The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1871-06-05
atoms daily In the price OF gold

Governments were favorably affected by the rise
in gold and by higher quotations in London, and
large shipments were made by the foreign
bankers, who found them cheaper to send
than gold seton to bills OF exchange. AT
the close the list was a shade lower in some
lssues-a natural sequence OF the reaction In the
gold market-but was generally steady, in sympathy
with the strength OF the London market, which
Offset the decline in gold, and closed with the
following quotatons:-United States currency siXes
1863 1l57S; do. do, 1881, registered, ia 1144;
do. do, coupon, 11714 a 1171a; do. fve-twentles,
registered, May and November, 1119i a liz; do.
do, 1862 coupon, do, 1117s H.; do. do, 1864,
do. do lll4 IL; do. do, 1865, do. do, 11lsi q
III; do. do, registered, January and July, 1903
HOY; do do, 1865, coupon, do, ll4Js 1144; do.
do, 1867 do. do. l14ts 1l49s; do, 1868, do.
do, 11416 ll47S; do. tenoriies, registered, lo9I
1o9A; do. do, coupon, 10 nos
THE STOCK MARKET.
The question uDpermost In most minds in Wall
street during the week was, Had the bull move
ment on the Stock Exchange eliminated? For
answer reference was had TO the otherwise IIycx-
plicable steady decline in all except two leading
stocks-vlz., Rock Island and Lake Shore-wnch
appeared to be held rightly against the tide and
stood like the rear guard OF an army In retreat,
holding the ground against disaster until the main
body should get safely away. The absence of
clique support certainly appears wanting else
where than the stocks just mentioned.
The Northwestern shares, with an accumulated
five per cent cash dividend upon them, have Iallen-
the common from go to s4s, the preferred from 1O1
o 97.. This strongly suggests the retreat OF tho
clique from the "bull" slde Pacific Mail has been
confessedly abandoned by the "bulIs'' who bought
1t at IS 40. but finding 1t unaccountably devoid OF
buoyancy and constantly weakening in their hands,
sold out, turned round and forced 1t down to 43.
Western Union Telegraph and Ohio and Mississippi
have also almost gradually receded-the former
from about 81 to $50, and the latter from 55 q to
461s. But the explanation or this particu-
lar decline, doubtless, lies In the anxiety
OF the Vanderbilt clique to take care OF their
great scheme in Lake shore, to project which they
have temporarily abandoned everything else. Erie
has gone back from 344 to 2s1G, Wabash from 651t
Goa, Pittsburg from 1921 to lis uhat extra div-
dend Is suddenly forgotten, Union Pacific from 81 u
to 32h Reading from 1l94 to 115st. and Hannibal
and st. Joseph from los to 9s. The cliques have
probably been unable to get rid OF all their loads.
The Stock Exchange has been OF late so dull. par
tcularly since Its removal 10 the inconvenient and
crowded open ~ board and the public so cautious,
that no market has been afforded them Tor the full
disposal OF their stocks.
THE BANK STATEMENT.
The weekly statement or the associated banks is
favorable, but devoid OF important feature. The
heavy export of specie during the week has reduced
the line OF specie to the extent of over million and
a half OF dollars, but compensation for this loss in
the matter Of reserve Is more than made up by gain
OF about 81 900 in legal tenders The deposits
increased close upon three millions. In loans there
is q very moderate expansion, the Increase being
only $500, GOETHE result OF the duer movement at
the Stock Exchange, which necesstated less ac-
tive inquiry for loans in connection with speculative
transactions. The decrease in circulation is over
slOo,ooo-a larger amount than usual. The state.
ment contrasts with its predecessor as follows =
Loans - sol, 4slSas $751; so2,i4s Inc. $3.50, SO
crcuiaon GSY $685. 7ss Dec Dec is95 81
Deposits. 2S,4eo760 24i,Ss35l9 me-. $50
Legal Tends. eS,23o,41s .o,0ooS33 Inc. 2,G70,4l5
An analysis OF the above figures shows net gain
in reserve OF s1,0s0lsl, and net increase IN liab-
ties OF 81, 7o0,23s Deducting twenty-five per cent
OF the latter from the former leaves S3s2,622 to 10
contributed to the surplus over the legal reserve,
which surplus now stands at s16,402,653.
CLOSING PRICES or STOCKS.
The following the closing street prices Satur
day evening for the leading siocks:-Western Union
56h sos; Pacific Mail, 43 a 49,; New York Gen.
trail, 97ss e74; New York Central scrip, o2% a
92si; Erie, 29t4 29}s; Reading, 1le a 1l6l4 Lake
Shore, 1867 a 1l5t1; Pttsburg, 1lS a lis; North
western SAL IS; Northwestern preferred o7A a
97,s; Rock Island, 1853 123L; st. Paul, Oh q
6la; st. Paul preferred, 81 s1t4; Wabash, 607S
81; ONO and Mississippi. 46R 48li: Union Pacific,
327s SO; Boston, Hartford and Erie, 2A q 8; CO.
lumbus Cincinnati and Indiana Central, 22Ii 22a{.
THE CREDIT OF ALBANY CITY.
At recent auction sale to highest bidders OF
Albany City Park bonds new) In the rooms OF the
Board OF Trade in that city, one hundred $1,000
bonds, bearing interest at the rate OF seven per
cent, payable semi-annualy and having forty years
tosrun, went as folows-s10, 900, Dudley olcott at
10i's $4,000 Dudley olcott, at lo4s $50 900, Dud-
lev olcott at 1o4a4 $4,000, Dudley olcott at los;
$4,000, J. II. Trowbridge, at los.
COMMERCIAL pFpOpT