The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1871-06-20

| fluctuations OF the day are shown IN the table,
10 A. M............Li22s 2P M.......".".Il2h
| 1l:l5 A. M..........112S r. NJ. .l2H
u NJ. ...s.........ll2h $3.50 P. ....1l2's ll21s
! In the gold loan market the rates ranged from
! per cent for carrying to nat for borrowing. Tho
operations Of the Gold Exchange Bank were as fol-
| lows
Gold cleared. SIS, 295 900
Gold balances. 75695o
! Currency balances OBSERVATION-DISCLOSURES. So3,8o1
The specie engagement Tor tomorrow IL reported
| to be $500, 900.
GOVERNMENTS STEADY AND FIRM.
| The government list was firm, steady and dull.
The closing street quotations were as follows
| United States currency sixes ll54 1l51s; do.
| DO, 1884, registered, 114s a ll47s; do. do,
coupon, l17% a 1174; do. fye-twenties, regis
tered, May and November, 11214 1924; do.
do, 1902 coupon, do, 1l24 l12as; do. do, 1864,
do. do, 1928 1l23S; do. do 1861, do do, 1l2L
l1oas; do. do, registered January and July, 1l1ls
1113s; do. do, 1866 coupon, do, 1143s a l1tal;
do. do, 1867, DO. d. has. 1li24 do. do. 1853,
do. do, 11414 q us; do. ten-forties registered
, no.. l1o4; do. do, coupon, 1lo3. lloA.
THE NEW LOAN.
The additional subscriptions to the new loan to.
day were $40, o00, making the total subscriptions
and conversions to date $50, SOL, 651.
TIE following were the United States Treasury
balances ct close OF business this afternoon:-
Currency, $i,S9l.0oo; CON- $S?,2l3,o O0 Tho out
| standing coin certificates amount to $162cS, 900.
SOUTHERN SECURITIES DULL.
| The Southern list was quite dun. The Tennessees
opened steady, but fell or fraction at the last
| board. The North Carolina special tax bonds were
| in demand at higher prices The marker closed
quiet with the following street prlces:-Tennessee,
eX coupon, 72gS 70; do new, 72zs 70; Virginias,
ex coupon 67l 50; do, new, Is 1875 do, regis.
tore nj n U. RIO OF 10
sevens, 92}4 93ta; North Carolina, coupon, Al q
Az DO funding, 1868, SO 37 do do, 1885, 81 SO;
do. new, q 277s; do special tax, 205 II; Missouri
skies. 9sh 961s; do. Hannibal and st. Joseph 90 o
s5tS; Louisiana sixes 60 70 do. new, 63s 65; do.
levee skies, 70 10; do. Fights IS a SO; do Penten.
tiary sevens, 80 10; do. Railroad eights, IS IS;
Alabama fves, 70 a IS; do. ei2hts. 102 1o3h; do.
Railroad Fights, 95 10o South Carolina sixes 70
so; do. new. January ana July, e21s o 80; do do,
| April and october, 81 61js; Arkansas siXes SO y
| 60; do. sevens, 55 q 60.
| STOCKS STRONG AND MORE ACTIVE.
| The stock market was strong and rather more
| active in sympathy with an advance ana heavy
dealings In Rock Island and Lake Shore which were
taken In hand afresh by their ciques with view to
exercising the fatal inactivity into which the Stock
Exchange Is settling. The cliqdes had the market
| 10 themsclves-ln fact, Of the orders executed
! during the day not one In ten came
| was advanced to 124A In the Long
Room b. dint Of hard labor. Afterward advantage
was taken Of the usual thin market the sidewalk
late in the evening to put the price to 1851, which
was done by the purchase OF a few hundred shares.
The desperation Of the cliques win doubtless lead to
some wild man9uvres to get rid of their stock, but
the public doing nothing. and, knowing the sua-
ton, will not be likely anything to help them,
ont OF their difficulties. The clques buy
|
up all winter and spring in expectation OF finding
ready market at high prices in summer But tho
public have learned to speculate-or at least, they
know enough not to buy when the cliques wish to
sell. Should the public turn the tables on the
ciques 1t Will not be the first time that professionals
hav been losers OF their own game. The other day,
at Jerome Park all the favorltes were beaten
and the professional turtles were heavy losers.
During the saratoga races Of 1865 the fact on
record that the amateur sDortsmcn the green.
horns" were heavy winners, while the regular pro-
fesslonal betters were enormous losers. During
this famous race week an ex-nember Of Congress
was reported to have lost over 100000. There
| are doubtless some stocks on the list which
are not dear, but certainly there are none
| that are cheap. The investor who is seek
| Ing bargain will have TO look elsewhere
| than in the active list OF stocks propped
| up as they are by the cliques In the mlscel-
| laneouS shares western Union Telegraph advanced
| to COZ. The coal stocks were heavy, weak ana
! lower. The question OF the tax on the New YORK
Central scrip dividend has been at length settled by
| a compromise. The Secretary OF the Treasury
I agrees to exempt much OF the scrip dividend as
represents earnings previous to the passage Of the
| Internal Revenue law. The committee OF arDi-
tration, composed OF auditor representing
| the government and another representing the road,
| viii make an examination OF the accounts OF tho
/ company to ascertain how much OF the dividend
should be credited to the period or time since the
law went into force thereby making 1t liable to the
imposition OF the tax. 1t Is suggested that the ar.
| lem Railroad Company should postpone their
intended sale OF 10000 shares Of stock to Friday
next, In order that the brokers' who are 30 largely
interested In yachting matters may have ample op-
] portunity TO witness the regatta on Thursday,
which day Is at present fixed for the sale Of the Har
| lem shares.
| HIGHEST AND LOWEST PRICES.
| The following table shows the highest and lowest
| prices Of the principal stocks during the day:
Highest. Loirest.
| New York Central cons0lidated..... sSs4 9oss
New York Central scrip. ............. s3,s 93
Ere. .......s.......'.......s. oo5A Sots
| Reading. ............. ."...llIT III
lake Snore .................115ia l14h
wabash. ..........,sss.......'....s OLA Ola
Plttsbufg. ..,,.......--- .siW iva
orthwestern. ...................... 7ss TX
Northwestern preferred. wa w
Rock Island ......................1251s 123lI
81 Paul. ...'.........'.......' od,t 81.
ST. Paul preferred. Boa IVA
Ohio and Mississippi. ................ as 46e.
u.