The New York herald., 1872-10-02

t1fNeN M NEy0fnH tOntTOI the BOfI0h, HdFt-
ford ana Erie no connection az contemplated VIII
.be permitted. All New England has an interest,
most subs tantial one. Now trafflc il at the beck
tributary to the New YORK central CONNECTED
with Erie, the hand Of vanderbilt would be
a Competing railway to the West. This would
tend TO equalIze freight and destroy the exist
ing monopoly: IL would be policy p for New New
derbiit, II the thing could be accomplished in no
other way. We have arrived at point when II has
people as against these great railway monOpolies
They are utterly unscrupulous as has been demon
rsyg ONE against
TO keep monopoly within bounds OF control Both
Erie and the Central are monopoes Of the worst
character; both should be made 10 compete for
the New England business
SOUTHERN SECURITIES DULL.
The Southern State bonds were duh and prices
irregular. The Tennessees continued strong in the
vicinity OF IS, but the new South Carolinas were
heavy, and, after the monetary strngency, lower
The changes elsewhere We. =" ~,c-- - The
following were the closing prices -Iearioa at *
coupon, 72'< T574; do, new, 70 a 73,4; Virginia.
ex-c0apon, s 60; do, registered stock, old, 81
AZ; do. skies, consolidated bonds, 6OH 81; do,
SKIES, deferred scrip Is II; Georgia skies, 70 q
n; do sevens, Sc SO; North Carolina, ex-coupon,
81 33; do to North Carolina Railroad, 40 AZ; do
funding, 1869, % a rs; do. do, 1868, 20 "a
DO, new 10 81; DO, special tax. 10 IS;
Missouri skies, a24a a 921s; do, Hannibal and ST.
Joseph Railroad, So 90; Louisiana skies, 81 6s;
do. new, ~ t2; do. levee skies, 20 90; do. do
eiehts, 10 IS; do. do. dO 1875, 70 7S; Alabama
fves, Is a 81; do. eights, go SO; South Carolina
SKIES, 40 IS; do. new, January and july 231s "a
10. do, April and october, "a q rs. M
GOVERNMENTS FIRM.
Outside the currency issues, which were lower,
government bonds were firm at their recent ad-
vance, the farther lse In gold overcoming the ad.
verse influence OF the stringency in money and the
slight reaction from the advance of yesterday in
the London market. The buoyancy OF the foreign
market 10 explained by cable rumOr stating
that a chief result OF the recent meeting Of the
three European EMperors was an under
standing in reference to the French question
by which Germany is to Immediately with
draw from France the last soldier OF the
army OF occupation. The following were
the closing quotations United States currency
sixes, ll1' 1llzs do, 1881, registered, ia 1144
do, do, do coupon, 1864 q 116; do fve.twen-
ties registered, May and November, ex int, III
lllA do. DO, 1892 coupon, do, 114ss al14zs do. do
1864, do, do, 114's 1142s do do, 1868, do do,
1l5 l1t14 do. dO lS67's, registered January and
July, 1l3S llah; do. DO, 1866, coupon, do, ll3ss
1lSs1 do do, 1857 do, do, 1l3zs ia; do. do,
1865 DO, do, 1881 114s; do. ten-forties, regis.
fves 1881, registered, l101a III; do. do, do,
coupon, ll01a III.
sTOCKs DULL AND FIRM.
The stock market was dun and generally firm, In
face OF the scarcity Of money-an inconsistency
which induced widespread belief that the clique
were secretly covering their contracts, or that
some OF the members OF the pool were buying out
side OF the combination. The only activity Of i'm
pOrtance was in Pacific Mail and Western Union
Telegraph, and 1t is estimated that nearly 100000
shares OF the former and nearly 900 shares OF the
latter changed hands during the day. Pacific Mail
was run up to rs by the "bull" clique operating In
1t at an advance of over four per cent for the day.
Subsequently it relapsed to 769s, advanced to TX
and closed at 76a. Western Union Telegraph ad-
vanced to 701 and closed at 70A. The annual
meeting Of the company will be held on Wednes-
day, October Q, and the directors are now prepar-
Ing the annual report. 1t is rum0red that they
will recommend the payment Of q cash dividend Of
per cent and the award Of 20 per cent In stock to
the present stockholders the latter division repre-
senting bonds bought with the funds Of the COM
pany and cancelled.
HIGHEST AND LOWEST PRICES.