The New York herald., 1871-12-27
GOVERNMENTS sTRoN,

mand for the reinvestment OF the January coupons
and buyers were more confident In view OF the
steadier ruling OF the gold market. The chief fea.
ture were the currency bonds, which were selling a.
1l7h li7ss, these issues unlike the rest of the
list, being quoted exclusive OF accrued interest,
which Is now within tribe OF three per cent. The
market seemed unaffected by the sringency In
money, and closed with the following street
prlces:-United States currency sixcs 1a4,l 1l4x:
do. skies 1881, registered, 1laH 1884,; do. do,
coupon. 1l7h 117sl; do. ive.twenties registered,
May and November, 1O9 a 10; do. do. l88 Q coupon
do., 1094 lO9h; do do, 1854, do. do, 1o9h a,
1o9a; DO do, 1855, do. do, Ill 111; do do, reg
istered, January and July, Ill Q NIX; do. do,,
1865 COUPON, d0 ia 114,s; do. do. 1887, DO. do.
115A l157s; do. do, 1S6s do. do, 1l5< o 1I5s.;
do. fves OF 1884, funded. registered IOS 4 1O9 DO
do do, coupon, lOSH 100: do ten -fortles, rcgis-
tered, 1Os1s lOs1s; do. do coupon, 1091s 100 s..
STOCKS ACTIVE. STRONG AND UNSETTLED. fi.g
The stock market was more active than usual for
some time past and "holiday week'-ordinarlly
period OF stagnation IN Wall street-led or with
great animation. The chef impetus given the
market and occasloning this sudden revival
OF business was the covering OF ''sh0rt- con-
tracts by the ''bears," who came 10 the con-
clusion that the sbus', displayed more wis
dom In disc0unting the January rise BY lay.
ing In their stocks some time ago, aud that ir
was folly to resist the evident current OF prices
The 'short" interest having been largely increased
by the anticipation OF the present strngency In the
monev market had no inconsiderable extent, and
included many wealthy operators, who had been
heavy losers by the rising tide. Accordingly when
this element OF the street showed the white feather
this morning the decentralization or che sDearsu be-
came general, and spectators who erst had been
allies against the "bullsr abandoned eac,,
other and eagerly bought In their stocks causing a
most rapid rise several OF the leading speciaties.
such as Wabash, which jumped to liz, and North.
west, which sold at 67. The "sllort' interest sat-
isded, the market relaxed, and as money became
stringent there was fresh pressure to SELL which
robbed much OF the market OF all the days i'm
provement, the closing dealings being attended
by decline, which. while 1t lelG North
west and Wabash In possession OF q good
portion or the DAYS advance, carried Lake Shore
Union Pacific and Erie to below the opening figures
OF the morning. Meantime Lake Shore had sold at
% and the scrip ut So, which figures would make
the old stock equivalent to 113ss-or pretty nearly
the price reached last summer. The speculation In
Wabash, outside or such OF 1t as Is stimulated by
purchases OF the stock against the "pulsu or Mr.
Drew, is assisted by revival OF the old ru-
NOR tnat negotiations are pending for q
lease or the road to the Lake Shore com.
pany. Its value as q connection to ST. Louis
being heightened by fear OF lis possible absorption
by the Erie road now that the OHIO and Mississippi
longer an extension OF the broad gauge system
Of the Erie ana Atlantic and Great Western. In this
connection much significance attached 70
protracted interview held ihIs afternoon at the
Broad street agency Of the Efe Railway between
Daniel Drew and Jay Gould, and the stree" was
quite anxious as to the nature OF tue deIibera.
lions supposed to have taken place between
the present President and the ex.Treasurer
OF Erie. Cuiiousty enough, these rumors come At
time when stocks have risen q great DEAL and when
tuere may pc necessity FOR enisttng the interest
OF Inc public in she enterprises concerned, in order
to form tnat Desirable requisite to the success Of
every "pull' movemeut-vlz., - market" Those
who divine correctly these various signs OF the hour
WILL il is quito evident be nrst In the advantages
gained by an early Information OF the real plans Of
the parties controlling the market. pEp.ssl. ~
HIGHEST AND LOWEST PRICRs. a8e
The following table shows the highest and lowest
prices of the principal stocks during the day -