The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-01-18
GOVERNMENTS STRONG.


Currency balances. ACKNOWLEDGEMENTS. 2OSS,72S
GOVERNMENTS STRONG.
The irmer tone OF the gold market and an i'm.
provement of u 4 per cent in the London quota.
lions OF fve-twenties induced stronger tone in the
government list, but without impartng activity
the investment interest being diverted TO other de-
partments or the STOCK Exchange by the probabili-
ties OF o general refundinR OF the debt. The
following were the closing street prices this
evening:-United States currency sixes 1l5,s
116H; do. skies, 1884, registered, 114l 114.; do.
DO. coupon, 1851 l151s; do. fve-twentles, regis.
tered, May and November, ITO a 11oH; do do,
1852. coupon. do, 11Os 1101; do. do, 1864 do do
11OH 1lO4; do. de-, 1865, do do, l111I 111T;
do. DO, 1861 registered, January and July. 1l1H
l11K; do. do, 1865 coupon DO, ll0h 1907; do.
DO, 1857 DO. do 112 112h; do. do 1868. DO. do,
112K 1123s; DO nves OF 1881, funded, registered.
ex interest, 1OSA 100; do do. do. coupon, 1927
11oK do. ten-forties, registered lO9h 1ooK; do.
do, coupon. ITO 1lOI.
SOUTHERN SECURITIES STRONG.
The Southern LIST was strong, with a considerable
advance in the new South CarOlinas and further
improvement in the Tennessees. The prospect OF q
snew DEPARTURE In South Carolina finances, under
the auspices OF tho Union Trust Company, has
suddenly revived speculative interest In the States
securities with the erect to-day OF advancing the
ON the action OF the Governor In vetong the legis
lative resolution for the payment OF the State debt
in currency, which measure being annulled.
thereby, the Legislature not having strength
enough to carry 1t over his disapproval the
agents in this city are continuing the
redemption in coin OF such matured bonds as are
presented FOR payment. The Virginias were que.
and steady In the absence of fresh. action on the
funding question. The following were the closiag
n cRs
DO, new, 65A o Co. virginia, ex coupon "a 81;
do, registered stock, old, A 4s; do skies, consoi
dated bonds SIX SO; do. skies deferred scrip.
20 20k; Georgia skies, IS 80 do. sevens so s5
north Carolina, ex COUPON SO a S3h; do. funding,
1885, 20 "a; do. do, 1905 10 %; do, new, 1ea III;
do special tax IL Is; Missouri skies, 96H o.; do,
Hannibal and ST. Joseph, 90 o2K; Louisiana
sixes IS 90; do, new 80 50; do. levee SKIES, 90
| o IS; do do. Fights, 70 30; do. do. eghfs
| 1876 rs so; do. Penitentiary sevens,
| os q TO- do. railroad Fights, 20 80;
| Alabama hves 90 IS; do. eights 90 95; do
! etphts Montgomery and Eufals Railroad, 81 o.:
| South Carolina skies, so a 55 do, new, January
ana July, 27K %; do DO, April and october. "a
20; Arkansas skies, funded, "a o 81.
STOCKS ACTIVE AND UNSETTLED.
The stock market was active and the business Ct
the day the largest recorded in several months. The
orders TO buy were chiefly from out OF town, and the
| various telegraph companies were burdened with
messages from rural spectators to their brokers IN
| the city. This sudden inquiry, coming almost In
| one day. Occasioned great deal OF conf
ment among the dealers at the Stock
! Exchange, and Is generally Interpreted to
mean q lively speculation the ensuing season.
| Very naturally this immense Influx OF orders was
| followed by q rampant market and prices sharply
advanced especially for the stocks more directly
| affected which were Union Pacific, Northwest, st.
| Paul, Wabash, OHIO and Mississippi and Hannibal
and st. Joseph. The greatest advance was In she
| last mentioned which rose from 55H 70 59H, but
fell back to 5esx closing finally at SIX. The other
stocks lust specified advanced an average OF about
| 1x per cent This wide Improvement eiicted
| heavy sales to realize, and the market
late in the afternoon broke down and closed weak
and irregular some Of the strong speciates OF the
| dsy holding good part Of their rise While others
lost all and little besides The reaction was taken
to be so natural that The dealings at the decline
were unattended with excitement or alarm. the
outside interest 30 suddenly excited made market
for many Of the larger holdings Of stock, which
was taken advantage Of by the professional
class of spectators 10 sell upon. INT
majority OF the clique operators are Sill
on the "bull" side, however, and 90 not appear Z
he disconnected by the hasty action Of their con
ne,es in selling ont to-day The events OF the da
offer promise that the immediate future or stock
Is lixely to witness an active speculative move
eut. with violent fluctuations highly profitable tc
those VINO can chit" the market. The director
Of ST. Paul will meet again on saturday to discus
the question of o dividend.
HIGHEST AND LOWEST PRICES.
The following table shows the highest and lowest