The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1871-07-25

II M.................nl% 4P. M...............1l26
l T. M.............112 $3.50 Z. Mo-. .1l2 ll2}6
In the gold loan market the sales ranged fiom
per cent for carrying to per cent for borrowing.
The operations OF the Gold Exchange Bank were as
foOws:-
Gold cleared s3s, S5S, 900
Currency balances. OBSERVATION-DISCLOSURES. l2s91l3
GOVERNMENTS UNSETTLED.
The government list was unsettled by the nuctua.
tons IN gold, and prices moved In close sympathy
herewith. At the early board the decline was most
perceptlbe, but overcome later in the day, the
market closing with moderate degree OF strength
at the recovery The chief feature was fail in the
currency skies to ll3. The following were the iual
street prices this evening limited States currency
SKIES, 1134 113H; do, 1881, registered, 1854
115I do. do coupon 1l6al ll5zs; do lvetwenties,
registered, May and November, 1875 ll34; do.
do. 1862 coupon, do, 1146 ll4,S; do do, 1854,
do. do 113ss 1l3ai; do do. 1885, do. do, 1l3ss
ll37s; do. do, registered January and July. 112H
q ll3; do. do, 1896, coupon, do. 1925 1l2S; do
do. 1867, do. do 1l2X 113; do do, 1868, do.
do, 1922 llS%; do ten.f0rtes registered, 1l2,l
1121i; do. do, coupon, 1l3 1l3H.
SOUTHERN SECURITIES DULL.
The Southern State bonds were dull, and for the
new South Carolinas lower. The Euening Telegram
tonight says:-sA new South Carolina bond has
ing an endorsement similar to the various January
and July bonds OF that State with the difference
that instead OF the familiar final endorsement For
the conversion of State securties'-whch means the
conversion or registered into coupon bonds-or 10
redeem the bills OF the Bank or the State the bonds
purport to be ISSUED under an act approved
march 81, 1862 and are stated to be 'redeemable
January L. 1884, The exact status OF this bond
seems to be in some doubt. They are now
cepted as q good delivery for new July bonds;
but Is not certain that they Will continue to be,
whether they are, fresh issue or further CONVEX
sIon"-a statement which explains the decline re-
ferred to. The following were the closing street
prices OF the southern list, inclusive OF the corpo.
rate bonds:-Tennessee, eX coupon, ~ a 72}&; do.
new, 1915 10; Virginia ex coupon. e5 90; do.
new, 723 734; do. registered stock, old, IS q Sc;
do. per cent consols, 20 702{; do deferred, %
49, Georgia skies, $50 Sc; do. sevens, e31s "a;
North Carolina, ex coupon, 44H 45; do. funding,
1866, 80 a 35; do do. 1863, 80 32; do. new, 2sl
%; do. special tax, 1919 20; Missouri skies, 80
a 99h; do. Hannibal and st. Joseph, 81 9s;
Louisiana skies, 81 CO. do new, 65 a 81; do. levee
skies, ~ a "a; do. do. Fights, 81 81; do. pen
tertiary sevens. 70 70; do. railroad eights
10 a so; Alabama lives, So a 70; Dc. eights 9s a
100; do. railroad elghts, 80 o5; South Carolina
skies. 70 a rs; do. new. January ana July, 57s
sixes IS 80; do. sevens, 81 65; Mobile aud Onto
Railroad sterling. IS a 90; do. Interest, eghts. so
So; do. second mortgage, eghts, 90 69 Mississippi
Central Railroad first mortgage, sevens, So q So;
do second mortgage Fights, rs so; New Orleans
and Jackson first mortgage. 81 IS; DO. do. second
mortgage, rs q so: Memoirs and Charleston Railroad
first mortgage 81 O SO; do. second mortgage. IS a
rs; Greenve and Columbia Railroad guaranteed
by South Carolina, 561s a sly; Macon and Bruins.
wick. guaranteed by Georgia, II IA; Wilmington,
Charlotte and Rutherford elghts, 81 3d. Mem.
phis and Little Rock Railroad Fights, 70 Is; Men,
pins city skies. So a 81; Savannah city sevens IS
81; New Orleans consols old 70 q 49, 40. issued TO
railroads, SKIES, 20 70; do. sevens, 66 a 90.
STOCKS STRONG AND DULL.
The stock market was strong ana higher but de.
void OF buoyancy. The "shorts' seemed to share
q unanimous belief that a reaction was at hand
and their purchases gave the market quite a sharp
upward impetus at the morning board. Dulness
set in subsequently, and things threatened to settle
into the old rut, but tho ciques took hold when
the ''shOrts" stopped covering, and finding the
duness likely TO continue II the market was left 10
Itself, determined TO give 1t fresh start, and prices
toward the close were run up In quite lively way
Northwest, as the leader OF the recent decline being
turned up TO 6s}s as bel-wether In the other drec-
tion The lack OF outside interest is still the bane
public are rigldly obstinate In refusing to
come In; for they feel that, whatever the present
chances OF profit on reaction ranging from one
to three or four five per cent, stocks.
whether for investment or for 'long pull may he
purchased at much lower figures next winter, afler
going through the pressure or active money IN the
fail months Meantime the action OF the Lake
Shore meeting next Wednesday is a riddle tothe
street. The ''busn are oath TO buy on the strength
of any favorable development therefrom, and the
'bears afraid to SELL nlermediatey tue cliques
are allowed TO mark prices as they WISH
The chief Improvement was IN Northwest wnlcn
advanced nearly two per cent, and In Pittsburg
per cent the only weakness being shown by
Consolidation Coal, which went back To 81. ONO
and Mississippi was strengthened by the announce.
ment OF the complete change or gauge from broad
to narrow, and advanced to AK. The forthcoming
statements of earnings will be the first real criterion
of the fruits of this new departure
HIGHEST AND LOWEST PRICES.
The following table shows the highest and lowest
prices of the principal stocks during the day
,,, Hgl~st. LoTtst.
New York Central consolidated. V5I IS.
New York Central scrip............. YlA VI
Erie............ .'....'...''''' zoa ~
Reading ................ .iilta llOA4
Lake Suoie.. .s..s....ioSfa IVA
Wabash. .............s..."'... 5ss osb
ptttShurQ. 1lptb
Northwestern OBSERVATION-DISCLOSURES. dS}a 6dt,
Northwestern preferred. ...,...,.... S9'a sSa
Rock Isiand...... ...'.''.''.''.....loi lOds !
Oh raul. s...s'ssss.ss.s.s. Dots Vy'k