The New York herald., 1871-12-29
GOVERNMENTS STRONG.


The steadiness ana strength OF the gold market
impaired nrm tone 10 the government list which,
being subsequently affected by an advance OF x per
cent to-day In our bonds In London. closed up
strong and buoyant. the improvement being
as shown In the following quotations, which
were the latest and best OF the day:-United
States currency skies. 114X q IFS; dO
sixes 1881, registered, l13X ia; do do,
coupon, 1l7X 11S; do. fvetwentles, registered,
May and November 1O91< 1l0N; do do, 1862, cOu.
pom do., 1o91s 109a<; DO. do. 1854 do. do, 1904
ITO; do. do 1885, do. do., 1114 1l1H; do. do reg
istered. January and July. 1l1X 1l1K; do. DO,
1886, coupon, do. 114K l143I; do do, 1857. do.
do, 1164 115x; do. do, 1858, do. do. 115X q
1ook; do. do. do, coupon, 1ooK a 1osA: do. ten-
forties, registered. l0sH 1881 do. do., coupon,
109ss . l0aA.
SOUTHERN SECURITIES STRONG.
The Southern list was strong In all directions
The Tennessces advanced to "a, In consequence OF
the reinforcement Of the Sinking Fund law, which
requires the railroads to pay their proportion OF one
per cent annually on such part OF the State debt
was incurred In their behalf. ana which has been
suspended the past four years. In other words, the
railroads arc required to pay In four per cent I'm
bonds, Of the amount now outstanding against the
solvent railroads. Virginia consols advanced to
Governor OF the bill staying funding and
interest payments. The agents OF Alabama win pay
the interest on the regular State bonds and des-
patch says Louisiana Is ready TO pay the January
interest as usual. The following were the closing
street prlccs:-Tenncssee, ex coupon, o. 64h;
do. new, o. SAX; virginia, ex.coupon, 81 q co.;
do. registered stock, old, 40 o so; do. skies,
consolidated bonds. sex 5e1s; do. sixes,
deferred scrip. 81 %; Georgia skies, 10 so; do.
sevcns IS q 90; North Carolina. ex-coupon, 80 q
"a; do, funding 1885, 2s %; do, do, 1885, 20 22
do, new, II II; do, special tax, 121s IA; Missouri
skies. 9s o o81<; do Hannibal and ST. Joseph o3 q
05; Louisiana skies, 90 q 65; do..~new, 81 90;
do. levee slxes 63 IS; do. dos elghts, rs a 80;
do, do do, 1875 10 80; dor. Penitentiary sevens
s. 10; do, railroad etghts, rs 80; Alabama fves
63 o.; do. elghts, 95 q 100; do, do, Montgomery
add Euiaua Railroad, 90 . o5; South Carolina slxes
SO q eO; do. new, January ana July. 2AK q rs; do,
DO, April and OCTOBER. 81 = "a; Arkaasss SKIES.
funded, Sc Sd
THE ERIE RAILWAY.
AT special meeting to-day Of the Erie Railway
Company the ofncers presented their annual report
which will bo found In full III another column The
business Of the road during the past SIX months
was deemed capable OF allowing q resumption OF
dividends on the preferred stocks Accordingly q
dividend OF az per cent was declared on the pre-.
erred STOCK payable January 81, 1872 the transfer
books closing December 80. 1871.
STOCKS STRONG.
The stock market was quiet, and, after consider-
able uncertainty and hesitation, finally became 1rm,
in sympathy with sharp rise in Wabash and West
ern Union, which, quite late In the day, went up
side by side to 70X. Wabash has been higher within
the week, but In the case Of western Union this
price is the best made in many years. Erie
strengthened to 32z and Reading to 111X,
but the changes otherwise were not OF much
Importance. The denouement in Erie preferred
ana the sale OF putt 1000 shares OF common
stock to-day at 81 for thirty days. as well as the
conference Of Daniel Drew and Jay Gould, referred
to In the HERALD a day or two since, would ind
cate that Erie about to be the subject OF active
speculation at no distant DAY. Erie preferred was
quoted 65 q 66. In the miscellaneous railways
Panama advanced to II.
HIGHEST AND LOWEST PRICES.
The following table shows the highest and lowest