The New York herald., 1870-02-03
STOCKS STRONG.

particularly In the afternoon. Earlier operations
were ouil and without specla feature, the omission
OF the morning call ana the absence OF many promi-
nent brokers rendering the market quiet. After
midday the speculative spirit became animated
ana there was general advance In prices. The 70.
cent activity OF the miscellaneous stocks Ii one OF
the best evidences OF the Dush" inclination Of ope.
rators. The feature was Northwest which, despite
falling on In receipts Tor last week a compared
with 1862 rose to 7a Tor the common and to 90 for
the preferred The stock has been heavily ovcr-soid
tho controlling owners having worked short inter.
est into It, which Is the secret Of the strength ex.
hiblted to-day. st. Paul was quiet and barely
steady. Lake Shore was steady bus comparatively
neglected. Pittsburg advanced TO 03T. Rock
Island attracted less interest to-day, and at one
time the crowd Of street dealers dwinded down to
about half dozen. The price nuctuated between
l14H and 1l6A, and closed at 1l6. The Vanderbilt
stocks and Erie were strong and active. In the
miscellaneous list Pacific Mall advanced to Il u, while
Western Union was strong II 3eX Q 38X. Late in
the afternoon Columbus Chicago and Indiana Cen.
tral Railway advanced to 1oh. The Chicago ana
Alton Railroad Company has declared q cash divi.
dend Of nve per cent, free out OF the earnings OF
the last SIX months, payable March l. The follow
Ing were the closing quotations OF stocks at theregu-
lar session Of the board:-Canton Company. Sc
66h; Cumberland, 324 Bio; Western Union Tele-
graph, 36z 362s; Quicksilver, 15K l51; Maripcsa
10 10H; do preferred, 20x 20A; do. ccrtin-
Gates, 4971 81; Pacific Mail, 4O. bid; Adams Ex.
press, o. . 64M; WellsFargo Express 20; Amerl-
can Express, 37A q 49, United States Express,
SIX 621s; Merchants Union Express, 6L bid;
New York Central consolidated s67s 81; do. scrip,
eSK 93H; Harlem 1881 q I4o; do preferred 14l
bid; Erie, 24X 2421; do. preferred uHa 43;
Reading, 96a<; Michigan Centra:, lls . 1le; Lake
Shore, s5K s5;s; Illinois Central. 13o q 1857;
Cleveland and pittsburg, s25s 9a; Chicago and
Northwestern. 72I Is: do. preferred SyH S9,<;
Cleveland, Columbus and Cincinnati, "A q IS;
Milwaukee and st. Paul, ~ q 72,S; 90. preferred
s1% . Se1z; Toledo and Wabash, sax a "a; do. pre-
ferred. TAX 7s; Fort Wayne, ssH bid; Alton ana
Terre Haute, q 49, do. preferred 54 So; ohio and
Mississippi 25A 251I; Delaware and Lacka-
wanna, 104X los; New Jersey Central osT q 90;
Chicago and Alton, l44K 0 l4516; do. preferred,
l45 lag; Morris and Essex, seA; Hannibal and
St. Joseph. 107 107A; do preferred, LOG l07;
Marietta ana Cininnatt first preferred. Is 20;
Dubuque and Sioux City, LOG q 100K; Columbus,
Chicago and Indiana Central, 1sx a lsX.
THE CITY BANK STOCKS.
The following were the bids to-day for the city
bank st0cks:-New York, 1874; Manhattan, 143; Mer.
chants. 122s; Mechanics 1876: Union l25; America.
143h; City, 210; Pnenix, 1O5; North River, 96;
National, lis; State OF New York. 1o2; Commerce,
1924; ocean, IS; Mercantile, lis: Bank OF the Re-
public, 11o; Bank Of North America, IOo,S; Hanover
los; Irving, ia; Metropolitan 1888; Grocers' ITO;
East River lo5; Nassau, lo3; Corn Exchange, 1876;
Continental, sS; ST. Nicholas, III; Commonwealth,
1l0x; Importers and Traders, 142K; Park, 83;
Central National, liz; Fodrtn National, 1o1X Ninth
National, 10S; Tenth National, 1857; Oriental 16O1;
Bankers and Brokers' Association, Ill.
FOREIGN EXCHANGE LOWER.
Foreign exchange was STEADY In the forenoon,
but after the steamers became dull and In the pre-
sence Of better supply Of cotton bills declined an
eighth per cent, rates ranging as Notwithstanding
sixty days. commercial, 1881 1851; good to prime
bankers, 1oeN 100; short sight, 1os1l 1oox;
Paris, sixty days, 62l1 5.174; short sight, 516%
a5.15; Antwerp 5.2lA 6.171s; Switzerland, SIX
. s17K; Hamburg, s5ss a6,s; Amsterdam, 4o>1 .
AoX; Frankfort 4O,s q 40H; Bremen, 7s% Q 79H;
Prussian thaers, 7Osl a71N.
COMPARISON OF RxPoRTs
The following shows the exports exclusive of
specie from New York to foreign ports for the week
ending February !. ana since the beginning OF the
year.
1858. 1869. 1870
Previously reported 500 sss soiss iossa ssS
Since January .slo.67s71s sl4777lsa s1Ao7s, 500
THE MONEY MARKET.
The money market was abundanty supplied at
ovc to six per cent on the various classes Of coat-
erals. Exceptions occurred az four and seven per
cent The rates Of discount in commercial paper
have drawn quite close together In consequence Of
the limited supply and the strong demand. Prime
double names arc current at seven to eight per cent.
Nothing further transpired to-day with reference to
the alleged suspension OF the 1rm OF jawelry
dealers on Broadway, ana is conectured that they
have overcome the temporary embarrassment which
led to the report.
GOVERNMENTS STEADY.
The government market was steady ana without
special feature. The first session OF the board was
held at noon. when prices were lower than at the
close last night. but rallied in the afternoon an
eighth TO quarter per cent The latest street
quotations were as follows:--United States cur
rency sixes 1ll6 ll1%; do SKIES 1881, registered
IlS a 11sH; 90. skies, 1881, coupon 11s1 O
l1sh; DO. nve-twenties. registered, May and No
vember, 1151s ll5'l; do. do, 1862, coupon, 116h
q 115'<; do. do, 1854, do, 115% 1153S: DO. do,
1866, do, 115H ll5% do. do, registered, January
and July 114n 1144 do. do, 1885, coupon do. 114I
. 114k; do. do 1861, do, 1l4X 114,s; do. do,
1858. do, 114's 114; do. en-fortes, registered,
1o9jk 109H; do. do, coupon ll2h 1l2x.
sourHERNs SECURITIES STRONG.
The Southern state bonds were firm and higher
for the general list. The new Tennessees advanced
TO so as against Az at the opening upon large pur-
.chases by railroads. who by recent law, are
authorized to extnguish the mortgages on their
Zines with State BONDS. The Louisville aud Nash.
VILE Company have been large buyers In this way to
redeem the Indebtedness on the Tennessee section
nnd upon the leased branches Of their road The
South Carolinas were strong and active under pur-
chases by the insurance companies doing business
in the State for deposit with the Comptroller before
the 21st inst, IN compliance with q State
law requiring such deposit OF collateral secu-
rity under penalty OF forfeiture OF the privi-
iege to do business. The old and new bonds
ranged side BY side in price and advanced to 50.