The New York herald., 1872-11-13


the previous day. The highest rate on cali was
u tn addition 70 per cent, the market relaxing
TO plain seven per cent by ten minutes OF three
O'Clock, although some late borrowers who came
out after the close Of banking hours paid as high
ae Lilo again for the balances they needed. The
Boston IRE, by causing sudden demand upon our
merchants for goods to replensh the stocks of the
extempOrized places Of business In Boston, 10
likely to cause now Of money from the Boston
banks to the New York banks, and thereby onset
any Ill result from our anticipated specie shipments
10 London. The Boston merchants have exchanged
their stocks OF goods for money to be paid them
by their insurance corporations, and are coming
to US the readiest market to supply their needs
Chicago after the IRE came to ask new credit and
and an extension Of old credit; Boston pays US
cash, or its equivalent
GOVERNMENTS FIRM.
The government bond market was higher with
the generally better feeling in the street and the
advance In the London quotations, and closed nrm
at the Improvement as follows, the currency skies
being exceptionally dull and neglected:-Unlted
States currency skies, 1l3 113K; do. do, 1881,
registered, 1142I 116H; do. do, coupon. 116h
1l6X; do. nve-twenties, registered, May and No
vember 112 a 1924; do. do, 1852, coupon, do,
112 a 1121+; do. do, 1884, do do, 112 1924;
do. do, 1856, do. do, 112N l12x; do. do, 1857,
registered January and July. 114h l14A; do. do,
1896, coupon, do, 1l4H l14x; do. do. 1867, do.
do, 115 q 1l5k; do. do, 1868, do do, 1141 1l5;
do. ten-forties registered, 107H 1918; do. do,
coupon, lo7A o 1Os; do. fves Of 1881, registered,
1091z ITO; do. do, coupon, 1ooH ITO.
SOUTHERN SECURITIES FRMER
There was frmer tone to the market for the
Southern State bonds and rally OF about one per
cent in the new South Car0linas. The Virginias
were strong and active upon large orders from
Baltimore. The following were the closing quo
tations:-Tennessee, ex coupon, 74A AK; do,
new, TAX q TAX; Virginia, ex coupon, 40 o 80;
do, registered STOCK, old, 3S AZ; do skies,
consolidated ponds, b4A IS; do. do, deferred
scrip, 161S 18 Georgia slxes, 10 IS; do. sevens,
81 90; North Carolina, ex coupon, "a 35; do. to
North Carolina Railroad, 40 4s; do. funding, 1860,
20 80; do do, 1858, "a %: do. new, q 2s; do.
special tax, 1s 49, Missouri skies, o2A e314; do
Hannibal and st. Joseph, 81 92; Louisiana skies,
so 6s; do, new, 40 IS; do levee skies, so 6S;
do. do eights, 10 Is; 90. do eights, 1876 70 Is;
Alabama ives, So o 62; do. eights, 80 s5; South
Carolina skies, 80 a So; do, new January and July
2SA o 241a; do. do April and october, "a 20; Ar
kansas skies, funded, As 80.
BUoYANT STOCK MARKET.
There was further and considerable advance
in the stock market, and prices show rise rang.
ing from one to four and half per cent as COM
pared with the quotations at the close Of business
on Monday. In the case Of Northwestern the ad-
vance was to s5 or over one per cent above the
highest point of the season previous to the Boston
fire. Indeed, the sudden and extensive "break"
ON Monday had the erect Of transferring stocks
from weak to strong hands. 1t must be evident
that the buyers In such a crisis could only have
been wealthy operators and investors. Before the
IRE the community were confused and uncertain
as to the merit and values Of the leading active
stocks, and the semi-panic Of Monday has revealed
what are the bottom prices for them. To the
AVERAGE spECULATOR.
the truth is now demonstrated that stocks bought
upon the ordinary margin required by good and
reputable brokers are secure against the obltera-
ton Of that margin 80 long as the country Is safe
from such another shock as that Of the Boston con-
Migration. The figures made for stocks on Monday
are essentially the "hard-pan" OF the market In
view Of the general coincident situation Of our
finances They are the point Of beginning for "the
new departure" In speculation, which was to have
taken place with the result OF the Presidential elec-
ton last week, but was interrupted by the strin-
gcncy of the London market This latter adverse
influence can at most live only few weeks longer,
or until Germsny begins to pay or her war loan,
when the whole world will doubtless be involved
In whirl OF speculation under the stimulus of uni
versally easy and abundant money.
The "break" OF Monday caused two more sus.
pensions to-day, viz. :-Messrs. r. P. Hcrrick and
A. E. Lang, who proved unable to meet their con-
tracts in the stock market.
During the stock excitement yesterday in Phila-
delpha Reading dropped to 11O, but closed this
evening at 11314.
HIGHEST AND LOWEST PRICES.
rp,o foun fahl oI,o no