The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-10-24

sI :i F f|ii: 4 q M
bet MON 1 TOT SSs - IS che Artist M. IDS
En-: s s:s ~
si 81 sHs:s 81 y No e. s.:
81 s. 81: a; 4
"A '.e 81 s. s.
Del Lack wv = con 100 Boston, Hart Er =,
TS S Wi ID lss s. div S SsG.t Mp
Toll 4 Wab I'd IN. ........ 50
StipuatOns have been entered into by the New
Jersey Central Railroad Company and the purchas-
ers OF the recently authorized convertible bonds OF
that company, which stipulations are also to bind
any future purchasers Of these bonds, that the
Lackawanna Company shall not be held in any way
responsible for them, and that the bonds shall not
be in any way lien upon the Lackawanna Rail-
road should the impending litigation result in .
severance Of the consolidation arrangement Of the
two companies.
rHB CITY BANK STOCKS.
The following were the bids for the city bank
shares:-New York. 1888; Merchants, 1l5; Ne
chanics', r31; City, 255; Phenix, 1919; Trades
mems, 14S; Gallatin National, 10; Seventh Ward,
81; Commerce, lle; Broadway, $50; Mercantile,
1886; American Exchange, ia; Bank Of North
America, los; Irving. 125; Metropolitan, 1874; Citi-
zens', 1856; Market, 1876; Corn Exchange 1875; st.
Nicholas, ia; Marine l65; Commonwealth, SO;
Importers and Traders, 1860; Park, $50; Manu-
facturers and Merchants, 100; New York National
Exchange o.; Central National 90; Tenth National,
So; Oriental, ITO; Gold Exchange l05; German
American. lO14.
GOVERNMENTS STRONG.
The government list sympathized rather more
closely with the gold premium and was higher and
firm, particularly alter the government purchase OF
million of fve-twenties, which was effected az
1l2.4s ll2.74 out Of offerings Of $242,s 800, ranging
from 1124S to 1880 The currency skies were
buoyant, regardless Of the gold quotation, and ad-
vanced to 1885, According to the Calcutta Eng
lislarnan, OF September TO- ian attempt is being
made to introduce the American five per cent
funded loan on the Indian MARKET" This is rather
remote honor to American credit and might be
more substantial did
THE POLICY OF CONGRESS
favor wider knowledge OF us IN the world
through the agency Of more expanded
commerce. The following were the closing
prices for the government list limited States
currency skies, 113ss 1874; do. do, 1881,
registered, Hay us; do. do, coupon, 1161s
q lle4; do, fvetwenJies, registered, May
and November, ll211 ll2@; do. do, 1862,
coupon, do, 115X 116s; do. do, 1864, do, do,
1863 I1G1s; 40. do, 1885, do do, 1l6 116i4 do.
do, 1857 registered January and July, lax l145;
do. d0 1885, coupon, do, 114s< 114s; do. do, 1867,
do. do, lis 115h; do do, 1863 do. do, 1147s
rs; do, tenforties, registered, l0s1a 1854; do.
do. coupon, 1855 1osa1; do fves Of 1881, regis
tered 1921 1091s; do do, coupon, 1107s l111S.
SOUTHERN SECURITIES QUIET.
The Southern State bonds were less active and
the Tennessees were shade heavy at the boards,
bnf fharc 1v
steady, excepting the new South Carolinas, which
were trine lower, with disposition to sell them.
The following were the closing prices Tennessee,
ex coupon, IS 75h; do, new, 70 75'4; Virginia,
coupon, A so; do. registered stock, Old, 50 40;
do. skies, consolidated bonds, $50 541a; do. de-
ferred scrip. Is 49,; Georgia skies, "A a IS; do.
sevens IS a So; North Carolina, eX coupon, 331s
"a do, to North Carolina Railroad 44a 40; do fund
ing, 1856, % Is do. do, 1885, 81 "a do. new 20
%; do. special tax, IL 10; Missouri skies, %
93H; do. Hannibal and st. Joseph, 80 a 90;
Louisiana skies, SO q So; do. new 40 IS; do.
levee skies, so SO; do. do. Fights, 20 IS; do. do.
Fights, 1876, 10 q 10; Alabama fves, IS a SO; do.
Fights, SO SO; South Carolina skies, SO a 60; do
new, January and July, 1854 262<; do. do, April
and OCTOBER, 20 20; Arkansas skies, funded, ~
SO.
STOCKS STEADY AND DULL.
There was pause in the speculative movement
at the Stock Exchange and a greatly reduced
amount of business, the market remaining pretty
steady in its general features. At frst there was
a weak tendency and decline OF some extent in
Pacific MAIL which stock threatened to break par and
had got down as far as 1905, when the necessities
OF the pool who for the sake of the loans ad-
vanced upon their holdings, are compelled to keep
the price up forced them to rally 1t back to 1922 the
impetus given by the
COVERING OF SHORT SALES
sending IL on to 1925 st. Paul was strong, with
an advance to SIX on purchases by new pool,
who have based their speculation on "putsr bought
at about SIS Sc per cent. Ohios were strong also.
and sold at AZ. Harlem dropped or to 1l1I. Can
ton advanced TO lO7, owing to the departure for
Baltimore of Messrs. Drew Bayls and Robinson OF
the Board of Directors, the object OF their visit
being the negotiation OF further sales OF the COM
stepped aboard the Jersey train he called back to
"Jakey'' not to let the boys put them waybosh
sheers below FOX while he was away. The
CORNER, IN GOLD
and the uncertainty as to the action OF the Bank OF
England with reference to the discount rate checked
business and restrained speculation. The "corner"
in gold has caused the suspension OF operations in
many departments OF downtown trade. The reac-
ton and dulness on the Stock Exchange were in
marked contrast to the buoyancy and activity
recently prevailing there. AT the close Northwest
preferred was pressed for sale pretty freely and de-
clined to S7h.
HIGHEST AND LOWEST PRICES.
The following table shows the highest and lowest
prices Of the principal stocks during the day.
Highest. Lo,rest
New York Central. 95ss 95
Erie. ACKNOWLEDGEMENTS. 5Ois so
Lake Shore. ................... 9lX 911s