The New York herald., 1872-11-20

hated bonds, 55x 81; do sxes, deferred scrip,
1e Q 1eh; Georgia skies, 7oa 80; do. sevens.
IS q 90; North Carolina, ex coupon, &c a So; do.
to North Carolina Railroad, ~ q so; dO funding,
1866, % 80; do. do, 1868, % %; do., new 2lh
"a do special tax l3s TO- Missouri sixes sa4 81;
do, Hannibal and st. Joseph, 9l %; Louisiana
skies, 50 5s; dc new 80 So; do levee skies, 90
62 do do. eights, 10 90; do. do. eights 1875, 70
80; Alabama nves, 81 . 60; do. eights, 50 s.;
South Carolina skies, SO o 80; do, new, January
and July, 2a1s 241E; do. do, April and October,
20 a %; Arkansas skies, funded, 45 80.
GOVERNMENTS LOWER.
The government list was heavy and lower Tor
the 1ve-twenties and ten-1orties, but strong ana
higher for the currency skies, the advance in the
Aforementioned bonds being In striking contrast
with the condition Of the money market. the de-
cline in the other bonds was due to the decline In
gold. but was not as much, so that In gold vaiues
the fve-twenties were really higher at the close.
The ten-fortes fell on to 1885, "buyer three," but
were not offered at less than 1851 later in the day.
The following were the closing quotations.
United States currency sixes 1l3ss l137s; do. do
1884, registered, 116 116x; do do, coupon, 1865
116ys do. fve.twentics registered. May and No
vember, I12H 1929; do. do, 1862 coupon, do,
112h 112a<; do do, 1864, do. do, 1121a 1921; do
do, 1866, do. do, 112s5 113; do. do 1867, regis
tered, January and July, 115 1154; do. do,
1866. coupon, do, 1l4 115; do. do, 1867 do. do
1151a 1855; do do, 1865, do. do, 1867 l15'S;
do. ten-fOrties registered, lO7a los; do. do,
coupon, 1885, lOss; do fves OF 1881, registered,
1O9'1 ITO; do. do, coupon, 1921 11o14.
STOCKS DULL AND LOWER.
The stock market experienced the usual morn
ing rally after se previous days decline, but went
at the work OF Improvement with faint energy and
soon after settled down into dulness becoming weak
at still later period OF the day, and closing with
general decline ranging from q to e per cent.
Northwestern was exceptionally strong and closed
at the best price OF the day. 1t is thought that the
"bull' clique have made harmonious settlement
with the "bcarn clique In the directory and that
both parties are now united for "bull" specua-
ton. The directors have agreed to issue new con-
solidated bonds, bearing per cent interest in
gOld to the extent OF twentyeight millions, putting
aside eighteen millions OF them to refund the out
standing bonds as fast they fall due when the
holders choose to make the exchange thus effect.
ing the double object Of issuing the ten millions
recently authorized and Of converting the whole
debt into
A UNIFORM OBLIGATION,
after the manner OF the Lake Shore Consolidated
Loan. The new Sinking Fund Lake Shore bonds
are now in the market and offered at 921s per
cent A part of the new Northwestern loan has
been taken at 90 per cent. After Northwestern the
greatest activity was IN Erie WnlCn advanced TO
531 but receded to 52s, the quotations Of the day
In this market being one to e-and-a-half per cent
higher than in London. western Union was weak
and fell or to 76>4 under rumors that the company
were selling their stock and that new organiza-
tion was being formed with capital OF twenty
millions to volunteer the work OF postal telegraph
service. On the other hand, it was reported that
the president OF the Western Union Company was
on the slate to succeed Postmaster General Cres.
well in
THE NEXT CABINET,
in which position lie would be enabled to promote
the scheme of selling the line to the government
The Pacific Mail speculation was rather drmer, all
things considered. Indeed, 1t would not be sur
prising If the loss of the Arizona Should such q
melancholy contingency turn into facD had been
fully discounted in the relapse Of the past few
days, with the further result Of creating an ex-
panded short interest," which will defeat itself in
case OF confirmation Of the expected disaster or
prove highly dangerous speculation should the
steamers safety be announced Cleveland and
PittsDurg closed at 81 s7i4. In Philadelphia to-
day Reading was steady, with sales at No. the
closing price.
HIGHEST AND LOWEST PRICES
The following table shows the highest and lowest