The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-07-21

GOVERNMENT BONDS.
These remain strong and In good demand, but
with limited supply. The transactions yesterday
were lighter than usual. Annexed are the quota
ttons limited States currency skies, Hay 114X;
do. SKIES, 1881, registered, 11S 11sk; do. skies,
1881, coupon, 10y 40; DO. nve-twenties, regis
tered May and November, 1l6,< III; do. do,
1852, coupon, do, 117h q 117,S; do. do, 1884, do.
do, 117H 117x; do. do, 1856, do do, 1854 a
11s; do do, 1867, registered, January and July,
l16x ll7k; do do, 1896, coupon, do, I17k .
117x; do do, 1867, do. DO, 1854 l19; do. do,
1885, do. do. 11S 1lSh; do. do. ten-forties, reg
istered, Hay 115: do. do, coupon, l14a< ll5;
do. nves OF 1881, coupon, 1l5'. 1854.
THE STOCK MARKET.
Reviewing the operations Of the week in the
stock market, we have seen activity manifested
along the entire line, but particularly shown in
those stocks controlled by MIR. Vanderbilt. West
ern Union moved from sen to s11, with large
speculative demand, falling Off Q trine yesterday
but recovering toward the close Of the day to 901<
Lake shore advanced from 91T to 94h, closing
yesterday at 93H o3T. New York Central
showed an improvement of11f per cent Harlem
~ per cent. The extremes in Union Pacific were
27x 29H. Delaware, Lackawanna and Western
went from 99H to 1O2x. Pacific Mail suffered a
drop to s7H, with recovery to S9x, closing at
3Sk q 3SH. ohio and Mississippi i'm
proved from ash to az and was
firm yesterday afternoon at Al a..
In Northwestern the work Of distribution 10 still
going on, and the stock Is quietly getting back
into the speculative arena. Large sales OF the
stock were made during the week, and unless the
attention Of the market Is absorbed by the work
in Erie will probably command considerable atten-
ton during the forthcoming week. The earnings
last week 14S 900 In excess OF last year, and
there has been increase Of $500 900 June l.
wabash has likewise shown an ascending dis
position, the advance being nearly per cent.
These figures will suficiently indicate the lively
character Of the market and the strength of the
influences that have been exerted during this Sum-
mer speculation. Large orders have been received
from outside sources and It Is presumabe, judging
from the healthy and encouraging tone which pre-
walls, that there will be no diminution IN the same
for the present
The great feature OF the week developed itself
yesterday in the shape OF o squeeze" in Erie,
which began TO exhibit its symptoms early IN the
day. The operation commenced with the price At
5sh, from which there was steady advance until
II reached 65H. At the very last, however, it re-
ceded to 65 64I. The excitement at times among
those chiefly interested was very considerable the
stock loaning from y to per cent per day for
carrying. The movement, however, was entirely
low rs 45K q 454, and the market there dull. Its
probable cause is as follOws:-For o long time
there has been less OF short interest in the
stock, the strength OF which having been
tested By some OF the German bankers who
have been leaning 1t nat. for several months.
three or Jour Of them at last combined to force
up the price and call in the loans, with the
result described. 1t is said that the total number
Of shares IN the country Is about one hundred and
fifty thousand, OF which say nifty thousand are
owned outside the city OF New York. OF the re-.
naming number It Is thought that about sixty
thousand are represented BY the German bankers
Aforesaid, the rest being scattered It is believed
that most OF
THE OLD SHORT INTEREST
was covered yesterday. Doubtless q number OF
new shorts entered the field, but It would seem to
be the height OF imprudence TO pursue such a
course with 20 little stock on this side OF the
Atlantic a. Is known to exist at present From
twenty-five to thirty thousand shares are reported
to be on their way from Europe in steamers to
arrive this week, and It 10 highly probable that
large amounts autographed for yesterday afternoon