The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-01-16

According to LONDON advces to-day tho market
there has been buoysnt, and prices have generally
advanced, American securities being especially
strong. The rite OF discount OF the Bank OF Eng
land has been reduced to OK per cent-a fact which
further illustrates the thought expressed In this
column yesterday, that the great ease and abun-
dance Of money In England would sooner or later
Do felt in our own market In the shape Of an nnux
Of capital seeking investment in our various secu-
rites, and measufably nlling the void occasioned
by the losses of the panic. The amount OF bullion
gone into the Bank OF England on balance TO-
day Ia f15,OOO. We quote the following closing
prices:-Consois for money, ok; do. for account
s2X 92K; nve-twenty bonds OF 1886, old, 1854 q
1oSx do 1851, 1os los1<; ten-forty bonds. 1861
1857: new nves, l02K, ex coupon; Erie Railway
shares, 46k q 40; New York Central shares, 9sK
a s6x.
The decrease In the bullion of the Bank of Eng.
land during the week was fsooo0. The proportion
OF the bank reserve to liabilities which was last
week 43K is now lSK per cent. The rate Of money
on the Stock Exchange on government securities
IL az per cent. Rentes at Paris are strong,
6sf coo. The following are the ruling rates IN
Amsterdam :-Centrai Pacific nrst mortgage bonds.
s3K; Union Pacific first mortgage bonds, IA; Union
Pacific stock. soX; st. Paul preferred, OK; North
west preferred, 63K; Erie shares. AZ. London,
January $3.50 o'clock.-New York Central Rail-
way shares. esq.
BANK SHARES
were only moderately active. Commerce sold at
112X. American Exchange at 109 Republic at 101,
Metropolitan at 124, Fourth National at 102 ana
Mechanics at 1856. The latest bids were New
York, INK; Manhattan, 145; Merchants, 116; Me-
chantcs', 100; Union, 10; City, $50; Phoenix, %;
Fulton, $50; Gsllarin National, 1876; Merchants
Exchange, Is; State Of New York. loo; Commerce,
1l2k; American Exchange, 100; Chatham. 1870;
Bank Of the Republic. 1O0H; Bank OF North
America, 50; Irving, 40; Metropolitan, 1874; Shoe
and Leather, 1876; Corn Exchange, 115X; Impor-
ters and Traders, 1907 Park 1870; Central National.
o.; Fourth National 1O2K; Gold Exchange 100;
Bankers ana Brokers' Association, 80; German
American. esq.,
SOUTHERN SECURITIES
were without material change. New South Caro-
linas, January and July, sold at 10. We quote the
latest bids as foll0ws:- Mlssouri skies, 92H; do.
DO, Hannibal and st. Joseph issue, COX; do. do,
Asylum or University, S8a; Tennessee skies. old,
80; DO do. old, ex coupon, O.; do. do. new, so;
do. do, new, ex coupon, 62; do. do. new series,
50; Virginia skies, old, 4o1; do. do new, As; do.
do, consolidated, 50A; Georgia skies, 65; North
Carolina skies, old, January and July, 27K do. do.
April and october, 27 do, DO, North Carolina Rail-
road. January and July, IS; do. do, do, April ana
do. do. do, or April and October rs; North caro-
lima Funding act, 1886, 10; North Carolina special
tax, class /. 0; do. do. d. class 2 o: do DO, do
class o; South Carolina skies, rs; do. do, April
and October, 15 South Carolina Funding act, 1885,
IA; Arkansas sevens, Little Rock and Fort Smith
issue. %; do. do, Memphis and Little Rock, q;
do. do, Arkansas Central Railroad. 1e.
RAILROAD BONDS
The business IN this department was unusually
large and well Distributed, and the market shows
the influence OF sharp demand for good invest
ment securities. German bankers are said to be
good buyers OF these securities, and the faith
seems to grow that these and government bonds
represent very large ;. PORTION Of that which is
substantial on the street. We note the following
sales Erie, first mortgage, 1929; do, third do,
COZ; Albany and Susquehanna, first mortgage,
100; do, second mortgage, 9e%; Lake Shore, con-
solidated coupon, 96H; do. do, regular bonds, 81;
Michigan Central sevens 93& Alton and Terre
Haute, income, 70; Iowa Midland, first mortgage,
90; Delaware, Lackawanna and Western, converti-
ble loo; Union Pacific Railroad first mortgage, IS a
s6X s5k a s5H s5A; Chicago and Northwestern,
consolidated coupon gold bonds, 83H; Toledo,
Peoria and Wabash, first, Western division, Il ;
Quincy and Toledo, first mortgage, So; Chicago,
Rock Island and Pacific sevens, 1887; Central
Pacific gold bonds, 96H Milwaukee and st. Paulirst
mortgage La Crosse division, cox a 81; Canada
Southern, drst mortgage, 65; Chesapeake and Ohio
first mortgage 60; western Pacific bonds 81; To-
ledo and Wabash, hrst mortgage, ST. Louis division,
SSs1 $50.
The following are the bids as amended at the
call: =
New York Cen IS, 49,. 81 Del Lack 4 w 2d m . 10lL