The New York herald., 1873-09-17
WEDNESDAY


deferred scrip, TX 19K; Georgia SKIES, oz q rs;
do. sevens, 80 ol; North Carolina ex coupon, 27
2s; do. funding 1885, 10; do, special tax II Is;
Louisiana skies, Is . -; do. new. 70 -; do.
leves SKIES. IS 60; do. DO. elghts, IS 60; Ala
bama nves. as; South Carolina skies, %; do new.
January and July, IA Is; do. do, April and
october. 2S %; Arkansas skies, funded 20
GOVERNMENT BONDS
were quiet and steady at the following quota
ons:-United States currency skies, 112A y 113;
do. sxes 1881. registered, lle l1ex; do. do do,
coupon, 1l6X III; do nve-twenties, registered.
May and November, .1l3h 1I4K; do. do, 1882,
coupon. do. 1l3h 1l4k; do. do. 1884, do, do,
llSx ll4k; do. do, 1866. do. do, 116K q l15A;
do. do, 1867, registered, January and July, lis q
l16H; do. do, 1865, coupon. do, l16k 115X; do.
do, 1857 do, do, 1l6 11sk do do. .ls6s do., do.
1l6 1l6k; do. ten-orties, registered, 1l2k 1la;
do. do, coupon, ll2k 11s; do. nves Of 1881, cou-
pom, 111H l12. tlalA
THE STOCK MARKET.
contemplation OF the stock market in its pres
ent condition is like 'qooking through glass
darkly." One may scan the row OF figure, that
align the ONCE tapes from the opening to the
close Of the day, without finding single hopeful
feature. and Will probably be plunged still deeper
into the maze every time ne asks the reason why.
In iact from all appearances there are but one or
two stocks on the list that seem to want to rise
just at this juncture. On the contrary, they ap-
pear to be possessed Of an easy yielding dispos
ton that drops plant and obedient to any halfway
reasonable pressure or well concocted tale OF the
street. 1t is q condition that may last days
or weeks-a sort OF dry rot resulting from
the want OF circulation OF good healthy blood
fresh influences and the power to grip Meanwhile,
hundreds are said to have profited by the Decline
having covered their short interest at present ng
ures yet are now halting between two fires, unde-
termined whether to be "bull" or 'bear." In the
language of the old story they are not inclined to
"swop horses while crossing the stream" We be-
neve that capital, and plenty Of 1t, Is awaiting .
wedeveloped movement In the upward direction,
but until the weight OF the mlstOne that hangs
around the neck OF the street has been thoroughly
tested it is not probable that there will be much OF
speculative venture. Lower prices than at present
are predicted and yet there is q certain air Of
hang-dog determination exhibited in the alternate
strength and weakness of the market that makes
one doubt at times whether-unless there be some
seriously demoralizing events as, for instance,
one or two more failures--hard pan has not been
very nearly reached. Should disaster occur-that
kind which may get into the meshwork OF the
threads that bind men and business together in
financial relationship-there Is no telling what
amount OF grave dstrusr will be added to that
which has already taken possession OF Wall street
and made men wonderfully cautious Of late in
their dealings
The transactions to-day were large and pretty
well distributed Western Union and Rock Island
led or as the favorite fancies. The former opened
at ssX touched 90, receded to S9K, improved again
to 90k in the second board but fell or to s9H, and
closed at 89h. Rock Island was the prey OF rumors
connecting the company with Canada Southern
Railway bonds and further setting forth that the
dividend to be declared would be only 8 per cent.
Neither of these, 1t is but just to state, was
traceable. But they had the erect OF causing
decline in the stock from 100 steadily downwards
to l03A at the last sale. Wabash sold
down from COX to 59H q 59h q 59h.
Pacific Mail was steady most Of the day at
4s4 a4sx q ASK . 4sH a 43K 4sH, but at the close
went or to 4sH. New York Central was firm at
lO4 1O4H q lO4k a lO4. Lake Shore opened at 81 u
and varied but fraction or two from this price
upwards or downwards. Erie sold AT SIX 81 q 81 Y
q SIX q 56H a 81; the preferred stock at 7s 72x.
In Union Pacific Ohio ana Mississippi c., c. 4 L
c. there was no important change. The opening
figure OF Sr. Paul was 46h, from which 1t receded
to 45x q 45H, closing at 45h. The preferred sold
at 6SZ 6SK; Hannibal and st. Joseph closed al
SO; Northwest common sold at So Q SIX the pre-.
ferred at 70 1917 a 76A a 1915 Harlem at 100 a
12eH l291s; Panama at 115x q lis 1l5x; Canton
at "a IS. yeH.
HIGHEST AND LOWEST.
The following table shows the highest and lowest