The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-02-10
GOVERNMENTS STRONG


The immense amount Of capital waiting to go into
government bonds was clearly demonstrated in the
earnest demand for these securities to-day orders
10 buy being given without reference to the career
OF the foreign quotations. so that between the heavy
sales Of the foreign bankers, for both English ana
German account and the purchases on domestic
account the dealings in governments were
on unusually large and active scale. The
gold bearing issues were all strong, the
home demand being IN excess OF the foreign
supply, at least far the latter could be made
available in this MARKET with smart rally In the
new f1ves more particularly. The currency skies
naturally sympatniZed with the depreciation OF
paper money inferred In the higher price OF gold
and were lower. The following were the closing
quotations:-United states currency skies, 113X
ia; do skies, 1881, registered, ia
Hay; do. do, coupon, ll47S 1l5H; do. five
twenties registered, May and November ITO
11o,s; do do, 1852, coupon. ao., 1102s 11oK;
do. do, 1864 do. DO, llo1I 11OX do. do, 1866.
DO. do. 111X ll1H; do. do, registered. January
and July, 1l0A a Ill; do. do, 1896, coupon,
ITO a 110h; do do, 1867, do. do, 111K
a 1111s; do. do, 1868, do do, 111H Q liz; do.
nves Of 1881, funded, registered 107sl 10S; do.
do. do. coupon, 1o7X los; no., ten-forties,
registered, 1O7 1o714; DO. do, coupon. ITO
| 1lOh.
SOUTHERN SECURITIES RAMPANT.
The speculation IN the Southern State bonds, so
remarkably strong as to occasion an advance In
prices In the midst OF the weakness, depression and
| excitement on the Stock Exchange, Is one Of the
! anomalies of the day. This afternoon the new
South Carolinas up to 33h, Tennessees to 68h,
and Virginia consols TO So. 1t is not often that
branch OF the Stock Exchange Is thus buoyant when
the general feeling sucn depression as has followed
the misunderstanding ABOUT the Alabama claims.
| A broker familiar with these bonds in explaining
the rise says and we give his opinion for what 1t ID
wOrth:-It Is "due to the fact, which Is gradually
becoming apparent to many OF our shrewd capital
ists that the Southern States producing large
| ana profitable crops and are rapidly recuperating
| their financial condition. The Southern people
themselves, aware OF their increasing prosperity,
are very dcsrous that their rulers should admins
| ter their finances with more credit to their
| several States None wish for reputation. They
| know too well the eject OF Mssissippis
| fatal step, the record OF which the citizens
| of that state would gladly obi terase. They ear.
| nestly desire the prompt payment OF interest on
their state debts and the redemption Of their credit
from the stain and stigma imposed by 'carpet-bag'
| rulers, whose Vaccinations and intrigues have
brought the fair fame OF their commonwealth into
| disrepute.n SO much for special view OF the
matter. The advance in vrginias is credited to the
Introduction in the Legislature OF bill to undo all thas
has been done toward stopping funding aud inter-
est payments and to place the States finances where
they were few months ago. The Governor OF
South Carolina has submitted proposition to the
Legislature to fund the January interest, just de-
faulted upon, and resume interest on the April
issues which would take only $4,000 OF currency
the fancy gold coin interest provision being done
| avay with) The STATE would then have until July
TO meet the larger instalment OF interest," which
could be provided by the collection meantime OF
the taxes. The Governor further says the net debt
of the STATE Is only $12.o0O,o0o. The following
were the closing quotations FOR the Southern list
} Tennessee, ex coupon, 66k eek; do. new, 66K 9
cox; Virginia, OK coupon, Sc o SO; do. registered
stock, old, 46 o So; do skies, consolidated bonds
57X IS; do. sixes deferred scrip, 1917 q 20
Georgia skies, 70 IS; do. sevens, IS a So; North
Carolina, ex coupon, 80 49, 90. funding, 1890
D % a "a; do. do, 1868, 20 %; DO. new, II IS
do special tax, 12k Is; Missouri SKIES, "a 94,s
DO. Hannibal and 81. Joseph, % o %; Louisiana
Q Sizes 90 q IS; DO new, 80 a IS; do. levee skies
. so o e5; do. DO Fights, 70 u so; do. do. eghti
Q 1875, 81 q s.; do. Penitenuary sevens, e5 a u
. do. railroad Fights, 10 a SO; Alabama fves, 60
J. e6; do. eights, 20 %; do. Fights, Montgomer
n ana Eufaula Railroad, as %; South Caroliu
3 skies, So co. do. new, January and July,
\ q sah; do. d., April and october, SIX O 81
r. Arkansas skies, funded, 81 so.
- THE RAILROAD BONDS.
The following were The bids for the railroa
pcnds:-,
New York Cen 6's 1885, SO Tol 4 wab equip BIDS -. So