The New York herald., 1870-07-23

currency bAanceS- z, 303 40
Nothing Il definitely known as 10 the extent or
the specis shipment tomorrow, but the amount
was variOnsiJ reported likely 10 reach about two
and half millions. IL Will be remembered that the
shipment OF last Wednesday only about nrty per
cent Of she sum which was reported beforehand. The
report assisted gold on iis upward movement to-day
the subsequent decline being helped by the lower
rates for anu dulness OF exchange.
yORMGS EXCHANGE LowEE
While the nominal quotations for foreign exchange
were the sanc az presicnsiy given actual trsnsac-
tons were al concession OF sixteenth to an eighth
per cont The dealings confined to sterling
and francs, continental bills being purely nominal.
The following were the closing quotations:
sixty days. good to prime bankers. 1927 1lOh;
short sight, l1O% li0z; Paris sixty days, s.143s o
5.l3s.; short sight, $40 5.095I.
SONYY EAsIgH.
There way a better supply oi money available for
call loans anu some or the government houses had
large balances left with them five per cent Other
wise The general rates six and seven per cent
according 10 the class OF the colaterals and the
standing OF borrowers. In commercial paper there
IA less activity and the rate OF discount ranges from
seven per cent upward for prime double names.
STOCKS UNSETTLED AND IEREGGlAE.
ihe stock market opened strong ana buoyant
under purchases by brokers representing the re-
puied clique and other heavy dealers, the decline In
gold to 11Sx also exercising temporary influence
in turning the tide OF prices. Ii but porary
however. The TWO markers have been disconnected
In great measure OF late ana their movements are
now more distinct Than they have been at any time
since the agitation produced by The war news
While an advance in gold w0uld doubtless lead to q
further decline In stocks II does follow chat
lower gold VIII lead TO higher stocks, unless the
weakening OF the gold premium arises from a
definite prospect Of peace Europe. The great
financial and commercial disturbance produced by
the hostile attitude Of the two greatest nations OF
Europe has checked the .'bul'' movement in stocks
commenced or rather revived, about the ist OF the
month, when, with peace all around the horizon
the receivers OF nearly sixty millions OF interest
money were seeking investments ''Bull' move
mcnts in stocks are peculiarly dependent upon
mental and money imitation that they require the
world TO be at peace That gold aud stocks may de-
cline together we have signal proof in the that
three days ago, when gold I23sS, New YORK
Central was 9S, Lake Shore 95s, Reading
81, St. Pant So and Pacific Mall 43. To-day
with gold l1sG 120-a fal OF about four per cent
New YORK Central was down 10 S274 Lake Shore to
s, Reading 10 93ss, St Paul. 592s, and Pacific Mail
401. Had the clique OF operators wac failed yester.
day sold gold al lis highest instead OF buying IL
they woad retrieved their losses In Lake Shore
and while the lowest prices or the present down
ward movement were made for New York Central
stock and scrip and for Reading the rest Of the
market WAS steady at the previous decline. ONO
and Mississippi and Rock Island were in
deed. ariner. Lake Shore again fell 10 80;
but as there is large outstanding short Interest
to be covered at that point it did not 90 below It,
Reading pressed for sale, ana large blocks were
thrown on the market owing to rumOrs that The re-
cent dechne Of ten per cent has occasoned heavy
Losses. II not failures, In Philadelphia. The general
market, after falling To two per cent reacted a
half per cent late in the day, and closed very
iast session o. the stock Exchange:-Canton Com
pany 65gf; Consolidation Coal 30; Cumberland Iron,
40 Western Onion, "a a 34,z; quicksilver, az Mari
poss, tS 6%i do. preferred, TX n llA;
Boston WAFER Power, Is bid; Adams Express
esk os; WeIs-Fargo Express, IL = 14A; do
scrip %. 27f; American Express, 43aI
United States Express, 43L Al; Pacific Mall, 40 a
A0,s; New York Central consolidated, 92H 03s;
do scrip, STA ss; Erie, 90 22a; Harlem, ls1 bid
Reading o3T1 n 81; Michigan Central, 1ls JIsh;
Lake Shore 80 a 9ol; Illinois Central 1907 a ls2;
Cleveland and PittSblrg, 105I a 1867; Chicago and
Northwestern. 50 . S2k; DO. preferred, ss3S bid;
Cleveland. Columbus, Cincinnati and Indianapolis
7s% soH; New Jersey Central loo1S q loi Rock
Island, lla bid; Milwaukee ana 81; Paul. 5s7s 60:
do preferred, 75x q 157s; Toledo, Wabash and
Western, AsA u 40; DO. preferred, "a; Fort Wayne,
p2k p3I.; Chicago ana Alton ia 1l5; do pre-
ferred ll4t, bid; Ohio and Mississippi, "a q 3a1,:
Delaware, I,ackawanna and Western, lo5 lo51s;