The New York herald., 1872-12-13

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SOUTHERN SECURITIES IRREGULAR.
| The Southern State bonds were irregular in
prices and movement, but the dealings were at
tended by increased activity. The Tennessees
opened strong and advanced to SO, hut receded to
| slh for the old and slh for the new. The new
South Carolina July issues advanced and the Oc-
| tobers declined Virginia consos were buoyant
and strong. The following were the closing quo
tations Tennessee, ex coupon, 81 sly; do,
new, slH . SO; Virginia, ex coupon, 47a so; do.
registered stock DID, 3S AZ do. sixes consolidated
bonds, SIX 5S do. sixes deferred scrip 15h 16;
Georgia skies, 70a so; do. sevens, 81 q 90; North
Carolina, ex coupon, 35 81; do. to North Carolina
Railroad, 80 IS; do, funding. 1856. 27 a 20; do
do, 1868, 25 49, do, new, 81 "a; do, special tax
10 10; Missouri skies, 94h . 95; do Hannibal
and st. Joseph, 90 . %; Louisiana sixes SO Q IS;
dO., new, so 55; do. levee skies, so 81; do. do
eights 05 IS; do. do. eights, 1876, 65 IS; Ala
bama fves, 55 90; do eights. 80 So; South Caro-
lima sxes SO 55; do, new January and July, 24,l
25; do do, April and october, 20 a 81; Ark
ansas skies, funded 43 q 46.
GOVERNMENTS DULL.
The government list was extremely dull, owing
W VIC ucTbHxemcut, UT NATURALIZATION, rhJner, OF
business by the decline In gold here and the ad-
vance in bonds in London. The market eventually
closed firm at the quotations of the previous even
ing, or, at an Improvement in gold quotations of
fully per cent follows limited States currency
skies, l12 112H; do. skies, 1881, registered,
113H 1132<; do. do, coupon, 117% 1l7T; do.
fve-twenties, registered, May and November 112T
3 1l3H; do. do, 1862, coupon, do, 112T q 113h I;
do. do, 1864, do. do, 112X 113H; do. do. 1865,
do. do, 113A 113A; do. do, 1867. registered,
January and July, 1l2A 1929; do. do, 1855,
coupon, do.. 1853 1l5I; do do, 1867, do. do.,
116H 116a; do. do, 1868, do. do, 116k 116% |;
do ten-forties, registered, 109h 1O9s.; do. do,
coupon, 1o9s 109ss; do. fves Of 1884, registered,
11O& 11lh do. do, coupon, 110A 1l1A.
STOCKS ACTIVE AND UNSETTLED.
The stock market opened strong and eventually
became buoyant, one Of the features OF the day
being the extensive number ofpurchases at buyers
option Of thirty to sixty days. illustrating the con.
fident expectation OF q higher market after New
Years. This expectation is not unreasonable. in
view of the drift of the money markets here and In
London, Germany and the whole of Europe. The
Bank Of England rate is likely to fall to per cent
within the next few months, especially as Ger
many will flood Europe with money after New
Years in the process OF redeeming the loan cre-
ated for carrying on the war against France. With
the advent of the New Year there will be an unin-
terrupted
FLOW OF MONEY
to this city from every quarter Of the country and
an accumulation all the greater this coming
Spring that the national bank currency
is nearly twenty millions more than 1t was
last year. When country bank becomes
stocked with currency as 1t usually is in the
IDLE season now approaching, it sends the money
to New York for employment or call, and hence the
glut OF money at this centre every Spring and Sum-
mer. Money Is now coming here from the West
although there is still little demand from the
South, and the money market would be easier than
recorded from day to day were 1t not harassed and
manipulated by the stock-jobbing cliques in Wall
street. The chief features in the stock speculation
to-day were Pacific Mail, Western Union, Rock Is.
land, wabash and
HANNIBAL AND ST. 10.
The last mentioned advanced to 49X for the
common and 70 for the preferred. Western Union
advanced to so and Wabash to 72h. Pacific Mail
was hammered all day by the Stockwell party. but
with Indifferent success until near the hour Of ad-
journment when it broke to 1914, carrying with 1t
the rest OF the active features, to the extent OF
a 2 per cent The desperation of the "bearn
clique in Pacific Mail is instanced by the frantic
character OF their operations this evening It
should be remembered that genuine desire to sell
stocks is not gratifed at fifteen minutes, to four
O'Clock, when three-quarters of the street has left
business Owners OF
PACIFIC MAIL
should be careful about lending the certificates as
the market is very probably oversold and "cor-
ner imminent. The clique have endeavored to
prevent the lending Of money on the stock, but II
the holders will try they will find that the stock is
worth more than the money according to current
49,
up money to cause break in the general stock
market and put down Pacific Mail. But money
eluded their control this afternoon and hence their
desperate assault on stocks later in the day. The
Delaware, Lackawanna and Western Railroad
directors met to-day ana decided to pay no divi-
dcnd In January Travellers on the line OF the road
say that II the directors would attend to the man
agement OF the line and compel the
REGULAR RUNNING OF TRAINS
there would be more hopeful prospect OF returns
for the stockholders. Panama advanced to 1856 on
the declaration OF dividend OF three per cent for
the quarter ending December 81 but was Knocked
down to 100 by the Pacific Mail pool in their subse-
quent determination to sacrifice everything to
their main speculation. In the case OF Erie there
was rise corresponding Almost precisely to the
London Improvement, and in Boston, Hartford and
Erie sales at ga, with decline to 81 and reac-
tlOn TO va. RUIN lsdHu WeuJ OH III tne excite
ment at the close to 11l'< as against 113a 1l3H,
the quotation In the earlier hours OF the day.
Northwestern continued neglected and nominal
HIGHEST AND LOWEST PRICES
The following table shows the highest and lowest
prices oil the principal stocks during the day.
Highest Lo,oest.
New York Central. ..."......... 96I 90
Erie. ACKNOWLEDGEMENTS. 53L So
Lake Shore re...................... 94ss %
Wabash h..........................7 72I, II
Northwestern n.................... S3A S1iS