The New York herald., 1870-10-29
MONEY FOUR TO SIX PER CENT

combination who cndeav0red to produce stringency.
1t seems that the District Attorney consulted AT
the time the Canadian banks exacting usurlous
rates for their gold; but proceedings taken.
as the latter ceased their operations. The locking
mp or 81 100000 currency the other day In OF the
city banks has provoked afresh the indignation
OF tha 'Duisn Ia stocks, and deputaton
OF brokers interested In an easy money
market waited upon the District Attorney to-day
With charges intended to be laid before the Grand
Jury. There Is great CONSERVATION among the
agents OF Montreal bank as to the result OF these
proceedings particularly as the parties who have
preferred the charges highly influential citizens.
II Will be remembered that the Grand Jury las year
spared no one but imposed fine anu Imprisonment t
where the usury was plainly proven. The Montreal
bank was besieged to-day by persons who hal bor-
rowed money OF II, ana who returned oaas ana took
up colaterals, fearing that in OF injunction
on the bank their securities would be placed beyond
their reach for an Indefinite time. The penalties
recovered in suits for nrractions OF the usury laws
are paid to the Commissioners Of Charities and
Correction.
FOREIGN EXCHANGE STEADY.
The steamer China, from Liverpool. with large
consignment OF coupons belonging to European
holders OF fve.twenties, did not arrive IN time TO
permit the cashng or the coupons at the Sub-Trea.
sury this afternocn and lence the corresponding
mittances cannot be made before next week. Tie
steamer is SAID TO have brought about 5000 coo
worth. The anticipated demand FOR exchange was
thus wanting and rates, while nomlnalIy un.
changed. were less firm, with actual transactions
out OF second hands at or eighth per
cent
GOVERNMENTS UNSETTLED.
The government list was weak during most OF the
day. IN response to the further decline III gold ana
prices at the Board fell OF about quarter per cent.
At the close there was o sudden display OF strength
and prices recovered, the market closing nrm.
whence 1t is conJecturcd that the China's mails,
which were delivered IN the street this afternoon,
brought large amount OF orders TO turn the cou-
pons into bonds and send the latter home to Europe
instead OF the gold. The rise is also attributable in
part TO the advance OF the Lcndon quotation,
which closed to night at ss4 for the e2's.
The final street prices were as follows
United States currency SKIES, Ill nix; do, 1884,
registered, 1l35s ll3a4; do. do, coupon, ll3si
1884: GO. Gve-tweniies, registered, May and Nc
yemser. los 1881; DO. do, 1882 coupon, do, 1l2h
l12s4; do DO, 1864, do do lll,I 1111a; do do,
1865, do. do, l1Iis Xix; do do, registered,
January and July, llo}z hey; do. do. 1855, ceu-
pom, do, l1oa llo1s; DO do, 1867, do. d., l1o5I
o llo1s; do. no., 1858, do. Go. llol n llo5s; Co.
tcr-ierties registered lG61s 1868; 10. DO, coa-
pom. 1868 . l06s.
The sudden change 70 elss In the money market
yesterday led to rather hrner market stocks mt
the beginning OF business to-day, and In the early
dealings IN the Long Room prices improved, but the
dealings were light. The session OF the first board
was very dull one, and the market became heavy.
In the afternoon Gl active decline set In, and
although there faint reaction with the offer.
incs OF money on call at four per cent stocks pur
sued their downward movement almost without
interruption for the balance OF the day. As a con-
sequence the "bears' were IN ecstacIes over their
victory, which has been ach!eyal only after O
terrific struggle on their part. Tue lines OF
demarcatcn were less defined this afternoon,
for wine the bulls, have lost numbers OF desert
ers, who have gone to the enemy, the "bears''
are appreAeasvc OF the detection OF some OF their
partisans, who, using the t.mc-h0nored argument
that reaction mist easue after so STEADY dec re,
ere "wlole Inclined and hall disposed' 10 JOIN the
opposite side. At the saTe time the street Is all
confusion as 10 the situation. While some OF the
"bu,isr yowiug that their CoaJieres have been
treacherously selling through the professed opera
tors for Gecliue, there Ia shrewd suspicion that
the "bus" hayo bired the services of the ''hear''
leaders n order TO enlist 'sn0rt' interest which
shall be so widespread TO place fresh '.buil''
movement on broad and sure foundation. Durng
the past week there have been enormous sales OF
stocks but II is equally truo that have been
enormous purchases Such are the features OF Oh 0
present very interesting situation OF the speculative
movement Ut the stock Exchange. The following
were ihc closing prices at the last session or the
| Doari:-CaD,on Company, ON 9; Cumber.
! laud Iron. 40: We9tatn Un!on, SO a 39tl; Quick
| silver, 9; Mariposa, a.. q 5; DO. preferred,
| SO Q; Adams Express, G6;4 c7 Weils-Fargo
| Express 81 3Tiz; 40. scrip. 1lS s. American Ex-
press S3sS ~; Dnilea states Express, S3 33a IA.
cnc Mail i2l Il New YORK Central cons0n nlated.
Elk gl1; DO. scrip S6Y 5GsS; Erle, 222 q 22f5
! Earleln, l33 . l3i Reading, u9li eJ2s; AcGi-
| gan Central, II; L1ke shore, OK 90; lnion
Pacific, ?34 2I1I: Illinois central, 1874 1871:
| Cleveland aai PItisbnrg, 1913 1lt.; Chicago and
Northwestern. az. 1873; do preferred, o7s 3T55
Cleveland, Columbus Cincinnati and indianapolis, 81
hid; New Jersey Central, 1917. i0sH; Rock 1s!ahs,
llo1t 1Io54: milwaukee, and ST. Paul, 6i4 81; do.
! preierred so8 sO3i; Toledo. wabash and western,
SIX 5l5s; do preferred, .3k bid; Fort Wayne, 931i
/ q s3,.; Chicago and Alton, ll5 q 1151; do pre-.
| ferred, 1l5 NIX; Ohio and Mississippi, 31A o
s15S; st. Louis and Iron Mountain, Ask bid; Della
| ware, LaeSawaTna and Western, los q 100; Morris
| aad Essex, sl 92;1; Boston, Hartford end Erie,
SgI bid; Hannibal aud St. Joseph, los bid do Pre-.
ferred, l15'. ll7 Columbus, Chicago and indiana
| Central 171 III. FL
HIGHEST AND LOWEST PRICES.
The following table shows tho highest and lowest
| prices Of the leading stocks during the day
Rt0aest Lo,rss,.
New York Central conscndated.... 62A ol,s
New York Central scrip. S7A Se15
4