The New York herald., 1870-05-18
SOUTHERN SECURITIES Dull

Gold cleared. 500, ,6S o00
Gold balances .......................... l,oS5o26
Currency balances.... 1,lS3573
SOUTHERN SECURITIES DULL.
The Southern list was dull, except for few OF the
leading State bonds. The South CarolinaS were
strong and higher, on the advertisement OF the Sink
ing Fund Commissioners proposing to cancel 500 000
OF the State debt. The old bonds to o45a, the
new issues Of July to "a and the October bonds 10 49,
The new Tennessees were weak and lower. and the
old bonds strong and higher. The old North Caro-
iinas have been strong In recent dealings. The fol-
lowing were latest street prces:-Tennessee, ex
coupon, COZ q o.; do, new, SO 561s; do five per
cent As 4S; Virginia. ex coupon, SO o 69h; do,
new 68 a COZ; do, registered stock, 551z SO; do.
do., 1859, 60 a 81; do. do, 1857, 81 81:
Georgia skies, SO a 80; do. sevens, 95 95A; 90.
seyens, interest payable in Georgia, 90 o.; North
Carolina, ex coapon, 40 49h; do, new, "a rs;
Missouri skies. o. a e41s; do. Hannibal and st.
Joseph, e3 q o.; Louisiana sixes 70 761a; do.
Aevens 70 q 80; do. eights. IS 81; do. levee
skies, 7s 1871; do. do. eights, 81 a %; Alabama
eights, 10lX 102; do. fves, "a 76; do. skies,
sterling, 90 95; South Carolina skies, 93 95; dc.,
new. "a s414; do, registered stock, So 90; City
OF Memphis sixes 81 SO; City Of Atlanta eights,
81 q s5; City Of Savannah sevens, SO 90; CITY Of
New Orleans consols 70 II; do. do.. railroad
issue, 70 75; Mobile and Ohio sterling, rs 80;
do. eights 70 II; Mississippi Central Railroad first
phis and Charleston first mortgage, IS 81; do.
second do, IS 80; do. Stock 4s a At; Gfeenville
and Columbia Railroad, guaranteed II 7s; Ar
kansas sevens, 751z q 76.
GOVERNMENTS STEADY.
The government list was steady, with moderate
amount of business on investment account The
programme OF the Treasury contempates the sale OF
million OF gold tomorrow and the purchase OF two
millions OF bonds on Thursday. The following were
the final street prices, which were about the average
quotations of the day-Un1ted States currency sxes
l12x 112X do. sixes 1881, registered, III 117S;
DO. do, coupon, III 1171d; do. fve.twenties,
registered, May and November 1114 l12; do.
do, 1882 coupon, do 1124 1121k; do. do, 1884,
do. do, 111X liz; do. do, 1855, do. do, 111T
ll2; do. DO, 1896, DO, January and July, ia
l14h; do. do., 1867, do do, 1141S I14ss; do.
do, 1868, do. do, 1l41s HAS; do ten-forties,
registered 1O7h 1921; do do. coupon, 1oSM
losH
THE sTO OK MARKET UNSETTLED.
The situation in the stock market is struggle be-
tween the rival combinations furtnerance OF their
respective plans Those who sold out last week so
advantageously are seeking to break prices in order
20 buy back again; and are thus encouraging the
bear interest Tie cliques who are still loaded with
stocks are anxious to get out but indisposed to
sell heavily until The market is fully conv1 lescent
from the decline of last week. On the cIntrary,
they are exerting themselves to run prices higher
still. The results Of the struggle were quite per-
ceptibe to-day. In the afternoon the 'bulls"
made ample use Of the proposition IN tne ne
new Tax biii to abolish thhs system Of
taxation Of gross receipts which in the case Of rail-
ways would make difference with many lines one
60 two per cent in favor Of higher dividends. This
they followed by spreading the news that the Ways
and Means Committee had again postr oned action
upon the Funding bill. AS 6 consequence the whole
market became buoyant, New York Central advanc-
ing TO 102,k Reading to 1854 Lake Shore to 1oo
Ohio and Mississippi to 399<, Northwest to s2A and
ROCK Island to 1924. The "bears took the offensive
atthe afternoon board, and began selling upon the
announcement for the third or fourth time this
season. that the Banking and Currency Com.
mittee had again agreed to report with
out amendment the Ninety-1ve Million BILL
which is 80 dreaded BY the "bulls' on ac-
count OF its contraction features. The result was
decline OF a half to one and quarter per cent
from the highest prices Of the day. Lake Shore going
on to 1884, New York Central to 1011s, Rock Island
to 1908, Reading to 104H, Ohio and Mississippi to
3sx ana Northwest preferred to 907s. st. Paul,
although unfavorably afected by the first reports
concerning the IRE at La Crosse and the accompany
ing destruction Of the company's depot and property
was better On the announcement that the loss
amounted to only $4,000. In the miscellaneous
shares Western Union declined and Pacific Mail was
weak and fell to 1884, The following were the clos
ing prices at the last session or the Stock Ex-
change:-Canton, II; Cumberland, A bid; Consoli-
dalton Coal, 26 275s; Western Union, SO 331s;
Quicksilver, q 81; Marip0sa, TX sA; do pre-
ferred, 1SK 1874; Pacific Mail, 4Ol1 4OA Boston
Water Power, Tx Is; Adams Express, 68h o 6e1l;
Wells Fargo Express Is 10; do. scrip 81; Amerl
can Express, 42a 42H; United States Express, 44N
451x; New York Central consolidated. 1924 1922;
do. scrip, DIX 9s; Harlem, 14e 14s1S; Erie, 23n
q 23k; Reading, 1o4s4 1o41s; Michigan Central
124 124N; Lake Shore, 9os<a 9s,s; Illinois Central
142; Cleveland and Pitsburg 1o7ss bid; Chicago and
Northwestern, 50; do preferred 9o7l bld Cleve-
land, Columbus and Cincinnati 70 a 80; Rock
Island, 121X q 121k; Milwaukee and 81. Paul, eeA
a 81; do. preferred, SIX o sl,S; Toledo and Wa
bash, 5e,S 66y; Fort Wayne, s4A 95;
Ohio and Mississippi, ssX 80; Delaware and Lack.
awsnns, III q 11lH; New Jersey Central, 1os's a
1oeal; Chicago and Alton, 11sA ia; do. preferred,
1l41< q l1s; Morris ana Essex, s2s5 e2N; Hann.
bal and st. Joseph 11lx l1s; DO. preferred, 1Io'
III; Boston, Hartford and Eric, OK 67s; Coium'
bus, Chicago spa lnslana Ceatral, ~ als1s.