The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1870-11-26

FOREIGN EXCHANGE DULL.
The forcign exchange market was quiet and with
out change in rates. ss#'
MONEY EASY.
The money market continues 10 show the same
featu-es of ease. Borrowers on CALL with pledge Of
government collaterals, are accommodated ut four
Ave per cent, stocks al i've to SIX per cent
Commercial paper ~ without new feature. Prime
names are readily negotiable mt -. per cent dLs
count
TaE GOVERNMENT PURCHASE OF bonds
The Assistant Treasurer received proposals to-day
for The sic to tue government million OF iive-
twenty bonds-ttA transaction being the one asyer-
tsed for yesterday, bur postponed OF the
Thanksgiving holiday. Tne amount sTercs was
over $2.eo0,0o0 Tie purchase limited 10 tho
million called ior
GOVERNMENTS LowEE.
The large amount offered at the sub Treasury a.
well as the moderate prices asked therefor, ~ well
as the lower prices In London aud the small advance
in gold. rendered the government list heavy
and prices fell on & a 4 per cent. The
speculatish at the government BOARD is On
the wene, through an Apprehension that Congress
win accede to the popular demand 10 eonine che
duction OF the nationa debt 10 specasd limit thus
restricting tue irregular and large purchases Of the
Treasury Department for tho sinking and special
funds and enabling reduction OF the taxes. At the
same time the market could not be called weak for
there Is a steady investment demand, which pre-
vents anything IKE sharp decline, governments
being ut present prices lavorite investment. with
corporations and private capitalists. The closing
street quotations. this evening fol-
lows:-Unlted States currency SKIES, lloX
III United States skies, 1881, regis
tered, Il3k : il37.; 40 do, coupon, 113a .
1884,: do. 1ve-twentles, reg,stered, May ana No
vember 1867 lo7: do de-. 1882, csursu, do 1917
a 1O7s<; do DO. 1864 do. do. io6,. ioI; DO. d.,
1865 do DO, lo1 1913; do. DO, Registered.
January and July. 1905 lo9}4: do. de-. 1865, csu-
pom do 1oot4 1922; 90. de- 1857, do. 40, 1osi6
1897: do. 49,, 1858, do. de-. 1925. = 1897: do.
tenforres registered, 1904 1865: do. do coupsa,
1865 1908.
sroCKs STRONG AND guor.Sr.
The stock market AZ the opening was urn, but the
reported excitement In London produced decline
on the general list, which was afterward checked
when IL was found that the depression abroad en-
tended less TO American securities than to home
investments. III fact, Ere quoted In London at
20 tsterlingl when conselS had fallen to 921s, the
former being the highest price attained there for
over year. II is only fair 10 say, however that
much OF this strength IL due 70 the reported manipu
iatiop OF the foreign market by ageHts OF the well
known Erle clique in this CITY, Subsequently the
market became strong ana buoyant with Il general
advance in prices, on the announcement that the
rival trunk lines leading out Of this city had agreed
upon a tar,f OF winter irelghts. The new arrange.
ment 20 90 into eject at such time as wonId antci.
pate the increased business arising out or the closing
OF the season OF navigation IL also reported on
the street that the several boards or directors the
various lines had ordered an early presentation OF
treasurers' reports, in order that they might de-
clare dividends before the close Of December after
which time the old law, imposing tax Of I'VE per
cent on dividends, VIII go into effect again. 1t will
be remembered. in this connection, that the last
Congress, in revising the Internal Revenue laws,
committed an oversight and left q hiatus in the
rerlod FOR collecting such taxes, extending to the
beginning or the ensuing year. -
!, HIGHEST AND LOWEST raIcRs.
The following table shows the highest and
Iswest prices of The leading stocks during the day
Highest, Lsirest
Ma yortr 80 n raj consolidated az