The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1870-07-07

Gold cleared. $40, All 900
Currency Cu'r 1aS balances. iassss
The Russia, for Europe, took out $4,000 In specie
GOVERNMENTS FIRM.
The early decline in gold rendered governments
dull. It's subsequent advance led more
activity, and prices improved, the best being
made at the close OF the day as fol-
lows:-Unted States currency skies, ia q 1l41s;
do do, 1851, registered, rs a ll5i4; do. do,
coupon. lis l15%; do. fivetwenties registered,
May and November, 111,S liz; do. do 1862, cou-
pon do, nix 112 do. do, 1854, do. do, 11la4
III; do. do. 1885. do. do, 1117s liz; do. do,
1866, coupon January and July 1losl 1lozs; do
do 1867. do. do. 1107s ILL., do. do. 1868, do do
1loX Ill; do. ten-fortSes, registered, 1889
1osX; do. do coupon, 1883 a 1885,.
MONEY EASY.
The money market was easy and unchanged as to
rates. The general rate on governments was three
and on stocks four per cent for call loans. Prime
commercial paper was quoted So to 90 per cent
discount. Foreign exchange was dull on the basis
OF 1924 1927 for prime bankers slxty.day and
1lok 1903 for sight sterling bills.
STOCKS WEAK, DULL AND LOWER.
Tie stock market was extremely dun, and, under
the influence Of the washington kilograms de.
cned half to one per cent The latest Information
concerning the Currency bill Is that the conference
committee have agreed to q measure which pro-
poses $54.OO0O00 Of new banking capital, the re-
trement OF the three per cents the redistribution
OF 25,00O,OOO OF the existing banking capital and
free banking on gold basis. 1t is not said how the
three per cents are to be NEUTRALITY-SUSPICIOUS. by
the issue OF new greenbacks or by their use
as collateral deposited against the new
bank notes. This sudden revival OF the
question took Wall street by SURPRISE and
greatly disconnected the bnlln operators especially
as other washington kilograms asserted that Mr..
Boutwell, was confident OF finally obtaining Fund.
ing bi, agreeable to his views. The eject has been
generally discOuraging to a movement for a rise, and
the outsiders who were waiting TO venture have re-
ceived further encouragement to wait until Congress
finally adjourns. The disposition is general to
suspend operations until after July Is. One feature
OF the day is noteworthy-viz., the capacity which
gold and stocks have shown again to move
independently of each other. Yesterday stocks
were strongest when gold was lowest To-Day stocks
were lowest when gold was highest If the bull
ciques Rave not been really demOrazed a. they
seem to have been by t0-days proceedings IN Con-
gress they have been luckily favored IN their desire
TO buy stocks cheaply for the tone OF speculation
SUCH az not only to induce sales OF loug STOCK
but to induce outsiders to 60 short" Of the market
agains: the expected adoption OF the Currency and
Funding bills The earnings OF the Northwestern
Railroad for the last week in June show increase
$22,0oO. The New Jersey Central Company have de-
cared dividend OF four per cent, pay
able July 20. The books closed this after
noon. The following were the closing prices at
the last session OF the Stock Exclanxe:-Can
ton, eSss 20; Cumberland, IS a 40; Consolidated
Coal 20h 30; Western Union Telegraph, 341S
341z; Quicksilver, 8; Marposa, sE; do. preferred
155S 10; Atlantic Mail. 81 Pacific Mail Az a
az; Boston Water Power, II; Adams Express, $50
6sH; Weils-Fargo Express, 1917 u 1917; do scrip,
27s 3; American Express, Az As; United States
Express 467s bid; New York Central, consolidated
097S a 1907 do. scrip, % 95H; Harlem, 40 141;
Erie, 221s 24H; Reading, l07 1918; Michigan
Central 12O l21; Lake Shore, 1o1 1915; ILL
nois Central, 14OA 1411a; Cleveland and Pitts
burg, 1929 ITO; Chicago and Northwestern, 80
bid: do. preferred $50 sos; Cleveland, Column
bus and Cincinnati, SOY bd Rock Island 1167a
III; Milwaukee and ST. Paul. e6sa 661s; do. pre-.
rerred, slsa sly; Toledo and WABASH, 571a SIX;
do preferred. rs bid; Fort Wayne, 94sl 951k; Ohio
and Mississippi, 357s SO; Delaware and Lacka
wanna. 1866 bid; New jersey Central, 1888; Chi
cago and Alton, 116Z IFS; DO preferred, 1171s a
119; Morris and Essex, s915 90; Hannibal and ST.
Joseph. lit 1i71s; do. preferred, 12lI; Iron
Mountain, 4s,4 80; Boston, Hartford and Erie 4 a
AZ; Columbus, Chicago and Indiana Central 2lh q
21H.
HIGHEST AND LOWEST PRICES.
The following shows the highest and lowest prices
TO- day Or the leading speculative shares