The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1870-12-14

ia M.... lio1 sP. M............. loI
12M.. ............. lloM az M. .;.......... llvA
In the gold loan market the rata ranged from one
TO four per cent carrying. The operations OF the
Gold Exchange Bank were rs tollows:--
Cole cleared. $50 sa3 600
Goiu bh.1nces.. ........,............. 9B5 sos
currency Daidhces... ................. I,IUl,5 $50
FOREIGN EXCHANGE FIaMER.
There is diminished supply Of commercial bills
In the market, and the rates OF foreign exchange
show corresponding nrmness. The quotations at
the close OF business to-day were as foilows:--
Sterling sixty days, commercial los a 1857; good
70 prime bankers, lcS7< 1o9; short sight, 1O9I
NsH Antwerp, 6.2l14 5.1s'4; Switzerland, 5.1sl
513sl; Hamburg, a5% 30; Amsterdam, 4oll a 4ogs:
Frankfort, so>s 4o5S Bremen, 1914 7Sa1; Prusssn
thalers, II a7is&.
MONEY FIVE TO SEVEN FER CENT
There was an improved demand for money to-
wards tho close OF banking hours when borrowers
on stock colaterals generally paid seven per cent
1t is hardly proper, however, 10 call the market
acvc at that rate for the that at the usual
hour OF making engagements loans were freely
made at six per cent. wnh exceptions &C seven.
The demand towards three O'Clock was evil
IDENTITY artificial, and attributable to bearish
movement OF some OF the Clique operators
at the Stock Exchange, whose plans were assisted
by the fact that accounts had been made up early i'm
the afternoon. Discounts were quoted at eh
per cent for the several grades Of prime double
names.
GOVERNMENTS STRONG.
Tue stock houses concerned in tie recent upwar a
movement in government bonds seem to have re-
newed their operations, and the market was gene.
rally higher and firm. An inilmatl0n is gwen that
the Secretary OF the Treasury will endeavor
TO close up the year with u further large
reduction OF the national debt and
that IN pursuance Of this intention he wi BUY more
bonds than advertiser Tor In mis- programme for
December. This expectation has been doomed to
disappointment so many times already that the
street Is not disposed TO place implicit faith IN It,
however, ana hence the market, while strong was
without buoyancy. The following were the closing
street prices this cvening:-United States currency
sxes 1909 ll0lz; United States SKIES 1884, regis.
tered 1l0s l1o1; do. DO, coupon, ll39s 13Js; do
hye-twentes, registered, May and November, lo715
1878; do. do, 1862, coupon, do, 1879 los; do.
do, 1864, do. do, 1917 a 1913: d. do, 1885, do,
no., 1o71 1878; do. do, registered, January and
July, 1868 1858: do do, 1861 coupon, do. 1887
ITO; do. do, 1897, do. do, 10 1iOi5; TO- DO,
1865 do. do, 1io 1905 do tcn-fortcs registered,
1861 lo8s4; do. do. coupon, 1905 1863.
STOCKS UNSETTLED AND LOWER.
The stock market opened strong and with fair
amount OF activity, but the smaller operators seemed
their sales being accompanied by some hanmering
from the "Dears, prices gradually settled, until, to-
ward the close decline or half to one.hif per
cent was established in the more prominent specu-
iative railway shares. The following the clos
Ing prices at the last session OF the Stock Exchange
Canton Company, 61is 20; Consolidation Coal,
20; Cumberland Iron, Is a 273a; Western Union,
45ys 40; Quicksilver, Az bid; MariD0sa, u Il;
do preferred, 1924 1919; Boston Water Power,
10 20; Adams Express, ooA s51; Wells
Fargo Express, S2l4; do. scrip 2La "a; American
Express 40 461s; United states Express, 50 bid;
Pacific Mail, AK q 423s: New York Central
consolidated, 91I OF; do. scrip, s67s 81; Erie,
2SI u "a; do. preferred, 40; Harlem, 1874 13a9s
Reading, 1881 o 104; Michigan Central, III q
1927 Lake shore, % . 93ls; Panama, TIN rs;
Union Pacific 10; Illinois Central, 1925 13s2t;
Cleveland and Pittsburg. 1906 1851; Chicago and
Northwestern TAX 742t; do. preferred, S4A s47s;
Cleveland, Columbus, Cincinnati and Indianapolis,
81 q SIN: New jersey Central, 1881 100; Rock
Island, lU99x; Milwaukee and st. Paul, 5914 $685.
do. preferred, SIX S1ss; Tsedo Wabash and West
ern, 51X a 5ln; Fort wayne, e4M s4ys; Chicago
and Alton III; DO. preferred, 111& 11sM; OHIO
and Mississippi, 3lH 31A; st. Louis and Iron
Mountain, As; delaware, Lacxawanna and Western
1899 ITO: Morris and Essex lex dividend), SO 49,;
Boston, Hartford and Erie, 2K 2%; Hannibal and
Sc. Joseph, 1887 lo4; do. preferred, los liz;
Columbus, Chicago and Indiana Central, 1S3t 1SA.
HIGHEST AND LOWEST PRICES.
The following table shows the highest and lowest
prlces Of the leading stocks during the day.