The New York herald., 1871-05-05


The European steamers took out no specie The
only shipment was by the MORO Castle for Havana,
which was nomnal-S12 13s.
GOVERNMENTS LOWER.
The government list was q fraction lower but
steady II not strong at the scale OF prices. Con-
sderng the greater ease in money the change
is not readily accounted for unless on tho
hypothesis that the efforts OF the government
to refund the debt into bond bearing a
lower rate of interest inducing gradual reaza-
tion on the part OF holders with view to invest
mcnt in securities Offering the attraction OF q
higher rate OF interest. The following were the
closing street prices:-Unted States currency sxes
1l5k l15%; do slxes 1851, registered, 1867 H.
do. do, coupon 1863 III; do. vetwenties regis
tered, May and November llO7s Ill; do
do, 1862 coupon, do, 1lO76 a III; do. Co.,
1864, do do 1l0X Ill; do. do, 1865, do.
do, 11oT Ill; do do. registered, Janu-
ary and July, 1l3 q ll34; do. do, 1855, cou-
pom, do. 1875 113t4; do. do 1867, do. do, 113A
113X; do. do, 1868, do. do, l131s q 113<; do.
ten-Iortes, registered, l0sa 100; do. do, coupon
1905 l09x.
STOCKS STRONG AND BUoYANT
The stock market, after considerable dulness and
irregularlty In the morning and during the earlier
portion Of the afternoon, gradually grew strong, and
toward the close assumed decidedly buoyant tone,
giving marked indication OF u renewal Of operations
tion for higher prices Whatever the real reason OF
the recent prolonged lull-and there are many who
theorize that the clques were ondeavoring to test
the temper or the street preliminary to
embarking upon fresh movement to include
the summer months-it served to show that the
cnques jealousy watched by the public, who
have 'Iearned thing or twO' about speculation,
and are unwilling TO come In when the cliques are
willing TO go out. The reconnaissance had doubt
roa, N in fhn tInar nf
the puoc and secondly, to forecast the future OF the
monetary situation. On the first point the clilues
were doubtless satisfied that any attempt unload
would precipitate q decline more dangerous
to themselves than to the punlc, inasmuch
as they hold the leading speculative stocks !
in large blocks, the sudden depreciation
Of which would be runous. On the second point
they gained the assurance that with money now !
Offering at six per cent for sixty days to months,
1t would not be difficult matter TO procure the /
sinews of war with which to prosecute vigorous
summer campaign. The recent period OF dulness
stimulated, as 1t always does, the formation OF |
large short interest sufficient at least TO give the
market q good ''send-on' on a fresh rise Hence, |
despite the naturally ''bearish" character OF
the weather to-day the tone or the Stock Exchange
gradually became cheerful, and the revived interest
in the market was such that dealings were prose-
cuted until late hour on the sidewalk, In the teem-
success OF the 'bul, ciques in renvestlng the mar
ket with fresh attractions after 1t has advanced to
Its present stage of prices, viii depend on the bold
ness Of their own efforts. The public. however. are
still as watchful as ever, and the race to unload
when the time comes for reversing the current OF
speculation viii find them as vigilant as
the cllques The upward movement was more
especially marked in Rock Island Reading
Lake shore, Ohio and Mississippi. Wabash, Erie and
New York Central. The advance In Rock Island
seemed based the exchange for 1t OF North |
western common by the clique, share for share.
Reading was very naturally responsive to the antci-
pated settlement OF the troubles at the coal mines.
Erie which Is always tow to the dame OF specula-
ton, ran up 23ss, the idea shat the surrender
OF the books OF the company by Jay Gould means an
end to all irregularities In the matter OF new
stock, convertible bonds and the like.
HIGHEST AND LOWEST PIECES.
The following table shows the highest and lowest |
prices OF the principal stocks during the day.
Highest. Lotcest. |
New York Central consolidated..... eoA gss
New York Central scrip. .........s... g's sos I
E~n ................. 2s% 2ix