The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-02-05
FINANCIAL and COMMERCIAL
Stocks To-Day a Trihe
FirIner.
MON ley ALBUM Mt.
Gold Steady-.-A Reduction in the
Legal Tender Issue.
GOVERNMENT BONDS FIRM.
WALL STREET.

GOVERNMENT BONDS FIRM.
WALL STREET !
WEDNESDAY, Jan. 4-6 y. M.
The stock market to-day was generally strong,
the advance ranging from u to per cent Rock
Island, Delaware, Lackawanna and western and
Pittsburgh were among the leading features, and
are measured by the following quotations Rock
Island advanced from 1854 to 1O7; Pittsburgh rose
from SIX to s9'S, and Delaware and Lackawanna
moved from 1917 to 1Os. New York Central ad-
vanced to 1O4i4 Lake Shore ranged from SIX TO
s2k u; Quicksilver moved from 80 to "a; the
preferred stock sold at 81 q $50; Atlantic and
Pacific Telegraph at 10 a 4 a 1917 a 10: Union
Pacific at 35k a 34a4 347s; western Union at 70 a
u a 763I; Panama at lis 1l611; Erie at 4sH q
49k Pacific Mail advanced from 42k to 43; New
Jersey Central was firm at 1O4 a 4 a X; st Paul
moved from 46k to AK, closing at Al. Pacific
Railroad of Missouri opened at 43 and closed at
424 Northwest Common was steady at 59h So;
G., G. and l. u. continues firm at 81 y a u.
THE FOREIGN MARKET.
The Bank OF England gained on balance to-day
.Sl6OO0 in bullion London advices report the
marKet a shade easier Tor English consos, and
steadiness for United states bonds. The following
the latest quotations :-Consos for money,
81 92x; consols Tor account, 92h 92H; five
twenty bonds OF 1855 (old), 10sk; do. do OF 1857,
1Osx 10S%; ten-forty bonds, 1O5H 1853; new
nves, 1921 1O2A; Erie, 442l; New York Central,
95 95N. The following the quotations from
Amsterdam :-Centra Pacific first mortgage bonds,
s3z; Union Pacific first mortgage bonds, 73A
Union Pacific stock, 303; Northwestern preferred,
62H ST. Paul preferred, 62 Erie 421s.
GOLD.
The market is somewhat inactive, although
there are certain symptoms Of absorption when
ever low price prevails. 1t was frmer to-day.
The price was firm at Ill u 111S most of the day.
and at the extreme close was l11H
OPERATIONS THE GOLD EXCHANGE BANK TODAY.
Gold balances. $1,172 761
Currency balances. l, $500
Gross clearances. ..................... 90 900
CLEARING HOUSE STATEMENT.
currency exchanges. 500, 64 440
currency balances. 3,7233l5
Goi6 exchanses. ........................ 6,o449II
G0lo Dalances.. .........-...... l,04Z666
The carrying rates were 8, 4 and s, a. and 2
per cent.
THE UNarED STATES TREASURY.
The internal revenue receipts to-day were
$257, s1S. The receipts from customs $341 ZOO.
The balances in the Treasury at the close OF bust
ness to-day were as foows:-Currency 81, 507, 200;
special deposit Of legal tenders for the re-
demptiOn OF certificates Of deposit, SAG, 265, 900;
coin, $S4,43s,ess INCLUDING coin certificates,
$45,Ol7,6 0O); outstanding legal tenders,
1891, s3,627. The decline In legal tenders
to-day was upwards OF $1,000 fact which some
what interfered with the plans OF those who
believed that the Secretary was outstanding green
backs for the purpose OF making q favorable
monthly report. The Assistant Treasurer paid out
to-day $685. account OF interest, and $780,
in redemption OF lve-twenty bonds.
THE MONEY MARKET.
Money closed at four and five per cent on call,
banks ana brokers alike onering sums for temper
airy investment at these rates. The supply is
ohu IN offa
made at three per cent Prime mercantile paper
is still scarce and quoted at six and eight per cent.
Foreign exchange closed firm, with sales at 4.s4H
for prime banEers' sixty days sterling, and 4.s7h
Tor demand.
SOUTHERN SECURITIES.
In this department we note to-day little business.
but the following bids:-Tennessee sixes old, 81;
do. do. ex coupon, 63; do. do, new, 81; do. do,
ex coupon, s3hs; do. do. new seres 6Sh; Virginia
skies, DID, 80; do. do, consolidated, 52s; do. do,
deferred, u1!; Georgia SKIES, Co., do. sevens, new,
IS; North Carolina skies, old, January and July,
%; do. do, April and October, %; do. do, North
Carolina Railroad, January and July, 35; do,
do, April and october, "a; do do, sevens, OF,
January and July, 25 do. do, sevens, on,
April and October, "a; DO. Funding act, 1866, 20;
do. special tax, first class, 11H do. do, second
Glass; 11h; DO do, third class, TX South Caro-
lima sixes IS; do. do. January and July, o; do.
do, April and october, 10; do. Funding act 1866.
Is; Arkansas skies. funded, 80; do. sevens, Little
Rock and Fort Smith Railroad, 90; do. do., Mis-
sissippi, Ohio and Red River Railroad, Isl DO do,
Arkansas Central Railroad, II; Texas tens. 1876, "a.
GOVERNMENT BONDS.
In governments prices have been steady, but
the transactions limited limited States SKIES,
1881, registered, l177z 49, do. do. do. coupon,
11sX 1881; do. nve-twenties, registered, ll5k;
do. do, 1862, coupon, 1151a 115%; do. do, 1854,
registered, 1161; do. do, do, coupon 116s< III;
do. do, 1866. registered, 1l6h do do, d. coupon.
lis 49,; do. do, do, new. registered, ll65S
I16x; do. DO, do coupon, new, l6z III; do. do,
1861, registered, l171s; do. do, do, coupon, lls
l1sH; do. do, 1858, registered, 1l7H; do do,
do. coupon, ll74 1lsH; do ten-fortes registered,
11oH; do. do, coupon, 11479 114,s do. 6ves 1881,
coupon, ll1X liz; six per cent bonds Pacific
Railroad, 115K.
BANK SHARES
to-day were steady. We record sales OF Fourth
National at 1861, Central National at par CONT
mental, 77H; New YORK, 1923; Manhattan, $50;
Merchants, 116; Mechanics, 1885; Union, 1921;
City, 26O; Fulton, $50; Merchants Exchange, IS;
Leather Manufacturers, ia; Commerce. ia Mer-
camille, lo7; American Exchange, 1os; Bank OF the
Republic 9S; Bank OF North America. IS Irving,
l24; Metropolitan, 1877; Citizens, 1885, Market Il6;
Corn Exchange, IFS; 81. Nicholas, lO1 Marine
$50; Importers and Traders 1872; First National,
40: Ninth National, 100; Bankers and Brokers'
Association, So; German American, 90; Ger
mania, H.
RAILROAD BONDS.
Northwest consolidated gold sevens sold at 81;
Delaware, Lackawanna and Western at 1921 q
lO2x; New YORK Central SKIES OF 1883 sold at 9lA;
Michigan Central sevens at 90; Rock Island sevens
at 1887, and New Jersey convertible at 992i; Bos-
ton, Hartford and Erie sold at 31H 3lk. The
ate bids were az fOllOws:-
New York en- 6's, 49,. 9lsz Del Lack W LIST .Io
York Cen 6's 81. gO1a Del Lack Il w "a m. .lOlI
New York en- 6's, r. e. % Del LAW rs CON-. .lOLl4
New orb en- 6's sub W Tol w at LIST M g4ha
Erie m l02 Tol A Wab lst INST ID. S6M
Lr III ia To a equip rs