The New York herald., 1872-11-21
NEW HERALD THURSDAY NOVEMBER 2 2-TREPLE SHEET

~
| printed thus-PREsBNTs- the letters being or
the same size-while In the genuine the initial let
ter is larger than the others. thus-PREsENrs. The
| bonds were consigned to this market from the
| South. Parties who bought OF members OF the
Stock Exchange can compel the counterfeits to be
taken back, as by the habits Of business in Wall
street all securities can be traced to the original
sellers, even through intervals Of many years.
THE CITY BANK srocKs.
The following were the bids for the city bank
shares:-New York, 1872; Manhattan, $50: Mechan-
fcs, 1893; America, 161; City, $50; Phenix, 101 !;
Gallatin National, 11S; Merchants Exchange, IS;
State OF New YORK, 1o7; Commerce. 1loX; Mer-
camille 1856; Hanover, 90 Irving 1875 Metropolitan,
1872: East River, IFS; Market, 1885, Continental SO;
Commonwealth ss,z; Importers and Traders 165;
Park, l49; Manufacturers and Merchants 100; New
York National Exchange, s7 Fourth National
HOY; Ninth National, 1lo; Tenth National SO;
Oriental ITO; Gold Exchange no; Bankers ana
Brokers' Association, so.
GOVERNMENTS LOWER
The government list was lower, In sympathy
with the decline In gold, and despite the extra pur
chase OF bonds by the Treasury Department. Ine
yielding was y o u per cent, while the decilne III
gold was Il a Il per cent The currency bonds were
firm, with good inquiry from investment seek
ers The following were the closing quotations.
United States currency SKIES, 1917 1l3,l; do. do,
1884, registered 115X 11e; do. do, coupon, 1857
116jS; do. fve-twenties, registered. May and No
vember 112x 1l2X; do. do, 1862 coupon, do,
112x 112X; do. do, 1884 do. do 1928 112zs; do
do, 1885, do do, 112N 1lah; do. do 1867, regis
tered, January and July, 115 o 1857; do. do,
1866, coupon do, 115 115h do do, 1857, do. do,
1862 115H; do. do, 1868, do. do, 1l5 115A;
do. ten-forties, registered, 1O7k 1Os; do. do,
coupon, los 108z; do. fves OF 1881, registered,
109% ITO; do. do, coupon, 109'< ITO.
SOUTHERN SECURITIES FIRM.
The Southern State bonds were rather more
active, with q frmer tone, the leading feature
being further Improvement in the Tennessees,
which continue to creep slowly upward The Vir-
ginia consols and new South Carolinas were better
20 the extent of "a q per cent. The general list
was steady and closed as follows Tennessee, ex
coupon, Is 75h; do, new, rs 75h; Virginia,
ex coupon, Al so; do, registered stock, old, 3s
Al do, skies, consolidated bonds 55A a 561&; do.
slxes deferred scrip, 10 a II; Georgia skies, 70
so; do. sevens ss 90; North Carolina, ex coupon,
35 81; do. to North Carolina Railroad Al 40; do,
funding 1885, 2S so; do do, 1868, 20 20; do new,
21k rs; do. special tax Is q 10; Missouri skies,
es ae3A; do, Hannibal and st. Joseph, 81 90; do.
skies, so 5s; do new, so 81; do. levee sixes so
60; do. do eights, 10 rs; DO do. eghts, 1876 10
IS; Alabama ives, 81 60; do. eights, so s6;
| South Carolina skies, so So; do, new, January
and July, 24A a rs; do. do, April and October,
27 80; Arkansas sixes funded, As a 80.
STOCKS UNSETTLED, CLOSING STRONG.
| The stock market opened weak outside OF Pacific
Mail and declined u per cent in the interval to
the second board, after which there was rally and
a subsequent advance, following the relaxation in
the money market and the development OF cor.
I4~% Tu1 uNvA hair frr
nished at an early hour with the intel
ligence Of the safety OF the steamer Arizona,
as narrated in our news columns elsewhere there
was an immediate rise In Pacific Mail to so almost
as soon as the board opened. The advance brought
out Sellers and the large offerings OF stock caused
a reaction to 864 but second advance followed
and the price at the close had recovered to within
q fraction OF the highest OF the early excitement
consequent upon the news Of the
SAFETY THE ARIZONA.
After Pacific Mall and eclipsing 1t In itswide luc
tuatons came Northwestern, which advanced from
sa9s to 95-or nearly IL per cent. AS stated in the
HERALD, the "bull' and 'bear' cliques in this stocl
made up their quarrel and illustrated the repeti
tion OF history by running up its price, they die
that OF Pacific Mail q month ago. Indeed, the lead
ing spirit in both specuations is the same person
viz, Jay Gould, who by suddenly casting his for
tunes with the StOckwell party one day enabled
the latter to expedite their uphill operations In
Pacific Mail and put the price to 103 He next
took part with an Inexperienced and bungline
pool In Northwestern, who would probably have
been bankrupted by the superior strategy of the
Tracy party had he not joined them and check
mated the 'bear' clique, making victory number
two Of the series which he contemplates winning
In his conquering march, like Grant swinging
around from the Rapidan to Petersburg. The
| Hmm n ind mi tuO mon ha
THE PLANS OF JAY GOULD
and the 'bull' cques, and told the public IL was
their intention to visit the leading features OF the
stock list successfully and run up the quotations
The success OF the "bu" clique in Northwestern
is all the more remarkable as the "bcar'' clique
included a number OF the directors of the road
Jay Gould forced them to a settlement, as stated by
ue in this mornings paper, and both sides are now
working to sell their load fstock to the public. II
is thought that the clique did not intend to put
the price higher than So SO to-day; but these
figures frightened the "bears," and also caused
the execution Of q number of ''stop'' orders on
''shortr account, the consequence being general
scramble, in which the price rose to 95 This s the
highest quotation for Northwestern since the Win
ter Of 1s6s-69, when it was ten per cent dividend
paying stock. The weaker feature carly In the day
was Western Union, which went or to 751a on
continuance OF rumors that the company were sell
ing their stock, but rallied to 76s on heavy orders
which were thought TO be for account of Jay Gould
the purchase OF about twenty thousand shares be-
ing credited to that now potential name.
In Philadelphia Reading declined to 114s.
HIGHEST AND LOWEST PRICES.
The following table shows the highest and loves
prices OF the principal stocks during the day.
Highest Lo,cest
New York Central. Observation-Disclosures. 93h 93
Erie ........................... 63ss t2L