The New York herald., 1872-08-24
Clev 4 Tol sink I'd .
SOUTHERN SECURITIES HEAVY.

TsI RS fsgS Sa. "a s Ssy;%s' g g.
Toi$ rS @Is ism iss 81 s. div S0''' Erie
SOUTHERN SECURITIES HEAVY.
The Southern list continued dun and was seem
ingiy made heavy in tone by further decline OF
about one per cent in the new South Carolinas.
which securities were not :ayoraby Influenced 10y
the character of the Convention proceedings yes
terday. The changes, in the rest of the list were
not of moment, prices closing rs iollows:-Ten-
nessee, ex coupon, ,3a. "a; do, new, 1874 "a;
virginia ex coupon, 46 so; do, registered STOCK,
old, 3s AZ; do skies, consolidated bonds, 81
SIS; do. skies, deferred scrip, 1875 Il;
Georgia skies, 73 rs; do. sevens, 81 30;
North Carolina, ex coupon. So u "a; do, TO North
Carolina Railroad 40 so; do, funding, 1866, 70
81; do do. 1863 % % do, new, 20 %; do spe-
cial tax, IA Is; Missouri skies. a3i "a; do Han
nbal and st. Joseph, 81 92; Louisiana skies, 80
81; do, new 4S 52 do. levee skies, GOA 6j do.
do, cghts, 20 rs; do. do, eights, 1875 20 50;
Alabama nves 81 a 60; do. eights. 81 IS; South
Carolina skies, So 50; do, new, January ana July,
251s 26a4 do do, April ana october, 2aa %;
Arkansas skies, funded. At a 10.
GOVERNMENTS UNSETTLED.
The government list was unsettled and after
considerable weakness at the time gold declined to
Il3i., recovered and closed steady. The improve
ment both in tone and prices was quite marked
utlef tnt fellNatlOn Ill the money HdIkct. fiiN
following were the final quotations limited States
currency skies, l2ai 113; do do. sixes $751; reg
istered lli7s rs; do DO. coupon, 1l62a l17 do.
Gyctwcntes registered, May ana November, 1l5 u
1l5f DO. do. 1867, coupon, do ia 1855 do. do,
1864 do do. 1l5 49, do. do 1865, do, do, 1l5is
q 1l6: do. dO, registered, January and July ia
1l4i4 do do, 1865, coupon do, ll4 ll4a; do do
1867, do do, ll4a ll45S do. do 1865, do do, ll4}
1149< do. ten-fortes registered, 1881 a 10sls do.
do, coupon 1l2i4 ll2t do ves of 1881, register
ed, ll2i ll2is do. do. do, coupon, ii2A4 ll2li.
STOCKS LowEK--snARp DECLINE IN ERIE.
The early activity in money, assisted by heavy
fall in Erie led to lower prices on the Stock EN-
change, and decline of x q per cent in the
general market the impression having become
widespread that the usual Fan activity In money
had set in, and that the immediate future could
offer no prospect Of easy rates to borrowers on
stock coaterals. However much this view is con-
troverted by the actual condition of affairs in Chi
cago, since the elimination Of the wheat corner
it served to occasion feeling of
DEPRESSION
among the "bus'' and induced n slow selling move
ment until after three O'Clock, when the extraor
dinary relaxation to per cent for money served to
cause reaction of = q per cent and stimulated
the hopes of the bulls anew. Erie still chasing the
erratic London market opened at 49st and dropped
to 461, closing at Al. These changes were attended
by comparatively little business, the domestic
speculation in Erie being only lukewarm and dis
trustll The great decline abroad is said 10 be the
consequence of the failure OF the Messrs.
GLEDsTANis AND CO.,
OF London, but II this theory Is correct wider
nuctuation ought to have been recorded in other
securities dealt in ut the London market Another
hypothesis is that the rise OF eight per cent the last
few days Is due TO rapid speculation on the part
OF the Messrs. Raphael Il Co., VINO took advantage
OF the return OF McHcnry 4 Homan to London to
run up the price and unload the remnant OF stock
which they had been carrying since the times of
'.protecton.' IL connection with the decline it is
said
THE ERIE EARNINGS
| for the current week will SHOW decrease of
100000, as compared with last year. Panama was
exceptionally strong and advanced to 1S3. Bos-
| ton Hartford and Eric declined to 6is. A great
deal of borrowed stock returned to-day bs the
..bear'' cques, indicating closing OF their interest
on the ''short' side. AS these parties were also
paying Off their gold loans their change of tactics
in stocks may be the counterpart Of their conduct in
gold The situaton' in Wall street is just now
unusually interesting.
NEW DEVELOPMENTS
and schemes are forthcoming which will doubtless
surprise the public Tue latest designs and plans
OF the chques VIII repay watching. Inc Heading
Railroad Company announce new convertible
loan lor about nine mons) to be offered to stock
holders at par in the proportion of 80 per cent OF
the STOCK the transfer books closing September 4
! for subscriptions. The bonds are to run twenty
years and bear per cent interest, being con-
vertible into stock at option of holders after July l.
1876 The proceeds will be devoted to extending
the coal mining operations OF the company and to
building freight steamers in connection with the
| enlargement of their coal trade. The stock in
Philadelphia was quoted ll6i4 The earnings Of the
st. Louis and Iron Mountain Railroad for the sec
ond week in August were $49,32a, against $3l, ,'43
last year-an increase OF S17,5S0.
HIGHEST And LOWEST PRICES.
The following table shows the highest and lowest
prices of the principal stocks during the day
Hig0est. L0West.
! MY. NEUTRALITY-SUSPICIOUS.. yIss 81
| Erie.... NEUTRALITY-SUSPICIOUS.. 4oS4 4G1S