The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1871-11-03

THE GOVERNMENT SALE OF GOLD.
The government sold the first inssalment OF gold
under the November programme. Tne amount
offered was 100000 and the bids received were
for total OF $5,O55,6 COS, at prices ranging from
nO.56 to 1l2ls The million was sold at 1l2.1
111.061. fH Nt
GOVERNMENTS HIGHER AND STRONG.
The government list, as usual after interest day,
was strong on the reinvcstment OF coupons and
prices improved about Y per cent-a large advance
In enc day for this department OF Wall street. The
'6Ts were quite scarce for to-day's deliveries,
and q ''corner' was made By parties oper.
anng for Q rise. The bonds loaned snat, +"
and In some cases were reported 70 have been
worth q consideration OF II per cent Their price,
regular way, advanced about 4 per cent The fol-
lowing the closing street quotations United
States currency SKIES nix lI1x; do. do, 1881,
registered, ITO 116k; do. do, coupon III I17H;
do nve-twentes, registered, May and November
1li1 NIX; do. do, 1867. COUPON do, nix
111sl; do. do, 1864 40. do, 11is nix; do. do.
1885, do. do, 1l1X l12H; do. do, registered.
January and July, 113X 1141<; do do, 1896,
coupon, 40, 1is2s ia; do do, 1907, do. do,
1l4h a-1l411; do. do, 1858, do. do, 1l3X q ia;
do. ten-orties, registered, 1908 l03X; 40. DO,
coupon, looA 1921. s..4l .-,tt.
STOCKS DULL AND UNSETTLED.
The stock market opened with great buoyarcy
led by Lake shore and Rock Island, which ad-
vanced, tho former 1Ol and the latter to l0l n.
The business however, was still restricted TO the
execution OF clique orders, and The rise was re-
garded with indifference. During the day 1t trans
pred that the Pitsburg Railroad had been leased IN
pcrpetuity 10 the Pennsylvania Railroad at the rate
OF ten per cent upon Its present capital stock The
fact OF lease as ade known In the shape OF aprc
amDle to proxies circulated by leading brokerage
firm asking endorsement OF their proposition TO
tnereupon seven per cent guar Interest. In
stead of ten per cent on seven millions. TIE pre-.
amble at the head OF these proxies reads ~ fol-
lows rf s5.fH 4s4 III etsls t Fl
Whereas the Cleveland and Plttsburg Railroad
Company and tie Pennsylvania Railroad Company
have entered into contract OF lease LOT period u
which the pennsylvania Railroad CompanI, as
lessee, takes possession OF the Cleveland and Pitts
terms or said lease being that the Pennsyiva:.
m no nesdu FOR the interest on the bonded ob
cations as they accrue from the said lst day Of De-
cembcr, and as they mature from ume 70 Time
manner set forth in said lease ana also that the
said PonnsylvaDia Railroad COMPANY shall provide
Company . rental or dividend iund, which shaIl be
equal to ten per cent per annum upon the existing
cav o New York clear q taxes ami in the
proyId ed and forth IN the lease oi the PtsDig
Fort Wayuc ana nlCA2o hauWay W sho IShusyr
JANA r. Iilroad Company said rental Ueng equiva-
lent 10 per cent clear OF taxes upon xA4z 10
for each flo0 OF the existing capital STOCK DO
In other words present holders Of Plttsburg stock
may elect to receive ten per cent In quarterly divi
dends ON their stock a. It stands, or they may
vote themselves a. ssleo shares for each loo shares
and receive seven per cent In quarterly dividends on
1.a as 100 shares Of the proposed enlarged capital
1he pricc Of the shares advanced 70 127 per cent
equal to S03 90 per share, Pttsburg being what II
Known as .'nalf stock'p. The rest Of the market
became weak lac In the afternoon and lost nearly all
tho Improvement Of the morning. Hannibal ana
81. Joseph advanced to sSk. -Ne
HIGHEST AND LOWEST PRICRs. 5000
The following table shows the highest and lowest
nr,ces Of the principal stocks during the day