The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1871-06-24
GOVERNMENTS HIGHER.


currency oaiances.... ...............-. 1850, 700
GOVERNMENTS HIGHER.
The government st slowly creeps to higher
prices interest day draws Nigh the flrmer tone CT
gold assisting the upward movement to-day. The
improvement OF the market Is shown IN the follow
ing, the closing street prices this evening"
United states currency skies, 1l5 a 1852; do DO,
1881, registered, 114as has; do do, coupon, 117A
l17X; do. fve-twenties, registered, May and
November, 112H a 1l2al; do. do. 1852, coupon do,
112H l12z; do. d. 1864, do. do, 1928 1l2a4;
do do, 1865. DO do, 1929 l12s<; do do, regis
tered, January and July, lll3s a 1115s; do. do.
1855, coupon, do, llzA lis; do do. 1867,
do. do, 1147s lis; DO. do. 1858, do. do, l15
ll54 do. ten-fortes, registered 1l01s 11Os; do.
do, coupon, 110h 110ss.
STOCKS WEAK, LOWER AND FEvERIsH.
AS daylight begins to break through the confusion
consequent upon the recent failure OF the movement
In Rock Island the original accounts OF the causes
producing it as given In the HERALD confirmed.
The chief leader in the proposed cornering Of the
stock was betrayed by his conIederates. who were
quietly realizing on their portion OF the pool stock
while he was buying. He seems to have got an ink
ling of their reachery Tuesday, when the sudden
large supply OF the stock to hts brokers aroused his
suspicious. He endeavored to induce their
return to the pool movement, and spent
Tuesday evening at an uptown hotel vainly
urging a restoration OF good faith On Wednesday
morning he renewed his entreaes at the offices OF
the parties down town; but they still refused to
undo their work. and the collapse ensued almost
immediately. It seems that Ill feeling had existed
for some time between the leading operator and his
contederates, owing to q previous transaction. In
which he had broken faith-the speculation at that
time being Northwestern. But differences were
temporarily healed and the movement IN Rock
Island begun, only to result In the application to
himself OF the tactics which he had used in the North
western movement. The law courts are now busy
with applications for injunctlons from the various
firms involved In the Rock Island dasco. meeting
OF the various creditors will be held tomorrow after
noon to take steps for settlement OF their Claims
Meantime, as already stated, the principal operator
above referred to has expressed his willingness to
settle, at fifty cents on the dollar. such claims as
exist against him personally by reason OF
his Individual contracts for the delivery OF
stock on "putsr Otherwise he holds the members
or the pool jointly responsible with himself Tor the
losses occurring from the general failure The
shock produced by the panic Is not yet over, and
the market this afternoon underwent counter
reaction from the first calm succeeding the storm OF
wednesday. The street Is entirely dtspirited and
has lost all hope of sufficient revival OF "Dull en-
tnusiasm to change the current In the direction OF
higher prices the remainder OF the summer. Had
in the year-in the spring months for instance-a
fresh speculation for the rise might be successfully
reorpanized But the time Is too short and the pc
Neutrality-suspicious. calculated to encourage such
an undertaking. The cques who are as yet inte-
rested I'm the market casting about them for the
means OF getting out, and something OF their
manGuvres might be traced In the alternate
strength and weakness Of the past TWO days.
The utter dissemination OF the public to
enlist In a .'Dulln market again this summer
has aroused these ciques to the necessity OF taking
care OF themselves before the advent OF the fall
strinpency in money. Hence the market is under
going a nursing process, by which it Is rendered
occasionally strong order to receive their sales OF
stock But It's drift Is steadily to lower prices, their
interference being applied only when 1t Is necessary
To preyent the decline from becoming too rapid ana
fatal therefore to the successful disbur-
aenment OF their load. They held the mar.
yet with considerable success during most OF
today, but ON endeavoring TO sell when they be-
,ieved they had It nrm It gave way, and toward the
close broke down quite seriously, al VIII be seen
Inv an inspection Of the comparative table below.
The leading feature in the decline was Hannibal
and st. Joseph, which fell between hve and SIX per
cent. Lake shore declined TWO per cent, Northwest
two per cent Wabash Two per cent, Ohio and MIS-.
s,ssippi two per cent, Rock Island Two per cent,
New York Central one per cent, and the general
market Am average OF about one and q half per cent
HIGHEST AND LOWEST PRICES.
The following table shows the highest and lowest
,r,ces M the principal stocks during the day.
Highest Lotcsst
New York Central consolidated..... Ts. S9.s