The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-06-04

and the calls evoked hardly more than quota
tions the only business of any interest being done
In the new South Carolinas ut IS 34k for the
July bonds. and 80 for the October issues. One
sale OF North Carolinas revealed firm tone in
those bonds. The following were the closing quo
tations tennessee, ex coupon, TN 70; do,
new, 721s 70; Virginia, ex coupon, As a so; do,
registered stock, old, 3s As; do skies, CONSOLE
dated bonds, 54a4 s.; do. skies, deferred scrip, 10
North Carolina, ex coupon, 80 a 81; do, funding,
1896, "a 20; do do, 1858, q %; do,
new, 20 n; do, special tax, lax 10;
Missouri skies, 9ox 96X; do, Hannibal and st.
Joseph Railroad, os% "a; Louisiana skies, 90 a 65;
do, new, So go; do levee skies, SO 81; do do.
eights so SO; do. do. Fights, 1875, SO 81; do,
Penitentary sevens, 60 70; do. railroad Fights, 70
80; Alabama aves, GO a 65; do. eights 81 90; do.
Fights, Montgomery and Enfaula Railroad, IS 90;
South Carolina sxes 50 "a; do, new, January and
july 341S IS; do do, April and October, so a21
Arkansas skies, funded, IS So.
GOVERNMENTS BUOYANT.
The government list was strong and buoyant, in
sympathy with the upward tone in the gold market
and the rum0red acceptance by the British Cabinet
of the Senatorial amendments to the Supplemental
Treaty. The dealings were not large, the market
In this respect sharing the general quiet Of the
street. but the Improvement in prices was distinctly
marked, the 'e7s rising to ll7H and the coupon 1915
to 1901, figures recalling the palmy days of the
great government bond speculation OF 1859, when
the tve-twenties all went above 100 per cent Even
when gold fell Off so suddenly towards the close,
bonds held their own at very near the best point
of the day, the reaction being mere tribe, and
left of follows:-United States currency skies,
114% q 1l4H do do, 1881, registered 1l4ls a
lax; do. do, coupon, 1905 a 12Oh; do, lve-
twenties, registered, May and November, 114s4 q
us; do do, 1862, coupon do, 114a4 115; do. do
1864 do. do, 114A IFS; do. do, 1865, do. do
115h o 1855; do. do, 1867, registered, January
and July, l13S 113X; do. do, 1865, coupon, do,
III a 117S; do. do, 1867, do. do, 117A 117H; ;
do. do, 1868, do. do, 117* a117M; do. ten-for-
ties registered, 111S 111A do. fves Of 1881, regis
tered, 113H 113H do. do, coupon, 1881 113h.
STOCKS QUIET, HIGHER AND STRONG.
The stock market was quiet and dull SO far as
the character Of the days business Is concerned,
but decidedly strong, and prices underwent an i'm
provement, ranging variously from to n per
cent. The operators credited with initiating the
present rise in prices are the solid wealthy gen.
tlemen, designated genericallyn as the Vanderbilt
party and include the numerous scions OF the Com
modore and their friends and adherents. These
operators are among the shrewdest and most expe
quite while, but seem now to be moving in view
of recent developments in the political campaign,
especially those which point to the denomination
OF Grant and Colfx at Philadelphia and the proon-
cation another four years of the debtreducing,
goldseng policy OF the present administration.
With the government reducing the debt at the rate
OF hundred millions year 1t is easy to see that
hundred millions annually Is taken from
investment in government bonds and turned
loose to seek fresh investment, thus fur
nishing O steady stream Of capital from
which Wall street speculations may be
fostered While the money Of the country (paper
is now fully what it was in amount three years ago.
the administration Of General Grant has contracted
government bonds to the extent of three hundred
millions. His denomination land re-electon) would
therefore be equivalent to the introduction OF about
five hundred millions more of capital into the chan
nels of the money market during the interval
hence to the close Of his second term. The
movement is begun, 1t is true, when the tide
on the Stock Exchange Is already very high and
likely in the ordinary way to recede and leave new
enterprises stranded for an indefinite time. but the
Vanderbilt specialties are undoubtedly below the
parallel of the numerous 'iancy" stocks so highly
inflated, and therefore offer the temptation for
speculation Next to the Vanderbilt stocks the ia
vortes Of Mr.. Drew were exceedingly strong, Quick
silver touching 3S and the preferred 48, wabash 764
and Northwestern 755s New Jersey Central sold at
11OH and Lackawanna at los. The principal rise
was in Erie, which advanced to 6e7S in sympathy
with q sudden improvement in London. Harlem
was exceptionally weak and dropped or to 12o1a.
HIGHEST AND LOWEST PRICES.
The following table shows the highest and lowest