The New York herald., 1870-12-28
MONEY STILL ACTIVE


As might have been supposed from the dul!er tone
OF the street during holiday week the demand for
money among the stock houses has been rather less
urgent, but still those who were under the neces-
ty OF supplying themselves to-day mad to pay seven
currency to seven gold. The next relief will doubt.
less come from the banks, as those institutions,
strengthened very materially In their reserve BY the
current coin disbursements from The 5ub-rreasury,
VIII steadily gain IN their ability to extend
accommodation to borrowers. At the same
Time the street Is filled with rumors that
Inc "bear" cliques intend another formidable
"squeeze this week, before the relaxation OF the
New Years disbursements places it out of their
power TO render money artldcially stringent.
In discounts there Is tribe more OF activity,
owing to the anticipation OF lower rates on call after
January l, but the best double are still quoted
TASK per cent.
Foreign exchange was dull but steady on the basis
Of 1o9S los% for prime bankers sxtyday sterling
and Ito 11oH for sight bills
GOVERNMENTS STRONG.
The government list feels the approach OF interest
day. at which time there s usually considerable de-
mand for the renvestment OF the coin received for
che coupons, as well as from certain capitalists and
corporations, more shrewd than patriotic, who, to
avoid the taxation OF their State, county and city,
suddenly convert their wealth into government
bonds ut this season OF the year. 80 that in making
their returns next spring they can conscenIiously
afIirm that "oa the 31st OF December" &C., &C,
their personal property consisted entirely
OF these non-taxabe securities. The following were
the iinal street quotations this evening:-United
States currency skies, 109sS a 10; United States
sixes 1881, registered, 1091s 110; do do, coupon
1l3 a ll3I; do. fve-twenties, registered, May and
November, 1867 1071S; do. do, 1862, coupon, do
1914 lo73S; do. do, 1864, do. do, 1O7 1876 do
dO do do a r. la do
January and July, 1864 l06s4; do. do, 1855,
pom do, 1905 l095s; do. do, 1867, DO do, 11o
1905 do DO. 1868, do. do, llosl llO2S; do. ten
forties registered, 1865 106]s; do. do. coupon
1861 1861.
STOCKS DULL AND IRREGULAR.
The stock market was In the main dull ana In this
respect symparhized with the general feeling an
tciDatory OF light business in all directions until
after the New Year holidays. The "bulls,n how
ever, were early on the ground this morning, and
finding thin market took advantage OF the
opportunity to give it buoyant and strong
tone. The absence or the "squeezen in
money also assisted the improved feeling,
and prices generally advanced, the rise
ranging from y TO per cent. After the second
board the "bears' took the offensive, and as gold
had at the same time run up to 110I amid cries Of
''war" 'war ~ from the bears. who were anxious
to disconcert and ntimidate their opponents, they
found II comparatively easy work 10 undo the i'm
provement OF the forenoon and prices slowly settled
back again, the market closing just about as 1t
opened, except in few unlmportant instances.
HIGHEST AND LOWEST PRICES.
The following table shows the highest and lowest
prices Of the leading stocks during the day.