The New York herald., 1870-07-21
The MONEY MARKET IRREGULAR.


TIE MONEY MARKET IRREGULAR.
The rate on call ranged from i've to seven per
cent. The former was the very exceptional rate on
loans with pledge OF government bonds On stocks
the rate was six to seven per cent in the earlier pOr
tion OF the day. with more doing at the latter figure,
which In some instances was exactcd In gold; but
toward tho close OF banking hours there better
supply OF money, and balances were offered at six
per cent In commercial paper there Is little doing
and rates show hardening tendency buyers being
indsposed to purchase prime double name accept
ances at less than seven per cent.
FOREIGN EXCHANGE LOWER
The rates for exchange were lowered by one OF the
leading houses to 10 for sixty day sterling. and
1l0X for sight, but the other firms OF what are re-
cognized as prime bankers maintained the previous
quotations. which are an eighth per cent higher
There was little doing after the steamer, and bust
ness In francs and continental bills Is still sus-
pended.
STOCKS WEAK AND DECLINED.
The early activity In money, as well as generally
unsettled and distrustiul feeling as to the future Of
all miscellaneous securities in a time OF great hnan
cal agitation, led to pressure of sales which took
prices to the lowest since the reversal by the Euro
pean war news OF the grand bull movement which
commenced SO auspclously about the 1s OF the pre-.
sent MONTH and which has encountered so unlocked
arising out OF the gold movement here. Indeed, the
drift OF the speculative feeling Is to the bearish
side, and the ranks of the operators for
decline are gradually increasing, owing to
the successive daily victories which the bears
have been winning since the beginning OF the present
agitation. The downward movement made q pro-
gress for some shares OF one to two per cent below
the lowest prices Of the previous day, New York
Central scrip selling down to 49, Northwest preferred
to SAX, and Lake Shore to 91H. The market reacted
half to one and half per cent later In the day, but
again fell or and closed heavy and dull. The follow
ing the closing prices Of stocks at the last ses
sion Of the Stock Exchange:-Canton Company 6S;
Consolidation Coal. 80; Cumberland Iron 40: Western
Union, "a s4,<; Quicksilver, 5a Z; Marposa, bd
do. preferred, 12,4 12%; Boston Water Power, 15h
bid Adams Express, 65K q 66h; Wells-Fargo
Express, 14H q Is; Wes-Fargo Express Scrip
OK IN; American Express, A Az;
United States Express, "A AK; Pacific Mail, 40H
q 4OH; New York Central consolidated, 93i4 93X;
do. scrip, Ss4 sS2S; Erie, 221 a 22h; Harlem, 1873
1885; Reading, 94al 94zs; Michigan Central, lls;
Lake Shore, Ok olz.; Illinois Central. l3O bid;
Cleveland and Pittsburg, 1o5,a bid; Chicago and
Northwestern, So bid; do. preferred, SAN q s4sl;
Cleveland, Columbus, Cincinnati and Indiana, 81;
New Jersey Central, 1909 lolH; Rock Island,
110M III; Milwaukee and ST. Paul, GO bid: do. pre-.
ferred, 761i q r61; Toledo, Wabash and Western
4sT bid; DO preferred. 72 bid; Fort Wayne, % bid
chicago and Alton. ll42l; Ohio and Mississippi. saX
q 33H; st. Louis and Iron Mountain, As a 40; Della
ware, Lackawanna and western, 1906; Morris and
Essex, SOY; Boston, Hartford and Erie, 81. a 32l;
Hannibal and St. Joseph, LOG 49, do. preferred,
ll6x bid; Columbus, Chicago and Indiana Central,
18alsk. A.T'%-, ~
The following shows The highest and lowest prices