The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1870-07-15
MONEY EASY.

Money was easy at tour per cent as the generally
prevailing rate ON call loans. Exceptionally some
of the stock houses had to pay five per cent, and
few OF the lie ldng government dealers had balances
left with them OF three. Commercial paper Is scarce
aud IN good demand at 61a to I per cent for prime
double names,
Foreign exchange was dull and Arm at previously
quoted rates. The Gcrnaf houses asked, In fact,
an eighth per cent higher for sterinG-vlz ITO for
sixy-day bllls-but the English houses were willing
to draw at 1917 11Ok.
STOCKS WEAK AND DECLINED.
The stock market was dun and heavy in earlier
dealings and prices on light business gradually
fell or as tho gold market strengthened. The stock
brokers were inclined to make merry over the ex-
element OF tho gold brokers ip the adjoining apart
ment, aud az the gold dial In the Long Room ex.
hblted the shifting price OF gold they proclaimed
peace war rival cheers Later In the day, when
gold ran up to lax, they grew more serious, aud
found their own OK was being badly gorel by a
sharp decline in stocks, which were thrown over
board at q rate which thre lteaed panic,
and doubtless ould have led to something OF that
character had not the kilograms from Europe sud.
denly changed the course of the gold market To
philosopher Wall street Is just as interesting any
place in the world. Its Inconsistencies are its most
curious features few weeks ago the "bulls" Ia
bored might and main to discOmect gold and stocks
They were exceedingly annoyed every time the gold
market declined. They wished gold to go up rather
than go down. To-day there wasn't q "Dull" IN the
stock market who ddn't wish gold to 80 down. In
deed. the situation has SO changed now that the
"ocasn in gold are the "bdlls' III stocks, and the
pulls" in stocks are 'bears' in gold This change
Is Sill more striking IN government bonds, which
go down as gold goes up, whereas the movements
were exactly the reverse only q few days ago. The
lowest points touched In the "break THIS after
noon are shown In the comparative table below.
The following were the closing prices at the last ses
sion OF the Stock Exchapge:-CantOn, 20; Cumber-
laud, IS 80; Consolidation Coal. % 292l; Western
Union Telegraph, SAX a 34%; Quicksilver, a 50;
Marposa, 0n s; do. preferred, AK l47s; Atlantic
Mail, 80 a 81; Pacific Mail, 405s 40s4; Adams Ex-
press, 67% 6S16; Wells-Fargo Express, 49, 161;
do scrip 2% q 30; American Express, 44b AZ;
United States Express ASH bid; New YORK Central
consolidated. OK 97ss; do. scrip, ok 9224;
Harlem, 1857 1873 Il; Ere. 22ss %; Reading, 1914
q 1917; Michigan Central, ll9h bid; Lake Shcre,
oak OAK; Illinois Central, 1888 bid; Cleveland and
Pittsbur9, 1O7 1885; Chicago and Northwestern,
s21. S234; do. preferred, SIX a SIX; Cleveland,
Columbus ana Cincinnati, 821 bid; Rock Island,
1879 112T: Milwaukee and ST. Paul. 65 a 65A; do.
preferred, SO soH; Toledo and WABASH, 54H SAX;
Fort Wayne, 95 a 954; Ohio ami Mississippi, IS
35I; Delaware and Lackawanna, 105Ja 100; New
Jersey Central, lO316; Chicago and Alton, 11eh lis;
Morris and Essex, 80 %; Hannibal aud st. Joseph,
lis a1159l; do. preferred, III l22; Iron Mountain,
4S bid Boston, Hartford and Erie, 3Ha34; Column
bus, Chicago and Indiana Central, 2)4 a 2O]E.
HIGHEST AND LOWEST PRICES.
The following shows the highest ana lowest prices