The New York herald., 1872-10-26


0otobeS, uoso; AlaDams mxes, funded, - . 60
TAe government bond market was moderately
active with an Improvement Of y u In quota
tions which extended to the currency skies, whose
price advanced to 11sX. The following were the
closing quotations Limited States currency sxes,
l1sx ia; do. do, 1881, registered, 1854 1l5k;
do. do, coupon, 116x I16X; do. hve-twenties,
registered, May and November, 1l2k 112x; do.
do, 1862, coupon, do, 1lo 1lo do do. 1854, do
do, 116 1l6h; do. do 1885, do. do, 1leK lleH |;
do., 1857, registered January and July, ll4A llb;
do. do, 1865, coupon, do, ll4x 115 do. do, 1867
do. do, 115h 1l5x; do. do, 1868, do do, 1147s
us; do. ten-forties, registered, 1885, losx do
tered, 10ox l10; do. do, coupon, III 1l14.
STOCKS ACTIVE AND BU0YANT.
There was sudden and sweeping change in the
temper OF the speculation at the Stock Exchange
and an active and bu0yant market within its walls
in striking contrast to the depressing weather out
side, the difference being all the more remarkable
that there is usually more or less sympathy be-
tween the speculative sentiment and the condition
OF the atmosphere. The 'innuencen to-day was
again as mysterious as the distemper OF the pre-
vious day, when everybody seemed % despondent
as the plague stricken hacks drawn up in funereal
line along the length Of Broad street; and the
change
FROM '.BEAR" TO "BULL''
was Just as mysterious and pushing as the reverse
metamorphosis earlier in the week. The ''card''
this time was Northwestern, before which even
Pacific Mail seemed for time about to pale its
speculative gl0ries. The pool returned to the
charge vigorously this morning after the satisiac
tory progress they had made yesterday when all
the other ciques were conspiring against them,
and by brilliant cher-d'Gare ran the price up
from 7e< to S04s, holding it to the close at within
tribe Of the highest price OF the day. The en0rmity
Of the dealings may be gathered from the record
below, showing the sale in
ONE LOT OF TEN THOUSAND SHARES
at 78 and frequent blocks Of q thousand at time.
The rise involved the failure OF one small broker,
whose short contracts had to be covered by
open purchase at the board ..under the rule" The
general rise averaged fully one per cent, but was
quite irregular. ranging, as 1t did. from small
fraction for Union Pacific to ga per cent for West
ern Union Telegraph and 5h per cent for Pacific
Mail. The numerous pools in the market are so
impatient to get OF that in their starts and baulks
they like the horses on the race course just be-
fore the steward drops the flag. Thus the North
western party got away and could not be brought
back. Hence
THE WESTERN UNION POOL,
the Ohio pool and other pools had to put spurs
and join in the run. The result was lively spec
tace all over the market. Alter it was known that
specie was to be shipped tomorrow there was
some realizing and considerable selling for de-
cline, but the "bulls" took these offerings and
gave the market further upward impetus, SO that
with few exceptions, the list left OF at the best
points Of the day. Pacific Mail was taken in hand
afresh by its pool, who Kept their brokers at the
Board all day, and must have bought fifty thousand
shares with the effect Of rallying the price from
971s to 1925. The members Of the new brokerage
firm formed in connection with
THE PRESIDENT OF THB COMPANY
were the most conspicuous buyers. At q late hour
in the afternoon the rumor was started that the
company would resume dividends after New Years
and pay three per cent quarterly in future upon
the entire capital stock, advantage having been
taken Of the recent rise to sell the q, 800 shares
known as "the Jerome stock" heretofore held in
the treasury. The news got abroad too late to
have any eject upon the market, which the pool
held at 1925 1929 to the close. The reader will
find fuller discussion Of the Pacific Mail question
q little further on in this article.
HIGHEST AND LOWEST PRICES.