The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-01-24
GOVERNMENTS LOWER.


the government list was depressed and lower, but
cline was not important. however. and barely ex-
ceedod y per cent even IN the issues most Affected
The following were the closing street prices:-
United States currency skies, l16H q 116h;
do. skies. 1881, registered ll411 114a<; do. do.
coupon, 116K 1l5%; do. nve-twenties, regis
tered, May and November, ITO 11OA; do do,
1882 coupon, do 1l01I 11OH; do. do, 1864, do do
l10X I1Oh; do. do., 1865, do. do, NIX Ill u;
do do, 1867, registered. January and July. 111x
11lN; do. do 1885, coupon, do, 1lOH 11OX; DO
do, 1867, do do, 1121S 112x; do, do, 1865, do
do, 1875 1929; do. ves Of 1881, funded, regis
tered, 1oS1s 100; do. do do, coupon. ITO 1lOX;
do. ren-forties, registered, 10ax 1929; do. DO,
coupon, 1l01k 11OI. rr---r - So
SOUTHERN SECURITIES STRONG.
The Southern State bonds were strong and higher,
In direct and striking contrast with the speculation
In stocks, although the Improvement did not rcpre.
sent much activity. The Tennessees advanced to
67T while the new South Caroinas opened with
one per cent rise and held 1t throughout the
day. Mss0uris wero exceptionally weak and
lower. The following were the closing prlces:-
Tennessee. ex coupon 87sl o 90; do new,
67A o.; Virginia, ex coupon. so a CO.;
do, registered old, AK q 40; do. skies, con.
solidated bonds 50 SIX; DO. sixes deferred scrip,
North Carolina, ex coupon, 80 81; do. funding,
1866, ~ "a; do. funding, 1885, 20 22 do. new, 16
q II; do, special tax, IL a1s Missouri sixes 057I
e6X; Louisiana skies, IS q 90; 40 new so 60; do.
evee sxes 90 "a; do. levee eighJs, 10 So DO. evee
eIghts, 1875 rs So do. Penitentiary sevens 65 10;
do. railroad Fights, 10 so; Alabama fves so 65 do.
Fights, 90 e5 do. Fights, Montgomery and Eufaula
Railroad, 81 %; South Carolina SKIES, so o IS; do.
new, January and July. FIX q 20; do. April and Oc-
tober, 20 q II; Arkansas sxes funded. IS aeo.
SHARP DECLINE IN STOCKS.
The stock market was excited over sharp de.
cline In prices. accustomed by heavy sales through
out the day. Considering the rapidity and extent
Of the downward movement there was unusually
little gossip or discussion the influences caus-
ing it. The time seemed to have gone oy for moral
tzng or INDUCING In theories. NO one could ex-
PLAIN II and no one appeared able TO
enlghten his neighbor. The market kept fall.
Ing with spasmodic reactions. and everybody fell
back on the simple first cause OF every weakness in
stocks, viz-more sellers than buyers. 1t is true
that misrust Of treachcry In the confraternlty of
Clique dealers, suspicious OF scoops" and appre-
tensions Of some great financial matter soon to be
developed, were aroused and entertained; but they
chased each other through the brain of the specu-
lative throng until the whole situation became so
confused and befogged that the most veteran out
slder .gave It up" in despair. In this distraction
figures were facts and to them all attention was
directed. Pacific Mail and Northwest fell each
AZ per cent; Ohios, 2H per cent; Union Pacific,
~ per cent; Lake Shore and Western Union. each
TX per cent. Wabash after being dragged down
per cent recovered e per cent so that Its latest
price was It's highest. Otherwise the closing deal.
ings were at o reaction very irregular In extent.
IN the miscellaneous railways Hannibal and ST.
| Joseph went OF from "a to 50h.
HIGHEST AND LOWEST PRICES.
| The following table shows the highest and low.