The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-02-03
a Dull and Unsuggestive Day in
the Stock Market.
GLOOM AMONG THE BROKERS.
40 Change in The Monetary Situation
Offerings Abundant and Cheap.
RAILROAD BONDS FIRM.
Gold and Government Sc
curities Strong.
WALL STREET,

WALL STREET,
MONDAY, Feb. 2-6 l.. Nj.
The market was so dull to-day that 1t commune
Gated Its depressing influences to the entire street,
Tho trading was OF purely local character, con-
dned to brokers and mainly limited to the quick
changes Of an y u or u per cent The notable
advance was in G. c., G. and l. which moved from
70 to 83x. and in Delaware, Lackawanna and
Western, which improved per cent, or from
Jos to 1O7. Increased dealings were also evident
in North Western common, which advanced
from 5SSS to 59H. Otherwise the market was
alternately firm and nuctuating. The low
priced shares showed considerable activity, and,
in some cases, an advance. Erie declined
from 50K to 40. Western Union receded
from tex to 75H. Atlantic and Pacific
Telegraph moved from 1917 to 1917, but closed at
18X. Union Pacific ranged from 3476 to 35H The
ordinary speculative stocks such as Lake Shore,
New York Central and Rock Island were compare
lively quiet. wabash declined from 53N to 52ss,
ST. Louis and Iron Mountain went from 69H to II.
c., @. and G. was steady and strong at BIZ 311a.
Ohio and Mississippi varied but q tribe from San
B4K. Harlem was steady ut l24A. ST. Paul the
same at 46sx a 461s 4ek. 1t Is now fairly under
stood that the Milwaukee and st, Paul Railroad
Company have declared per cent dividend; but
1t Is payable in consolidated bonds. The books
will probably close about the 10th OF February, and
Whether the bonds thus consolidated represent
gold or currency we are not informed. 1t is a
question that may depend the vote of the stock.
holders.
In the money market prime mercantile paper is
In small supply and the rate On the is quoted
ut and per cent. Money was abundant at 4 and
per cent and more Is in search Of call loans than
can be invested. Foreign exchange was dull to
Inc cyOo ot dov Aotuo hvcipo
hands was at 4S31s for prime bankers 60 days
sterling. 4S6A 4S7 for demand.
GOLD
showed unusual armness to-day by maintaining
itself at 11lH Ills. throughout the market. 1t
closed at 11lA. The carrying rates were 4, ~,
ana 8 per cent and for borrowing, nat. The days
business at the Gold Exchange Bank was as fol.
lows
Gold cleared. $24, 800 900
Gold balances. ,36S254
Currency balances Observation-Disclosures. 1,525993
The following is the Clearing House statement
currency exchanges. .$S6, 1886 1873
currency Dalances.... 4,739699
notO odiduces..-... ............... Z,ooooo3
THE UNITED STATES TREASURY.
The announcement comes from Washington that
the debt statement for the month shows a decrease
Di the debt for the last month OF $1,s45.211.
The balances in the United States Treasury to.
day are:-
special deposit OF legal tenders for the
redemption OF certificates OF Deposit. 100000 900
Including coin certificates. ........... 5000, 900
outstanding legal tenders. 1881, 715,437
The increase in legal tenders since yesterday
was $3S, 49, The Customs receipts to-day were
s550,0O0. The internal revenue receipts were
$4,000. OF the loan Of 1858, $4,000, 900 remain
outstanding at this date. The Assistant Treasurer
paid out to-day $s6,o0o on account OF interest and
SCI, 900 In redemption OF fve-twenty bonds.
THE FOREIGN MARKET
London advices by cable show O withdrawal OF
bullion to-day from the Bank OF England to the
amount OF f350,O0O. Money outside of the bank Is
reported easy at per cent the regular rate being
sh per cent. Paris dispatches quote rentes at
5s.27h. The latest London quotations are as fol-
Iows:-ConsOls weak. For money, 92 e2ls; for
account 92K s23s. American securities firm at
t0SX for bonds OF 1867. Erie Is lower at 45L.
Prices In Amsterdam follows Central Pa
cinc first mortgage bonds, 83h; Union Pacific first
mortgage bonds, 7SX; Union Pacific stock, 500
northwestern preferred, 62x; st. Paul preferred,
e. Erie, 43H.
GOVERNMENT BONDS
we're not In large demand to-day, and the market
may be quoted simply as dull and firm. The close
was steady:-United States sixes 1881, registered,
117X q NIX; do do, coupon, 11si llS1s; do.
nvetwenties, registered, 114I do. do, 1852,
coupon, 115 1854; do do, 1864, registered, 1I6}s
1l6X; do. do, do, coupon 1861 1863; do. do,
1866. registered, 1l6h 1l61; do do, do, coupon,
1lTX 117X; do do, do, new, registered, 1164
do. do, do, coupon, new, ll6% 1857; do. do,
1867 registered, 117i4 l171s; do. do, do coupon
117X 1177<; do. do, 1865 registered, III; do. do
do. coupon, 117al l1s; do. ten.fortes registered
110K HOY; do. do coupon, 1875; do. ves, 1881,
coupon, 111X 111z; SIX per cent bonds Pacific
Railroad, 1855 1l53s.
RAILROAD BONDS
were firm, Central Pacincs brought 954; Union
Pacific 1rsts, $50 s5ss land grants 49, and in
comes. S37S a say. Chicago and Northwestern frsts
sold at 9S and New Jersey Central hrsts new at
103x 1887, both ex interest. Canada Southern
nrsts were steady at e9zs 70. The latest bids are
annexed
New York Cen SIS, 49,. 9lh Chic W exten bds xs6L
New 1Ork Gen !. e. 90 NC q y w Isl