The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1870-10-24


nerve required BY low.
THE GOVERNMENT BOND MARKET.
4 The continued advance in the quotation for nve-
&wenties In London and the steadier tone OF the
sgold market communicated by the stringency in
cash gold above noted rendered the government
Ast firm, while prices during the week show an ad-
vance Of o quarter to three-cghths per cent. owing
80 the repurchase Of bonds by corporations ana
capitalists who sold them last August and Septem-
her through fear OF stringent money market In the
fall, but who are now buying them back under the
conviction that with the prospect Of glut Of
money In the city next winter q six per cent gold
interest bearing security Is the most profitable In
vesrment for their money the balance of the present
year, especially as on The 3lst of December there
WIN be special demand for such bonds in order
that rich men may qualify themselves for avoiding
che payment Of taxes. The following were the hna
street prices Saturday United States currency sxcs
llIH 11lsS; do, 1881, registered, 1874 lax; do
do, coupon 1881 1145s; do 1ve-twenties, regis
tered, May and November. 1857 10Sss dc. do, 1862
coupon, do, 112 11SS 90. DO, 1854 do. DO, 1l1X
n lllg<; DO. do. 1865 do. DO, 112 112Li; DO do.,
regis tered, January July, l1oS 11oa4; do. do.
1885, coupon, do. 1908 a 11oG; do. do, 1857, do
DO, 1908 11o,l; do. no., 1868, do do, 1loZ l10%;
do tenforties registered, 1851 1881; do. do
pon, 1864 1867.
THE STOCK MARKET.
The stock market opened buoyant enough and
held Its own at the advance for q day or two, but
the stringency in cash gold started selling move.
ment on the part OF the 'bears," which brought
considerable stock out Of the hands OF weak holders
and produced decline Of one to one and half per
cent In the railways and about three per cent in
couple OF the miscellaneous stocks. The great
est depression was on Saturday inst previous
to the publication of the bank statement, which
exhibit being quite contrary to the anticipations OF
Che street, created general suspicion among the
losers Of stock chat there had been fou payn some
where, while others who took their discontinue
more phiosophically smiled to think how neatly the
ching had been done. Our readers certainly have
had plenty Of warning against the s.milking the
street" process, which is the secret of the immease
profits the cques derive from their manipulation OF
stocks. s~.sr
CLOSING PRICES At THE STOCK EXCHANGE
The following were the closing prices at the
last session CT the Stock Exchange-Can-
ton Company, 6S cox; Western Union 4oss q
to1; Quicksilver, 5s1; Mariposa, az o 8; 40
preferred, Tx AK; Boston Water Power, Ia bid:
Adams Express, G72s q 67I; Nells-Fargo Express.
81 40; do scrip, "a a 8; American Express. 43ss
S3's; United States Express 305S; Pacific Mall AK;
New fsrk Central consolidated s2ss u 92af;
DO scrip, s7S s7sl; Erie 23s<; Harlem,
Aso ioo2e' neaui"s, IoU1s 1908; Michi-
gan Central, 1903 l2l16; Lake Shore, s4si q4ss:
Union Pacific, 24h %; Illinels Central. 1867
1873 Cleveland and Plttsbcrg, 1861 bid; Chi.
cago and Northwestern sos a soy; do. prcferred.
sV7s soH; Cleveland, Columbus, Cincinnati and
Indianapolis, ST. New jersey Central 1903. a
iva Rock Island, l11k 111&; Milwaukee and
o.. faui' GSss Ga7s do. prelerre5, SIX s17& To.
eao' wabash aud Western 53JS 5sal; do preferred,
20 DIG; Fort Wayne 93I6 $3.50; Chicago ana Alton,
ii3I lia}S; do. preferred, 115A a 49, Ohio ana
Mlslsippt 3s1f ss,4; ST. Louis ana Iron Noun
SAM 4eA ND; Delaware, LacKnwanna and Western,
lsSh 100; Merits and Essex. s2x bid; Bssteu,