The New York herald., 1870-05-10
GOVERNMENTs STRONG AND ACTIVE.

GOVERNMENTS STRONG AND ACTIVE.
The low rates for money on call and the cxpecta-
tion OF q sharp advance in government securities
led strong and active market for the latter, the
purchasers being for the most part capitalists and
moneyed corporations seeking higher rates Of in
terest than those attainabe in the street with the
present plethora Of money. The demand for some
days past has been from this class Of buyers the
speculative operators preferring the greater nuc.
tuatiOns In the railway list The 67s Ia final street
dealings, sold freely at 113X, the market closing
strong, with the following quotations:-United States
currency skies, 1123S 112h; do. sixes 1881 regis
tered, 1861 116ls; do do, coupon 1161z 1l6sf;
do. fve-twenties, registered, May and November,
110% 11oA; do. do, 1862, coupon, do, lily
liz; do. do, 1864 do. do 11ozs a Ill; do. do,
1855. do do, 10Y a1111; do do 1885, DO, January
and July, 1l3A 1137l; do do, 1867, do do, 1l3X
113A; do do. 1885, do. do, llSss 113z; do.
do. ten-ores registered, 1863 1O7 do do. coupon
107X 10S.
THE STOCK MARKET.
The stock market was unsettled and weak at the
opening, being led by decline In Lake Shore TO 99h,
he clique having sold out to buy Wabash, which
latter accordingly advanced to 5Ss. The decline in
Lake Shore would doubtless have been more serious
had 1t not been stayed by large purchases repre-
sented to be account Of the old Erie clique who
were also the purchasers Of the stock when the
Vanderbilt party sold out from 90 to 90 last week.
The Erie party having found themselves saddled with
the load, in sustaining which they are assisted by
the outside public, who were induced to come in
when the original clique went out are casting about
to get rid Of it, and to-day washed" the price up to
1O1, the reputed purchaser at this figure being an
operator who sold 40, 900 shares last week below &c.
and was therefore not likely to be buying afresh at
the advanced quotations. Moreover. the money
market and the last bank statement favorable
TO higher prices that In the reaction succeed
Ing the decline in Lake Shore, and upon. the
denial of the report that the House would adopt
the Senate Funding bill, the "bus, took different
course from realization and again enlisted for
fresh "bull'' campaign. The result was still fur
ther remarkable rise IN the Vanderbilt stocks North
west St. Paul, Wabash, Ohio and Mississippi and
Rock Island. The market reacted at the close from
the highest prices, Lake Shore again showing weak
ness and declining to s9H. Erie was the special
weak spot, owing to a lower quotation in London.
In the miscellaneous railways Boston. Hart
ford and Erie was active, with numerous
transactions, and rose to 7h, In answer
to the announcement that the Massachusetts
Legislative Committee had reported in favor
OF State aid for the completion OF the road the
agreement that the Governor and Council shall be
included In the future administration OF the affairs
OF the company. The details of the report are given
elsewhere in our ne VS. columns A great deal OF this
stock has been purchased for investment by those
who remember that New York and Erie once sold
down to and subsequently at 12s and who believe
that Massachusetts, will not abandon q road which
Is essentially State enterprise and in whose CON-
pletion she is so deeply Interested.
The following were the closing prices at the last
session Of the Stock Exchange:--Canon, 71H q 72;
Cumberland, Al; Consolidated Coal, ~ a 2sh; West
ern Union, 321k o 32x; Quicksilver, s1S o IL; do
preferred, IS; Mariposa, sX a OK; do. preferred,
Tx is; do first preferred As so; do. certificates,
As so; Pacific Mail, 42,s 421S; Boston Water
Power IS a ISL; Adams Express, 65K 65A;
Wells Fargo Express, 17H 17%/ do. scrip,
~ a 8; American Express, Az a 43; United States
Express, As a ASH; Merchants Union, bid; New
York Central consolidated, oS1s 9sx do.
scrip, 94ss 94%; Harlem, 1449k l45; do.
preferred, las bid; Erie, 23H 2S%
do. preferred, Al SO; Reading, 1929 1929;
Michigan Central, 1251s; Lake Shore, 1O0h a 1901;
Illinois Central, 1411s 142H; Cleveland and Pitts
burg 10e 1861; Chicago and Northwestern, So n
s2A; do preferred, 9lh a 91ss; Cleveland,
Columbus and Cincinnati, 1914 80; Rock Island 124
1241S; Milwaukee and ST Paul, 667S q e8h do.
preferred, SIX NI; Toledo and Wabash, 57a
57X; do. preferred, "a q IS; Fezs wayne e4S 94k;
Alton and Terre Haute, "a bid Ohio and Mississippi,
3sl SsK; do. preferred, rs 75t4; Delaware and
Lackawanna, 11oK a Ill; New Jersey Central, 10oK
a 1ooK: Chicago and Alton, 113K ia; do. prefer
red lIS bid: Morris and Essex, 92s s2s; Hannibal