The New York herald., 1870-06-10
FINANCIAL and COMMERCIAL.
WALL STREET


THURSDAY. June e--0 +. NJ.
Wall street and Washington are so Intimately con.
nected by the financial question that the heavy cap
tai now invested In the ormeri peculiarly sensitive
TO the intelligence from the latter.
THE STOCK MARKET STRONG Bur IRREGULAR AND
FEvERIsH.
The course OF quotations to-day at the Stock Ex-
change was peculiarly sympathetic with the reports
OF the proceedings In Congress. At the outset the
market was exceedingly buoyant at sharp advance
In prices, owing to the action had upon the
Currency bill OF Mr.. Garfield. which at the ad-
jOurnment last night was regarded as sheved for
the present session. As the day on the street
was startled with the announcement that Mr. Gar
held had revived his bill, revised 10 to make 1t
less Objectionable, and had 1t set down for the
special business Of the morning hour and after
Tuesday next until disposed of. AS consequence the
market became heavy and prices fell Off half to
one per cent from the highest point OF the day,
Reading leading the downward movement and sell
ing as low as 1o6%. The previous advance had
made the highest prices OF the season for Wabash.
st. Paul and Northwest which were the special fea-
lures to-day in the railway list The decline follow
ing the reintroductlon Of the Currency bill did not
carry them back to the opening prices, the margin
between the lowest and highest prices having been
about and half per cent Later IN the afternoon
the "bulls turned the tables on the 'bears by the
dissemination OF the news that the Funding bin
postponed for at least week, and that the only
measure Affecting the currency likely TO pass this
session was one OF expansion. Prices thereupon
took fresh start, and at the close steady.
lower range, however than the best of the day The
Central securities were dull, heavy and neglected.
Despite the alliance with Pennsylvania Central Erie
continued to sumber in the quiet which has marked
its history for the past few months The weak.
ness Of Reading Is attributed to realizing by
the Philadelphia clique who have initiated the
royal example Of the princess OF Wales -
The Dubuque and Sioux City Railroad Company
have declared q semi-an dividend of 3h per
cent payable July To- In the other miscellaneous
railways Boston, Hartford and Erie rose TO 81; on
the report that the Senate of Massachusetts, had
also passed the bill to give State aid TO the road In
miscellaneous shares Pacific Mail strong on
more favorable advices from Washington concern
ing the subsidy. Western Union was strong and
rose to 34h, but for wnat reason did not
transpre The company have passed the semi
annual dividend; which action seems to ope-
rate as did a similar procedure in the
case Of Northwestern common which advanced from
SO to S5X Atlantic Mali rose TO 343s. The follow
ing were the closing prices ut the last session OF the
Stock Exchange:-Canton, 67k bd Cumberland
al a 43; Consolidated Coal, 20; Western Union,
80 33is; Quicksilver 8; Mariposa, bid do. pre-.
Ierred, 14% l5%; Atlantic Mall, 34la bid; Pacihc
Mall, Asa a A; Boston Water Power, 1875 l9h;
Adams Express 63ss 81; Wells Fargo Express,
I5'4 bid; do. scrip, a; American Express,
AK bid; United States Express, as. 45zs;
New York Central consolidated, l0o% q 1913;
do. scrip, o8x ee4; Harlem, 144H las;
Erie 23h Reading, 1921 107k; Michigan Ceu-
trial. 124X o 125h; Lake Shore, 991 a 991; Illinois
Central, 1404 14l Cleveland and Pittsbnrg, 11O1s
llo,4; Chicago and Northwestern. s4zs a s55s; do.
preferred, 91k 90; Rock Island, 121ss 12ls4 Mil
waukee and vt. Paul. 675S 6S; do. preferred, S2i4
S2's; Toledo and Wabash, 6l" 6ls; do. prefer
red, IS; Fort Wayne, s5ls a 81; Ohio and Misss.
sipp, AK AK; Delaware and Lackawanna, Ill a
lllS; New Jersey Central, 1lo,< Ill Chicago an
Alton 119a; do. preferred, 11s; Norris and Essex,
o4k bid; Hannibal and st. Joseph, 1lsh a 1l9Z;
do. preferred, 117X 1ls; Iron Mountain, 43 a 4s;
Boston, Hartford and Erie, 5M 5ls; Columbus. Chi
cago and Indiana Central. 19Z a 20.
HIGHEST AND LOWEST PRICES.
The highest and lowest prices for the leading spec.
sha req vyar aa