The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-10-17
SOUTHERN SECURITIES ACTIVE.


cialty reported . good business in them at the
desk. The Tennessees were offered more freely
and were fraction lower, but prices elsewhere
were frm and generally higher. Fresh interest
was manifested in the Old and new North Carolinas
In anticipation OF the forthcoming session Of the
Legislature ct Raleigh and the movement OF meas
ures to revive the States credit. There was also
larger inquiry for the new South Caronas and o
rise Of about one per cent in their prices, the re-
suit of favorable views Of the result Of
THE srATR ELECTION
held In South Carolina to-day. The Virginia con-
soils left on at SAN. The following were the
closing quotations Tennessee, ex coupon, 73h
"a; do, new, 73h "a; Virginia, ex coupon,
A So; do, registered stock, old, 38 40; do.
sixes consolidated bonds, 54k q SAX do. d. defer
red scrip Is ale; Georgia sxes Is 49, do. sevens,
SO 90; North Carolina, ex coupon, SO 35; do. to
North Carolina Railroad, - q 4s; do, funding,
1886, 20 "a; do do., 1858, 10 q 81; do, new,
20 q; d. special tax, 10 Is; Missouri skies,
s2h s2X; do, Hannibal and st. Joseph soh q 81;
Louisiana sixes So So; do, new, 40 s.; do. levee
skies, 80 90; do do. Fights, 70 Is; do. do, 1875,
70 Is; Alabama nves, So es; do. Fights IS IS;
South Carolina skies, 80 IS; do, new, January and
July 26x 20; do. do, April and October, 20 ~;
Arkansas skies, funded, 45 80.
THE GOVERNMENT PURCHASE OF BONDS.
The government received eight tenders Of bonds
in response to the advertisement calling for mil
lton OF fve-twenties. The amount offered was
only 1912, $50, and the net prices asked ranged
from 1l2.74 to 1872. For some reason the Secre
tary OF the Treasury took the price Of gold to be
1l2X when it was selling at l1sH at noon and up
to two o'clock-a cause which limited the accept
ances to the small nmOunt Of $94, 900, at 112.H
1881 The scarcity OF bonds revealed in this
transaction strengthens
THE GOVERNMENT BOND MARKET,
which was firm but rather less active-the transac
tions at the earlier boards being In fact tring. 1t
was redeemed from dulness by good inquiry at the
last call. The following were the closing prices
United States currency skies, 113 q 113A; do.
do, 1881, registered, l14zs 1l6H; do do, coupon
1161< 116h; do. fvetwenties, registered, May and
November, 112 q 112h; do. do, 1862. coupon, do.
115X 116h; do. d0 1854 do do, 115X q
1161S; do. do, 1865, do do, 116 l16,l; do.
do, 1867, registered, January and July, 114X q
IFS; do. do, 1855, coupon. do 114s 114I; do.
do, 1857, do. do, 114N 49, do. d. 1858, do do,
114x IFS; do. ten-fortes registered, 1857 1854;
do. do coupon. 1851 losH; do. fves Of 1881, reg
istered lex INTEREST,", 1oo1 ITO; do. do coupon,
1loN 111H.
ERIE RAILWAY EARNINGS.
The following is the latest return Of estimated
weekly earnings OF the Erie Railway Company,
commencing April l, 1872 the date Of the inaugura-
ton Of the new administration Of Erie:-
1871. 1872.
For week ending October 49,. s4o7oo4 s4lo,2e5
Previously reported ........ 9,9l2,S2l 1921, $3.50
Total earnings since Apl. 1.s1o,sles25 slO,ssl,ss1
Increase for week So, 291
Increase for twentysix weeks to date. 800. 1876
STOCKS WEAK AND DEPRESSED.
The heavy sales to realize profits last Tuesday,
the continued apprehension Of more active money
market In London and q sudden fear OF specie
shipments from this side, that the sight rate
for sterling is fully up to the specie shipping point
with resultant diminution OF the bank reserves
and prospect of renewed stringency in money all
conspired to work radical change in the temper
or the speculation at the Stock Exchange. At first
there was an active reaction from the decline Of
the previous evening, based on the fact that
THE BANK OF ENGLAND
had held no extra meeting this morning, and had,
consequently, made no variation in the discount
rate. But the influences above recounted were
operative in the long run. and the decline started
by them was helped by liberal sale Of stocks on
speculative account, the 'bears" taking courage
once more, what few there were OF them, AFTER q
week Of such hard luck as that succeeding the
government disbursement OF ten millions and the
political result in Pennsylvania. The greatest de-
cline was in wabash, which, after a rally to TAX,
broke to 71K, because OF alleged heavy sales by
Daniel Drew against corresponding
SALES OF "PUTsn
at II per cent, the mystery Of which transaction
greatly puzzled good many OF those not familiar
with the devious ways Of the veteran Spectator.
Nothing new transpired with reference to the quar-
rel and proposed makeup OF "Henryn and "Jay.n
no news in the case being good news, doubtless, 80
far as the reconciliation is concerned. The excep-
tional strength Of the market was shown by Union
Pacific, which was run up to 4oX in twinkling
by brilliant dash Of the clique controlling It;
Panama, Pacific Mail and Canton. Panama held It's
own in the vicinity OF 147, but there great dis
appointment to the SPECTATORS Of
THE PACIFIC NAIL CIRCUS .
especially those who fingered up to corresponding
in expectation Of seeing the calculated durna rise
Of one per cent, to ss. For some reason the ma
chinery hitched and quarter per cent was the
extent the clique reached in improving on the
previous days highest price. Canton was marked
up to 101; Boston, Hartford and Erie receded to
So, and Hannibal and ST. Joseph to 34A. Toward
the close steadier feeling prevailed by reason Of
the abatement OF the apprehension of raising OF
the Bank Of England discount rate in the morning;
but the reaction in price was not important.
HIGHEST AND LOWEST PRICES.
The following table shows the highest and lowest
prices OF the principal stocks during the day.
Highest. L0,cest.
New York Central. ............. s6ls 95ss
Erie. ........... ................ b2is 50X
Lake Sn0re. Bls 9OH