The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-01-09
a Strong Undertone in
Stocks.
HIGHER PRICES PROBABLE.
Honey Easy-Goid Firm-Railrond and
Government Bonds Steady South
ern Securities Dull.
WALL STREET,

by even the constitutional s.bears,u for they ex-
hibit tremulousness in their holdings that yields
at once to the possibility or the evidences OF an
advance. The result Is constantly changing phases
In quoted values a steady upward movement and
q street temper which OF itself is provocative Of
improvement. On the one hand certain manipula-
Eions OF tie higher priced stocks apparent; on
the other there are UNREASONABLE signs OF conf
dence IN the situation by outside buyers who
throughout the day have freely poured their orders
into the street. Towards the close OF the market
Chere was an evident inclination, based on re-
ports OF bread riots, &C.. to depress prces but the
enOrt was frmiy and successfully resisted, az VIII
be seen by the general range OF closing prices.
The chief antagonlsm put forth by those who be-
Heve In tie situation is based on the coming bank
statement, which, it is assumed. will be very
strong on the attitude OF Congress with reference
90 the wants OF the country, and on the fact that
upwards OF $22 600, 900 have already been put out
by the Secretary OF the Treasury from the
- 900 OoO which for banking purposes are equiva.
lent to some 800 100000. 1t is scarcely necessary
TO observe that the general temper Of the street Is
In favor OF and warrants the prediction of higher
prices. Still, the upward movement may be at
tended by more or less OF reaction, which may be
prudently watched by all who are unacquainted
nth the peculiar tactics OF the street.
THE STOCK MARKET.
The strength and character Of the business In
Stocks Will be best noted by reference to the fol-
lowing quotations western Union opened at
rex, sold up TO 77H and closed 77ss. New York
Central was steady between 1904 1003I a 1907.
Harlem was firm at 1l91s OF Erie there Is little to
be said; its range was 47H to Al. Lake Shore sold
1t s2z SIX. Pacific Mail opened at AA, moved
10 AZ and sold at the close at 43s. Union Pacific
advanced from 31S to 32N and closed at 31X. e.,
q. and /. c. went to S0H-one OF the few cheap
hat
advance. Panama sold at Ill n a 112 o 115l4 IFS;
Northwest common at 81 x a 62, G1 q COX; Rock
Island at los 1O4; Wabash at 541l q SAY SO
63H Boston, Hartford and Erie at 33< Alton and
Terre Haute common at II 10; preferred at 80
Hannibal and st. Joseph common at 500 q 2sX
RsX.
Closed easy on call loans at and per cent, the
supply being somewhat in excess OF the demand
Foreign exchange closed firm at 4.s2 for prime
bankers 60 day sterling, and quiet at 4S5k a 4se
for demand. The outstanding loan certificates
have been reduced to $4,000.
GOLD
was firm, and moved very much as II suspicion
were at work that both government and importers
would soon require Its use. Imitation undoubtedly
has not little to do with it's strength. While
Hreenbacks continue to go out, it will only be nat
0ral If gold follows and commands for itself cor
responding value. daru values Will always be
found close upon the heels OF those which
are artificial. The price Of gold to-day
ranged from 1l1h to 111X, but closed at 111ss.
Rrompresent indications 1t is likely to move or
per cent higher during the month, the bull feeling
being very strong.
OPERATIONS OF THE GOLD EXCHANGE BANK TO-DAY.
Gold balances, $32, $50, 900
1ose s. S5 nS ss0
NEOSS Clearauces. ,9OS,660
Currency exchanges. Sos s16 Oo6
currency balances. $780,, 22S
SOa EXCHANGES. II S4O OS4
ooiu oaahces.. ....................... 1,9l9322
The rates paid for carrying were 7, gold, and
end per cent.
THE UNITED STATES TREASURY
The balances to-day were:-Currency, $2S21, 0o1;
special deposits OF legal tenders FOR the redemption
Of certificates OF deposit, s3s, 73O, 600; coin,
t$s4,62S.s0l dncluding coin certificates, SAL
ao7,s0o); outstanding legal tenders, $780,.
BIT, 002. Customs receipts to-day amounted to
8279,o0o; internal revenue receipts, $4,000. The
customs receipts for the week ending December
81, were as follows New York, sls57, 4ao; Boston,
4113,o2s; Philadelphia, $1oo,3s3 six million dollars
bonds Of IS were received at the Treasury in
Washington, $2,O0o,oo0 Of which are registered,
sent in for exchange for new fves OF the
$4,0oO000 coupon bonds received ST. 0OO 600 for
exchange and the remaining ,o00 Tor payment.
The Assistant Treasurer paid out to-day $685. 600
on account OF interest and $59l, coo in redemption
OF nve-twenty bonds. The total disbursements on
account orinterest from January 1 to date are
$40, $4,000.
GOVERNMENT BONDS.
Government bonds closed firm at the best prices
Of the day. United States skies, 1884, registered,
1161I 1leH; do. do, coupon, 1171S 1172s; do.
nve-twenties, registered, 112A; do. do, 1862,
coupon, 1ls1f; do. do, 1854. registered 114 do.
do, do, coupon, I1iA; DO do, 1865, reg
astered, hay; do do, do, coupon, 115; do.
do. do, new registered, ll41s; do. do, do,
coupon new, 115A 1l5h; do. do, 1857,
registered, 115H ZIG; do do, do, coupon,
1867 116H; do. do, 1868. registered, 115S
q 115x; do. do, coupon, 1161l a 1l6X; do. ten
1orties, registered, l12K 1l22; do. do., coupon,
113 1881; fves, 1881, coupon liz a 112Js; six
per cent Pacific Railroad bonds, 1857 la.
RAILROAD BONDS.
Railroad bonds were active on well distributed
business. The largest transactions were in Union
Pacific nrsts and Chicago and Northwestern con-
solidated gold bonds. The former sold at S3k a
ssH and the latter at sax a IS. Central Pacincs
were strong and in demand at 94h. The latest
bids were as f0llows:--
New yS OTk t Gem s. g. ss Del hseS ~
81 ISL 81 i +: w. 7s
ri: q s s g.: So So West VEST Il m NJ :
sriss 80 p = S.: G% s. ioSs Isl ~
hna Ss 20 9G m GaienS chic "a
z zRs h IL, q e. S Hair RI tssss ID NJ
az a sS'S "a =: ~ ssa :' n
Gh ieb B sn P Pss ri,;s Sp s