The New York herald., 1872-12-11

marEet and the inquiry on the part Of the railroad

msrKet and the inquiry on the part OF the railroad
companies has fallen of. because there Is now no
advantage in an exchange OF them for railroad
bonds The Missours were heavy and the gene
raj list steady closing as follOws:-Tennessee,
ex coupon, 81 s1Is; do. new, soK . slh;
Virginia, ex coupon, Al so; do registered
stock, Old 80 a AZ; do. skies, consolidated bonds,
55a a So; do. skies, deferred scrip, 15k 10;
Georgia sixes 10 q 80; do. sevens, 8S 90; North
Carolina ex coupon, 34h 80; do to North Carolina
Railroad, so 56; do, funding, 1866. 81 q 80; do.
do, 186S 25 %; do, new, q %; do, special tax,
IA 14S; Missouri skies, 95 95h; do. Hannibal
and st. Joseph, 90 %; Louisiana sixes, so q 55;
do, new. so 55; do. leyee skies, So 90; do. do.
eights, 70 80; do. do. eights 1875, 10 o 80; Ala
bama fves, 55 90; do. eights, so s3 South Caro-
lima skies, so 55; do, new January and July 23s<
a 24s; do. do April and October, IS a %; Arkan-
sas skies, funded, 45 q so.
GOVERNMENTS LOWER.
The government list declined in sympathy with
the decline in the gold premium, but in less proper
tIon the 67's selling at rs low as 118 The currency
skies were, ON the contrary, steady and nrmer
The following were the closing quotations limited
States currency skies, lllN 1l25 do. skies. 1881.
registered, 1l31a ll3A; do. do. coupon, l17ka
1l7s<; do fve-twenties. registered, May and N0vem-
ber 113h 113T; do. do, 1852 coupon, do, l13h .
113,t; do. do, 1854, do. do, 113 118H; do. do,
1866 do. do, 118 ll31s; do. do 1867, registered.
January and July, 1929 1l2% do de-, 1885, coupon.
do. 115h 115x; do. do. 1867. do do l1Gh
116H; do. do, 1868, do. do, 1l8 q 1lo&; do. ten
forties, registered, 1929! l09x do. do, coupon,
1OsI 10sk; do. fves OF 1881, registered, HOY
1ll1a; do. do, coupon, 1lOk l11k.
STOCKS FEyERIsH AND STRONG.
The stock market was feverish and to some ex-
tent irregular but was mostly hrm, and eventually
experienced an Improvement in Its quotations. A
sort OF see-saw between Hannibal and st. Joseph,
which went up to 44h. and Pacific Mail, which
went down to TAN, had the general market for
'candlestick," with, consequently narrower nuc-
tuations for such stocks as were most removed
from sympathy with the gymnastic performers at
either end Of the log. The decline in Pacific Mall
was an astonishing piece Of good luck to the
"bear'' clique, headed by President Stockwel with
whom the work Of depressing the stock had got to
be quite serious business threatening, as 1t did,
to enguf Mr.. Stockwell In tho predicament so
familiar to
HIS LATEST ALLY,
Henry N. Smith-viz., an overwhelming abundance
of contracts to deliver shares not in his posses
sion. But while this matter was absorbing the
concentrated attention OF the giant intellect or the
clique along comes the twofold disaster to the
Pacific Mail Of the loss OF the Sacramento-one Of
the best steamers OF the line--and the accident to
the Orizaba. The difficulty was solved. The stock,
which closed yesterday at 791S, tumbled this morn.
ing to 743s the great crowd Of SPECTATORS who
had begun at last to find out the real drift OF the
operations Of the pool going short Of it In hopes Of
catching some Of the profit of the remainder OF the
decline. But calculations OF this latter nature
doomed to serious confusion late in the after
noon, for the price suddenly ran up to z9k again,
closing at the
HIGHEST Of THE DAY.
Naturally this advance occasioned profound won.
der, as will the whole Pacific Mail movement until
the pool decide when to begin to retrace their
steps. The street Is beginning to allow Mr.. Stock
we'll much more skill than he was originally cred
tied with, but his success Is marred by the incon-
sistency not to say unarness, with which his spec
ulations have been conducted, particularly In the
matter Of robbing his enemies OF their tactics OF
locking up money and causing embarrassment and
trouble In the money market After Pacific Mail
the street was occupied with the evoutions Of Han.
nibal and st. Joseph which went up So per cent
for the common stock, while the preferred ad-
vanced to o.. The sudden
IMPROVEMENT OF OVER TEN PER CENT
In these shares the past few days Is due to the
preparation and successful accomplishment OF a
coup detdt In the Presidency, la Erie last Spring.
by which Henry N. Smith was ousted from the
chief executive OF the company and restored to
the ranks of the directory. The new Board, as at
present constituted, got rid Of jay Gould last
month by the operation Of o law Of the State OF
Missouri compelling a director who ceases to be
stockh0lder OF record to vacate his Office In the
meantime Mr.. Smith had held over as the former
President OF the road, and doubtless fancied he
was to enjoy the honor for another year at least
But to-day the directors came together on brief
notice. elected Alderman jenkins Van SchaIck
temporary Chairman and proceeded to ballot for
officers. The consequence was the
REMOVAL or SMITH
and the election in his stead Of E. s. Higgins 'the
carpet man." and the selection OF John P. Acker
for Assistant Treasurer and Fiscal Agent, to whom
Smith soon alter turned over the company's books
and papers. The other officers Of the road were
reelected. Rock Island declined 1h per cent to
112K, and Erie fell Off with the London market.
For the rest of the list better prices or steady
market prevailed, the ingl0rous inactivity Of
Northwestern being exemplfed in single trans
action at 81. The Harlem Railroad Company have
declared . dividend Of per cent cash, payable
January 2, 1873 the transfer books closing Decem-
Der 20 and reopenlng January g. The stock was
quiet at III 117h.
HIGHEST AND LOWEST PRICES
The following table shows the highest and lowest
prices OF the principal stocks during the day.
Highest Lo,cest.