The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-01-23

Inc price Iell OH 10 1854. Ahe course VI
ls shown in the tablet
II A. M........... 100 ST. M ........... iOsn
IAN; ;......."... !o9 *: M ..:........... 1851
In the gold loan market the rates for carrying
ranged from to per cent. The operations Of the
Gold Exchange Bank were as foOws:-
0O!d cleared. $685. 400, 900
Ev.u uaaiio1s !,1l5'2oS
Ourreucy paances...... l9O7,89S
The sub-Treasury paid out $4,000 sold for
scaled" 1928 and $40, 900 on account of January
interest.
GOVERNMENTS STEADY
The government list was moderately active ana |
firm, but without any essential variation In prices.
The new 1ves were In good request over the coun-
ter and bid fair to be tavorite investment with the
more conservative classes of savings banks de-
posltors, who just now are more concerned for the
safety Of the principal than for the rate OF interest
The following were the closing street quota
tlons:-United States currency skies, ll5H q
115; do sixes 1881, registered, 1l4ss 114a1 do.
do, coupon, 1853 n5T; do. fce-twenties regis
tered, May and November, 110A 11OH; do. do,
1852, coupon do 1lOA HOY; 10. do 1854, do. do,
11Oa 110T; do. do., 1866, DO. do, l1lx a 111I;
do. do, 1887 registered, January and July. 1llx
111X; DO. do, 1866. coupon, do, Ill Xix; do.
do 1857, do, do, 1927 1928; do do, 1868, do.
do, 112s 112sl; do. fves Of 1881, funded, regis
tered, 10S4 1925; do. do. de-, coupon. ITO 11OA:
do. ren-fortles registered, 1907 ITO; do. do.
coupon, 1l0}S l1ol8.
SOUTHERN SECURITIES QUIET.
The Southern list was quiet, even for the Louis |
anas, when, In view OF the commoti0n the
State, might have been deemed temptation TO
speculative II not TO legitimate sellers. The bonds
are true lower than before the beginning the
present troubles, but the Treasury Department Is
ransacting business as usual and quietly buying
bonds for the sinking fund in the midst Of the ex-
element The Tennessees were strong OF 81 and
Virginia consols better at 51k The South Carolinas
were weak, and the new July issues sold as low
as 2eN. but recovered In the AFTERNOON. The
Missouris were steady despite the Houses endorse
ment Of the Senate till to pay the maturing E;ands
IN currency-a measure sure Of defeat under the
veto Of the Governor. The f"''"~'--
closing slreet quotations: -Tennesseo az couron
ooN Oh; do new, 66A o.; Virginia. AZ common
w.. nv oo'' registered old, A Q 4S; do sixes. con.
sodated bonds, SIX 81; do. SKIES deferred scrip,
II IS; Georgia sixes 70 a 49, do. sevens IS q So;
North Carolina, ex COUPON SO O "a; do. funding
1866, % q "a; do funding, 1885, 10 20; DO new 10
II; do, special tax, IL 49, Missouri skies. 0eX
OF; do, Hannibal and 81. Joseph, osX o.; Louisi
ana skies, IS 60; DO new. so IS; do. sixes levee
90 65; do levee eights 10 80; DO. levee Fights
1875, 20 so; do Penitentiary seyens, eS 70; do
railroad Fights, 10 80; Alabama nves 90 a e5; do.
Fights, 90 95; do. Fights, Montgomery and Eufaua
Railroad, 81 90; South Carolina sixes so 65 do.
new January and July, 81 20; DO. April and Octo.
ber 20 Q %; Arkansas skies, funded, IS . 90.
STOCKS ACTIVE AND UNSETTLED.
The stock market opened quiet ana fairly steady |
outside OF St PAUL. which, the publication of the
action of the directors on Saturday in passing the
dividend, dropped to IS and was for q time offered |
at SAX, but without sale lower than the previous
figure. AS counterpart to this case Of |
individual weakness Union Pacific was active |
and strong, advancing to S9H and involv.
ing heavy dealings in the vicinity Of so.
A resi- movement in western Union also achieved
rise IN that stock to 74Js-the highest price yet
reached In the current protracsed speculation
therein. During the mornii. there was, with all
this steadJness In the general maiSet. depressed
feeling rs II some evil were impending, ne cause
Of which, for long time not comprehended by the
crowd OF dealers at the Stock Exchange, was !
at length discovered to be q revival of
the Old anxiety about the savings banks, |
several more Of which were reported In trouble.
When still later the rumor was circulated that q
savings bank panic was spreading over the city,
active weakness set In, ana in the scramble to sell
stocks the whole market went down quite sud.
denly, western Union falling two per cent and
heading the decline, which tapered OF TO as little
Reading, where the previous speculation had been
least active. But the Kaleidoscope went round
once more and this time offered an entirely differ
ent picture; the evening journals came down town
with denial OF all the stories about the savings
banks; the sbears'' saw grand hoax; the little
.bulls', who had lost their stocks suspected "a
SCOOP" sbears" and bulls" rushed for the stock
Exchange and endeavored 10 rectify their
mistakes and retrieve their losses, and
up went prices again, almost as rapidly
as they had fallen, but not to- the
stage from which they had started, although had
time been given to niaht that contamination might
have been attained. In one instance, VIZ, Erie
and the fact was taken to mean business this
t,mc-the rise was continued until Its price at the
close was higher than the best before the furry.
Indeed. as the brokers were executing their final
orders for the evening, amid the excitement attend
ing this sudden reaction. an impression some way
got abroad that the oriental heather had paid one
OF his periodical visits to the Stock Exchange.
HIGHEST AND LOWEST PRICES
The following table shows the highest and 10 ".
est prices OF the principal stocks during the day.:
Highest Lotcest
New York Central. ............. 9sk ok
New York Central scrip......... 93H 93
Erie. ........s................ S4H 32I
Reading. .....s.................. ia 1884
Lake SnOre....'. ...s.ss......... w 9OA
WABASH. .............s..s.ss.. 749 73sS
NORTHWESTERN. 14A 73M
Northwestern preferred. 03X ocX
ROCK ISland.. 1llI ITO
81. raul. s..s.ss....'..s Ola 90
st. Paul preferred .............. 50 SO
OHIO and Mississippi. ............ 4SI AK