The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1870-07-28
MONEY EASY.


There was still further relaxation in money ana
Borrowers OH call, with pledge OF miscellaneous col
aterals. accommodated at five to six per cent.
On governments the rate was three TO four per cent
In discounts there was more currency for prime
double name acceptances at seven per cent.
Foreign exchange was steady for sixty day ster-
ling and higher for sight bills. The demand runs
entirely upon the latter, and rates now show a ds
ference Of about one per cent compared with
sixty day bills The quotations were:-Sterling
sixty days, good to prime bankers, 10oK lo91s do.
sight, 1loA 1loz1; francs, sixty days, 6.l4,I a
5lSH do. sight, 5os'l 5.O7h.
STOCKS DULL AND STRONG.
The stock market opened weak owing TO the fur
tner complication in the European situation, as in
dicated by the publication the decree making the
Empress Eugene regent OF France and prices fell 10
the lowest made since the reversal OF the market
consequent upon the outbreak Of hostities between
France and Prussia Lake Shore fell to ss3s and New
York Central scrip to S5H. Later in the day upon
the reports OF frmer feeling In London the market
became buoyant and prices advanced from one to
three per cent. the upward turn being started by
Reading, which was the objective point
1t Is said, with some OF the New York
Central party who had purposely allowed
their own shares to decline in order to
defeat newly formed pool in Reading as well to
''shaKe out' the rebeious Lake Shore clique Of the
stock which they had bought in the attempt to Gust
the Vanderbilt direction. The easier feeling in the
money market encouraged the rise, but the dealings
Old not extend to the outside public who are still
waiting for moro satisfactory demonstration OF the
removal Of the depression produced by the foreign
war. Moreover, the yacht race diverted attention
from the Long Room, and the market, though
strong after the reactio n above noted, was dull.
CLOSING PRICES AT THE STOCK EXCHANGE.
The following were the prices at the last session
OF the Stock Exchange:-Canton Company, 65X;
Cumberland Iron, 20; Western Union, 331x s32.;
Quicksilver, bid; Mar1posa, 7; do. preferred,
O 10; Adams Express, 6ax 65H; Wels-Fargo
Express, Tx AN; American Express, 42K
q Al; United States Express, 43k A; Pacific
Mall 8s 20; New York Central consolidated,
elk 91K; DO scrip, s6A SIX; Erie, 2lH;
Harlem, 1904 O 131; Reading, 95H 95H;
Michigan Central 11e 11s; Lake Shore, s9X q s93i;
Illinois Central, l31; Cleveland and Plttsburg 1O5H
bid; Chicago and Northwestern, s1A bid do pre-
ferred, 81 a s4M; Cleveland, Columbus. Cincinnati
and Indianapolis so; New Jersey Central o. y bid
Rock Island, 112X bid; Milwaukee and st. Paul, SO
59X; do. preferred. 75H 75}s Toledo, Wabash and
Western, AK AK; Fort Wayne o2k 92zs; Chlca
! go andAlton, 115 bd do. preferred, 11e bid; OHIO
and Mississippi, 1871 331a; Delaware, Lackawanna
and Western, 1041s 1O5; Morris and Essex, S75l
| sS; Boston, Hartford and Erie, 81 bid Hannibal
ana ST. Joseph, 100 bid Columbus, Chicago and
| Indiana Central, 16ss H.
HIGHEST AND LOWEST PRICES
The following shows the highest ana lowest prices