The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-03-28
HERALD THURSDAY, ls72-TRIPLE SHEET.
a2s, Msrcnsnrs, exchange, o.; seventh

Greenwich, 226; HercnAntS EAcnange, W. Sevcntu
Ward, l0l; State Of New York, lla; Commerce.
ll7z; Mechanics Banking Association, ITO; Mer-
camille. 12e; American Exchange, 115H; Bank
of the Republic, lis; Hanover. 102H; Irving, 1917
Metropolitan, 14o; Market 1875; Nassau. 1o6; Shoe
and Leather, 800; Continental. o4az; St. Nicholas
ll3; Marine 1876; Commonwealth, 81; Importers ana
Traders', l7s; PARK, 1885, New York National Ex'
change, o.; Central National, 1olZ; Ninth Ma
tienaL 100; Tenth National 75; Oriental, 100;
Bankers and Brokers' Association, 90; German
American. 1o6k.
With reference to quotations for the above stocks,
as well for all securities dealt IN at the New YORK
Stock Exchange, IL should be borne In mind by the
public that under the rules Of the board, the prices
in all transactions are the rates per cent Thus 100
for Harlem, Reading or Merchants Bank would
mean $50 per SHARE the actual par OF the shares In
these several instances being $50.
GOVERNMENTS STRONG.
The government list in the forenoon was steady
and quiet at It's recent mon0t0n0us range OF prices
but with the advance in gold and cable reports or
rise OF per cent in the nvetwenties In London the
market became comparatively active, and quotations
moved up 10 the new position they are entitled to
by the higher figures for gold. The following
were the closing prices:-United States currency
skies, 15h 1l5T; DO. sixes 1881, registered. l142s
ll4X; do. do. coupon, ll5H ll5ss; do, five
twenties, registered May and November 1l2 1924;
do. do, 1862, coupon. DO, l12 1l2H; do. do,
1854, do. do, l121s 1l2X; do. do. 1855, do do,
1928 1l2A; do. do., 1867, registered January and
July, 1925 l1214; do. do, 1885, coupon, do,
Ill q l11A do. do, 1857, do, do, l121s n2%;
do. do, 1858, do, do. ll2K ll2a<; do. dves OF
1881. funded, registered losX 1osx; do. do. do.
coupon, 1921 l09%; do. ten-forties, registered,
lo7a< 1903; do. do, coupon. l0S a 1854.
STOCKS ACTIVE AND IRREGULAR.
The stock market was active and buoyant, with
general advance In prices. outside OF Erie, which
acted very much as II the movement therein had
eliminated, and underwent q decline for the day Of
per cent-viz., from 60 to IS. The very first sale
was at CO. the next at 65 tie next at "a and thence
"break" to 90. recovery to 62X, and finally, near
the end Of business, q second ''break'' to S. The
first sale at 90 was so far In advance
OF what was the level OF the cor
responding ana controlling price in London that
1t must have been the result OF order 10 'stop"
loss the "bear' side of some small speculation.
London was weak all day, and the price there fell
to the equivalent In currency Of about 61 hut
must have gone down still further at the clubs
during the early evening in order to account for the
fall here to &c. unless we attribute the latter to the
moral, or immoral, eject Of an astounding transac-
ton which came to light this afternoon. involving
sale Of $4,000 shares Of Erie at IS, seller
twelve months, the buyers being number Of
English capitalists and the seller Daniel Drew.
The details of this extraordinary transaction, as
they TRANSFERRED the street. given in our local
article elsewhere on the subject OF the great Erie
speculation. Up 10 this time the other railways and
the several miscellaneous stocks which are the usual
vehicle Of speculation from day to day had been ex-
ceedingly strong, and the market gave promise Of
entering on career Of intense activity and buoy
ancy, the rise in prices by the time the banks had
closed ON an easy money market having ranged
from one to three per cent the latter extreme
being almost touched by Ohio ana MIS-.
sissipp which sold at SIX. But the
action of Mr.. Drew in selling such an immense
amount OF Erie, the sudden demonstration in the
Gold Room and numerous other incidents were all
suddenly collected together and interpreted to
mean that the Vanderbilt party, under cover Of the
feInt to-day, mad sold out the balance OF the stocks
which they had been feeding TO the street pending
the rise IN Erie and Joined interests with Mr.. Drew
and other constitutional" "bears' for grand
smash OF the market and rapid bear campaign In
the interval to the beginning OF the summer
rise," which rise Is to be something unparal.
leled In Wall street, the money market
here, the abundance Of money in London, Frank
fort, Amsterdam ana Berlin, and the growing
speculative fever In Europe f0stered by the plethora
Of money there, all being expected TO consptre, with
or without Erie, to set the TWO continents in Juror
OF stock gambling. Our speculative fanc1es are be-
coming every day more widely known In Europe
Even In phlegmatic Amsterdam the burgher bankers
are beginning to deal In what would be deemed O
very rash manner in several OF railway fancies,
including the Union Pacific shares and other
non.dividend paying securities. The contem.
pation OF the possibility not to soy probability.
of such Q grand scheme to break the market
preliminary to all this anticipated imitation and ex
element in May, June ana July next made some
sudden conversions among the "bulls'' this after
noon and before the close OF dealings caused great
deal OF stock to be tossed overheard. But ghtened
Of this load the market recovered steadier tone,
but with quite reaction from the highest points OF
the day. AS showing how curl0usly stock not
usually neglected may be forgotten in so widespread
business as was done to-day, Reading may be cited
as having been utterly ignored, not single trans
action In 1t being recorded The directors Of Rock
Island have declared semi annual dividend Of
per cent cash. payable April %, the transfer books
closing April s.
HIGHEST AND LOWEST PRICES.
The following table shows the highest and lowest
prices OF the principal stocks during tho day.
:, IN. s..--ll. 49, Htgnsss Lowsss,
New York Central scrip ......... 9lH 69Z
Erie. ............".....s 90 90
Erie preferred Io% 10
Lake Sh0re. .ss.ss.......... 70 v39s
WABASH. ...................ss... Io-s "
PlttsburR. .--s ........s.....s 1S1a VIA
Northwestern. ..........ss oIH 6lM
Northwestern preferred. ........ VA 94H
ROCK island. A1lN lloN
81. PAUL.. OoA YIN
st. Paul preferred ................ SIX 80T
Ohio and MISSISSIPPI ............. DIX 4SX