The New York herald., 1872-10-10

che che as Uon "a Sss s so: re ss ism
Chic y NwiT esd c Fs'is Mn y. Is: ST. M ss g.
THE oITY BANK STOCKS.
The following were the bids for the city bank
shsres:-New York, 1s2; Manhattan, 100; Mer-
chants ll5k City, 26s Phenix, lol Tradesmen's,
las; Gallatin National. lis; Merchants Exchange,
92h; State OF New York. Ill; Commerce. li0;
Mercantile, 1927; American Exchange, 114h; Chat
ham, $50; Hanover, 0l; Irving, 1877; Metropolitan,
1873; Market 125; Corn Exchange, 1881 st. Nicholas,
113; Marine, 1876; Commonwealth, "a; Importers
and Traders, 1893; Manufacturers and Merchants.
100; New York National Exchange, OF; Fourth
National, no; Tenth National 80; Oriental, 17o;
Gold Exchange, l10; Bankers and Brokers' Asso-
citation. so; German American, 1o2X.
SOUTHERN SECURITIES STRONG.
The triumph OF the administration party in Penn
syivania occasoned active inquiry for tho lead
ing Southern State bonds, particularly the Geor-
gias, virgnas and South Carolinas prices Of which
advanced u per cent. There was also
better feeling in the Tennessees. but not SO con-
spicuous an Improvement. 1t is difficult to say
why the result In Pennsylvania should have this
effect unless on the hypothesis that there arc now
less chances Of the defeat OF the republican party In
the Southern States and less prospect of repudia-
tOn Of the bonds Issued since the reconstruction OF
the Southern State governments.
REPUTATION
for any reason being fatal to the credit OF any
state guilty OF 1T. The following were the closing
quotations Tennessee ex coupon, 72K 72H;
do. new, 721 a72R; Virginia, ex coupon, AN 80;
do, registered stock, Old, 38 AZ; do, skies, con-
solidated bonds, 6OK a 81; do, skies, deferred
scrip, 15 10; Georgia skies, IA II; do, sevens,
SO a Ss; North Carolina ex coupon, 80 "a; do. to
North Carolina Railroad, A 4s; do, funding, 1855,
20 o "a; do, do, 1868, 20 a 20; do, new, Is 20;
do, special tax, 10 IA; Missouri skies. 02A a
92h; do, Hannibal and st. Joseph, 89H 0Ok;
Louisiana skies, SO O GO; do., new, 40 65; do
levee sxes so o 60; do. do. elghts, 10 7S; do do
eights, 1876 70 IS; Alabama fves, SO . e3;
do. eights. so a 85; South Carolina skies, As Sc;
do, new, January and July, 23Z "a; do do, April
and October, rs 20h; Arkansas SKIES, funded, as
a So.
STOCKS ACTIVE, HIGHER AND STRONG.
The sweeping victory Of the administration party
in Pennsylvania gave free rein to the bulllsh
sentiment OF the dealers and spectators at the
Stock Exchange, and impaired SO strong an i'm
pulse to the upward movement in prices that quo
tati0ns show for the day an Improvement avcrag-
ing nearly two per cent, the rise In some instances
being nearly three per cent The future OF the
bulsh side OF the speculation seems unObscured
BY the smallest cloud now that the result in Penn
sylvania assures the reelection OF Greneral Grant
and the present administration, and gives
promise Of
FOUR YEARS MORE
OF the debt-reducing bOnd-buyng moncy-dsburs
Ing, gold-selling policy which has characterized
the past three years and half of the regning adj
ministration. Since General Grant became Presl-
dent he has reduced the floating investments OF
Wall street and OF the country over three hundred
and nfty million dollars by buying In that amount
OF bonds, the money for which has gone back to
keep up speculation and activity in other securities
and Investments. His reelection means, there
fore, another four years of disbursements
of money and buying OF bonds, equivalent In their
results to constant new issues of paper money and
just likely to maintain the buoyancy OF specula-
ton. Indeed the
INTERVAL TO NEXT SUMMER
is likely to witness revival and reenactment OF
the excitement and scenes Of the famous specula-
tive mania OF the Winter and Spring Of 1s6s-6s and
Spring and Summer of1s8s following the trst elec-
tlon and the Inauguration Of General Grant, when
Rock Island sold at 142 Lake Shore at 100, North
west at 96, wabash at 81 and other shares at pro-
portionate advance. The groundswell OF the
prophesied repetition OF this era OF speculative
element was felt in the sudden rise Of everything
to-day and the elimination Of the last OF the
SPARTAN BAND OF 'BEARsn
who dared to remain on the sshortv side OF the &C.
count after the Treasury operations on Monday
last. The new pool in Pacific Mail adj
vanced their speciality to S3I, and pinned
1t at S3 to the close. 1t Is said that
the combination procured ''put" from the Presi-
dent OF the company for an enormous number OF
shares, and, with this security against his unload
ing his stock upon them, engine cred the present
RISE Western Union advanced to 74H on the
presentation to the stockholders to-day OF a very
favorable report OF operations for the past year.
The result OF the annual meeting and election to-
day, and synopsis OF the report, are given in an
adjoining column. Toward the close there was a
little reaction in the general market, but the de.
cline was not important, and hardly exceeded y
u per cent. except for st. Paul, which re-
ceded u per cent. Harlem advanced to 113k.
HIGHEST AND LOWEST PRICES.
The following table shows the highest and lowest
prices OF the principal stocks during the day
HIGHEST Lo,cest