The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-01-04

The Assistant Treasurer paid out $780, 900 gold or
total Of $1,000, OOO account OF January interest,"
and s25o, 900 In redemption or called '62s, making
the total redeemed at New York $22,497,000.
GOVERNMENTS LOWER
The government list was lower with the decline
In gold, while the stringency III money tempted
sales Of the currency bonds, and induced lower
prices In them as we'll as In the gold.bearlng
issuea The following were the closing street
quotatiops:- States currency SKIES, lax o
115h; do skies, 1881, registered, 1141s HAS, do.
DO, coupon, 11iA o l15; do. .fve.twenties,
1865 registered, ITO l10H; do. do, 1862. coupon.
11oA 11OA; do. do. 1864, do, 11O>4 1loN; do.
do, 1886, do 112h 1l2; do. do 1857, registered,
l11s< 112; do. do 1855. coupon 1111I 1l1h; do.
DO, 1857, do, 1l2% l12X; do. do, 1868. do,
l12a< l12N; do fves Of 1881, funded, registered.
1904 1O924; do. do. do, coupon, 1o91a 109K;
do. tenf0rties, registered, 100 l094; do do, c0u-
pom, 109Z 1l0X
THE CITY BANK snAREs
The following were the bids for the bank
shares:-New York. 125; Manhattan $50; Merchants.
III; Mechanics. 1875; Union, 1873; America, las;
City, 22o; Merchants Exchange, 90; Leather Man.
ufacturers', $50; State Of New York, loe; Com
merce, Ill; Ocean, II; Mercantile, 100; American
Exchange, ILL., Pacific, 100; Bank OF the Republic,
IFS; Bank of North America, 1903; Metropolitan, 1871;
East River, 10S; st. Nicholas, 116; Commonwealth.
SO; Park, 15o; Fourth National, 1O7H; Ninth Ma
tlonal 400; Bankers and Brokers' Association. Is.
THE STOCK MARKET STRONG.
The stringency in the money market has been
almost disregarded by the speculation In STOCKS
which. while irregular to some extent, have been
on the whole firm or strong A cable despatch
from London states that the business Of the Board
there yesterday was the largest recorded for any
day in forty-six years. An obvious reason for such
an active demand for stocks and shares In Lon
don Ia offered in the plethora Of money
Just now in the British metropolis, where,
with the bank rate down to three per cent the
street rate Is still lower, ranging rom to az a
2x per cent Here the speculative appetite mas
been whettcd by the general anticipation OF q
spring rise In prices. but Is not so freely grated,
because even the "buls' themselves admit that
stocks are high, but capable OF going much higher
desire to be Gin" stocks, but under the safest
circumstances, doubtless explains the run on
days and tho fresh debut OF Boston,
Hartford and Erie. A little fear Of Wabash
occasioned neglect Of that STOCK after sales at "a
and concurrent shyness OF Western Union and
Northwest-which were 80 strong In the closing
days OF the old year-turned attention to features
which ''had not had their rise.n Erie directly
inspired by the DILL OF Senator O'Brien proposing
repeal OF the classification law, and literally
dumped" in tho afternoon on q rumor that Mr..
James Fisk, Jr., was very sick and confined to
bed. This rum0r had tho unoharitable
e1ect Of advancing Erie to Sex. Still another
'bulr' influence was derived from report that the
several interests represented In Union Pacific,
Pacific Mail and Panama had been narmonized for
schedule OF rates, whicn would inure to the ad-
vantage OF oil three corporations. Union Pacific
rose to 3O%, Pacific Mail TO 65T and Panama to IS.
At the close Of banking hours the dificulty OF
making up bank accounts forced good many cash
Sales under which, ana the pressure OF o number
OF realizauons, there was sudden reaction
OF n o per cent, Wabash falling to 70; but the
market got over 1t and went smoothly on again,
reaching the highest prices OF the day in most IN.
stances as the brokers were separating for the
night The directors Of the Lake Shore and Michi.
gan Southern Railroad have declared q dividend
OF per cent on the stock, payable February /, and
at the rate OF per cent per annum on the install
ments Of cash paid upon the outstanding scrip from
the time OF the payment Of the same to February
the transfer books closing Januaryo.
HIGHEST AND LOWEST PRICES.
The following table shows the highest and lowest
otoc ko dur