The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1871-05-19


OF England this morning the bullion report exhibited
a gain OF f760, O00 There was no alteration in the
discount rate.
GOVERNMENTS STRONG.
The government list was buOyant In response to
the higher quotation or gold, and prices advanced
rather sharply IN the ten-forties. The London
market Is steady, and shows, as yet,
no response to the higher quotation Of
gold In this market. The following were the latest
street prices this evening:-Unlted States currency
skies, 1867 l15k: do, 1851, registered. l17l
ll7ss; do. do, coupon, 117s. 117ss; do. five.
twenlies. registered, May and November, ILL.,. a
NIX; DO, 1862 coupon, do, III NIX; do. do,
1884, do. do, 1llX my; no. do, 1895, do do,
111% l111s do do, registered, January and July,
ia max; do. do, 1865, coupon do, ia a l14h;
do. do 1857. do. do, ia 114ls; do. do 1885, do.
DO, 114h 1l4i1; do tenforties, registered, 1921
1o9A; do do, coupon, ll0s 1i0i4.
THE SOUTHERN LIST STRONG.
The southern State bonds were not so active, but
the tone Of the market was strong The new South
Carolinas got as lar as 645S but fell back at the
close to 63N. Otherwise prices were steady. The
final street quotations OF the principal Southern
Issues were follows:-Tennessee, ex coupon. 702s
Il; do, new II q ny; Virginia, ex coupon 90 a
69H; do. new. 7lh ~; do, registered stock, old,
58h 81; Georgia SKIES, IS 90; do sevens, 93 q "a;
1866, 3s 80; do, 1883, 30 81 do, new, 27 271s;
do. special tax. 20ala II; Missouri sxes s5k $50;
do. Hannibal and ST. Joseph, 81 9s Louisiana skies,
69h 10; do. new, o2h 65 do. Levee skies, 10
a "a: do. do. Fights, 81 Sc; do. Penitentiary
sevens, 10 80; do. Railroad Fights, "A IS; Ala
bama ves, 20 20; do. Fights, 1913 104; do. Rail-
road Fights, 9S eS; South Carolina skies, IA IS;
do. new, January and July, 63ss "a; do. do, April
anu October, 81 62; Arkansas skies, Sc a 90; do.
sevens, so q g.
STOCKS ACTIVE AND Bu0YAST.
The plethora OF money at this centre furnishes the
clques with unlimited facilities for exciting the
speculative appetite OF the public and now that the
way seems clear for uninterrupted In the money
market throughout the interval TO the end OF sum-
mer, they will doubtless make the Stock Exchange
the scene OF grand speculative campaign Even
the most sanguine "bulls admit that such rise in
prices is anticipated will be simply imitation, but
they base their operations on the belief that
the innation VIII be but the natural result OF the
enormous amount OF money which will accumulate
here In the summer The July dividends, coupons
and interest money will alone reach $4,000. 900.
The clique plans contemplate the cultivation from
time 10 time Of shortr INTEREST, the incentive TO
which Will be the constant knowledge OF the lima
ton OF prices The market Will be made alternately
weak and strong In 0ruer to cloak their designs and
cover up their eventual movement TO unload. The
excitement to-day ran chiefly on Erie, which adj
vanced to 341. on purchases by the public to whom
the inducement was given ny the clique themselves
in notifying the Stock Exchange that the So 900
OF stock originally intended to be issued IN exchange
for convertible bonds had been cancelled. Tne inside
party having already bought enough stock to m AXE
this generous conduct cost them notnlng and, nav.
ing at the same time bought enough more at low
prices to secure them handsome profit II they
could only establish market, the means
to the latter end was Immediately provided
In notification OF the withdrawal OF the 0verssues
This sudden reversal OF all known prccedents In
Erie-rcduction instead OF expansion OF the capital
stock--produced sucn an enthusiasm on the part OF
the outsiders that they climbed over each others
shoulders In their anxiety TO snatch the valuable
certificates. The supply, however, soon became
equal TO the demand, and eventually greater, the
stock dropping to 80 and closing very dun on reac
ton to SO, much TO the surprise OF those who
thought the upward progress of the morning pos
sessed OF strength enough TO carry the
price indefinitely higher. One OF the curious re-
ports OF the day was that the Pennsylv ania
central Company we're buying Erie, thus adding
another to the hundreds OF lines which that great
corporation are credited with endeavoring TO alb
sorb. "Pennsyvania CentraI is made the pretext
for nearly every rise In the list and doubtless will
prove good enough Morgan" until after the cam
paIgn Is over. Meantime ~ is possible that the
purse OF the Pennsylvania Central Company Is
limited TO less than the ngurcs OF the national debt
The general market was active and prices advanced
In almost all directions. Lake Shore and New jersey
Central went up, side by side, 10 1i3. New York
Central touched 99i4, Reading 1854 and ROCK
Island 1855. The closing street prices ontside Of
Ere, were in most instances the highest or the day.
HIGHEST AND LOWEST PRICES.
The following table shows the highest and lowest
prices OF the principal stocks during the day.
Htgnesg. L0,resf.
New York Central consolidated. ..... SoA y7H
New Y0rk Central SCRIP 9lk sSk