The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-10-16

In Southern securities considerable activity was
given the North Carolina special tax bonds by the
following report presented by the standing CON-
mittee of the Stock Exchange
Ft'st-That those bonds only which have been
passed by the committee are good delivery, either
az new bonds or special tax bonds.
SeCOnd-That until further notice from the COM
mittee all North Carolina state bonds must be dealt
In according to the standard OF the old bonds and
carry the coupon OF January, 1902 or be made to
that North Carolina State bonds issued to the AtIan
tic, Tennessee and OHIO railroad Company are not
good delivery, either as new bonds or special tax
bonds They may. however, be called up separately
The following North Carolina State new bonds
have been passed BY the committee:-
North Carolina State bonds issued to the western
North Carolina Rairoad Company, dated october /,
North Carolina State bonds issued to the Western
North Carolina Railroad Company dated April /,
Williamson and Tarboro Railroad Company, dated
wilmington, Charlotte and Rutherford Railroad
Western Railroad Company, dated April l, 1862
All the above bear the lmprint lin medailion) that
been ordered be levied by the act Of the Legsla.
tule authorizing the same.
The Tennessees were weak and lower in the final
street business, when the following quotations pre-
vaed:-Tennessee. ex coupon. 90 a coz; do,
new, SAX IS; Virginia, ex coupon, SO q soy;
North Carolina, ex coupon. At . 47k; do, new,
u
50 sGk; Louisiana slxes 90 a coz; do. levee
Sizes "a e5; Alabama Fights, OF s2,s; South Caro-.
lima Skies, 70 II; do new 05 65Ja; City Memphis
skies, Al a 47ls
The stock market opened with great buoyancy
Lake Shore leading to 9s and the other railways
touching the highest points OF yesterday. At this
period OF the day another sharp decline took place
In Pacific Mall, which dragged down the whole list
excepting New YORK Central, which moved to 179h,
but later in the day declined to 177h. 1t Is sald
with reference to Pacific Mail, that certain bank
IN Nassau street. notorious for Its Affiliations with the
speculating cliques who have been instrumental In
the locking up OF greenoacks. had from $4,000 10
$4,000 shares of the stock on deposit as collateral
for money loaned to Lockwood 4 Co.. the hypotheca-
zion being made when the price was about So The
failure OF the drm preventing tho redemption Of
the stock the bank under the necessity OF selling
1t to the best advantage. 1t the sale Of about
fifteen thousand shares which started the decline
then. This morning, the price having assumed
steadiness the remainder was disposed Of with the
result above recorded. The stockholders Of the
Cleveland and Pittsburg Railroad Company, at q
meeting day in Cleveland. voted to increase their
share capital fifteen per cent by the usual stock
dividend. The fact seemed to have been dis.
counted, for the STOCK remained quiet in
the vicinity Of 102. The election for directors
OF Ohio and Mississippi took place yesterday
but the transfer agents in this city had not learned
the result OF the close OF business hours this after
noon. Considerable curiosity Is manifested con-
cerninR the complex isn Of the new board as It was
known that the Erie party had attempted to get
enough votes to control the election. The advance
IN Lake Shore was due to the election OF James H.
Banker as treasurer. The decline was the result OF
the reteraton OF the reports that 1t will be neces
aary to issue bonds In order to procure the funds for
the purchase of wabash stock, contracted to be
paid for on the 18th inst The Lake shore story is
now fully known the public; but the facts already
published will doubtless be combined ana recomblned
with Kaleidoscope variety to assist the milking Of
tho street, Lake Shore Is the speculative card just
now, and will be until the present set OF facts Is
worn threadbare. For "short turnsr 1t is prolific
source OF profit. The following were the closing
prices at the last session OF the Stock Exchange:
canton, so a So; Cumberland, 2osl 2s; Western
Union, 3oK 81; Quicksilver, 12A IS; Mariposa, q
sA; do. preferred. 1611 II; Pacific Mall 5ox 81;
Boston Water Power, 14x q 14sl; Adams Express,
67k bid; Wels-Fargo Express, 22h rs; American
Express, IS &c; United States Express, $50 SO;
Merchants Union Express, 10 bd New York Central,
lit 1774; Hudson River 1883 q 1911; Harlem,
1921 1874; Erie, 50 33k; do. preferred, So
o 50; Reading, e5 a e6H; Michigan Central, ia
. l24h; Lake Shore, elk a ok; Illinois Central,
1874 a 1881; Cleveland and Pittsburg, 100 1ooA;
Chicago and Northwestern, Tx tx; DO. pre-.
ferred, ssA bid; Cleveland, Columbus and Gin.
cinnati, 75H o 20; Rock Island, loe5s 108x; Nil.
waukse and St. Paul, 6oX OK; do. preferred,
81 . SIX; Toledo ana Wabash, "a a e4x; For,
Wayne, IS s5x; Ohio and Mississippi 2ez. 81
Delaware and Lackawanna, 40 Ill; New Jersey
Central, 1o1k 102, Chicago and Alton, 143 bid
DO. preferred 14l bid; Morris and Essex, 80 sou;
Hannibal and St. Joseph. 1o7Js look; do. pre-