The New York herald., 1870-02-11


carried. The operations OF the Gold Exchange Bank
were as f0llows:-
Gold cleared so, ,bZ0,0OO
G0ld balances. lolo,oa
currency Dolunce5. l,z5io5o
THE MONEY MARKET.
From the ease which was experienced in the
money market yesterday and to-day It IL expected
tnat the bank statement on Saturday will show o
further expansion Ia the Item Of loans and heavy
increase In deposits result VI further heavy
Ceipts OF currency from the Interior No transactions
occurred above six per cent and to prime houses,
on good and prime securities, the prevailing rates
were nve and four per cent The leading govern
ment dealers were more than accommodated at the
last mentioned figure
COMMERCIAL PAPER.
There is good demand for prime commercial &C.
ceptances, and to-day rates for four months paper
declined to six per cent; still there .gilt edge
names Offering ut seven, while some six months
acceptances quoted at eight per cent The range
OF quotations Is Six to eight per cent which will
cude everything in the shape Of prime business notes.
For single names 1t Is more difficult to fix The
range, but seven to 1fteen will about embrace II.
FOREIGN EXCHANGE.
The foreign exchange market was irregular being
steady at the opening ana beco ming strong about
midday, but closing heavy and lower, the prime
bankers selling at 1857 for round amounts OF sixty
day sterling the decline being oil the more remark
able for the simultaneous decline In gold The mar
ket closed with the following quotations. Sterling
sixty days, commercial, 1osh 1Os,l; good to prime
bankers, 1887 100; short sight, 1907 1906;
Paris, sixty days. 6.2l& a5.17k; short sight, 6.16A
a5.l5; Antwerp 5.2lk 5.l7ls; Switzerland 5.2lA
a5.17k; Hamburg, 35ss 36I; Amsterdam, 4ox
40H; Frankfort, 4Ox o 4OX; Bremen, 7Sh o 1917:
Prussan thalcrs, 7oH a71l.
GOVERNMENTS WEAK AND DECLINED
The government market opened with the duness
which mas been Its feature for the past week, and
was therefore quite sensitive to the depressing nnu-
ences OF lower range In gold ana heavy offerings
OF bonds at the government purchase to-day. The
amount offered was $57Oo,0oo, in twenty.eight pro-
posals. The accepted lots were from one house, at
1895, ex interest An impression prevails that at
the next purchase, toward the close Of the mouth,
the government VIII be In condition.
with reference TO Its currency balance, to
accept more than the million which will
then be solicited In the programme. The
decline to-day was an average or about one.
haf per cent FOR the leading speculative issues, the
1878 at their lowest touching 1131s Central Pacific
bonds were quoted 98 oak. The latest street prices
Tor the government list were as folows:-United
States currency skies, 1111 111T; do. sixes 1884,
registered, 1l7H lis; do. do, coupon, l17l 11S;
do nve-twenties registered, May and November
l14h 114k; do do, 1882, coupon do, 114A 114H;
DO do. 1854. do, 1l4K 114sl; do. do, 1856, 114h
1143S; do. do, registered, January and July, 113A
l13k; DO do, 1885, coupon, do. 113k 1881; do.
do, 1867, do, 1l3k 113H; do do, 1885, do., 113h
1l3k; do. tenforties registered, 100 1oSk DO. do
coupon. liz 112K.
SOUTHERN SECURITIES dull.
There Is little speculative movement In the market
for Southern securities ana prices to-day were gen.
orally STEADY. The Tennessees were strong In both
the old ana new issues and the North Carolinas
higher for the old Louisiana leYee eghts were firm
at an improvement Of one to two per cent. The Mis-
souris have recovered from the effect OF the I'M
probable story telegraphed from st. Louis regarding
the redemption Of the bonus In currency. The
courts have already decided that they must be paid
OF In coin. South Car0linas were heavy and the
general market dull. closing with the following
street quotations:Tennessee. ex coupon, 81 67>s;
do, now, 5ok 6oH; Virginia. ex coupon 625S .
e2a; do, new, 50 81; Georgia SKIES, 81 a SO; do
sevens o. 02h; North Carolina ex coupon, A Q
IS; do, new, 25Jx , ASK; Missouri skies, 0ox 91;
do, Hannibal and st, Joseph q %; Louisiana
skies, Y 49, DO lsvee do. u 72K; do do. eignts
"a SAY; Alabama eights, "a s5; do. gves 90 a;
South Carolina skies, 81 . $50; do. new, s2h 50;
do. registered Stock so aSA
STOCKS IRREGULAR AND UNSETTLED.
The stock market was weak at the opening and
In sympathy with sharp decline in the Vanderbilt
securities (Harlem excepted, became heavy ana un-
settled. Toward noon there was rally, ana OF tho
last board there was . general recovery; but the
market then became dull, and closed quiet, inactive
and disposed to heaviness The course OF prices
seemed to indicate that some OF the larger holders
were realizing on old favorteS and making pur-
chases OF new ones Thus Lake Shore was
active and rose to ssk upon increased earn.
in the afternoon. The earnings on the prominent
western railways have improved since the first Of
the month"; and hence the recent advance in ST. Paul
and Lake Shore. Rock Island advanced to 1907 and
Reading was strong ut ok. The Vanderbilt shares
became buoyant after the morning CALL but went or
at the close OF street business Ohio Mississippi
was active, and rose to l3oh. Erie was barely
steady. With reference to the closing OF the books
1t stated that tine committee OF foreign stockh0d
ers VINO represent about nfty millions out of the
seventy millions OF the capital stock, desirous
OF registering the stamped shares,n but
that opposition il made by the present
directors though for what reason does not appear.
The foreign stock is intended TO be entered IN the
names OF Robert Amadeus Heath and Henry l..
Raphael. In the miscellaneous railways Terre Haute
was active and advanced to 80. In the miscellaneous
shares Western Union was weak and Pacific Mail
steady. The following were the closing prices OF
stocks ut the last session OF the Stock Exchange
Canton, 50 500; Cumberland, 34t< 341s; Western
Union, 35ss 351f; Quicksilver, 1874 IA Marlposa,
sI 1917; do. preferred, 20A o 2lsS; Pacific
Mail, 41j1 Az; Boston Water Power, l6a5
II; Adams Express 64k; Wels-Fargo Express.
1az 20; American Express. 36x o 81; United
states Express, 6OA 81; Merchants Union, bid;
New York Central consolidated. 97ii 97h; do.
scrip, 05H a s6h; Harlem, 147H 148: Ere, "A a
25A; do. preferred, Al bid; Reading, 97ss o7sl;
Michigan Central, 122 q l24 Lake Shore, Ss.s
ss4; Illinois Central, 1463s 147; Cleveland and
Pittsburg, esal a 90; Chicago and Northwestern,
73ss q 1874; do preferred, 9oA oo1; Cleveland
Columbus and Cincinnati. "a rs; Rock Island,
Il9h a 1ls'G; Milwaukee and ST. Paul, 74's AN;
90 preferred se1s S0A; Toledo and Wabash, n o
Az; do. preferred, s6h s6A; Fort Wayne, 90 o
o2,5; Alton and Terre Haute, 90 q 294; do preferred