The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-05-07
From All Parts Of the
World.
CONCENTRATIONS FOR STANLEY.
A Prominent German Explorer Forctells
His Arrival on the West Coast.
Review of the London Stock Ex-
change for the Past Week.
rBY CABLE TO THE nERALD.1


LONDON May I, 1871
The HERAIDs Berlin correspondent tcegraphs
that Or. Nachtigall, the African explorer, praises
Stanlcys discoveries and predicts his arrival about
August next on the west coast alter having solved
the great riddle Of the Congo tho Oyowcc and their
continents The explorer has many words OF high
commentator TOR the intrepid correspondent and
for the enterprise OF the journals that commits
stoned him.
WEEKLY REVIEW STOCK EXCHANGE
On tho Stock Exchange business was generally con.
fined within range but tho teudcncy.or most
descriptions was favorable, tho dealing having boon
mainly purchases, few OF which wcro for usc while
tho creator number in connection with the closing
however, was noticeable during tho carly part OF
tho week, relapse having occurred from tho best
point after tho advance In the valuo OF money,
owing chiefly to adverse rumors respecting affairs
changes except In very Tow cascs, favorable
side, tho Improvement having been greatest among
the foreign securities The principal alteration in this
department AFRO In Argentine bonds which have been
in brisk demand at gnin ranging from to ~, in
consequence OF tho announcement that tho July In.
tcrcst the 1868 loan will DO paid in duo course.
Uruguays and BrnzIllans havc boon doalt In al i'm.
proved values There has been marked improve
mcnt In Egyptian descriptions tho amounting to
from y, Russians and Hungarans showed strength
although closing Friday under tho best point for tho
n
Wan, Italian, French, Bolivian and Spanish changed
HANDS at Increased quotations. but decline took place
In Austrian paper rontcs Japanese and ono or two
Turkish loans. Tho advance In bank rate caused a
weaker tendency In homo government socuritcs
and consos ior immediate delivery and tho
Juno account rclapscd noary IL. English rail-
ways all higher on tho week Canadian lines
orc nrmer. An upward movement took
place in American securities In telegraph and tram
way snnrcs than ordinary Saturdays
business was done yesterday, and there genera,
tendency toward hatncss About tho close, however,
a slight rally took place In several securities; but
compared with Friday tho changes with two thrce
exceptions wcrc on Tho unavorablc side Homo FUNDS
wcro depressed. English railways wero hcavy until q
liitlo before tho termination OF business, when re-.
coyery occurred In several instances Tho rally how
ever, was only fractional, and tho days ,ransac-
tons all movements wcrc downward. In tho
foreign market movements confined TO compar n
lively few stocks and Of the attractions wcro OF
much importance. The nnal prices wcro above tho
loves, level Tor tho day but tho only instances OF an
ndvanco wore for BucnoS Ayrcs and Argentine. Hun
gar,ans declined = TO Egyptians unified and pref
crcncc; Italians, x 10 u; Russians, Il al; French,
xah; Turkish per cents and per cents, y 4
American securities quiet a, about Frday's prices
The Econom,st suys the Banks is now only
Eloa27, 000 at which point tho advance Of the Bank
rate on Thursday was, most fully justified. AZ ,imo
IKE the present when great disturbing events pos
slplc at any moment II would DO exceedingly danger
Gus not strengthen the StiIi hardly
expect my sustained rise In money at present In
tho absence OF disturbing events. Tho suspense keeps
trade Inactive and will tend TO bring money
hero from tho continent Tor safety Wc also enter
inn on tho slack for money, when exchanges
tend in favor OF this country and bullion usually nc
cumulatcs. With an advance 10 tnrec per cent, sup
portcd by the rsc IN open market partial check IA
given TO tho outflow OF bullion, and this check would
be increased II Tor the timc II thought OK.
pc,iicnt TO 90 10 four per cent wnilc money il
so abundant as u IL In Paris, and tho bank
rate thcrc is only two pcr cont, moderate advance
here soon strengthens the reserve. sustained risc
In tho vauo OF money thus unlikely at present. and
alter littlc should rather expect rates TO fall oil
~ " tue uuty VI no"cNof, WI tuo present
circumstances, to keep strong, aud this will rctard any
reduction OF the after tho proved SUM-
cicnt for the purpose intended.
WEEKLY REVIEW THE MlscISG LANE nAggEra
Tho markets In Mincng Lane experienced some
partial Improvement and speculative articles further
advanced AT the commencement OF tho week. These
since met less animated demand and the quotations
In several slightly rcccdc, Rice which at one
umc sold very extensively, Is now rather quiet salt,
petrc has fallen Gi los. c. per ton. Other
produce, influenced by the war, 10 also less OK.
cited. Sugar attracts attention. The trade have
bought freely, ind there 10 revival Of specuIston
In low onatcu pross close 3D. 70 Oh. per eva over