The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-09-23

llnas and thosTennessees were moderately active,
and underwent the fun extent OF the nuctuatio'a
referred to, recovering at the close and winc.ng
up strong. The following were the final quota
tons, inclusive OF those for the leading Southern
railway and municipal bonds:-Teney .ssee, ex
coupon, ~ q 721l; do, new, 72 IN; Virginia,
ex coupon, 46 so; do, registered stock, DID,
81 40; do. skies, consolidated bop.ds, 60 81 do
sixes deferred scrip 10 10; Georgia skies, 10 o
Is; do. sevens IS a So; North Ca.rolina, ex coupon
80 a "a; do, to North Carolina Railroad, A AZ;
do. funding 1866, "a 25; do do 1868, n a %; d.
new, 20 a %; do, special tax, 10 q IA; Missouri
skies, 92N 92k; do, Hannibal and st. Joseph, 80
81 Louisiana skies, SO 81; do, new, so o IS; do,
levee skies, SO IS; do. do eights 10 rs; do. do
Fights, 1875 10 49,, Alabama fves, SO 62; do
Fights, SO IS; South Carolina skies, As s.; do,
new, January and Jvly, "a %; do. do, April and
0cober, PAX 2s;LArkansas skies, funded, As a So I;
Mobile and Ohio Railroad sterling, 90 q 90;
do interest eights, SO O So; DO. second mortgage
Fights, 10 so; Mississippi Central Railroad first
mortgage sevens, SO 90; do. second mortgage
eights, 81 81; New Orleans and Jackson first
mortgage. 90 o 92; do, second mortgage, IS q 81 /;
Memphis and Charleston Railroad first mortgage,
81 90; do. second mortgage so q SO; Green
vile and Columbia Railroad guaranteed by South
Carolina, As o so; Macon and Brunswick Railroad,
guaranteed by Georgia, IS O 20; Memphis City
skies, 80 "a; Savannah City seveps So SO;
New Orleans consols, old, e5 20; do issue rail-
roads, sixes e5 70; do. sevens, So 81.
THE BANK STATEMENT.
As consequence OF the :" locking up' operations
of the clique, the weekly statement of the asso-
ciated banks proved very unfavorable, and those
institutions now, In their aggregate condition,
sSS2475 below the limit of reserve which the law
requires them to keep on hand this occasion being
the second In their history that the legal line has
been encroached upon, the other having been
during the crisis OF last October, pending the panic
following the fire at Chicago. 1t Is true the deficit
Is not large but the fact of deficit at all Is some
thing that the well-regulated financial mind would
have been shocked at few years or even year ago.
But precedent having been made last October when
the enormous expansion Of the banks rendered them
readily susceptible to the dangers Of panic, and the
impairment Of the legal reserve on that occasion hav
ing been allowed to pass without rebuke from the
Secretary OF the Treasury the banks glided into
similar condition Saturday without exciting much
sensation In Wall street as would be made by the
playing Of hand-organ before the door Of the
Stock Exchange. The luckess "bears' shook their
heads sagey and prOphesied the drest calamities
| as coming, but the bulls'' summed themselves In
the mellow sunlight Of the beautiful Fan weather,
derided their forebodings and pointed to the ease
in money and the strength Of the stock market
| THE CHIEF FEATURES
| OF the statement are q decrease OF about eight
and half millions in deposits made up Of con
traction Of nearly four millions in loans and loss
Of nearly four millions in legal reserve, the
decrease in greenbacks being over $s,6oo,00o
The decrease in specie is 80 small in face Of the
heavy customs payments of the week and the clock
ing up" operations OF the clique that the explanation
suggests itself that the Canadian banks sent US g
great deal Of gold during the week to the high
rates it was worth, and hence the inability of the
clique to keep up the stringency. The statement
was regarded as an Illustration Of the very worst
the clique could effect, and hence the seemingly
paradoxical strength Of the stock market after its
publication. The total averages of the week com
pare with last week as follows:-