The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1870-09-02
FOREIGN EXCHANGE DULL

FOREIGN EXCHANGE DULL.
Tho lower ruling OF gold was assisted by the
weaker tone OF the foreign exchanges which were.
moreover very dull although 1t was the eve Of the
steamer. One OF the Canada banks was a seller to
the extent Of $4,000. Rates ranged as follows:-
Sterling. sixty days, commercial. losX 1o9X; good
to prime bankers, 1Os,z 1921; short sight, 1loH
1loH; Paris, sixty days bankers, 6.laA o.129s;
short sight, 6.O1H 6.0oH, Antwerp, bankers SIS
o 5.12K; Hamburg. DO. 86k a6,s; Amsterdam do,
4oA a Al; Frankfort do, AK q az; Bremen do,
7sK so; Prussian thalers. 721& 72s.
THE NATIONAL DEBT.
The August statement Of the public debt shows
reduction Of $13 400 oO0-an amount which sustaina
the monthly average or about $4,000 900. The
Treasury inaugIrated the September programme
with the purchase OF million Of 1vetwenties at the
Sub-Treasury at noon. The offerings OF bonds
amounted to over $4.7O0,OOO.
GOVERNMENTS FIRM AND DULL.
The government market was inactive but firm, the
tendency to o speculative decline produced by the
large offerings at the Sub.Trcasury being overcome
by the handsome reduction OF the national debt and
the advance In hye.twenties In London, where
Prices are steadily recovering to the standard
which existed before the war. The following were
the closing street quotations:-U States
currency skies, 1IIL 1l1K; do, 1881, regis
tered, ia l14's; do. do, coupon, 1l4b
1l4K; DO. fye.twenties registered, May and
November, Ill 111M; do do, 1882, coupon.
do, 1921 1l2S; do. do. 1884, do. do, Ill a
nix; do. do 1885, do. do, 111h NIX; do DO,
registered, January and July, 1OsH 10; do.
do, 1896, coupon do, 1929 40; do. do, 1887, do
Co., 1897 lloH; do. DO, 1888, do do, 1ioa 11oH;
do ten-forties, registered, 1867. 1885 DO. do, cou
pom lex. init, 106 1864.
MONEY IN BETTER DEMAND
There was a better inquiry for funds toward the
close Of banking hours, and stock houses paid
as high as six per cent but the demand was gene
rally satisfied at four per cent governments and
at Ave on stocks. The discount market was
changed, and prime double paper was current at an
average Of about eight per cent.
STOCKS DULL AND STRONG.
The stock market was strong on the genera, list,
but without excitement special feature. Prices
moved steadily upward until after the last Board,
when the stock became very dull and there was a
reaction from the best figures The following were
the closing prices at the last Session Of The Stock
Exchange:-Canton Company, 90; Consolidation
Coal, 251l 27I; Cumberland Iron, 40; western
Onion, 81 BAL; Quicksilver, 4 a 0; Mar1posa, AZ
BID; do preferred, So So; Adams Express. e52.
66; w els.Fargo Express. 1914 o Ia do scrip, "a
2%; American Express, Al bia; Unitad States
Express, 4lA Az; Pacific Mail, 3s%
a 80; New York Central consolidated, o47s
w. w. o0iP' wa oi"' AIi"' %|'s u zaSi;
Harlem 1928 1873; Reading, 9e7s 9s1G Michigan
Central, 11sA bid; Lake Shore, 921z o21s; Illinois
Central, 1851 l36s{ Cleveland aud Pltsburg
1857 a 1O8; Chicago and Northwestern, S2k a s2X;
do. preferred. SIN s75S; Cleveland Columbus, Gin
cinnati and Indianapolis 79G bid; New Jersey Gen.
trial, 1914 102; Rock Island, 1l31s 1l39i Miwau.
kee and st. Paul, 81 bid; do. preferred, rs 49,;
Toledo, wabash and Western, SIX So; do. pre-
ferred, ~ rs; Fort Wayne, "a bid Chicago and
Alton 1111s bid; do. preferred, liz 1l8; Ohio and
Mississippi, 34ts 34i4 ST. Louis and Iron Mountain,
Al bid; Delaware, Lackawanna and Western 1O2
1903; Morris and Essex, ssX 80; Boston, Hartford
and Erie, 81 a az; Hannibal and st. Joseph 1924
q 10; do. preferred, 1l2 ala; Columbus. Chicago
and Indiana Central, i7H 17h.
HIGHEST AND LOWEST PRICES.
The following were the highest and lowest price,
to-day for the leading active stocks:-