The New York herald., 1870-02-06


egai reserve-a decrease Tor the week or ST. se7
THE MONEY MARKET
was easy at four to seven per cent as the extreme
rates on all transactions up 70 two O'Clock. Tne
stock houses generally paid six. Toward the close
OF banking hours The lend was unusually
strong, and many Of the uptown banks were oner-
Ing large amounts At four per cent without takers
40 engagements had been promptly made up earlier
In the afternoon. Commercial paper was In demand
at 61S . per cent for prime double name accep-
tances. and at q for single names. Foreign ex-
change was dun after the steamer, but firm on the
basis OF losys 100 for prime bankers sixty day
sterling, ana lo9J. 1895. for sight bills.
GOVERNMENTS ACTIVE.
There was further discussion to-day OF the bills
pending In Congress on the question OF the national
hnances. The point is made Dy some OF the
shrewder nanciers in the street that before there is
an innation Of forty.dve millions OF national bank
currency the Secretary Of the Treasury should
else his right to issue an equivalent amount OF
greenbacks and cancel the three per cent certln-
Gates. Whatever tendency these measures have to de-
press the price OF the government securities Is more
than offset by the ease IN the money market and
the prevailing low rates CALL which divert great
deal OF temporarily Idle capital into the 1ve-twenty
bonds which are o comparatively excellent in
banks were large buyers to-day for this rea-
son, and some round lots OF bonds were
taken out OF the street. with the effect OF rendering
the market active and higher by general average
OF about per cent. The latest street quotations
this evening were follows United States curren-
cS skies, III 111S; do skies $751; registered 1lS
l1Si4; do do. coupon. lis l1S14; do. hve-twen-
ties, registered, May and November, ll5 1856 do
do 1862 coupon, do, 1854 ll51s; do do. 1854, do
do 1l5 ll5is; do. do 1865, do. do lis a 1151; do
do. registered January and july ia li4l4 do. do.
1866 coupon do, l13zs ia; do. do 1867 DO. do,
1141 ll43s; do. do. 1868 do do, ll44 1l43.; DO.
tenforties, registered 100 lo9s4; do. do. coupon,
ll24 1l21s.
THE SOUTHERN STATE BONDS.
The effect OF the readmsson Of Virginia Is still
operative for higher prices in the bonds or tha
State, ana the new issues sold to-day at 67. The
bears" in new North Carolinas got fright to-day,
ana In their anxiety to cover put the price up to
271s. The Iennessees were strong and active for
both classes Louisiana ievee eigbts advanced to
S24. The recent remarkable rise in the South Caro-
linas has induced some realization, and tempted q
''shor interest, under which prices have fallen two
to three per cent. The following were the closing
prices OF the Southern list At the last session OF the
board:-Tennessee. ex coupon, 551s 651a; do new
48,s 49H; Virginia, ex coupon, 81 62l4; do. new
81 67h; Georgia SKIES, 80 q 80: do. sevens, so 3
90; North Carolina, ex coupon, AZ 43; do new, 81
271s; South Carolina. ex coupon, 81 o 500; do
new, s41s $50; Missouri skies, gOA sO.; do,
ST. Joseph issue, 904 90H; Louisiana skies. 71s
"; do. new, SIX bid; do, levee SKIES, IL 72 do.
do, egnts 81 bid; Alabama fives, 81; do, eights,
941s %.
GOLD FIRMER.
The gold market was stronger and the course 0 I
the price decidedly upward. i2l having bean touched
several times wnile the closing transa ctions were
nrm at 12O7s The chief fluctuations were as fol-