The New York herald., 1872-12-29

In the GOLD loan market the rates ranged from
1.16 Ito Monday Tor carrying to nat for borrowing
The operations OF the Gold Exchange Bank were
as fOll0ws:-
Gold cleared $49 al, 900
GOlu balances. l,Sl3,oo4
Currency balances s..................... l,517,4l9
The total specie shipment for the week was
81 $50, 324, making total since January l. 1872, Of
$7l,553, ,3A against . total last year OF nearly
$61, 100000.
NEW ISSUE or ST. PAUL
The weakness Of st. Paul the past few days is
explained BY the following notices. given to the
Stock Exchange to-day
The Milwaukee and st. Paul Railway Company
have purchased the new line Of railway between
all the principal lines OF the country In part pay
ment for which they are to pay $20 600 IN their
tice that the first said company viii issue 70, 900
shares Of their common stock thirty days from this
cate.
Subsequently It was announced to the board that
$2,5OO.00o Of bonds, convertible into preferred
stock would be issued under the rules Of the stock
Exchange. The bonds t.1us cfeated carry with
them scrip, Tltss2R5 Which they are ~'-~ e-'..
~ss-s'> NOT GOOD DELIVERY,
and which must be surrendered on the conversion
Of the bonds. The notice in this last case was as
f6llows:-
st. Paul Railway Company will after thirty days be
increased 25 600 shares or 81 0Oo to accompany
part payment OF the new line OF railway between
Milwaukee and Chicago, and the purchase Of depot
grounds and depot buildings in the city OF Chicago;
for the general uses OF the company.
TfvIDENDs, COUPONS, &C.
The following additional announcements appear
in our advertising columns
The Manhattan Savings Institution, OF Broad.
way, corner Of Bleecker street. will pay dividend
to depositors at the rae Of per cent per
annum on and after the third Monday in January.
The Mechanics and Traders Savings Institution,
'oi No 2Ss Bowery, will pay dividend at the rate
oI6 per cent per annum on and after January 20.
The directors Of the Bulls Head Bank have de-
clared the stockholders the usual quarterly dvi-
dend Of per cent, net, payable January 2.
The directors OF the Eleventh Ward Bank have
declared semi-annual dividend OF 3H per cent,
net, payable to the stockholders January2.
sToCKs DULL AND STRONG.
The stock market was duh, business being re-
stricted by the persistent stringency in money.
The speculative class were free buyers however,
on time options or ION tick" as IT was styled an
additional consideration OF i q 1h per cent being
paid In contracts where the buyer was allowed ten
to sixty days to pay for the stock. Erie advanced
to 622S, still keeping fully half per cent below the
London market. Rock Island rallied to 111H, but
fel on to l1lh. Pacific Mail advanced two per
cent and Western Union nearly one per cent. The
st. Paul stocks were steady, as the line acquired
by the new issue OF common stock and convertible
bonds will be valuable extension OF the road.
Northwestern preferred underwent further i'm
provement to &c.
The Southern State bonds were heavy and lower
for the Tenncssees and new South Carolinas and
strong and higher for the Missouris.
HIGHEST AND LOWEST PRICES
The following table shows the highest and lowest