The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-06-05
SOUTHERN SECURITIES HEAVY.

| SOUTHERN SECURITIES HEAVY.
The Southern State bonds were dull with heavy
tone, and the Tennessees were lower to the extent
OF fully one half per cent A movement is on foot
to revive the litigation In the Courts OF Virginia,
having for its object the compulsory reception OF
the consolidated coupons In payment Of taxes ,Ad-
vices from Columbia assert the prompt collection OF
taxes in that State, preliminary to the resumption
OF interest payments on the bonds. The printed list
OF sales below will show transaction In some OF the
new issues OF South Carolina bonds, lcgalized by
the late Legislature, among them the I per cents
OF 1888, which sold ut 3sk The North Carolinas
were frmer and after sales at 3Ox were not offered
at less than BIZ. The following were the closing
prices Tennessee, ex coupon, y o 72K; do,
new, 70 72k; Virginia. ex coupon, ~ Q so; do,
registered stock, Old Ss As; do, skies, consoli
dated bonds, SAX 65 do. skies, deferred scrip, 10
a l7h; Georgia skies, "a a so; do. sevens, IS 90;
North Carolina, ex coupon, 3OS sly; do nund-
Ing 1868, "a a 20; do. do, 1858, q o "a; do,
new, 20 q 81; do, special tax, lax q 1SK;
Missouri skies, oek 81; do, Hannibal and st.
Joseph Railroad 9s o.; Louisiana skies, go q e5;
do, new, 65 60; do. levee skies, IS q OF; do do.
Fights, 10 50; do. do. eights, 1875, SO 81; do,
Penitentiary sevens, 90 70; do railroad Fights, 20
80; Alabama lves, 90 a 65; do. Fights, So o.; do.
Fights, Montgomery and Eufaula Railroad, 85 a 90;
South Carolina skies, SO IS; do, new January and
July, SAX 34a1; do. do, April and October, 31K
80; Arkansas skies, funded, SO co. Ta
STOCKS DULL. HEAVY AND LOWER. . n
The stock market lost its strength under the
wider canvass Of the situation OF the Supplemental
Treaty. and became DUH and spritess after an hour
or 80 Of moderate steadlness, II rmness In the
early forenoon, and thenceforward dropped to lower
prices, the decline ranging variously from " to X
per cent. yesterday the printer, whose views OF
the market are not always orthodox, Insisted on
limiting the days nuctuation to n per cent, al
though the money writer had given 1t as his expe-
rience that the variation was TX per cent. These
emendations by the typo will occur In the best
regulated paper.) On Monday the ratification OF
the treaty was accomplished by Wall street. and
our news columns, in reporting side by side the
sentiment In Wall street and tho facts In London,
offered the public striking contrast between
opinion and reality. To-day the total failure of the
treaty was foregone conclusion, ana stocks re.
fected the less enthusiastic feeling Of the street.
where, despite agrowing indifference as to tho re-
suit OF the negotiations, sort orimpresson existed
that the whole thing would yet be amlcaby and
satisfactorily adjusted We may also look for the
cause Of the weakness In the absence OF many of the
leading spirits Of the market, who have
gone to attend important stockholders meet
ings the Rock Island, O. O. and l. G.,
Canton, and New York Central annual elections,
being held tomorrow, to be followed by those OF
Northwestern and st. Paul on Thursday and Satur-
day respectively. Canton, In anticipation Of the
election Of Daniel Drew to the Presidency at the
meeting In Baltimore tomorrow, jumped to 97X,
being exceptional feature in respect OF strength
Its example being emulated by Harlem which re-
covered TO 121A.
HIGHEST AND LOWEST PRICES