The New York herald., 1874-09-12
An Active Stock Market, with a
Firm Disposition.
q OLD 100 3-4.
Money Easy-FOreign Exchange
Steady.
INVESTMENT SECURITIES QUIET.
WALL STREET,
FRIDAY. Sent. ll-6 p. M.

WALL STREET, /
FRIDAY, Sept. 1T p. M.
The general situation az the opening to-day in
dicated quiet market. Later prices advanced
u to Il per cent throughout the entire list, the
principal activity having been in Union Pacific.
Western Union, Rock Island, New York Central,
Lake Shore, Pacific Mail and Wabash. The market
continued firm up to the close OF the CALL when
there was bear raid which produced a slight
reaction Later tho influence OF the crop
movement had Its effect. and this Is sharply told
in the following statement
WHEAT OPERATIONS.
At the present time there Is a sharp contest 60
ing on between the wheat SPECTATORS OF Chicago
and the grangers Of the Northwestern States.
The Chicago SPECTATORS have sold wheat short
TOR September to the extent Of fully six weeks
large receipts In retaliation the graugers are
using their whole influence to prevent the move.
ment OF wheat to the lake ports, so as to prevent
the Chicago spectators from covering their short
contracts except at sharp advance in prices.
Some OF these spectators sold wheat for Septem-
Der delivery as low as 80 cents, and 1t has since
advanced to 95 cents. This contest may cause
q temporary falling of In the receipts OF o
few western roads, but it is likely to re-
suit IN Q rise in wheat and future benefit to the
railroads. 1t is only short time from now to the
close Of navigation, and this holding back Of wheat
will cause great rush of traffic to the roads and
throw upon them the business OF moving the bulk
Of the crops. The benefit OF this to the railroads
can hardly be estimated, and, what may appear
strange, the grangers are really helping the rail.
roads, which they have been nghting for some
time past Private advices from Europe report
the CROPS there smaller than heretofore estimated,
and also that We are likely to have large export
demand for our surplus cereals. The decline in
exchange to-day was based on the prospects of q
large supply OF commercial bills In the future.
GOLD
vibrated between 109H 109I, opening at the
higher figure and going of later. From to TX
per cent was paid to have gold carried. Borrow
ing nat. The customs receipts were $499, 900. The
Assistant Treasurer paid out to.day $4,000 on in.
terest account and $s3,o00 in redemption OF fve-
twenty bonds.
4llsI fsa FOREIGN EXCHANGE.
The market for foreign exchange shows natural
weakness consequent on anticipated extensive
cotton and grain shipments. Prime sterling
nominaly 4.A 4.S6h; selling rates 4.s3
q LsSH and 4S5H 4.s6. Commercial bills,
2SlK 1872 Continental quiet and dull.
Reichmarks. 94A 955s Cables, 961l. Prime Paris
weak at 6.17k SIS The steamship MORO Cas-
tie, which arrived from Havana yesterday. brought
SSoo,000 In gold coin making the total receipts OF
gold coin for the week at this port from Havana
$325, 900.
THE FOREIGN MARKETS.
show no further encouragement. Breadstuns are
nrmer abroad, as are also American securities,
without any disposition to seek an advance.
MONEY AT HOME
was unchanged at to 2H per cent on call and 10
per cent Tor prime discounts.
MONEY ABROAD.
Twelve thousand pounds OF bullion has gone into
the Bank OF England on balance to-day.
Rentes at Paris are easier at 64i. 57Hc.
C0nsols, money, 92H a OK; consols, account,
e2X S2X; fve-twenty bon is, 1865, old, l0sH
iosX; nve-twenty bonds 1887, 109H; ten-forty
bonds. 1o4K; new nves, 1o4'<. Erie, Sl1.
THE MONEY LEGACY.
Internal revenue receipts to-day $40 900;
national bank notes received for redemption to.
day, $500, ,00O custom receipts Tor the week ending
September s, 81, 100000
GOVERNMENTS
have been quiet and generally dun, but prices have
fairly maintained themselves Closing prices
were as follows:-Unted States currency sixes
LII 117k; do skies 1881, registered 117X 117ss;
do. do. do, coupons, l1SH 11SH do. fve-twenties
1862 registered, 112 112H; 20. do. do, coupons,
l12 112X; do. do, 1884, registered, 114H 114X;
DO. do do, coupons, 115H 115X; do. do, 1865,
registered, 1142< 115H; do. do. do, coupons
116X 116a; do. do, 1855, new, registered, 1151
1l5H; do. do. DO, coupons, ll6 1161<; do. do,
1887, registered, 1l6 1l67S; do. do do, coupons
III 117K; do. do 1868. registered, 116 III; do.
do. do, coupons, 117K MY; do. ten-forties,
registered, 110h III; do do, coupons, 1l1H a
l1lX; do. nves 1881, registered. liz 112H;
do. do. do, coupons liz 112H.
RAILWAY MORTGAGES
were strong for the Pacific issues, Centrals having
advanced to soX snd Union Sinking Funds TO "A,
on an active demand. Western Pacilcs brought
B3 and Union Pacific frsts IS. G., G. and l. G.
drsts sold at SO TO- seller 60, and at 10 II regu-
lar, $4,000 having changed hands. In the after
noon market railroad bonds were firm. Central
Pacincs sold at 9Oh 9oM, and Union Pacific
Sinking Funds at 1874. Chicago and Northwestern
consolidated gold bonds Drought Tx Tx.
There has been an increased demand OF late for
the various Lake Shore bonds, and prices have
gradually advanced IN consequence Of the large
reduction In the floating debt and the generally
improved condition Of the companys finances.
Central Pacific bonds closed at 9OH 90X, and
Onion Pscincs IS q S5h for frsts, SO 86A for
land grants, and 13h 734 for sinking funds.
STATE BONDS
were dull. California sevens brought III; Ohio
sixes OF 1881, 1O3 and Virginia consolidated SO.
The latest bids were:-
n G,s f. ;saf7