The New York herald., 1873-11-25
Money Unnaturally Strong for the
Season of the Year.
GOLD STEADY Y.
The influence of War Rumors
on the Board.
RAILROAD AND GOVERNMENT BONDS FIRM.
WALL STREET.

MONDAY, Nov 24--6 y. M.
In the stock market to-day prices were strong
and business fairly distributed. The wind
was evidently not in the right quarter for rumors
and the "bulls" therefore had the occasion to
themselves. The advance in the line OF ''fancy'
stocks was generally well sustained and until
fhe close ranged from u to 26 per cent. There
are, however, other and lower priced securities
which are emerging from the background and COM
manding attention-securities, by the way, that
are entitled to quite as much consideration as Is
bestowed on the ''baloons'' OF the street. When
the former begin to move solidly to the 'front.' not
In mere sympathy, but as the result OF confidence
In their real value and of well defined belief IN
their recuperatve power, it s sign of returning
strength that ought not to be ignored. Their ad
vance Will indicate that real investments are at
Fwork, and the real investor will not let them slip
Through his hands, obedient to the same influences
Enat may drag down from their high places the
at0cks that change hands from hour to hour in the
hr0u OF
A TEMPORARY SPECULATION.
1t Is not improbable that the more peaceful out
look Of national affairs to-day may have exercised
some influence on the general tone OF the market
and given to it the encouragement that was mani
Tested; but one must entertain o very poor opinion
OF the temper OF the American people to believe
rthat they will be satisfied with simple arbitration,
or that the present moment Is any more than a
breathing spell, conveniently made by our govern
1nent to AFFORD time for complete preparation
Were the demand for punishment made by politi-
col party the attitude OF affairs might be different;
but when the whole united people are in advance
OF the leaders, and every Representative who goes
Into the next Congress goes there filed to The
brim with the fever OF an indignant nation, it is
scarcely safe to assume that either Cabinet officials
their advisers will be able to withstand the pop
ular pressure.
THE MONEY MARKET
was strong, the rate call loans ranging from
per cent, currency and gold to 1-16 per diem, but
closed at per cent. Foreign exchange sold
freely early in the day at 1861 1867 for prime
bankers go days. sterling, and about f1oo,ooo
sterling changed hands. Afterwards leading bank
ers advanced their asking rate to 1074, and there
was some business at 107 1919. At the opening
sight bills were lowered to 1881, but afterwards
advanced to 10SH although there were no sales
over 1854. The decline in money to 5H per cent
in the open market at London one cause of
the increased strength in go days. sterling. The
banks now reported as holding $34, 4,27o,oO0 OF
legal tenders-a gain of S127o,oo since Saturday.
GOVERNMENT BONDS
closed quiet and steady. The largest transac
tions to-day were in fves, two lots, of $4,000
each, having changed hands at 1O91 109
The closing quotations we're United States
skies, 1881, registered 114l4 i141s; do. do, do,
coupon. 114I; do nve-twenties, 1862, coupon
1881 do, 1864, do ITO a 110h do, 1865, do, ITO
11Oh; do, do, do, new, 11314 113k; do, 1867,
coupon, 1141I do, 1868, do, ia; do. ten-fortes
registered. 1O7I a 1os]4; do, coupon, 1885
1857; do. fves, 1881, coupon, 1854 1O9; six per
cent bonds, Pacific Railroad, lO9I 110h.
THE GOLD MARKET.
Gold opened firmly at no. but in consequence OF
the peaceful tenor Of the news of the morning,
ceded to 1097i Later in the day there a
covery to 1895 1o9a<-the latter being the clos
ing price. The carrying rate ranged from 1854 per
cent to iat.