The New York herald., 1872-12-06
~ Cent per cent III .I0f Col Chic q IND O ID m rs
Alt 4 7 "a m, pref... 80 FOL, REQ w, d.. ~
Alt 4 7 II M M me-. ~ To, w. Burl'n div. -
Chic W sf......... 81 1oi. Pco w "a m.... 80
Chic N w int bds.... 81 Bost II Il 1H m. -. 42s
Chic W con bds. % Cedar MINI LIST m. Bl.
ci,;c q " axfe,, Ma I'd Rnr n r A M 7,a Isf q "a

Az Az FH@% Rss'.". lSs.... !si. fSx BURN div. 3
ss :.i:s sS: s y.
SOUTHERN SECURITIES DULL.
The Southern State bonds were duh and gener.
ally steady. The recent advance In Tennessees
brought out sellers. and the bonds were somewhat
lower, but without important decline. The Virgil
MIA cOnsols were frmer and held at SO. The fol-
lowing were the closing quotations Tennessee,
ex coupon, 77h 49,; do, new, 77H r8k;
Virginia, ex coupon, 48 SO; do, registered
stock. old, 80 AZ; do. skies. consolidated bonds,
55x So; do, skies, deferred scrip, 10 II;
Georgia skies, 70 7s; do. sevens SO o 90;
North Carolina, ex coupon. "a SO !; do. to North
Carolina Railroad, 4S so; do, funding. 1906,
q 20; do. do, 1865, 25 q 2s; do, new, ~ 49, do
special tax Ia a 10; Missouri sixes os a o31; do,
Hannibal and st. Joseph. 91 93; Louisiana skies,
54 SO; do new, so So; do. levee slxes, so GO;
do do. eights 10 80; do do eights, 1875, 70 so;
Carolina skies, so 55; DO, new, January and July.
2sh 241s; do. do, April and october. 25 o %;
Arkansas skies, funded. 43 SO.
GOVERNMENTS RAMPANT.
The government bond market was buOyant and
very strong, as consequence both OF the advance
In gold and Of the demand on the part Of capital
lists and corporations desirous OF escaping local
taxation by converting their means temporarily
into government securities and holding them over
the taxable period OF the close Of the year. The
CTS Jumped to 1171. INA and the new fves to
llli4. Advices from Washington state that Secre-
tary Boutwell,, In conference with the Ways and
Means Committee expressed his intention of soon
resuming operations for q further negotiation OF
THE NEW LOAN,
II Congress did not Indicate their intention OF
M hn I'm aw ifoa ttafQ
ton with his so doing The following were the
closing quotations limited States currency skies,
ll21s ll2,s; do. do, 1881, registered. 1893. q
1885; do do coupon, 117,s 117e4; do. hve-
twenties, registered, May and November, 113,s
1lsss; do do, 1852, coupon, do. 1137s 1855 do
do 1854 do do, 113s 1855; do. do. 1885, do. do.
113ss 1875 do do, 1857 registered, January and
July, 1121 112f; do. do, 1886. coupon, DO, llo
ll6H; do. do, 1867, do. do, 1111S 11714; do. do,
1868, do do, 1l6h III do, ten-orties. registered.
lO916 l09A; do. do, coupon. 1905 lOosl; do.
dves Of 1881, registered, Ill 1l1k; do. do.
coupon, Ill 1llh.
STOCKS IRREGULAR AND DULL.
The activity Of the stock market was confined to
the two or three features which have been more
prominent the past few days, the interest in the
rest OF the list being quite tame and the dealings
of only moderate extent The early speculation
ran on western Union Telegraph, which was buoy
ant and rose to IS, owing to the general nterpre-
tation OF the action OF Congress yesterday as
burial Of the Postmaster Generals proposition Tor
government system OF telegraph service. But this
impression was not so strong later in the day.
when there was a recurrent pressure to sell the
stock on Washington despatch that
THE CREswELL PROPOSITION
would be urged to speedy consideration In the
committee and as soon as possible thereafter In the
M.
which advanced to lis in the face OF rumors that
as much as $S,0000OO or new stock was
TO be issued by the company, the rumor
not stating whether the new stock was to be
sold for the benefit Of the company or awarded as
a scrip dividend to present stockholders Two
theories Of the movement in Rock Island are aoat.
One is that the Tracey party. who have controlled
the road from its beginning almost, and "won't
resign so as to let other interests manage it, have
been surprised in their recent indifference by the
BRIAREAN TON SCOTT,
OF the centlpedal Pennsylvania Railroad, who has
started TO capture the road and unite 1t with the
Pennsylvania company through the intermediary
OF the Pittsburg, Fort Wayne and Chicago. This
procedure threatening the dispossesson OF the
Tracey party the tenure OF power by the latter
came first necessity, and hence the report that
the new stock is to be issued to enable them to
tain a controlling interest. The other and second
theory referred to, is however the more likely
one. 1t conjecturcs that
A SECRET ALLIANCE
has been made between Scott and Tracey, by
which the Rock Island stock is to be watered and
the road leased to the Pennsylvania, alter the
fashion OF the Fort Wayne and the Pittsburg Rail-
roads. Hence the denial by some OF the Rock
Island pool OF their sympathy with the present
movement, the object Of their reticence and MIS-
representation being to prevent too popular de-
mand for the stock In furtherance OF this plan OF
consolidation Ia perpetual lease) the Rock Island
road Is to absorb
THE CHICAGO AND SOUTHWESTERN,
which 1t is at liberty to do at any time by ex-
changing its stock for the stock OF the latter IN the
proportion OF one for two shares, and make
further stock dividend up to the limit allowed by
its charter. Upon the whole OF the capital SO en-
larged the Pennsylvania road will guaran-
tee fixed annual rate Of interest to be
agreed upon between the two. contracting
parties. Such are the two explanations
OF the speculation in Rock Island and the choice OF
them Is left to be made by those who are interested
in the subject. Pacific Mail was unsettled and at
length declined to Sli1, but the designs of the
parties manipulating it are
PERPETUAL MYSTERY
to the street. AT times it would seem as II the
5tockwell party were really endeavoring to SELL
and in this connection 1t was said that the pool
had taken the $4,000 shares OF Henry Smith OF his
hands and were staggering under the load and en-
deavorng 10 ged rid OF it. Again, from the per-
sstent refusal OF the 'Stoekwell brokers" to take
Pacific Mail as collateral, it was thought the pool
were really trying to buy the stock and had re-
sorted to this plan to get 1t out OF weak hands, II
the latter be their real intention it explains a
rumor from san Francisco given In another col.
umn, that the Pacific Mail line had passed under
control OF the Central Pacific Railroad Company.
HIGHEST AND LOWEST PRICES.
The following table shows the highest aud lowest
prices OF the principal stocks during the day.
highest. L01cest
New YORK central. 96h g5T
Erie. ........................ 52X 52}s