. do. do,
Hay l149s; DO. do, 1883, DO. do, liza ia do.
ten-forties, registered, 1llA lllk; DO. do, cou-
p0n 1l2 ll24.
THE STATE BONDS.
In Southern securities there was strong mar kes
1or the virgnias, which active In the expecta-
ton that the bill which had gone through The House
would 60 through the Senate. The defeat Of the
measure in the latter branch Of Congress was made
known the street In time to affect the market the
transactions in State bonds seldom extending be-
Jond tne last session OF tRe O0ar0. The TenneSSeeS
were barely steady and the new North Caroitnas
again weak ana aemoralized, the special taxes de-
Ginning to 23X and the new bonds to 23x. There
was but one sale Of South Carolinas at the board
small lot OF new bonds going at 7e The general list
was steady. The following were the latest street
prices for the Southern list:-Tennessee ex coupon
50 ba>s; do, new, Al AK; Virginia, ex coupon,
"a a 66; do, new, 81 SO; Georgia SKIES, so 81;
do, sevens, 90 OIL; North Carolina, ex coupon Al
a 42H; do., new, 2eX 24s Missouri sixes, 81
s7K; do, Hannibal and St. Joseph 80 a OIL;
Louisiana sixes 6s TO- do, levee sxes 65 Co., do.
do eights, rs so; Alabama elghts Oh e5; do fves.
e3 e5; south Carolina skies, rs 81; do, new, 75s
a7ek; do, registered stock, 70 10.
HIGHEST AND LOWEST PRICES.
The extreme fluctuations Of the day are shown
sn the following table Of the highest and lowest
prices Of the leading speculative stocks:--
fTfOJtest Y<,3racy