The New York herald., 1872-10-16

soils advanced TO N. Tne securities oil virginia
have been favorites abroad, and revival OF inter.
est In the bonds OF
THE MOTHER OF PRESIDENTS
may be looked for with the settlement of the
Presidential question. The following were the
closing prices Tennessee, ex coupon, "a
74L; do, new, "a o 74h; Virginia, ex coupon,
44k 40; do, registered stock, old, SO 40; do.
skies, consolidated bonds 81 54,l do do deferred
scrip, is a 10; Georgia skies, rs 80; do sevens,
So 90; North Carolina, coupon, 32iS 81 do. to
North Carolina Railroad, IS . 4S; do, funding
1885, 81 a "a; do. de., 1858, 20 q 30; do, new,
IS 81; do. special tax. 10 Is; Missouri skies,
90 93; do, Hannibal and st. Joseph. S91a q 90h;
Louisiana skies, so 81 do, new, so 55; do. levee
sixes SO 90; do do. eights, 70 rs; do. do, 1876
20 a 7s; Alabama ives, So 62; do. eights. 80 IS;
South Carolina sxes SO a 65 do, new, January and
July, 25i4 251; do do, April and October, 20 81;
Arkansas skies, funded, IS so.
GOVERNMENTS FIRM.
The government list was quiet and firm, with
considerable dealings In the currency skies and in
the newer fve-twenties at fractional improve
ment The following were the closing quotations: =
United States currency skies, 1l3,s a 1lsk; do.
do, 1881, registered, 115 q 115H do. do, coupon,
1l6s 1854; do. fve-twenties, registered, May and
November, ll2a 112h; do. do, 1862, coupon, do,
1l51 115I; do. do, 1864, do. do, 115L 0
1l5T; do do, 1865, do. do, 118 1l6H; do.
do, 1851, registered, January and July, lI4H q
1l4S; do. do, 1856, coupon, do, 114al 114T; do
do, 1867, do do, lax 114; do. do. 1868 do. dO
114s< 114,S do. ten-orties, registered 1881 10Sk;
do. do, coupon 1OS3s 1857; do. fves OF 1884, reg
istered, l10k a Ill; do. do, coupon, HOY Ill.
STOCKS EXCITED AND UNSETTLED.
The stock market ran further course OF ex-
cited activity until checked by sales to realize the
profits OF the recent remarkable advance In prices
when its serrIed columns Of rising quotations were
thrown into confusion and fitfu and irregular
speculation ensued some OF the 'bulls" holding on
tenacl0usly to certain speclaties, while others
grew demorazed and yielded to the temptations
of a turn especially as their tanks were worried
by the 'bears" who, in the belief that the tide had
changed, were gleefully hammering the
SOFT SPOTS OF THE MARKET
But this steam was not turned of until q late
hour in the day. Meantime the heat OF the move
ment had made such prices as lat for Panama, 92aS
for Lake Shore, TAN for wabash. 77h for Western
Union Telegraph, 52 for Erie, 112ss for Rock Island
and Al for Ohos The party most generally credited
with overturning the applicant to-day Is Jay Could
who, being "bulp OF very large horns ever since
he got an inkling Of what the government was
going to do, and did do week ago Monday. has
made lucrative exchange of his position as re-
CARDS the market. 1t seems that the very Satur-
day when Gould got word OF the governments in
tentions
SMITH WAS AT THE RACES
at Jerome Park and got back to town too late to
cover his sshorts" AS Gould was his bosom
friend Henry felt aggrieved that Jay had not done
for him as friend should do; the GOODNESS grew
into animosty and the parties in a few days had
become enemies. Lattery mutual friends have
been trying to reconcile them, and their good
offices have resulted, 1t is thought, In bringing
them together again, Jay agreeing to sell his
stocks and break the market so as to let Henry
cover his remaining ''shorts" and get in the "bulp
boat. This theory was offered in explanation OF
the heavy sales Of stock by
JAY GoULD's BROKERS.
What lines Smith Is "short'' in Is not so very
clear to the street, for while 1t is ancied that his
speculative contracts are largest in Pacific Mail.
his recent boast that he would be "the next Presi
dent Of the Pacific Mail Steamship Company is not
so easily comprehended. AS to Pacific Mail, the
pool held it firm throughout the day and closed it up
at 81, as If the programme were to advance it ono
per cent a day. Thus, yesterday it ranged from IS
to SO, to-day from SO to 81 and tomorrow.
csYou never can tell till you bet.'D The reaction
and decline were also assisted by the rumors Of q
proposed further raising OF
THE BANK OF ENGLAND
discount rate in the morning, and in the furry and
excitement which attended the 'sbreak' at this
period Of the Gay, Wabash fell to 72 and the whole
market from y to Il per cent. Finally there was
a rally in Wabash to 1874 and a counterreacti0n
generally, which had the effect OF leaving the
'bulls afraid of another ''break," and the "bears
apprehensive that the whole thing had been "a
scoop" for their special victimzation. The rise In
Wabash was connected with the rumored return Of
the veteran
DANIEL DREW,
who is expected to revisit his Wall street haunts
tomorrow alter heightened tour and inspection
of his favorte "Way-bOsh," the sheers OF which he
is more than ever satisfied are an No. l invest
ment, especially for those who want something per-
manent. Hannibal and st. Joseph declined to 35X.
The preferred stock sold at 54 55. Boston, Hart
ford and Erie receded to So. In Philadelphia to-
day Reading was quoted 114al. The earnings OF
the St. Louis and Iron Mountain Railroad for the
expired portion OF 1872 show an increase OF
s4s4 over the corresponding period Of last year.
The increase for the drst week in october was
$1l,908.
HIGHEST AND LOWEST PRICES.
The following table shows the highest and lowest
prices Of the principal stocks during the day.