The New York herald., 1870-06-19
MONEY MORE ACTIVE.


MONEY MORE ACTIVE.
Toward the close OF banking hours there was
better demand for money, and, IN few instances,
borrowers paid five per cent. The general rates,
however were three per cent on governments anu
per cent stocks The activity referred TO Is
attributed to heavy purchases OF Lake Shore yeser-
day, the money for which came due this afternoon.
Commercial paper is scarce. The few transactions
which take place are at 5k to 81 per cent for fine
double names. Foreign exchange was dull after
the steamer and unchanged.
GOVERNMENTS DULL AND STEADY.
The government market continues exceedingly dul,
and was steady to-day in sympathy with The iirmer
tone OF the gold market and in answer to the WASH
ngton report that the Funding bill is dead for the
present session. Considering the low rate for money
ON call the inactivity OF the market occasions con-
siderable surprise. The following were the clos
ing street prices:-United States currency skies,
ia 114H; 40. SKIES, 1881, registered 1l4M
115h; do. do, coupon lis 1874; do: 1ve-twentles,
registered, May and November, 1l1A ll1H; do.
co., 1852, coupon do, 1924 1l2A; DO. do, 1864,
do do, 1l14 q me-; do. do, 1865, do. do, l1l%
o ll1H; 10. do, 1866, coupon, January and July,
113& l1S24; do. do, 1867, do. do, 1131s la DO
do. 1858, do do, 113zs ia; do. tenforties reg
istered, lO74 1os; DO do, coupon, 1881 loS3's.
STOCKS STEADY AND DULL.
market was dull and steady. The only features
we're Lake Shore and New York Central. The latter
was heavy in the forenoon on the reduction of rates
to Chicago and the West, but became strong in the
afternoon, and advanced about one per cent on The
unfounded rumOr that the rival lines had made up
and settled upon more profitable schedule. On
the contrary, the Pennsylvania Central fired new
gun to-day by reducing the fare to chicago
TO fifteen dollars The parties who got the
first inkng Of this reduction were quietly
selling Central on the rise this afternoon
Lake Shore was heavy in sympathy with Central,
and despite the large purchases OF yesterday which
amounted to about 100000 shares or 100000 In
money, declined to par, but Eahled to 10OX on the
rumOrs of the afternoon. The movement IN this
stock is confined to few large operators and
clique outside the direction When, two months ago.
il was selling at 1O1 we warned the public that the
Vanderbilt party, who bought at 70 &c. had sold out
but the stock fell back only to 95h, such was the
wonderful huOyancy Of the stock market in time Of
( easy money. The parties who really control the
| stock ana who can fix the dividends nave
again taken hold OF it. 1t certainly curious that
the purchase yesterday of 7O0 600 shares should hav
advanced IL to 1003S only, and that it had to be sns
tanned to-day with bogus reports Of settlement OF
the railway "war." Erie was active at the morning
board where it advanced to 26A but fell on TO "a II
ana closed uull NOrtnWeSC WAS lOWcE ou u luz
decrease in earnings despite the exaggerated re-
| ports of q heavy grain movement from the West.
| The Western railways were generally lower and
heavy The following the closing prices at the
! last session of the Stock Exchange:-Canon, 671a
| e7N; Cumberland, 43; Consolidated Coal, q a 2S1a
| Western Union, 35 a 353s; quicksilver, 8; Mari
posa, 6s s; do preferred, 151a 16; Atlantic Mail,
| SO q 361S; Pacific Mail, 43s a 43ss; Boston Water
| Power, l61s bid; Adams EXPRESS 643S 644;
Wells, Fargo Express 161s; do scrip, 8 q az; Ame-
rcan Express 48 481s; United States Express, 40 e
! a 45h; New York Central consolidated, 80 99I
| do scrip, sf% q 95I; Harlem, 145H 1452s
| Erie, 2i3s 2514; Reading, 1914 1917; Michigan
| Central, ia bid; Lake Shore, 1905 1907
| Illinois Central, 14lH; Cleveland and Pittsburg
1o95S l1Ok; Chicago and Northwestern, s4A S414;
| do preferred, S0H 80; Cleveland, Columbus and
| Cincinnati, so S11a Rock Island, 1915 12lA "a Mil
| waukee and st. Paul, 677s do. preferred
| s2h a S2%; Toledo and Wabash, 593S 59h; do
| preferred rs 7e; Fort Wayne 9714 9s; Ohio and
| Mississippi, 41 Az; Delaware and Lackawan ma
| 1lOh l1lk; New Jersey Central, no. Chicago ant
Alton, 11o bid DO. preferred. lis bid; Morris
| and Essex, 90 0l; Hannibal and st. Joseph
| 121 q 12lH; do. preferred, 1909 12l; Iron
Mountain, 4sA bid; Boston, Hartford ana Erie, 51a
a 6%; Columbus, Chicago ana Indiana Central, p Il
a 222s.
| HIGHEST AND LOWEST PRICES.
| ri,o cho,vo gI,p md q