The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-03-04
Illinois Cen 7rer t,7hloeX Toll, Jaw, " D.....:. s.
Ali Ter II lft m. lU Post Erie LIST m rs 3SX
ALI Ter Il I'd III, pr. IS Bos II Erie Gid. 6SH
Alta Ter n ID IN, inc. 81 Ced Falls Min LIST m. 80
Chic a n w si......... 20 Bur. G rs. lst,g. 20
Chic A w Isl IN OK
SOUTHERN SECURITIES STEADY

Chic w lst No.. 97h
SOUTHERN SECURITIES STEADY.
The Southern State bonds weresdull ana prices
steady. The Louisaaas were nominal and uR.
changed. The following were the closing quo
tations Tennessee, ex coupon. soX . 81; do.
new SOA o 81; Virginia, ex coupon A q 46h; do,
registered stock DID, SO AZ; do. skies, consolidated
bonds, 55k 55T; do. siNos, deferred scrip 14H q
15 Georgia SKIES 70 So do. sevens, IS 90; North
Carolina ex coupon, 81 80; do. to North Carolina
Railroad, 90 . 81; do, funding. 1868. % 20; do,
funding l08 % 20; do, new, IS 10; do, special
tax, IA 16; Missouri skies, "a q "a; do, Hanni.
bal and st. Joseph, 80 OIL; Alabama DIVES, 81 a 90
do. Fights, 80 81; South Carolina skies, IS q 45
do, new, January and July, 20 Q 20h; d., new,
April and October, % q Is.
GOVERNMENTS FIRM
The government list was firm amid the general
decentralization at the Stock Exchange, and despite
the stringency in money. both OF which influences
were counteracteu by the advance in gold here and
the higher quotations for our bonds In Lon
don. The market could not be called active |;
but sellers were steadfast in their views, and the
amount oil bonds Offering was inconsiderabe. In
fact, its tone and condition were q surprise to
those who had looked for more or less depression
to follow the proposed small purchases OF the
Treasury Department during the present month,
not to speak OF the effect Of
THE AMENDEDyCALL.
OF bonds for redemption issued on Saturday. The
following were the closing prices:-United States
currency skies, 1144 l14h; do, 1884, registered,
116x 116I; do. do, coupon, 1857 11SA; do.
fve-twenties, registered, May and November,
ll5I lle; do. do, 1862, coupon, do, 1l5H
a 116; do. do. 1854. do do, 115A 116; do. do,
1885, do. do. 11ex III; do 1867 registered,
January
coupon, do, 1144 114zs; do. do 1867, do. do,
1867 1861; do. do, 1868, do. do, 116}k a 1l69s;
do. ten-fortles registered, 111A 111H; do. do,
coupon 1l13s 11lH; do. fves of 1881, registered,
113as 1857; do. do, coupon, 1879 1857.
A "BREAK" AT THE STOCK EXCHANGE.
AS ntimated in the HERALD this morning would
prove the case, the shear" cliques at the Stock
Exchange made a dashing raid Oh the stock mar
ket under cover OF a further tumble in Pacific
Mail, an incident or accident which gave them the
key to the movement much more promptly than
they had planned Tor. AS for Pacific Mail, it was
the subject Of a further panic, Occasioned by
rumor that its principal "bull" had at last reached
the end OF his tether and could ne longer support
his speculation or fulfil his engagements with his
brokers' The first sale was at 81, whence
AN IMMEDIATE DECLINE
to 40 ensued, the stock rallying subsequently to
per cent OF an average of about SIX. The "bear"
cliques, who were acting in harmony with the
money "squeezersr' and the gold "bulls," took
quick advantage OF the decentralization occasioned
in the general market by the fall in Pacific
Mail to assail all the leading special
ties or the speculative list. The attack
was made with great vigor aud . wholesale Offer
ing OF stocks, its brunt being delivered against
Western Union Telegraph and Erie, in which they
forced decline Of "a 81 per cent. Excepting
In the case OF G. G. and !. G., which went of
ABOUT TWO PER CENT,
the decline elsewhere was confined to limit of
q a per cent, while actual frmness was displayed
all through by Union Pacific which maintained its
ground against the special depressing influence Of
q Washington news despatch that the Congress.
sional Conference Committee had agreed to o bill
authorizing the Secretary OF the Treasury to with
hold all moneys earned by the company on account
OF transportation for the government, and requr.
ing the establishment OF q sinking fund to meet
the payment Of the bonds issued for the building
the road. Furthermore Panama was buoyant and
advanced to 49, At the time money relaxed so
greatly, as previously narrated, the general mar.
ket underwent smart reaction, but
THE "BEARs" CAME
10 again during the last hour OF business, and TAX
ing advantage OF the thinness OF the attendance
hammered away once more until they pounded the
closing prices down to the lowest of the day. The
desperate assault on the market to-day is partial
ful1lment Of the programme already mapped out
in this column as the one adopted by the cliques.
in suddenly reversing their position as regards the
market preliminary to their operations for "the
Spring rise." The general list endeavored to
CUT LOOSE
from Pacific Mail, but the "bears" insisted on keep.
ing them together for the sake OF the depression
which that stock exerted upon the Others The
'break" in Pacific Mail led to numerous rumors
that the company had lost very heavily in cash by
the speculatiOns Of its President, whose resigna.
ton was demanded at meeting Of the
directors this afternoon 1t was also said
that the principal operator in the stock had made
an assignment in favor OF Jay Gould as
his largest creditor, q statement which caused no
little uneasness to the fate OF the smaller brokers
who had been doing business for him but up to
the close of business no failures were reported,
HIGHEST AND LOWEST PRICES.
The following table shows the highest and lowest
prices of the principal stocks during the day.
Highest. Lotcest.
New York Central. ...102T 1O1I
Erie lex dlv.) .................... 64S 81
Lake Sn0re.... y2es Via
wabash. ......................... ID IL
Northwestern. Observation-Disclosures. 81 81
Northwestern preferred......... SO Ss%
ROCK lSianu. ................... ll3M III
st. Paul. .........................5 SO 52lS
st. Paul preferred .............. 1914 1871
Ohio and Mississippi ............ ASA A1a
tIlOu GdCluC..... o4's o4