The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-08-02
GOVERNMENT BONDS

GOVERNMENT BONDS
were comparatively dull. although the prices re-
main firm. The scarcity OF the bonds largely mill
lates against actjvty, but 1t Is cheerful to note
from day to day the well maintained strength.
The following are the market quotations limited
States currency skies, 1l4s 1l47E; do SKIES 1881,
registered, 1lsh llssl do do, do. coupon 10Y
Q 100; do. fve-twenties. registered, May and No
vember, 1161s III; do. do, 1862 coupon do, III
ll7A; do. do, 1884, do, do il7,a 1l7A; do. do,
1856. d. do, 1l9 hoy; do do, 1857, registered,
January and July, 1854 III do. do, 1865. coupon,
do, l17K al17K do. do. 1867, do, do, 1lsA 11s7s
do do, 1868, do, do, 11sH IIsH; d. tenforties,
coupon, IFS a 115H; do fves OF 1851, coupon. 1l4%
. ll4N.
SOUTHERN SECURITIES.
These were likewise dull the only transactions at
the Board being in Georgia sevens, which sold at
co. n Is among the probabilities OF she future TINT
species Of syndicate win be organized in New
York, having Its agencies radiating to every State
In the Union, and every State tn correspondence
herewith, to the end not only that
definite and correct information may be
obtained, but that pride, honor and possibilities
may be stimulated into action for the purpose Of
securing the highest value to local securities now
among the dust The prices to-day are quoted in
the annexed table Tennessee, ex coupon, 81 do,
new, 81 Sly; Virginia, ex coupon, 4SA q At; do.
sixes consolidated bonds, 53A a say; do. do, de-
ferred scrip, II IL; Georgia sevens, co.; North
Carolina, ex coupon, q 20; do. funding, 1856,
II IS; do do, 1858, 10 q IT; do. new, Is 171l;
do. special tax, 121 Il; Missouri skies, 90 93h;
do. Hannibal and st. Joseph, 90 a 92H Louisiana
skies, 40 a 81, ex interest; Alabama fives, 45 SO;
do. Fights. 10 so; South Carolina, new, January
and July, Is 10; do. do, April and October,
81 q 20.
THE STOCK MARKET.
The market to-day may be as we'll Illustrated BY
table Of quotations as by comment. 1t showed
the erect OF the prevailing heat, want OF
"ozone," and q general indispositOn to indulge
in effervescence Tor the sake OF only one per
cent or q vulgar traction thereof. 1t was like
exhausted champagne-not specially attractive.
Stocks were left to take Of themselves, which
they did In an erratic manner. Western
Union was still the feature, but at weaker figures
than yesterday. The dealings began at 92A, re-
coded to 90, then to OH DIX, recovering, how
ever, at the close to the opening price. Two i'm
portant statements are made in connection with
this stock First, that the Western Union Tele-
graph Company have absorbed 10000 out OF $4,000
shares Of
THE PACIFIC AND ATLANTIC COMPANY
and now hold controlling interest in the same |;
secondly, that the Pennsylvania Central Railroad
are in negotiation, II they have not already
completed their arrangements, to extend tho
wires OF the Automatic Telegraph Company
throughout their entire line, embracing New York,
Philadelphia, Baltimore, Washington, Cincinnati,
Chicago, st. Louis and other large cities OF the
Union 1t Is said that this change will make o
serious difference to western Union interests and
may prevent Mr.. Vanderbilt from fully carrying
out his purposes should he be elected President of
the latter company In October. New York Central
at n hat
price and closed at 1914. Lake Shore sold
at 94N e5, with frmness to the last. As broker
described It, it seemed the ''sheet anchor of the
day." Harlem sold at 1873 1887. Northwest
common opened at 6914 and went of to 67a4, but
quickly reacted and sold at 6sA. There are no
present evidences Of other than purely natural and
LEGITIMATE SPECULATION
in this stock. 1t is frankly stated that the amount
now on the street is all that will be supplied from
any source, and that the parties to the old corner
have resigned their control and will not interfere
with the movements which may hereafter occur.
Wabash sold at about TN 72sS. Erie was mac
tive at 59sl 5s9s 5a2s which is possibly due to
| the intnaton that the preferred stockholders
propose to investigate the liability OF the directors
for the last dividend on the common stock and to
protest against the issue Of ten or fifteen millions
of bonds for the purpose OF paying another dividend
| ON the same tending to injure their own invest
ments as preferred shareholders. Canton opened
at 1o1 aud sold ut 1902 New Jersey Central sold az
1O3 Hannibal and st. Joseph at &c. Ohio and Missis-
sppi at 40 3eX 39sl, q. G. and l. G. at 80 31x.
PACIFIC MAIL
was erratc, commencing business at 377s, recedng
u per cent, advancing TO SO and then steadily 60
ing of to 37k 37ls 81. This Weakness 1t is said.
was due to the seizure Of two OF the steamships
der q writ OF attachment in default Of the payment
of 10000 due to tire city and county OF New York
for taxes The marshals were in charge Of the YES
sells when the market closed. Should the company
succeed in borrowing the necessary funds tomor
row or give bonds for the payment OF the amount
due, the ships will doubtless be released without
further trouble. Meanwhile the event will probably
be the cause OF lively commotion In the street to-
morrow.
| HIGHEST AND LOWEST.
The following table shows the highest and lowest