The New York herald., 1872-12-04

112A; do do, DeJ1, registered 1924 ll3; do. 1o.,
coupon, III p NIX; do. nve-twenties, registered,
May and t,ovember, 112X l1sX; do. do. 1862;
coupon, Sdo.. 1l2X 1881; do. do, 1864, do. do,
ll2's i13h; do do, 1896, do. do, lls 113x; do
do P,o7 registered January and July, ll2,s 1929;
40. do, 1866. coupon, DO, 1l5As 1853; do do,
1877, do. do lle,4 lless do. DO, 1865 do. do,
'l6x lie; do, ten-rcrties, registered 10s2s
l0e,s; DO. DO, coupon, loe,s lOea4; do. fves OF
1881, registered 1904 llQ14 do do. coupon lOo2t
ll0k. sa
sIOCKs WEAK AND LOWER.
The stock MARKET after brief enort early in the
cniorning in the way OF Improvement, became weak
and feverIsh and gradually declined, the last prices
being for most Of the list either sne lowest or
within fraction OF the lowest OF the day. The
dropping tendency Of the market since the meet
ing of Congress is reIerable to the DISAPPOINTMENT
OF the public at the tenor OF the Presidential and
Treasury recommendations, the President FORE
seeing no opportunity for reduction of the taxes,
while Mr.. Boutwells slipshod apology for his
RFLATI0N OF THE CURRENCY
has already drawn down upon him resolution to
investigate his particular conduct in 80 doing and
the general right OF the Treasury Department to
issue or withdraw currency at pleasure. The rosy
and foreate future OF the "bulls' at the
Stock Exchange, dependent SO much upon
currency expansion, is thus suddenly overclouded
measures are initiated which may lead to CON-
plete negation Of the powers Mr. Boutwell, has no
often assumed in this respect. 1t is no wonder
then that the "bears'' have lifted their long hang
ing heads and opened operations in the stock mar
ket for
LOWER PRICES.
Their opponents have had gala time OF IL ever
since the boston fire, and 'turn about is fair play
In Wall street more than in any other place. The
wa
doubtless that that stock had the greatest rise
since Saturday. its first impetus having been given
by the Presidents extraordinary recommendation
for increased subsidies to steamship lines, an infu
ence which has since worn out, leaving the stock
to be affected by the general influences at work in
I the market, and by such special ones as may be
communicated by the pool manipulating or endea-
voring to manipulate 1t. Western Union was fever
ish and weak, and rallied only family in Its
| reactions and finally relapsed to 1854 it's decline
representing the
DECREASED C0NFlnENcE
OF the street In the stock now that the Postmaster
General has committed himself to policy antag
! Onistic to the scheme of absorbing the Western
! Union line for the postal telegraph service. Erie
| was heavy, on the exposure In the HERALD OF the
| discrepancies IN the official returns OF the COM
| pany's earnings. subject the reader will find
treated OF IN article further on. Union Pacific
underwent spasmodic rise to 37s, and Harlem to
49, when the rest OF the market was weak In the
case Of Harlem the sudden advance was laid upon
forthcoming
SCRIP Dividend,
theory which was not 30 stoutly believed when
the price afterwards receded to 1161a. The best
explanation is doubtless the near approach Of the
time for declaring the usual semi-annua four per
cent cash dividend not to speak OF the enhance
ment OF the stock by the settlement Of the dispute
between Harlem
the lease by the former Of depot facilities from the
latter In the new grand depot at Forty-second
tal &c. q. and L. CO. was firm In the midst OF the
distress and weakness attending its comrades on
the call. and held it's way even more bravely than
II it were the most important OF the great dividend
having shares.