The New York herald., 1872-10-14


There was better feeling also in the new South
Carolinas with the approach OF the State cleo
tion, which comes OF on next Wednesday,
and a. which the proposed amendment to the
constitution preventing the increase Of the state
debt without the special sanction OF the people viii
be adopted for the very obvious reason that "ies'
is on the tickets OF the two rival political parties.
The following were the closing quotations Tor the
Southern list inclusive OF the leading railway and
municipal bonds Tennessee, ex coupon, 72A
73; do, new 72h 73; Virginia, ex coupon,
~ q 90; do, registered stock, old, 80 o A.; do,
skies, consolidated bonds, 634 54 do, ,do deferred
scrip, 10 II; Georgia skies, Is SO; do. sevens,
SO 90; North Carolina, ex coupon, 80 "a; do, to
North Carolina Railroad, 4t 90; do, funding,
1899, 20 Q %; do, dO, 1868, 20 a %; do, new,
IS 20; do, special tax, 10 IA; Missouri skies,
s2 q e2X; do, Hannibal and st. Joseph, SO a 90;
Louisiana skies, 80 50; do new, 40 5b; do. levee
sixes 90 80; do. do eights, 70 rs; do. do, 1875,
10 80; Alabama fves 5s o 90; do. eights, SO s5 I;
South Carolina sixee, 40 65 do. new, January and
July, rs 2o5l; do. do April and October, 25h ~ /;
Arkansas skies, funded, 4s q 81; Mobile and Ohio
Railroad sterling, 90 %; do. interest eghts, SIS
81; do. second mortgage cGhts, rs a 80; Mississippi
Central Railroad nrst mortgage sevens, sS a %;
do. second mortgage eights, 81 SO; New Orleans
and Jackson first mortgage, 90 a %; do second
mortgage, 50. SO; Memphis and Charleston Rail-
road first mortgage, 81 q 90; do second mortgage,
81 q 80; Greenville and Columbia Railroad guar
anteed by South Carolina, 40 80; Macon and Bruins
wick Railroad, guaranteed by Georgia, o6 20;
Memphis city skies, 81 81; Savannah city sevens,
SO q So; New Orleans c0ns0Is, old, 6S q ~; DO.
issued to railroads. sixes 90 20; DO sevens 62 %.
GOVERNMENT BONDS
were strong, beth at home and in the London mar-
ket, the sudden demand for five millions on Monday
by the Treasury sweeping the market SO bare that
the government was unable to buy any more on
the regular day Of such transactions, the whole list
OF fve-twenties advancing beyond the par OF gold.
From the fact that all the bonds sold the govern
ment on Monday had not been turned In during the
week It is thought that some of the sales had been
made by parties risking the chances Of ''shOrt'
sale although the current explanation was that the
missing bonds belonged to country banks and
had not been forwarded to town as yet. The
''short' sales, II such were really made, were In
duced doubtless by belief in considerable fall in
gold and consequent decline In currency value OF the
fve-twenties-an expectation defeated by the ad-
vance OF the Bank Of England rate The following
were the closing quotations:-U United States
currency skies, l127s 1l2,s; do do, 1881, regis
tered, 114H 11421; do do, coupon, 116,z q
1161z; do. dve-twentes registered, May and No
vember, 111A a 112I4; do. do. 1861, coupon do,
1853 1854; do. do, 1864, do. do, 1861 q
1I5k; do. do, 1865, do. do, 1l6s< 116; do.
do, 1857, registered, January and July, ll4.s a
l14s<; do. do 1885, coupon, do, 1141s 114A; do.
do., 1867 do. do, 1l4H ll4; do. do 1888, do do,
1141l a114 do. tenforties, registered, 10sb 1881
do. do, coupon. 1854 1885, do aves Of 1881, reg
istered, l101s 11o7S do do, coupon 1lo,s 11O7s
THE BANK STATEMENT.
The weekly statement Of the associated banks
kcvvS1u
legal tenders being over six millions and the gain
In net reserve over five millions. The statement is
made on rising averages, SO that the condition OF
the banks is really much better than presented in
these figures, and will be more truly indicated by
next Saturdays statement, should no untOward
movement occur to disturb the present relations OF
reserve and liabilities. Were the banks to report
their condition as they stood 1T the close OF business
Saturday afternoon the gain In reserve would doubt
less show as much as eight or nine millions. The
easier position IN which the banks have found them
selves has enabled them to send large amounts
Of currency to the
SOUTH AND WEST,
the outflow to which regions is shown in the
discrepancy between gain of only three
and q half millions In deposits and an
increase OF over six millions in legal tenders
and specie. contraction OF a million and q
half in loans Is not so readily explained unless by
the supposition that the banks cancelled loans
in the earlier part Of the week than they made IN
the latter, the principle OF averages making the
result appear as In the statement. The gain In
specie is just about the difference between the
Treasury disbursements by public sale and for
interest and the receipts on account OF customs
duties The increase in legal tenders ia accounted
for by
THE TREASURY PURCHASES
OF bonds, OF which, by the way only 600 out
OF the 1--WE millions bought had been turned in at
the close of business Saturday. The statement
contrasts with its predecessor OF last week as
fOllOws:--
oct. s. Oct 12.
Loans $269 $40, 300 $26S, ,29S, 800
Specie. ................ 9,943, 900 l2,207,S
Circulation. ............ 27,604,200 27,737, 200
Deposits. .......... 1S6, 6,150,20O I89, 709, 800
Legal tendere......... 41,916,700 45,729, 400
The changes being In detail as fOll0ws:-
Decrease In loans. 81. .512, 900
90 IN