The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-07-17

heavy hoods throughout the South and the damage
to the crops and property they involved. The Ten
nessees were only steady Virginia cOnsols and
North Carolinas were lower, and the South Caro-
llnas weak at considerable decline, the July issues
having fallen to 27A. The market was at the same
time quite dull 1t being dincult to get any close
quotations for other bonds on the list than those
above referred to. The following were the
CLOSING PRICBs.
Tennessee, ex coupon "a o rs; do, new, "a o rs;
Virginia, ex coupon 4n so; do. registered stock,
old, IS q As; do. skies, consolidated bonds,
81 81; do. skies, deferred scrip 1S,s II;
Georgia skies, u Is; DO. sevens, 81 90;
North Carolina, ex coupon, 80 sSh; do to North
Carolina Railroad, 40 Q 80; do. funding, 1880, %
20; do do, 1883, % Is; do. new, Fl ~; do spe-
cial tax, 14k 15H; Missouri skies, s4,s OAK;
DO. Hannibal and st. Joseph, ok o.; Louisiana
skies, so 80; do new, so 30; do. levee skies, 81
o5i DO do. Fights, 70 80; do. do eghts, 1875, 70
q IS; Alabama flves. 80 IS; do. Fights, "a 81;
South Carolina skies. IS a 90; do, new, January
and July, FIX %; do. do, April and October, 20
n; Arkansas skies, funded, SO 3d.
STOCKS DULL AND STRONG
The stock market continued very dull, and was
only relieved from utter stagnation by the coinct
dent activity In Erie, Pacific Mail and Northwest
ern-a trio of stocks to which the business OF the
summer so far has been chiefly confined. An I'm
proyement in Erie had the effect OF communicating
strength generally, especially as 1t was fully rival
LED by an advance in Pacific Mail. The better feel
ing in Erie was due to the important measures
adopted by
THE NEW ERIE BOARD
OF Directors at their meeting this afternoon. The
proposed abrogatlon Of the scandaious contracts,
by whlch the railroad was made the instrument Of
enrlchlng corporations organized or controlled by
Lara Erla thn inn "a m n
measures as affects the price of stock, and its sug
gestion as well as all the good intentions expressed
to-day bt the new board In their resolutions, would
have had more influence did not the fact underlle
all that the present administration OF Erie was the
selection OF the
ATLANTIC AND GREAT WESTERN
party whose interests cannot be in human nature
secondary to those Of the Erie road. This Is the
cloud which overshadows Erie, despite the excel
lent material in the new direction. We give In an
adjoining column faithful and detailed account OF
all that was done at this interesting meeting the
proceedings of which will doubtless be read with
avidity on both sides Of the Atlantic. The advance
In the stock was about one per cent as compared
with the average price OF the previous day. The
rise In Pacific Mail for to-day was nearly as much
and excited considerable curiosity as to its cause
the fact being generally known that
THE PACIFIC MAIL CLIQUE
were not doing anything OF any extent, and were
rather disposed to await the return OF the fall &C.
tivty before resuming operations. The story about
further stock dividend on New York Central to
raise the capital to $lOOOoO,ooo was revived, the
additional stock to be awarded to present stock
holders and marked fully paid for consider.
alton Of only 40 per cent cash. On the other hand
came the discouraging report that within three
days the road would be In the hands Of the Sheriff
unless the tax due the government on the scrip
dividend was by the end of that time duly liqui-
dated.
HIGHEST AND LOWEST PRICES