The New York herald., 1872-10-23
NEW HERALD WEDNESDAY % s72-r1PLE SHEET


Tennessee the total debt Of that State, inclusive
OF accrued interest, to January !, 1873, 10 only
s2l, ,sas ol5-a reduction OF $40 524ol since the ist
OF October, 1869. The debt is stated IN fun at
S44 $50 but the assets arising out OF sales OF
defauting railroads. bonds paid in by railroads and
bonds OF solvent railroads bring the actual debt
down to the amount first given. Expectations
are entertained that the State win resume interest
payments by the lst Of January, 1874. The above
facts account for the recent frmless OF the Ten
nessees in the market for
THE SOUTHERN STATE BONDS
To-day the Tennessees were a little lower as
compared with yesterday, the rest of the list being
steady and closing as follows:-Tennessee ex cou-
pom, rs 754 do, new, rs 1854 Virginia, ex cou
pom, "A 40; do. registered stock, old, 81 40 do.
skies, consolidated bonds, 53is 541s do deferred
scrip Is l6 Georgia skies, IS IS; do. sevens, So
So; North Carolina, ex coupon, 331s 34ls; do, to
North Carolina Railroad, A A.; do. funding 1885,
% "a; do. do, 1868, 81 a %; do new, 20 a 22
do. special tax, II IA Missouri skies, s2s4 a
93a; do. Hannibal and st. Joseph, 90 92;
Louisiana skies, SO SO; do. new, 40 a 55; do
levee skies, SO So; do. do eIghts 10 a IS; do. do
eights, 1878, 20 a 7s; Alabama fves, 5S q 90; do
eights 80 a s5; South Carolina skies, so a SO; do
new, January and July, 281s 81; do. do, April
and OctODer, % . rs; Arkansas SKIES, funded, IS
SO.
GOVERNMENTS FIRM.
The government list was barely steady at the
early boards, but recovered its strength in the
afternoon and closed firm. The Assistant Treasurer
announces that during the government purchases
hence to November / the pending coupon OF the
May and November bonds will not be calculated or
paid for. IN other words, the accepted bonds
must be turned in ex the November coupon.
The following were the closing quotations.
United States currency SKIES, 1l31 a 1l33a;
do. do, 1881, registered 114A l15; do. do,
coupon, ll61a 1l6s4 do fve-twentes registered,
May and November, 1924 l121a; do. do, 1862,
coupon, do, 1l524 116; do do, 1864 do, do,
1154 l16; 40. do, 1865, do. do, 1l6 116A do.
do. 1867 registered, January ana july 114ss 114s4
do. do 1865, coupon do, HAS ll44; do do, 1867,
do. do, ll4zs ll5; do. do, 1865 do. do, 114as
IFS; do. ten-forties, registered, 1855 1os&; do.
do, coupon, 1855 l0sa4; DO ves OF 1881, regis
tered, 109h4 1O91a; DO do, coupon, ll0I 1llh.
STOCKS WEAK AND LOWER.
The stock market opened quite strong and the
early speculation favored higher prices, the move
ment in Northwestern taking that stock up to 70,
while Western Union got back to S19s and Pacific
NAH advanced further fraction to 103,4. There
was also livelier movement and a considerable
improvement in the st. Paul shares, both common
and prelerred but the advent OF active money
challenged the rising tendency, especially when the
news got about that so much gold had been taken
out of the Clearing House by the
BANK OF MONTREAL.
This unwelcome intelligence conjured up the
prospect Of possible stringency in the money mar
ket until the Canadian bank should cease its opera
tions in the gold market or until the gap in the
bank reserves so made should close over by the
tardy natural healing process. 1t changed the
temper OF the speculation at the Stock Exchange
almost in a twnkling, and led to steady pressure
of sales the rest of the afternoon despite the clos
ing relaxation in money. The greatest decline was
in Pacific Mail. which went Off nearly per cent
from its highest quotation. Western Union Tele-
graph receded fiom s17s to 1877 and Northwestern
from 70 to TAX, the closing quotations being within
fraction Of the
LOWEST OF THE DAY,
ana the average decline being about one per cent.
The movement in Northwestern is generally
credited to the patronage Of Daniel Drew, while
that In Western Union is thought to be conducted
by Jay Gould. The Pacific Mail speculation is in its
old hands, strengthened by several powerful
alliances. The advent and doings OF the President
of the Bank Of Montreal proved bombshell to these
various busy combinations and set them to think
ing quite seriously Of the situation. Canton ad.
vanced to 1868.
HIGHEST AND LOWEST PRICES.