The New York herald., 1870-01-15
FINANCIAL and COMMERCIAL.
WALL STREET,
FRIDAY, Jan. l4-6 M. 4


s"~>~~>~~~~~~~~~~~~~~~
WALL STREET,
FRIDAY, Jan. 14-6P
AL tho animation In Wall street to-day was after
too poaro, Ior during The regular hours or business
GENERAL DU.NEss
prevailed not Oily In stocks, but in gold, govern
ments and securities OF all kinds the street mani
1esang an ndispostIon to do anything but for what
special reason did not appear unless was that the
smaller operators were waiting for the leaders, who
nave been rather quiet since the first stage OF their
"ouh' movement. After the boards and In late
street transactions there was considerable activity
apd
THE STOCK MARKET CLOSED STRONG,
particularly for the Vanderbilt shares which TO
e2z for the stock and S7,l for the scrip.
NEW JERSEY CENTRAL
was the feature OF the railways and under continu-
ance or the speculation which has lted it from 90
advanced to and sold at 1905. The buoyancy In
this period extended TO all the railways, and there
was general recovery from the depression which
had attacked the list about midday, when prices
were . quarter to three quarters per cent below
those at the beginning OF business In the carly fore.
noon. The feature after New Jersey Central was
PACIFIC MAIL,
which rose to 42k, and was largely dealt In, many
Of the shorts'' being induced to cover. In the
cellaneous list western Union was barely steady;
while tho expresses were strong ana active for
Adams and United states.
MONEY SIX PER CENT
the money market was easy al six TO seven per
cent the forncr being the general rate In almost all
new loans. Commercial paper was quoted eight to
swcsve per cent for prime double name ana ten to
twelve for single name acceptances. The suspension
OF tae woollen mousse OF DE Bost s Co. was an-
nounced to-day.
GOLD FEyEarsu.
The gold market opened quietly End heavy in the
absence Of bad news IRON Paris, ana the price de-
clined TO i2iA. IIs undertone was feversn ana
sensitive, however, so that when later In the day
foreign exchange advanced runor was started
that Paris was again IN commolon, and the price
OF gold advanced 10 i22 Little credit was given this
rumor by the majority OF dealers but 1. made the
"snor's" uneasy. AT the close the price returned to
l2l5s, vi which The offerings were quite plentiful.
GOVERNMENT BONDS LOWER.
The decline IN gold led TO q falling on OF from
quarter 10 q half per cent IN government bonds,
especially as tie London quotations came lower
to-day The subsequent rise In gold to liz did not
occasion . recovery. but SIMPLY steadied the mar
ket which facL indicates discrcdit OF the reports
on which go,i was run up. The following were
the closing street quotations for the government
iist:United states currency ssxes lO9s. looyG: do
pom. lisA al,ys; do. fve-twcnties. registered Nay
and November, ll5ts ll5i4 do. do, 1867, coupon,
40. do, lisk ll5ia: do do, isGl, do. do, Il5,s
llsk do. do, 1865, do. do. 49, ii5t4; 40. do
registered, January and July, ia ll4i4; do. do
1sos, coupon do. do, III iists; do de-, 1867, do
do, sS liaad; do do, 1868, do. do., iia,sa Is4;
%. tenforties, registered, III. ls; do. do, cou.
pom. li2ls ll2a4.
1HE STATE EoNps-AcrrvrTY IN SPECIAL rAxEs.n
Therc'was an active market for the leading South.
ern state bonds particularly the new North Caro-
inas and special tax bonds, which, alter selling
down 10 22A, suddenly advanced 10 -. It seems
that great quantity Q, these securities LAD been
nypothecated for loans, and the margins having
given out the institutions holding them put them ON
the market, causing the late sharp decline. The
downward movement tempted IN a large ''slort- ill.,
tercsi and the long" bonds having ceased coming
out the bears found 20 much oiflcuty In trying
70 borrow ior delivery that they started 10 cover
hence the rise to-day. The Tennessees were weak
and lower. virRinns were very strong. The Louis-
Anas aud south Caroiir as were dun and lower, the
latter declinng apparently with gold, In which their
coupons are now paid. The following the latest
street prices:-rennessee, ex coupon, % 5iis; do
new, asa bad; Virginia. cx coupon, 52E \ s.; do,
new, ~ a COZ; Georgia sincs 80 "A; do. scyens 90
ol; North Carolina, ex coupon, 10 AZ; do, new -
-; do. special tax, 2'is IS; Missouri sixes 81
aEh; do, Hannibal and ~. Joseph - 80; Loui
siana slxes. 90 q 20; do. leycc skies. ca. CO..
do. do, elglis, 80 q 81; Alabama cights, e3ls
q 05; do. nves. @ a c5; South Carolina sixes Is a so
do. new, 80. 10.
FOREIGN rxcHASgx-
Under the demand for SATURDAYS steamer foreign
exchange actlye ald nrn, although at the open.
Ing rates were lower than ut the close OF the DAY
previous the market showed Signs Of speculative
manipuGation bot in what connection lt Is difficult
10 discover Perhaps tue tr0nples IN raris are the
secret u the advance. Sterling closed thrcecizhtns
per cent better than tho price OF tic day and
francs about an eighth .he market having already
been vel up i0r tac latter The range Og rates at
the close was solows:-sterllng sixt, days, com.
mercal, los i0ss.; good 10 prime BANKERS, IosI
o losy.; short ssht, l19ia I0g,,; Paris sixty days.
5.22is 5.l7k; short sight, s.l6ls S.i5; Antwerp
62Zis b.l71s; SUltzerlanl, s.-2H \ al71s; Ham-
burg. a59s 3Sgs; Amsterdam, soG 40N; Frank
fors 4OA 4oA; Brcalcn, sS;s .Sg.; rrusSisa tiA-
lers, 7o4 aTi<.
THE RANGE or ran GOLD xAagrr.