The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1870-11-04

Iho Clty OF Merida, nom vera CRUZ and Havana,
Drought s260oooo in SPECIE in transitu for Europe.
THE GOVERNMENT PURCHASE OF BONDS.
There werc twenty-eight offers at the Sub-Trea.
sury at noon to sell bonds to the government the
proposed purchase OF million eliciting offerings to
the extent Of $6,6o2,250. The award was not made
until quite ate this afternoon when the odd lot Of
$l777 600 was accepted, the excess above the mil.
lion being bon DIS purchase for the renyestmcnt or
the sinking fund gold sold yesterday.
GOVERNMENTS WEAK AND LOWER
The decline In gold, by diminishing tho value OF
the coin interest on government bonds, rem
dered the market for them weak, ana pro-
nuoed corresponding decline in price. The decline
was more marked in the fvetwenties than In the
ten-f0rtics, which latter were comparatively steady
owing TO the fact that they are in request by the
national banks for deposit ut Washington against
their circulation In place OF the hve.twenties.
The closing prices were as follows:-United
States currency slxes Ill 11lH; d. 1851 regis
tered, llSk 1i3k; do. DO, coupsn, l1s7l 11Sk;
DO nvs-twsntes, registered, May and November,
1o7X alo7X; 90. do, 1852, coupon, do, losN 1osX;
DO do., 1854 do do lo7X lo7h; do. do, 1855. do.
DO, lO7x 10TH; do. DO, 1865, registered January
ana July, loo,1 Ito; DO. do 1865, coupoa, do do,
1osx losX; do. do, 1857, do. do, 1osA no;
do DO. 1868, DO de-, Ito hex; do. tsn-fortios,
registered, 1osk 1oe1<; do. do coupon, 1o6H
1ooX.
MONEY EASY.
The money market was devoid OF the spasmodic
irregularity noticed the past few days. and worked
easily at four to i've per cent governments and at
i've to six per cent on stocks The discount market
was without essential change.
Foreign exchange was lower and dull on the basis
OF lceH for prime bankers sixty day sterling. One
OF the Canadian banks was drawing at O sixteenth
less than this rate.
STOCKS STRONG AND puoYANT.
The prospect OF peace in Europe the advance In
American securities IN London, the ease liz money,
the decline In gold and the adoption by the leading
railways Of harmonious and higher tarlr OF pas
senger fares to the West started a sharp advance
this afternoon IN the stock market and produced
considerable activity at the advance the market
closing bu0yant ut about the highest prices Of the
Day. The following the closing prices at the last
session OF the Stock Exchange:-Canton Company,
81 q 6S; Consolidation Coal, q 251s; Cumberland
Iron, s2x; Western Union, ao5s S9A; Marposa, ~
"; do. preferred, So a o; Boston Water Power,
15H q 185{; Adams Express, 81 q 67h; Wells Fargo
Express, 81 37K; do. scrip 2H q 8; American Elk
press, A a Do; United states Express, 33H "a;
Pacific Mail, Ak 42s: Atlantic Mail. "a a 90;
New YORK Central consolidated, 9lH ok; do.
scrip, 86X S61; Erie 231S 23< do. preferred 4s1
q 40; Harlem, 1885, bid Reading, 1904 lOl; Michi-
gan Central, 12oH 12l; Lake Shore, o2zl 90;
Union Pacific. % 3E Illinois Central 134X 1876;
Cleveland and Plttsburg, 1os]4 1881; Chicago and
Northwestern, 1919 bid; do preferred sSH sSs;
Cleveland, Columbus, Cincinnati and Indianapolis,
soN It'd; New Jersey Central, 1881 q 109k; Rock
Island 1l1x 11134; Milwaukee and ST. Paul, 6lx
6lX; DO preferred, sos sos; Toledo, Wabash
and Western, san 62h; do. preferred, IS; Fort
Wayne, 9sk bid; Chicago and Alton, 116 a 1l6I;
do. preferred, III bid; Ohio and Mississippi 32h
32h; Delaware, LackawanDa and Western, ITO;
Morris aad Essex, 90; Boston, Hartford and Erie
3N . az; Hannibal and st. Joseph, los bid; do.
preferred, lle1 o ll7h; Columbus, Chicago and
Indiana Central, 1871 Q 1874.
- ss AIGHRsT AND LOWEST PRICES.