The New York herald., 1870-01-27
FINANCIAL and COMMERCIAL.
WALL STREET,

STOCKS IRREGULAR.
AZ tho Stock Exchange the earliest prices were
sooos - they closed tha previous day; but a. tho
forenoon wore the speculative spirit strongly
On the vanderbilt shares, the programme OF the
"Duls" In these securities seeming TO contemplate
the alternate movement or the stock and the scrip
Thus the former was the favorlte to-day as
the latter was yesterday. The report Is de.
MED that conversion Of the scri0 Is IN
tended but whatever the present plan 1t Is
the purpose oil the controlling powers to seek legsla-
tt0n which wi favor both an Increase OF fares and
m increase OF the capital stock Let this statement
be held in memory until the Legislature has ad-
journed. Not less In interest was the speculation
in Rock Island. which despite It's exile the side
walk was feature II not tine feature. OF the rail-
ways 1t seems tnat the action OF the stock Exchange
has put che directors upon their dignity, ana hence
the persistency with which, 1t is alleged rney have
sustained the price In the face OF the Immense
pressure OF speculative sales. The street largely
short OF Rock Island and the market IN It's Oyersod
condition u very sensitive to bulllsh influences
The price late this afternoon was run up TO III as
against 107X at the opening. Intermediately the
market underwent decline from the Duoyancy OF
the forenoon and was weak on Lake Shore, ST. Paul
and Northwest. The large falling of in the earnings
OF these roads checks the demand for their STOCK
and induces holders to sell. The lower price OF gold
has LED to the boarding OF the Western crops and all
lines depe ndent for freights upon the movement Of
grain begin TO iee the light shipments of produce.
Hence the weakness observable in the three stocks
Just mentioned. In the miscellaneous shares Cum
berland opened steady at 3614 q 36jS BUT de-
elined finally to 35L. Pacific Mail, despite
the contradiction 0f the report that the New York
and San Francisco portion OF the line To be aban-
doned, was weak and sold as low as 3s]s. There
was little movement and higher prices to-day for
Mariposa preferred The market at tie close
reacted from the lowest prices OF the afternoon ana
left OF steady at the figures which appended
the list Of STOCK sales.
GOLD ACTIVE.
The upward movement in gold was stimulated by
the heavy bids from important houses at the govern
ment sale to-day ana the price advanced to 122.
The lowest price was 1917 and the closing figure
12lM. The bulls are encouraged to buy from the
fact that the Western farmers are Withholding
the balance OF last fals crops, expecting tnat
they Will be able 10 get better prices when gold
takes the generally looked for advance In the spring
and summer. The exports are moreover, fan.
ing scale for the new year. ana the decrease this
week as compared with last Is hap million of dol
lars. The heaylness OF American Securities IN Lon
don IS apprehcnded in some quarters as premi-
nary to their reshlpment particularly as tney now
encounter the rivalry OF the Russian loan. The
IN London, but closed better. The bids the gov.
ernmcnt gold were for total Of over seven and a
quarter millions at prices ranging from l2ois to
121.70. Tie awarded lots were fol.ows:-
$9l6500, l2i65; $4,000, 1916; 5000, III 20;
$4,000, 1916; $4,000. 1916; $1,000, III. 66;
$4,000. l2i.6T.
GOVERNMENTS STRONG.
The domestic market for governments was not
uufay0raby affected by the character OF the foreign
have OF late large sellers on foreign account.
Prices were active and somewhat unsettled. but
closed at the ocst figures Of the day as oilows:--
United states currency SKIES Ill ills; do, 1881,
registered, lis 1lst4; do. do, coupon, ils4 a
1lS1<; do. nvc-twentes, registered, May Novem-
Der. 115A lI6; do., do 1862, coupon do., 1l55s O
116; DO. do 1851, do. do 115L llG: do DO. 1868,
do. do 1l5s4 l16; do do, registered, January and
July, 1l4a lax; DO. do 1865, coupon. do ll4ta a
114H; do. do, 1867, do, do. Has. ll45s do. do,
1885, DO. do li414 ll455; do. tenorties registered
1l2>< li2a4; 10. do, coupon, 1i2s+ a Il3.
THE MONEY MARKET
retained the general features enumerated 80 fre-
quently since the general relaxation II the
call. The stock houses were more extensively ac-
commodated to-day at five per cent and the govern
ment dealers at four; but great deal Of business
was done at per cent and little at seven. Com.
merc!al paDer was steady Foreign exchange,
though nomnally quoted as on yesterday, Was lower
IN actual transactions the market Deing dull buy ers
deferring their purchases until the Saturday
steamer. the departure OF tomorrow not oeing opu-
Lar with remitters.
TUE RAILWAY BONDS AND MORTGAGES
The ease IN money has OF late diverted consider.
able capital To the railway bonds and inortx ages
with the effect Of rendering the market active and
firm. There are few Of the list which have u ot im.
proved from half to three per cent within the past
few weeks. Central Paci1cs advanced 10 GA and
Union Paciics to s41s. The agents OF the Western
Pacific report the closing out to-day or the last Of
the loan negotiated by them. The bids at the morn
Ing board were as fo.lows:-New York Central SKIES
1883, ss: do. do, 1887, IS; do. do, real estate,
So; do. do, subscription, 50; do seyens, 1876,
100; Erie first mortgage, extended, "a; do. scyens
second mortgage, endorsed 1879, S01; do do. third
mortgage, endorsed, 1885, SO; do. do fourth mort
gage, endorsed, 1880, 1913; do. d0 9th mortgage.
endorsed 1888, 73; Buffalo, New York ana ErIe first
mortgage, 1877, So; Hudson River sevens, second
mortgage sinking fund, 1856, 104; DO. do., third
mortgage, 1876, 1Ol; Harlem, first mortgage 100;
Michigan Central first mortgage clghts, 1882, 1l6js
Chicago Burlington and Quincy eight per cents,
first mortgage, 107: Michigan Southern anu North
ern Indiana SINKING fund seven per cents 81: Pacific
Railroad seyens, guaranteed by Missouri, 81 Cen
IdCmC JULIUS, Sots, UHiOH IiciuC uIst
bonds. s3s; Alton and Terre Haute first mortgage.
92S; do. do second mortgage preferred 81; do. do.
Second mortgage income, 73h; Chicago ana North.
western sinking FUND, 90; do first mortgage 9S14
LacKawanna and Western bonds, 90; Delaware
Lackawanna and Western second mortgage, 92
Toledo and Wabash first mortgage extended, 9l
Toledo and wabash second mortgage So: Greal
Western hrss mortgage, 1888, 50; Great Western
second mortgage, 1885,, n; Illinois and Southern
lows first mortgage 20; Galena and Chicago Sec
ond mortgage, 81; Chicago and Rock Island 1rsi
mortgage, 9ssi; Chicago, Rock Island ana Pacific,
os; Cleveland and Toledo sinking fund, %; New
Jersey Central nrst mortgage, lol; New Jersey
Central second mortgage, 30; New Jersey Central
new bonds, 0sa: Pittsbarg, Fort Wayne ana chi.
cago first mortgage, look; Pittsburg, Fort Wayne
and Chicago second mortgage, "a; pItsourg,
Fort WAYNE ana Chicago third mortgage, 90
Cleveland and Pittsbnrg second mortgage 90
Cleveland and Pittsburg fourth mortgage rs; Chi