The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1870-07-02

"BuLL MARKET" FOR STOCKS.
The general buoyancy In the street was further
nected to-day IN q confident speculation on the bull
side at the Stock Exchange, with the result OF an
advance In prices ranging from one to two per cent
The large operators are buying heavily In antclpa
ton OF sharp advance the moment Congress adj
Journs. The Currency bill Is settled for the present
session, at least far IL may threaten cOntrac-
lion. The decisive vote OF the House In reject
ing the report Of tie conference COMM tee rs
interpreted as an indication that the more
numerous branch OF Congress will favor no
measure which does not conserve or initiate the cur
reDcy. The Funding bill Is quietly progressing In
Its latest aud least Objectionable FORM and even If
passed Will work no monetary disturbance. As 1t is
SO different. however from the Senate idea OF fund
ing, Wall street is rather sanguine that the whole
question VIII fall through, as has the Currency bill
The cliques are convinced OF this result anu hence
are steadily puying in the expectation that when
Congress does adjourn the general public will JOIN
them al much higher stage Of prices The mys-
terious directors OF the Hannibal and st. Joseph
Railroad have at length proclaimed the result. OF
their deliberations on the question Of dividend In
the following muddled Iesolution:--
Voted, That whereas the earnings OF the road for
SIX months ending July !, 1870, sufficient me
declaration Of divd nj. all prior earnings having
been applied to the Improvement, maintenance and
working OF the roal, there DC Distributed holders
cent upon Tie amount OF said Stock, payable August
Is next, being ne amount Of preference 10 which
they are entted Tor The year 1870, per the pro-
visions OF the ndenture Of or April 1863 and That
there be paid TO the hO.der3 OF the STOCK OF
record July ~. 1870, Dividend OF three and one
half Per cent, payable August 10 next, for the SIX
months ending jay /, 1870; and that the earnings
OF the roau Tor the remaining six months be ap-
pied 10 ray the iurther dividend OF three and
half per cent on SAID common stock ana that the
books be closed rom tue LIST TO the 10th day of
August, 1870, inclusive.
rkot,p nj, 4
the closing Of that apartment, Lake Shore les Ing
the market on 81 iden rise TO 1Oo%-the result OF
report that the Injunction case had been postponed
sixty days. AT the close OF street business prices
receded in some instances from the best of the day.
but closed strong and buoyant. The following were
the closing prices at the last session OF the Stock
Exchange:-Canton, GSH oa1t; Cumberland,
50 40; Consolidated Coal, 30; Western
Union, 347s; Quicksilver, 7 So; Mariposa,
~ So; do. preferred, 1516 1875; Pa
cidc Mail, Ala ~; Adams Express, $50 6sH;
Wells-Fargo Express, 15zs 16l4; scrip tx 3;
American Express, A q IS; United States Express.
d. a47h; New YORK Central consolidated es15 a9s4;
do. scrip, o. 94Jk; Harlem, I393s bd Erie, 22k a
241s; Reading, 1O71a 1885 Lake Shore, 99M a
so'4; Illinois Central, l40& I4iM; Cleveland and
Pittsburg, 1928 1926 Chicago and Northn estern.
$50 DID, do. preferred, $50 50; Cleveland CoIunl.
bus and Cincinnati S01s s2Is; Rock Island, III
1Hk; Milwaukee and st Paul. 66X a 66ai; DO.
preferred, 81 S1s4 Toledo and Wabash, 81 bid;
do preferred, 751a bid; Fort Wayne. 9556 $50;
Ohio and Mississippi, 36E a 3e1a; Delaware and
Lackawanna los 1907; New Jersey Central, 100
109l; Chicago and Alton, 116I 1l7}s; do. pre-
ferred, 1l7]s 1lSh; Morris and Essex, 30 bid;
Hannibal and ST. Joseph, ll71 119; do. preferred,
l21A 1913; Iron Mountain, 4szl SO; Boston, Hart
ford ana Erie, a AZ; Columbus, Chicago and In.
diana Central, 2l9. 2l4.
THE EXTREME FLUCTUATIONS
The following shows the highest ana owest prices
To-day for the leading gneculative sbares.