The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-06-29
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SOUTHERN SECURITIES STEADY.


The Southern State bonds were generally steady,
with the Tennessees and new South Carolnas mod
eratey active. The following were the closing
quotations Tennessee, ex coupon, TAX a rs; do,
new, "a rs; Virginia, ex coupon, ~ q so; do,
registered stock, old, SO 43; do. skies, consol-
dated bonds, 64h 65k; do skies, deferred
scrip, l6h IT; Georgia Axes, IA IS; DO.
sevens, 80 81 North Carolina ex coupon, IS q
q 36 do, to North Carolina Railroad, 20 As; do,
funding, 1865, 20 a 80; do. do, 1858, % 25 do,
new, 23h rs; do, special tax, Is 10; Missouri
skies, 9Th 9s; do. Hannibal and st. Joseph, 94h
96; Louisiana sixes so So; d. new, 90 "a;
do, levee skies, 80 o5 do. do. Fights, rs 80; do.
do. eghts, 1875 so IS; Alabama fves, 80 65; do.
Fights, 81 90; South Carolina skies, SO a So; do,
new, January and July, 80 a soh4; do. do, August
and october, % 90; Arkansas skies, funded,
SIS q 60
STOCKS DULL AND IRREGULAR.
The stock market was again very dull, and would
have been stagnant were 1t not for the animation
OF Erie and Pacific Mail The early movement In
Erie was quite strong and the price recovered to
81, In sympathy with better market in London,
and on the discovery that the 'short" interest was
so large as to create an active borrowing demand
for the certificates, as high as 1l8 per cent having
been paid for their use in this afternoons de-
veries. Subsequently the price fell Off to 543, the
whole market at the close showing disposition to
react from the pressure made in the forenoon to
get up enthusiasm on the strength OF the settle
ment OF the indirect claims as well as the forth
coming heavy disbursements OF
JULY INTEREST.
These efforts were more successful with Ohio and
Mississippi which advanced to 461s the road being,
at the same time, represented as doing unusually
well in the matter of traffic and surprising largely
ofnro
however are slow to take .'points," as II their
energies In inverse ratio to the altitude ofthe
thermometer The dulness OF the day is illustrated
by the utter absence of Wabash from the list OF
sales. With reference to
ERIE AND THE ELECTION
for directors set down for July TO- curious discus
sion has arisen. 1t Is well known that many stock
holders OF record on the 10th OF June, when the
transfers closed, sold out their stock "for turn
and with the intention OF buying 1t back at lower
prices The question at Issue is whether such stock
holders can vote at the election, If they have,
meantime, bought back their stock. 1t is held by
many that the inspectors may require the
CERTIFICATES BE SHOWN
on election day, in which case not one voter in a
thousand who had sold and rebought his stock
would be able to produce certificates in his
own name. The following are the extracts from
lead to great deal OF litigation:-
SEC. cit shall not be lawful at any election
for directors OF said company for any or per-
sons to vote either In person or by proxy upon any
stock standing in his her their name the books
OF said company, In he, she they has have
parted with his, her or their interest In such
stock and no longer has or have possession or con-
troll Of the stock certificate therefor when his, her
or their vote thereon Is offered to be cast
The inspectors shall be entitled to examine upon
oath any person Offering to vote upon any stock at
any such election, either as principal or attorney,
in respect to the existence within his knowledge OF
being voted on by him In virtue OF the foregoing
provision of this section; and If such disqualiica-
ton shall be satisfactorily shown to the inspectors,
either by such examination or otherwise, the vote
shall be rejected.
The books for the exchange Of New York Central
scrip into stock will close tomorrow and remain
closed until August l. Canton weak and de-
clned to 81.
HIGHEST AND LOWEST PRICES
ha fol IN tah he Uhpst n