The New York herald., 1873-12-30
Stocks Generally Steady and Gold
Trifle Lower.
MONEY In GOOD DEMAND
The Disbursements Of the Government
and Their Effect.
CAUTION AMONG spECULATORS.
WALL STREET,
MONDAY. Dec. OF Z. M.

the undertone OF the stock market and DISPOSE
ton to make the most or the fact that government
has begun the payment OF its January interest.
Stocks opened weak, but subsequently recovered; |;
not so much, however as to indicate to in vestors
complete safety in counting much higher
market in the near future. The strikes on the
railroads; the confessions OF the Presidents and
Superintendents concerning their earnings, and
the reports from dry goods firms who do not yet
see their way clearly, than onset the efforts
at speculation and restrained the market by with
holding business. And men are likely to remain
cautious until AFFAIRS are more settled. Possibly
the thought is gaining ground that we are not en-
tirely "out OF the WOODS"
THE LARGEST TRANSACTIONS
OF the day were in New York Central, Lake shore,
Western Union, Rock Island, Northwest Wabash,
Pacific Mail and Union Pacific. At the close prices
were trine on. Pacific Mail opened at 3Sk, re-
Ceded to 37A, advanced to 3sh, fell of again to
S7x, reacted, and closed at 3sk. Ohio and Missis-
sippi sold at 80 2sH aoa 30 soh. Western
Union sold at 72A 721s q 723s 72A, and closed
at 72A. Rock Island moved from 90 to 1908, but
subsequently declined TO 99I. New York Central
advanced from 97A TO 9sh 9sas, and closed at
0Sk. Atlantic and Pacific preferred sold at 1874.
Lake Shore advanced from 20 to 1874 but closed at
16h. c. G. and l. c. SOLD at 27 27sS 271a 271s.
Onion Pacific at 3OH a 297S 3Oh 3Ol4 a 301S.
Northwest Common at 553s a 55h So o
66h 66h; the preferred stock called
for 70. Wabash opened at 49A, went Off 451s, re-
covered to 4s1l, but closed 4ss4. st. Paul sold
at 41k Az AK AIS. Boston, Hartford and
Erie moved from to "a. Alton and Terre Haute
Common sold at 1914 a Is l51s 14is. New York
and New Haven l22 Delaware Lackawanna
Hannibal and st. Joseph continues firm at about
27h.
THE MONEY MARKET.
Money was In active demand to-day and loaned
up to 1-32 per cent per diem but average rates at
Q per cent currency and gold. The close was at
per cent currency. Prime mercantile paper is
Still quoted at from to 10 per cent, and the lower
classes at from 10 to II per cent. There is an
abundance OF money in bank Tor the accommoda-
tton OF the mercantile community, but
disposition to measure names with caution.
The loan certificates have been reduced to
$l,S20, 900. The Onion Trust Company Is reported
TO be once more fairly its feet, with steadily in
creaslng deposits and It's affairs in satisfactory
condition. Its entire capital is said to be invested
In government securities. Foreign exchange
closed up quiet and steady at 1881 for prime
bankers 60 days sterling and 109as a 1O94 for
demand The advance to-day checked business.
The legal tender circulation is reported by Wash
ington dispatches to be increased by the sum of
$501,000. The sum total is now s377, ,692, 600.
UNITED STATES TREASURY.
The internal revenue receipts to-day were
$423. 745; the receipts from customs amounted to
$2S2,000. The following were the balances at the
Treasury at the close OF business to-day Cur
1ency, 81, 7145s9 special deposit of legal tenders
for the redemption OF certificates or deposit
$35, 060 900; coin, $50 S4.5l4; including coin cert
Gates, $33,466, 900; outstanding legal tenders,
$377, ,692, 900. The Assistant Treasurer paid out
to-day S3.444,O0O, gold on account OF January in
terest, $33o,OoO in currency interest and $4,000 in
redemption Of $40 bonds.
THE GOLD MARKET.
Gold opened at 11oh, but IN consequence OF the
large payments by the Assistant Treasurer, on ac
count OF January interest, gradually declined to
l10 which was the closing price. The rates paid
for carrying to-day were g. !, 132, l-16 1854 and
per cent, gold. The days business at the Gold Ex
cange Bank was:-God cleared, $463l6Ooo; gold
balances, 81 1856; currency balances, 81 4ol Os0
The following was the Clearing House statement
Currency exchanges, $63, 776447; currency bal
ances So, ,0S9 500: gold exchanges, $s SOS; gold
balances, $s97 ,sss.
GOVERNMENT BONDS.
were strong during the afternoon and in good de-
mand. We quote limited States SKIES, 1881, reg
istered 1864 1l6ss; do. DO, do, coupon, 100 q
1904; do. do, 1852, registered. 113; do. fve-
twenties, 1862, coupon 113A; do. do, 1864, reg
istered, 113k; do. do, do, coupon, lis a 1151a
do. do, 1866, registered ia a 1l5 do do do,
coupon, 115h; do. do, do, new, registered, 114la;
do. do, do. coupon, new, 11s4 119; do. do 1867,
registered 115k a 1101s do. do, do coupon, lI9li
q 110h; do. do. do, 1865, coupon, us; do ten
1orties registered 1lO7s III do do, coupon 112,
q 112A; do. fves, 1881, coupon, 1lozs a ll1la six
per cent Pacific Railroad bonds, 1l35S.
SOUTHERN SECURITIES
were dull and featureess. The latest bids were as
foll0ws:-Mssouri SKIES, 93; do. do, Hannibal and
st. Joseph issue, 90; Tennessee skies, new, 81;
Virginia skies, consolidated, 80; do. do, deferred
pK; Georgia sevens, new, SC; North Carolina Fund
ing act 1865, III; do. DO, 1885, ia; Arkansas
skies, Funding, 20.
THE FOREIGN MARKET
According to late cable advices the London
market is stronger than on Saturday, especially in
the case of United States bonds. The Bank OF
England gained 500, 900 bullion to-day and Its mini.
mum rate Is AZ per cent, or 4 per cent higher
than the other discount banks. The latest London
quotations report securities steady at the following
quotations :-Consols for money, 81; consols for
account, 90 a 921 fve-twenty bonds OF 1865, old
p4x 94X; do. do 1867, 94a4 ten-forty bonds, 92is
92,< new fves 91k 9lI; Erie, 36h 36& New
York Central shares, 1914 79ss. The following are
the quotations current at Amsterdam Central
Pacific nrsts, SIX; Union Pacific 1rsts, 73 Union
Pacific stock, 26% Northwestern preferred, 6ll<;
st. Paul preferred, 56h. Paris dispatches quote
rentes at 5Sf 35c.
RAILROAD BONDS
especially OF the older issues, are gaining in firm
ness, will be seen from the following quotation
OF sales New York Central skies Of 1887 at ss; /;
do. sevens OF 1885, convertible, at 1O2: Chicago,
Burlington and quincy eights at no; Central Pa
cinc gold bonds at 96; Union Pacific flrsts at $50
. SO; do. land grants, 76ss a 7o do. tens, income
at "a 75 a TAX; Chicago and Northwestern con-
solidation coupon gold bonds at 81 s2a a SIS. !;
DO. consols SO; Pittsburg, Fort Wayne and
Chicago eights equipment bonds, at lol; Iowa
Midland first mortgage at So Chicago, Rock
Island and Pacific sevens at 1O5; New Jersey Cen
tral new FIRST at 1906; Milwaukee and ST. Paul
eights, first, at 1o7; Toledo and wabash second at
81; G., G. and l. g. first at "a; ohio and Mississippi