The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-05-16

DO. llsx a llsk; DO do., 1867 do do, 1908
1907 do do 1865, do. do, 49, a lls1s; do. ten
forties, registered, ll2 ll2A; do. do.' coupon
ll3& q ia; do fves OF 1881, registered, ia pia'
do. do. do. coupon, 114h ll6.
STOCKS FIRMSR.
The market opened with some little hesitation
This morning c., c. and i. q. showing further de-
cline OF y per cent and Pacific Mail at the same
time Ealing of u per cent At the call, however,
n rally occurred IN favor Of the latter and the
prlce advancing per cent to ASA gave the cue to
the ge neral current Of the days business. The
whole market thereupon recovered and advanced
beyond the opening prices. II closed with
the retention more or less, OF the I'M
provement. The broader nuctuation OF the day
was in Harlem, which from 1877 TO 130'
thus overshadowlng the recent prominence OF
Pacific Main, although the activity OF the latter was
still the leading feature OF the market. Concern
ing the rise in Harlem, when 1t is considered that
the road Is leased permanently to the New YORK
Central at o fixed annual rental OF per cent, IL
may not seem strange il this sudden gain OF five or
six per cent within few days De ascribed to
a prospect OF better earnings on the city
branch OF the road with an increase in the tranlc
calculated to raise the dividend to sum that Will
justify the 1870 per cent as principal with refer
ence also to Pacific Mail, there is unquestonably
in Wall street large class OF believers IN It's stock
at so per cent, besides which the fall OF the stock
to this and lower figures has facilitated the exc
cution of great many orders to cover out
standing speculative sales. Hence from either
of these causes 1T was natural that the
decline should be checked and reaction take
place. IL was observable that there was less OF
sympathy between Pacific Mail and the general
market during the day; in fact, the immediate
within OF the street. being rather "Dulish, took
sides with Western Union Telegraph. The re-
ported heavy loss in the specie of the Bank OF Eng
land took away some OF the days advance, and
created more or less OF depression, yet 1t
did not prevent the maintenance Of a
steady tone at the close. In truth, there is a
growing feeling among the solid men of the street
that too much Importance has been attached to
the influence OF fluctuations on the other side o.
the water especially on the Continent There may
be occasions, though few in number, when none
tary crisis in the Bank OF England Will affect the
coin OF America but there seems to be no very CO.
gent reason why an increase or diminution OF
bullion three thousand miles away should be
allowed to affect the value OF our rail-
road securities which depend almost solely
upon local causes and have sort OF relationship
TO any external combinations IL is chiefly within
the last few DAYS that the influence OF foreign
"iurry' has been so noticeably felt In the stock
market and il is the general impression that In
allowing this influence quite too much difference is
paid to 1.-THE Old Lady Of Threadneedle street."
The announcement is made that the New York
Central Railroad Company have paid 100000
towards the settlement of the claim of the United
States for taxes upon the scrip dividend. The
Adams Express Company announce quarterly
dividend OF two per cent, payable on the I'd OF
June the transfers closing on the Goth Of May. Bos-
ton Hartford and Erie sold at 23s.
HIGHEST AND LOWEST PRICES
The following table shows the highest and lowest