The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1871-05-25
GOVERNMENTS STEADY.

GOVERNMENTS STEADY.
The government list was steady and dull, WITH
perhaps, an inclination to heaviness There Is room
iOr considerable improvement however. II the pres
ent gut OF money continues, Tor the rates call
offer little temptation IN comparison with govern
ments for temporary investment. The final street
market was quiet and lett or with The follow.
ing quotalons:-UDited States currency skies,
115H 1854; do. do, 1881, registered 1173. o
l173s; 10. do, coupon 117z ll73s; do. five
twenties, registered, May and November, Ill y a
lllss; do. do 1862, coupon do, 1llH l1l&; do.
do, 1864 do. do. ILL., nls; do do. 1866, DO. do,
111h ll1&; do. do, registered January and July,
ll3ss 1885, do. do. 1855, coupon, do, l13ss
11S1s do. do. 1867 do. do, ll3A a 1872; do. do.
1853 do do, 1857 Ia; do. ten-rortes, registered,
1924 a 1925 do. do, coupon, 1925 1929.
SOUTHERN SECURITIES STRONG
The Southern State bonds continue to show q
steady advance In the prices OF most Of the
leading issues-an Improvement most easily OK.
planned by the decrease OF disorder aud the subsI.
dence OF the so-cailed ku-KluxIsm IN the South
generally. Tue policy pursued by Tennessee In
compelling the various railroads TO redeem their
obligations to the State has proved highly saulary
her finances and credit, and might be probably
copied elsewhere as also the example OF Louisiana
In liking q limit 10 tile debt Vi tue State. be-
yond which the Legislature may not pass without
in cases of great emergency. The following were
the closing quotations VI the Southern list:-Ten-
nessee, ex-coupon, 7Is4 II: do new Tx -; Nr.
gina, excoupon, 6ss4 90; do. new, "A 75 Georgia
skies, IS a 30; do sevcns g3 q ~; North Carolina
ex-coupon, AK 4sA; do. new, .6st a u; do.
special tax, 1914 20; Missouri skies, e51s 95a+;
do Hannibal and st. Joseph 94ag5 Louisiana skies,
CO., II; do evec skies, 20 II; do. do. cighs, 81
q 81; Alabama lves, 10 q rs; DO Fights. 103 a 104;
South carolina SKIES, "a a IS; do new January and
July, 63x "a; do. do. April and OCTOBER 6ls1 CO;
Arkansas skies, So 30; do. sevens, 50 ae2.
STOCKS DULL AND STRONG.
The depression existing III the stock market for
few days. and which was not readily understood.
has been traced to speculative movement against
the Union Pacific securities on the part Of certain
operators alleged 10 lie largely short OF OF the
bonds. The Impression was quietly given that the
company could not pay the July interest on the in
comes and hence the rapid sinking Of the stock 10
s4I and OF the last mentioned bonds 10 slls. The
agents OF the company having denied these in
situations the incomes rapidly recovered to s4aI
ano the stock to 354 In the rebound OF the
market to-day frcer play was therefore given to the
strong undertone OF Reading, Rock Island, Lake
shore and Ohio aud Mississippi. when are the chief
in the hands Of the cliques and remark.
able prices were made for The two stocks first
toned. Reading Is almost entirely absorbed by
very wealthy clique the hign prices recently pre-.
vaiing having tempted private investors to part
with it, in expectation OF beng able to buy IL back
in the reaction which had been looked for with
about as much faith rs the recurring
rising aud setting or the sun. The anticipation
or this reaction has, indeed. been the source
OF a considerable short interest The stock touched
1884, which recalls the great rise OF ls63'64, when
II advanced from u 10 1856. Rock Island sold at
1l7's. There were moderately large dealings in
New York Central stock and scrip. Lake Shore,
Ohio and Mississippi and Union Pacific, with q
steady Improvement which rendered prices at the
close about the highest OF the day. In the miscel
laneous list Maryland Coal seemed emulous OF the
recent rise In Consolidation and American ana adj
vanced TO IS. American made further advance to
| 6eis while Consolidation experienced q reaction
10 Al.
| HIGHEST AND LOWEST PRICES.
| The following table shows ahe highest aud lowest
! pricps Of the prinClpai stocks during nc dav.--