The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1871-12-21

TIE GOVERNMENT PURCHASE OF BONDS.
The offer Of the government to buy one million OF
fvetwenties elected tenders OF only $685. 100 bonds
0t prices ranging from 108H to 10910 The value
OF gold was taken to be 10s75 which limit confined
the accepted bonds to only $4,000. at four prices,
viz.:--los.74 loS.74,4, los.74A and 1Os.74a1.
GOVERNMENTS LOWER.
The decline In gold the reaction in our securi-
ties abroad had an unfavorabIe effect on the gov
ernment list which, outside the currency skies,
whose merits are enhanced with each doV inward
step in god was lower, not to say neavy. although
would have been difficult to secure any large
amounts at current quotations. There appears to
he less actual buying this year to avoid local and
State taxation by wealthy men, the idea prevailing
that the possession OF borrowed bonds
serves the same purpose as ownersnlp-a
device which enables the capitalist to
avoid the chances of a decline in the market when
the time comes for him to convert his bonds into
again. This fact explains the inactivity OF the
government marker, waIch III December has usually
been active and strong, owing to purchases
for avoiding taxation The following were the clos.
Ing street prices this eyening:--united States cur
rency skies, l131z 1884; DO do 1884, registered,
113la u 1854; do do, coupon, ii71 a 1l7la; do.
nve-twenties, registered, May and November 1o9H
Ito; do. do, 1852, coupon, do, 1091 i0oA; DO.
do. 1864 do. do, 1905 i097s; do do, 1866, do.
do, Ill 11iG; do do, registered, January and
July, Ill 111h; do. do, 1865. coupon, do, ia
o 114,s; do. do, 1867, do. do, 1853 1l59i; do.
do. 1868, do. DO, 1854 l15h; do, fves OF 1884,
funded, registered, 100 1094; do. do. do, coupon,
loo 1923; do tenrories, registered lOsh q losa;
do. do, coupon, 1925 1927.
SOUTHERN SECURITIES WEAK AND LOWER.
The Southern State bonds continued weak and
any effort at business led to lower prices The CHER
features to-day were "break IN the Tennessees to
G2ia and further decline In Virginia consOls TO
57A. The October South Carolinas were offered at
20 late III the day. The only feature In the way OF
strength was presented by the new North Caro-
linas, which advanced to IL q II. On the other
hand the special tax bonds brought only sol, cash,
for each $1,000. ut an auction sale to-day. The
following were the closing street prices this
evening" inclusive Of quotations Tor the leading
Southern municipal and railroad bonds:-Tennes-
sec, ex coupon, CO o.; do. new. 62h 63; Vir-
gina, ex coupon, 90 G2; do. registered stock, old,
Al So; do. skies, consolidated bonds. SIX IS; do
skies, deferred scrip, 70 "a; Georgia skies, 10
Is; 40 sevens, SO 30; North Carolina, ex coupon
81 "a; do funding, 1896. 20 rs; do. do, 1863
Is 20 do, new, IA II; do, special tax, IL a Ia;
Missouri skies, 81 074; do. Hannibal and ST.
Joseph, 90 a "a; Louisiana SKIES, 60 GO; do new,
81 g.; do evee skies, "a 81; do. do. eights, 10
so; do. do. eights 1875, IS 80; do Penileniiary
seyens, CD 20; do. railroad elgnts, IS so; Ala
pama lives, 90 60; do. eghts 81 100; do. eiglts,
Montgomery and Eufaula Railroad, 90 95; South
Carolina skies, 40 90; do. new January and July,
~ 221a; do. do, April and October, 10 a 20;
Arkansas skies, funded, 81 a 53 Mobile and
Ohio Railroad sterling, 81 o.; do. interest
eignts, 70 d So do. second mortgage eIghts,
| os H. Mississippi Central Railroad. lrsL
| mortgage, sevens. so o So; do second mortgage.
| egnts 70 IS; New orleans and JACKSON,
| first mortgage, S4 9o do, second mort
! gage, 10 ,s; Memphis and Charleston
Rallroad, first mortgage, o. So; DO sec.
ond mortgage, IS a 81; Greenville and Column
bia Railroad, guaranteed by South Carolina So a
! 81; Macon ana brunswick Railroad, guaranteed
by Georgia, 60 10; Wilmington, Charlotte anc
Rutherford Railroad Fights, 50 a 90; selma, Rome
and Dalton Railroad sevens. so GO; Memphis and
| Little Rock Railroad Fights, 10 so; Memphis city
SKIES, co a IS; savannah city sevans, SO 81; New
| Orleans consols, old p rs; do. issued to rail-
| roads slxes, 20 o IS; do. sevens CO SO.
THE RAILROAD BONDS.
The following were the bids for the railroad