The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1871-01-24
GOVERNMENTS STEADY.

The government list was extremely steady and
without speculative movement The lower price Of
gold and % trining decline in the ;o2's Mt London,
which came q sixteenth lower, led to o rather
heavier feeling In some OF the issues, but
the market at the cose was strong nc the fol-
lowing quo,ations-Unitcd States currency slxes
1i0S 11014; 40. SKIES, 1881, registered, 10Y
Ill; do. do, coupon, 1lo1S Ill; do. FIVE
twentles, registered, May and November, 10SA
100; do. do, ISt2, coupon, do, 1925 q l08h
do do 1864. do. do, 1oSX 100; do. do, 1888, do
do, loSX q 100; do. do, registered. January and
July, 1919 1CsA; do. do, 1885, coupon. do. 1o7A
los; do. do, 1907, 40. do, 1885, 1OsK; do. do,
1888, do. do, 1888 10sa4; do ten-fortes regis
tered. 1855 1oSh; do. do. coupon. 108h 1851.
THE STOCK MARKET BuoYANT AND ACTIVE.
The rising tide at the Stock Exchange was the
real feature or the Wall street markets to-day. The
check to the upward movement noticed on Satur-
day prevailed TO some extent this forenoon, owing
further sales OF Reading tor the account Of
some small houses who were unable to fulfil their
contracts. The field OF action being finally c.eared
OF the debris OF this affair, the market asserted its
natural tendency under the present low
price Of money, the rates on call being, in
most instances, far below the returns from
the dividend paying stocks. Moreover, the market
is moving with the recol from the abnormal depres
sion which existed last December, when the public
mind was bewildered by highly colored pictures and
prophecies OF the widespread ruin and desolation
that were to follow the then impending panic We
warned the public at the time that prices were on
"hard.pan," and the present remarkable rise and
buoyancy confirm the wisdom OF our views. The
wild onslaught upon stocks last month was simply
desperate sortle of the Spectators who moved
every power on Earth TO frghten the public into
parting with their investments. Not that
the present upward turn is free Of specu-
the organization of "pool i'll this and that stock
But II Is the season when capital il abundant for
temporary use ana hence it naturally finds Its way
int such securities promise the best rates Of in
terest pending the interval TO the time when money
shall he again in request for enterprises which
promise still higher rates OF interest than are ar
forded In the current features of the share list at the
Stock Exchange. In tracing the remarkable rise OF
to-day we find the dividend paying stocks the more
buoyant ones On the other hand, the exceptions to
| the rise were stocks which In one instance
| paid no dividend for many years, and IN another
where dividends were begun only last summer, but
| under circumstances which throw some doubt upon
the fact that such dividend had been really earned
In other instances the rise is based upon Increased
earnings, which create the prospect OF early divi-
dends although none have as yet ocen made. Gear
common sense In directing investments In Wall
| street will make money there as easily as in any
other place. Timldlty the hand or reckless
ness on the other viii soon scatter the largest for
| tune.
HIGHEST AND LOWEST PRICES.
| The following table shows the highest and lowest
prices of the leading active stocks during the day.: