The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1870-11-11

NuIAcuCy 2,Ull,Oeo
The European steamer took out 100000 In specie.
THE GOVERNMENT PURCHASE or BONDS.
Tho orer Of the government to buy million OF
ive-twenties elected proposals Tor the sale OF
$S,4 2oo The purchase was limited to the amount
advertised to be bought.
GOVERNMENTS STEADY.
The government market opened steady, but fell
on on the large offerings al the Sub-Treasurv
but with the subsequent advance in gold
recovered to the original prices and closed
steady as follows:-Unted States currency skies,
111h lily; do 1881, registered. 1885 1l3H; do.
do, coupon l13sa ll314; do. hve-twenties, regis
tered, May and November. 1914 1878; 40. do,
1862 coupon. do, 1881 1887; do. DO. 1854, do.
do, 1914 1919; DO. do, 1865, lo7rf l07s; do
do. registered, January and July. l0ak lo9I; do.
do, 1896. coupon, do, 1925 loos1; do. d. 1867.
do do, 109& 1o97l; do. do, 1865, do do, 1929
ITO; do. tenorties registered 1904 l06ts do. no..
coupon, 1905 1868.
MONEY FIVE PER CENT.
. There was no change OF moment In the money
market, and the general rate on all classes OF celia
terals was Ave per cent, with exceptions on stocks
at six per cent. Among the government dealers the
prevailing rate was four per cent, with numerous
transactions at five per cent. The market for COM
mercal paper was quiet, and rates show q declining
tendency particularly for the choice grades, which
Foreign exchange was duh and barely steady on
the basis OF lo9h 1904 for prime bankers sixty
day sterling and lo9ai 1925 for sight bills.
STOCKS WEAK AND DECLINED.
With some exceptions the stock list was heavy,
and alter some hesitation developed weakness and
prices declined. The cques in some OF the rail-
ways have sold out FOR "turnu in order to pay In
terest and commissions, and they were operating
to-day through the medium OF higher gold for the
purpose OF depressing prices in order to buy back
again. The market was apparently on the eve OF
one OF those periodical milking" processes which,
as we have frequently explained, the secret Of
the success OF the clques in making very large pro-
nts on comparatively limited movement In the
current Of prices. All the clques not in accord
In the operations Of to-day and hence some shares
were strong and even higher when the general
market was giving way. 1t Is also represented that
q number Of prominent operators for a decline,
who had not been included In the list OF converts
made last week, gave in their adhesion to the
sbullsn yesterday, and the latter consented to
realize ana let the market down In order that a
fresh start might be taken all around. The follow
ing the closing prices at the last session OF the
Stock Exchange Canton Company, 69H 10; West.
ern Union AK a4lT; Quicksilver, 51s; Marposa,
z a TX; do. preferred, 10 101a; Boston Water
Power, 1sA bid; Adams Express, SIX q
6s; wells-Fargo Express, 35 a s6A; DO.
scrip, OK a rs; American Express, ASK 45zs;
United states Express, 33x 3s74 Pacific Mail,
42H AN; New York Central consolidated.
o2T q 93; do scrip S7T sS; Erie,
23A 2S1; do. preferred, 40; Harlem, 13414 134al
Reading 1928 1925; Michigan Central, 1911 bid:
Lake Shore, 94X s4x; Unisn Pacific, 23s Q 23s1x;
Illinois Central 1854 1877; Cleveland and Pittsburg,
1O7H 1903; Chicago and Northwestern. 500 o 81;
do preferred, s9M 90; Cleveland Columbus, Gin
cmnatt and Indianapolis, soa4 a sly; New Jersey
Central, 1907 l09X; Rock Island, 113h 1131;
Milwaukee and ST. Paul. elk ok; DO. preferred.
sOA sOh; Toledo, Wabash and Western, 5314 53a;
do preferred, 73h It'd; Fort Wayne, "a o 94G; Chi
cago ana Alton, 117A l1s; do. preferred, 10 bid;
Ohio and Mississippi, S21s SO; st. Louis and Iron
Mountain, Al Az; Delaware, LacKawanna and
Western, ITO; Morris and Essex, 9121 02; Boston,
Hartford and Erie, 3zs A; Hannibal and st. Joseph,
1Oeh ITO; do. preferred, ll9; Columbus Chicago
and Indiana Central, 1917 a1SZ
HIGHEST AND LOWEST PRICES.
The following table shows the hIUhesr and lowest