The New York herald., 1872-10-11
SOUTHERN SECURITIES STRONG.


sees were in good demand, with an advance to
TAX, the and old bonds running side by side in
price. Virginia consols sold at 81, and some deal
ings OF considerable amount took place In the North
Carolinas and Missouris The new South Carolina
July issues were firm at "a and the October at 25A
The result Of the Pennsylvania election and the
current high prices for
THE COTTON CROP
now coming to market have combined to
strengthen the Southern list within the past
few days. The following were the closing
quotations Tennessee ex coupon, 72A 70;
do. new, 727s 49, Virginia, ex coupon, A Il a SO;
DO, registered stock, old, 3S AZ; do, SKIES, con-
sodated bonds, 5OA 5l1s; do, skies, deferred
scrip Is II; Georgia skies, n So; do, seyens,
Sc IS; North Carolina, ex coupon, 80 80; do, to
North Carolina Railroad, "A Al; do, iunding 1858,
20 Q "a; do, do, 1885, 10 90; do, new, 1S 20;
do, special tax, 10 O Is; Missouri skies, 02
92H do, Hannibal and st. Joseph, S0H 81 +;
Louisiana skies, so q 90; do, new, 40 So; do.
levee skies, so 60; do do. eghts, 10 go; do. do.
eights, 1876, 70 o so; Alabama 1ves, 5S a 63 |;
do. eights, so SO; South Carolina skies, 4S 81; /;
do, new, January and July 2as1 "a; do. do April
and october, rs o 20; Arkansas skies, funded, 4S
q 52.
sTocKs ACTIVE, WEAK AND LOWER.
The announcement Of the raising Of the Bank Of
England rate to per cent which was made long
before ten O'Clock this morning, owing to the DIFF
ference In longitude between New York and Lon
don greatly discouraged the recent ebullition OF
bulllsh feeling IN the stock market The result in
Pennsylvania went of into the background before
the fresher features OF this later intelligence and
the operators for o decline began to take heart OF
grace again. The pool in Pacific Mail sought to
blunt the edge Of the news from Lunuun 10y run
ming their favorite upward, and did give 1t an
afp aa a al or
fates were against them, and the stock went OF
within half an hour to 79H,
TIE sCuRRY
to sell out being accelerated by rumor that the
pool had quarrelled among themselves and broken
up. No doubt part Of this is true, for the heavy
sales can hardly be otherwise explained, but the
main body of the pool stuck together and eventual
ly rallied the price to the vicinity Of SO. The out
side interest In the speculation is waning however,
and seeking other stocks which "have not had
their rlse.n This Generalization started every
thing on the downward plane, and the general mar
ket steadily fell of until after three O'Clock, when
and prices subsequently rallied u a \ per cent
from the lowest OF the day. In the
DEPTH OF THE DECLINE,
which ranged from d to 4 per cent, the latter ex-
treme being, as already specified, Pacific Mail, q
good many orders to buy from out of town were
executed, showing the revival Of public interest in
the stock market, occasioned by the news OF the
result In Pennsylvania. Indeed, calmer view Of
the raising of the Bank of England rate was taken
later In the day, especially as our bonds in London
came even higher than they were before the rate
was advanced. The Washington government is
pledged to keep the money market easy, If we may
Judge by the precedent established last Monday,
and the public know that with o bridging over OF
the season until December easy money win return
IN the natural way. 1t is
A SIGNIFICANT MATTER
when the stock list shows frequent Sales as 1t has
OF late, OF "odd lots, the brokers call the frac-
tions Of a hundred shares. These transactions
represent a legitimate investment demand and
always indicate the accession OF outsiders who
buy what they think is cheap pay for it out and
out and take 1t home until the market rises to high
prices. The application for an Injunction to
restrain the New Jersey Central Railroad from
paying the dividend lately declared having been
refused, the will be appealed to higher Court
by the Lackawanna Company. The opinion is ex-
pressed by eminent legal talent that the omission
to comply with the law requiring the record OF
contracts within thirty days after their execution
does not invalidate the contracts as between the
original parties themselves. The United States
Express Company have declared q dividend Of 2
per cent, payable November 1, the transfer closing
october 10.
HIGHEST AND LOWEST PRICES.
The following table shows the highest and lowest