The New York herald., 1871-07-18

10 A. ..112H 2:3O T. NJ. .112S
y NJ. ..1l2i5 $3.50 z; M..........ll2H
r. NJ. ...."......1l29S 4P. .1124
P. ..l12A $3.50 p. M....112qs 1l3}a
In the gold loan market the rates ranged from two
per cent for currency to nat for borrowing. The op-
eranons of the Gold Exchange Bank were as fol-
lows:--
Currency balances Observation-Disclosures. 1l279I5
The engagements OF specie for shipment to-mor-
row are varousy reported at 900 to $780, 900.
GOVERNMENTS STEADY.
The government bond market sympathized with
the early advance In gold particularly the ten-for
ties which had the additional assistance OF better
quotations in London, and sold at 1l3A. The mar.
ket subsequently fell Off with gold, but not to the
same extent, and closed with steady
| feeling at the following quotations: :-United
States currency sixes ia 114i4 do 1881, regis
tered, 1l5 q 1154; do. dO coupon, 115 49,; do.
nye-twenties, registered, May and November,
1l31l ia; do. do 1852, coupon, do, 114&
Il42s; do. do. 1864, do do. 1857 ia; do. do.
1866, do. do ia a 1144; do. do, registered Jan.
uary and July. 1l2'i 113; do do, 1865 coupon do.
1l24 1l2Js; do. do 1867, do do, 1l2I 1l25s; do
do, 1ses do. do 1l3 ll31S; do. ten-rortes regis.
tered, 1l2il 1l214; do do, coupon, 113 a 11Sl4.
THE TREASURY PROGRAMME
Washington despatch states that 'Secretary
Boutwell, will suspend further purchases of bonds
should they remain above par in god. The object OF
this announcement is not clearly understood, un-
less it has reference to the 62's, which are at pre-
MUM Of 4 q Il per cent IN gold. In any view the
statement Is supernuous; for, while there Is some
doubt as to the authority of Mr.. Boutwell, to pay
more than par in currency for bonds there is none
whatever to the impropriety Of paying more than
their par In gold.
SOUTHERN SECURITIES STRONG.
The iniimatiOn made some time since that the
State Of Missouri was buying bonds for the Sinking
Fund seems borne out by lhe otherwise nexplicable
steady rise In those securities which again sold to-
day at 9S which was BID for more at the close with
none offered at less than 90. The Tennessees
also exhibited increased 1rmness The general
market was strong, but otherwise dull, the
following being the closing street prices for
the list Tennessee, ex coupon, " 72G !;
do. new. 72 721S; Virginia, ex coupon. eels
a 81; do new, 73 a 73la; do. registered stock,
old, So a IS a Georgia skies, SO a 81; do. sevens,
| o1 a 92; North Carolina, ex coupon, As ASK; do.
| funding. 1Ss8, 33 q 35; do. do, 1862 80 81; do
new, u a 27t4; do. special tax, 20 2Ot&; MIS-
souri, skies, 9sH a %; do. Hannibal and st.
Joseph, e6ti a 97; Louisiana skies, 90 n 20;
| do new, 50 6j; do. levee skies, 72 -;
| do. eights, ss 90; do. Penitentary sew.
| ems II 73; do. railroad eights IS 80;
railroad eights 90 95; South Carolina skies, rs
q Il; do new. January ana July, 5sH a 69:
do. do, April and October. 90 a 81; Arkansas
SKIES, IS a go; 40. sevens, 81 a 60.
STOCKS STRONG AND MORE ACTIVE
The stock market was more active as compared
with the extreme dulness OF last week, but the
amount OF business was far from important. Ex-
ccpt in few instances the changes, which were
generally for the better were, however Slight Erie
altar n fan aturo in Tho fnro
noon, and after advancing to 2s1s, was abandoned
for New York Central. which was quite
fayoraDly influenced by Washington tele
grams stating that Commissioner Pleasonton
has been sustained by President Grant
In his views of the action TO be taken with reference
to enforcement of the collection OF the tax on the
scrip dividend OF 1863 One telegram says specn-
cally:--"CaleD Cushing, attorney In the New York
Central scrip dividend case was notified this morn
ing that tie whole subject had been referred back to
Commissioner Pleasonton for final adjustment. The
Commissioner has been instructed to con-
sider the case the same as II no appeal
had been taken to Secretary Boutwell,
This doubtless, means that General Pleasonton Is
to proceed in his proposed plan of investigating the
accounts OF the company for the purpose OF ascer-
tanning how much OF the scrip dividend represents
earnings Of the road since the revenue law went
into operation. AT least the news had the effect OF
advancing the stock 90 and the scrip to OIL "a.
The Gold Room as will have been seen, was induced
to believe the aront TO Secretary Boutwell, conveyed
in this action OF the President would occasion his
resignation OF the Treasury Secretaryshp The other
shares supposed TO be less under the patron
age OF the Vanderbilt party were sympatheticaly
strong Wabash rising to 59'{, Lake Shore to 10s%,
western Union TO 5s's and ohio and Mississippi to
Az. Meantime the recent decline in the mortgages
of the Union Pacific Railroad began to be felt in the
shares OF the company, the pr.ce OF which went of
to 2sX. Pntsburg underwent spasmodic rise TO
12O,l and Pacific Mail lost some OF its late firm.
ness Elsewhere the market presented little
of interest and fluctuations were unimportant. The
books OF the Illinois Central and the Cleveland,
Columbus, Cincinnati and Indianapolis Railroad
companies have closed for the semi.annual dvi.
dend which in the former case is per cent cur
rency this tme) and In the latter ga per cent. The
warm weather exci,es q general desire for an cx
change OF the present quarters OF the Stock Board
for the more commodious apartment now In course
OF preparation, but which Will hardly be ready for
occupancy before the 18th of August.
HIGHEST AND LOWEST PRICES.
The following table shows the highest and lowest
prices OF the principal stocks during the day.
Hlghes. Lo,ccst.
New York Central consodated...... p6A 06&
New YORK Central scrip............. 9lIs gia
Erie Observation-Disclosures. 29h 2s5,
ReadlnR..... ...'..''...."....iLs ms
Lake Shore. ........................l0S 1887
WABASH ..'...'..'...'...'.'... osA o3A
Plttsburg ......................... ..l2Ota llsA