The New York herald., 1870-11-22
THE SPECIE MOVEMENT.

FOREIGN EXCHANGE LOWER AND WEAK
The peace news, the advance in bonds in London
and the better supply OF commercial bills originat-
Ing IN the recent free shipments Of produce and
cotton led to sharp decline In foreign exchange,
rates falling quarter per cent for sterling, the
market closing dull and weak at the reduced quota.
tons. The prime bankers the Close offered sixty
day bills at 1os1s and sight at 10.
MONEY EASIER.
The money market was easier and lenders made a
point OF endeavoring to secure early engage
ment OF their balances. The highest rate on call
was six per cent, but toward the close of banking
hours the rate was heavy at five per cent while the
offerings on governments at four per cen: were
unusually large. Discounts were steady and prime
acceptances are in request at q TX per cent.
GOVERNMENTS sTaoNG.
The advance In hye-tweptles abroad started a
fresh upward turn In the government list. The best
prices were made at the noon board, tho
market subsequently yielding fraction, but
closing steady and strong follows-Uniled States
currency skies, lloI Ill; do., 1881, regis
tered, 1854 1l3es; do. do, coupon 1874
ll3's; do. nve-twentes, registered, May and No
vember, 1o7 1o7]4; do. do 1852, coupon do. I07 *
107a<; do. do, 1864, do. do, 107 1074; do do.
1865. de. do, Io7 a 1914; do do, registered,
January and July. 1os1l 1os,s; do de-, 1855, ceu.
pom, do 1o91s loe's; do do, 1857, do. do., 1921
lo93s; do. do., 1858, do. do, 109H 1O94; do
ten-fortes, registered, 1861 1Oe14; d. do. coupon
1864 1863.
SOUTHERN SECURITIES LOWER.
In the Southern list the Tennessees were actively
weak, and fell from IS TO SIS for the new bonds. II
is stated that the parties who loaded ~ in cxpecta-
tion OF finding purchasers at higher quotations
when the State should auction Off interest In the
several railroads which have failed to meet :heir IN.
debtedness to the State were greatly disappointed
to find there bidders for the franchises thus
offered, and when they afterwards learned that the
sale failed because OF the claims OF the United States
to certain portions or the rolling which had been
sold to the companies at the end OF the war; but for
| which payment had not as yet been made. they be.
| gan selling their load, precpuating the "brsak',
| from 81 to 55 The general list was dull and lower.
The following were the closing street prices:-Ten.
nessee, ex coupon, 55 561s; DO, new, 55 a IS 4:
| Virginia, ex coupon, SO a 65; do, new, 63 "a;
do. registered stock old. 49S1 5o Georgia SKIES,
| 80 q 50; do sevens 90 a 81; do. sevens, old, GOA
90; North Carolina, ex coupon, Al 4S; do. funding
1865, 81 80; do. do 1868, "a %; do, new, "a
PAX; do, special tax II IS; Missouri skies, 0lI q
| 90; do Hannibal and St. Joseph 911a a 90; Louisi
ana skies, II TAX; do, new, 81 q 90; do, levce
skies, 72 "a; do. do, eghts, SO 81; do penlten
tiary sevens, 75 a77; do. railroad eights so So
l
railroad eights 05 100; South Carolina gixes, IS
/ 90; do, new, January and July, 10 IL; do, 90.
April and October, 90 90; do registered STOCK old
10 ATS; Arkansas skies, 63 65; do sevens, 05 81
Mobile and Ohio Railroad sterling, 70 q so; do. inter
est eights II ~; do. second mortgage eights, s;
| 81; Mississippi Central Railroad first mortgage
sevens, IS q rs: do. do. second do eights, GO 6s
New Orleans and Jackson first mortgage, s5 o SC
do. do second do, 70 a II; Memphis and Charleston
| Railroad first mortgage, SO a IS; do. do. second do
| 76a IS; Greenviiie and Columbia Railroad, guaran
| teed by South Carolina, 65 u 67 Macon and Bruins
| wick, guaranteed by Georgia. 70 q II; Wilmington
Charlotte ana Rutherford eighs, 90 81; Memphis
City skies, 81 a 90; Savannah City sevens, S.
So; New Orleans consols, DID, rs q &c; do. ISSUED
to railroads, skies, 10 II; 90. new seyens, !:
a73.
| THE STOCK MARKET STRONG.
The stock market was strong and prices advanced
an average Of about u per cent The clique bro
kcrs were heavy buyers. The market was verl
active in the forenoon, but became dun after th
last board and prices fell or trife. The following
were the closing prices at the last session of the
Stock Exchange:-Canton Company, G71 a 90
Cumberland Iron, 80; Western Union, 434 a 433s
Mariposa, 7 ~; do. preferred, 10I
| 1917; Boston Water Power I7ai a 1897
Adams Express, 65 65K; Wells Fargo Ex
|
press, Ask 4sh; United States Express, a5H
S6H; Pacific MAIL 4l% AK; New York Contra
consolidated, o2ss 92A; do. scrip, s74 a s71s
Erie, % 2Sl; do preferred, 4S1 bid HaIiom, 13l
1872; Reading, 1919 alo174: Michigan Central, 1907
12l; Lake Shore, 93A esq., Union Pacific, 2sl
23t; Illinois Central, 134S q 135; Cleveland aat
Pittsburg, 1867 1O6ai; Chicago and Northwestern
, 7ok; do. preferred, sos S91; Cleveland, Colum
: bus, Cincinnati and Indianapolis, 7aH bid; Ney
Jersey Central, 1Os bid Rock Island 112J1 llat,
Milwaukee and st. Paul. 594 593S; dc. preferred
s0I So5s; Toledo, Wabash and Western SIX 52i,
do. preferred, 70 bid; Fort Wayne e3A 9i; On
cago and Alton, ll4zS 1876 do. preferred 1l6J
bid; Ohio and Mississippi. 3l2s 80; st. Louis an
Iron Mountain 46a4 bid Delaware, Lackawanna an
Western, lO9h ITO; Morris ana Essex, s1ysas1s,
Boston. Hartford and Erie, 3A so; Hannibal an
st. Joseph, 1o7; Columbus, Chicago and Indiana Ger
traI, 1s1S 1917