The New York herald., 1870-10-21
GOVERNMENTS srRoSG.


The government bought two millions Of fye-
twcnties to-day, and the offerings only
S4l722 $50 against the usual eight nine millions
the market stifened up an eighth to quarter per
cent particularly the London quotation came
firm at ss4, while a strong disposition Is mani
tested on the part or foreign holders to reinvest
their coupons in bonds. AT the same time the banks
and private capitalists, foreseeing that money
is likely to fall to three four per
cent this winter, are naturally more careful about
parting with an investment which will continue
to pay them six per cent In gold. The government
market completely changed It's character to-day
under these influences and Is likely TO show strength
and activity III the immediate future. The
following were the closing street QUOTATIONS.
United States currency skies, NIX I1lH;
do, 1881, registered, ll3zs a ia; do. do,
coupon, 1l37s ia; DO. hve-twenties registered,
May and November 1857 los5.; dc. do, 1852,
coupon, dO 113 l13h; do. do, 1854, do do, lll%
l1l,s; do. do, 1885, do. do, 1l2X ll2x; do. do,
registered, January ana July, Ilo,s mex; do. do
1885, coupon, do, 11oss 1los&; do. do, 1857, dc.
Co., 1l0a 11sa do. do, 1885, do. do, l10ss i107s
do. ten-iertles registered, 1868 lo62s de- do, cou-
pom, 1861 a 1861.
MONEY FIVE TO SIX PER CENT.
There was a still easter feeling IN the money
market, and while six per cent was freely paid by
the stock houses in general the loans at Ave per
balances were plentiful ct that figure after two
O'Clock in the day.
Commercial paper was in fair request at tx 10
per cent for choice gra des
STOCKS REGULAR AND STRONG
There less numerous attendance to-day at
the Stock Exchange but business iairly active.
The rival factions did not become engaged In any
force, but there several sharp sklrmishes be.
tween stray parties OF 'buls' and 'bearsn who
encountered each other in the Long Room. The
market was steadier than for several days, and
prices, while a shade lower for some shares
which are nst the particular subjects OF
the main struggle, were generally strong
The cllques watching each other
jealously the ''bulls" hoping the bears win
break the market 30 that they may continue to
buy. and the .'bears' wishing the bulls'' TO do the
bidding. in order that they may sell TO them. The
foowin. the closing prices at the last session
OF the Stock Exchange:-Canton Company, Cts
8s2.; Consolidation Goa, 25h 20; Cumberland
Iron. 40; Western Union, 40A Al Quicksilver bid;
Mariposa 6h bid; 40. preferred 10 loI; Adams Ex'
press, e7I. 67a<; Wslls-Fargo Express, a7h ssh:
. do scrip "a q s; American Express, 43h "A;
United States Express, S6ts bid; Pacific Mail, 432S
q "A; New York Central consolidated, 92H o22s;
do scrip, s7M . s7A; Erie, 22A 23}4;
Harlem, 135 1854; Reading, 99X q 1O0
Michigan Central 100 bid; Lake Shore, s4k
s4,t; Union Pacific, 245s 251a; IlineB Central.
1857 bld; Cleveland ana PitsburE, l06H bld Chi
cago and Nsrthwestern, SIN s1y.; do Preferrea,
ssh . ssx; Cleveland, Columbus, Cincinnati and
indianapolis, 81 a 81; New jersey Central 100 a
lo9,.; Rock Island, 111ss a NIX; Milwaukee and
ST. Paul. e3M Il 635s; do. preferred, Slss slX;
Tolede wabash and western, 53L 54; Fort wayne
ss 931; Chicago ana Alton ia bid; do preferred,
1l4h bid; Ohio ana Mississippi Sass = Sa,I; st.
Louis and Iron Mountain, aess . At; Delaware,
Laekawanna ana Western, 1osA 1oe; Msrris and
Essex s2 90; Boston, Hartford and Erie. ~ \
AZ; Hannibal and st. Joseph, 1917 logH; do
preferred, ll5h III; Columbus, Chicago and In
diana Central. Is q 1Sk.
HIGHEST AND LOWEST PRICES.
The extreme fluctuations In the leading specula-