The New York herald., 1872-10-30

eichts, 1876, 10 . IS; Alabama aves, 6s a 62; do.
eights, SO So; South Carolina skies, so So; do,
new, January and July, 20 2ol; do. do, April and
October, q q 20; Arkansas sixes funded, As 90.
STOCKS DULL. FEvERisH AND BETTER.
The speculation In the stock market was OF q
still tanner character and the fluctuations OF mar
rover extent There seems to be pause on the
part OF the pool operators which Is due probably to
the temporary absence at the courts OF their pres
ent leading spirit. who is greatly concerned n the
litigation surrounding the so-called Lord Gordon
Gordon. Again, there is q disnclination to take
any bold step while the Pacific Mail speculation is
In 30 uncertain q state. The outsiders had the
marFet TO themselves almost exclusively to-day,
and being swayed by temporary incidents such as
the recurrent
sTRNGENCY AND RELAXATION
In the money market they got up febric move
ment In stocks, with alternating spells OF nrmness
and depression, the eventual result being an I'M
provement however, such as 1t was. its extent
barely exceeding an average OF y u per cent.
In Pacific Mall the fluctuations were OF course,
wider and oftener. The first sale was at 92a prob
ably by some one who had read In the HERALD's
marine news this morning the arrival Of the fourth
steamer of the new British line running between
China and New York. via the Suez Canal, as fol-
lows:-
Steamship Cyphrenes (Br), Fran, Shanghae An
gust II, Foo Choo 18th, Annoy 25th, singapore sep
raltar 18th, with teas, &C., to Punch, Edye & 70.
THE SUGGESTIONS
OF this little item important as Strengthening
what has been already said in the HERALD OF the
folly Of Congress in permitting foreign steamship
company to compete with the last and only I'M
portant American steamship company for trade
which, under diferent auspices, might be made
monopoly or nearly one. The vessel just arrived
has brought teas to our very wharves In the pack
ages as shipped at Shanghae and Annoy. From the
latter port the voyage has been accomplished In
sixty-four days. the shortest trip we believe, Of
this experimental line. BY
THE PACIFIC MAIL ROUTE
the time Is only few days shorter and the freight
charges much larger, owing to the breaking up Of
bulk twice, at Panama and at Aspinwal not to
speak of the greater expense OF the American
bullt vessels which the company are running.
From this nrst sale there was rally to 96h and q
subsequent decline to 90, with closing rally to
04H The next more active features were Lake
Shore and Northwestern, the directors OF which
are represented as friendly to harmonious CO.
operation OF their lines to the exclusion Of Rock
Island, which, on the presentation OF
THE COLD SHOULDER,
went on to 1905, while Northwestern recovered to
s2A. Lake Shore sold at 93sS, receded to 93A
anu ClOSeu ~ Sot4. LTlc WAS slIouS Ill
sympathy with what we must believe
revival Of the speculation in London If
we are allowed to judge by the quotations
coming through the CABLE st. Paul was excep-
tionally heavy and lower. The multiform rumors
about New York Central have fresh accession in
a statement that the Commodore will provide for
the grand double track between New York and
Buffalo. which Is
HIS PET IDEA
by mortgage Of $35, 100000 instead Of issuing the
90 per cent scrip dividend contemplated month
or so since. The proceeds Of this mortgage, which
he believes could be readily negotiated ut per
cent interest and at par in the London market, are
to be devoted, first, TO the retirement OF the out
standing $15,0OO,000 OF debentures and mortgages
now covering the road of the New York Central
and the old Hudson River and, second, to the con-
struction with the remaining s20,OOo,oOO OF the
double double track.
HIGHEST AND LOWEST PRICES.
The following table shows the highest and lowest