The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-01-16

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THE CITY BANK STOCKS. ~
The following were the bids for the city bank
shares Manhattan, 164; Merchants, ia; Me-
hanics' 1927 Union, 1s4k; America, TAT; City, 251;
Pnenix, 100; North River, IS; Galatin National
III; Merchants Exchange, IS; state of New York.
100; Commerce, 112K; American Exchange no;
Bank Of the Republic, l1S; Bank Of North America
1o2h Hanover, 90; Irving, 122; Nassau 100; Shoe
and Leather. la; Corn Exchange, 1870; Continental
so; Commonwealth, So; Importers and Traders,
III; Park, las; Manufacturers and Merchants, o.
Central National. 90; Fourth National no; Ninth
National lo3; Geld Exchange, 100; Bankers and
Brokers' Association, 80; German American, 1OA
GOVERNMENTS RAMPANT.
The advance In gold and the rise In our bonds in
the London market combined to give smart up
ward impetus to the government list, prices ad-
vancing Hah per cent The domestic inquiry
also took fresh run upon the currency skies,
which advanced to ia, with 1l4K bid for them at
one time late in the day. The following were the
closing quotations limited States currency sixes'
ia 1l4k; do. do., 1881, registered, 115K 115N;
DO. do, coupon, 1l6ys ll6K DO fvetwenties reg
istered, May and November, 113x 1885; do do.
1861 coupon, do., 11sx ia; do. do, 1854.
do do, ia 1l4k; DO. do, 1885. do. CO., 114zs
ll5h do. do, 1867, registered, January and July,
114k . 114N; do do, 1856, coupon, do, 1l3X
113T; do do, 1857, do. do, 116H 115H; do. do,
1868 do. do, 114N 115s; do. ten-fortles, regis
tered, 11OX 1llH; do do, coupon, Ill 111H;
do ives Of 1881, registered, INK 112K; do do,
coupon, Xix ll2A.
SOUTHERN SECURITIES DULL.
The Southern State bonds were dull and gener-
ally steady. The Ten4essees were exceptionally
heavy. at 80 7sX. Otherwise the changes were in
significant The announcement that the State OF
Louisiana would meet her interest obligations on
the 18th inst. has been premature-or rather the
promise has not been kept. The bonds were weaker
to-day In consequence OF the deferment or de-
fault, whichever it may be. and the agents in this
city owe 1t to the public to make an explanation.
The following were the closing prices:-Tennes-
see, ex coupon, 7oK q so; do, new, 7sh 80; Viz
ginia, ex coupon, IS so; DO, registered stock,
old, 80 AZ; do skies, consolidated bonds 65H .
SO; do. do. deferred scrip, Is 10; Georgia skies,
10 so; do. sevens, 81 a 90; North Carolina ex
coupon, SO 34 do, to North Carolina Railroad,
IS co. d. funding, 1866, 25 %; do. do, 1858, "a q
20; do, new, 10 q 81; do, special tax 10 IL;
Missouri skies, 90 93x; do. Hannibal and St. J0-
seph, 90 o 81; Louisiana skies, 50 So; d. new, As
So do. levee sixes so IS; do. do. Fights, so 70;
do. do. Fights, 1875, so q 10; Alabama fves.
go a "a; do. Fights, IS 90; South Carolina SKIES,
40 a so; do, new. January and July. % 49, do.
do, April and October, "a q 25; Arkansas skies,
funded, IS 40.
MEETINGS, REPORTS, &C.
The following additional announcements appear
in our advertising c0lumns:-
At the annual meeting Of the Board Of Directors
of the Tenth National Bank Mr.. Walter B. Palmer
was unanimously reelected President.
The annual report of the Travellers Insurance
Company OF Hartford shows assets OF 81, 259, 945.
against liabilities OF $1,654,573. The whole number
oflife policies written in 1872 was 2367 and acct
dental policies 81, AS -
STOCKS DULL AND LOWER.
The stock market opened steady, and even irnn,>
the earlier business OF the day being at rather
better prices than prevailed at the close Of the pre-.
vOus day, the chief feature being further rise in
Erie to 62h. But with the hardening OF the money
market toward three O'Clock, the decline in Erie IN
London and the cable advices OF Respondent feel
ing in the English market, owing to the frequent
and numerous failures in trade Of late, prices re-
coded and the market drfted into weakness, Erie
falling TO 6oh and Western Union to s23s the latter
being hammered by the 'bears' in pursuance Of the
advantage which the days fortunes awarded them.
The struggle in western Union is likely TO be pro-
the opposing sides is Of large extent. The HERALD
has already fOreshadowed the
NATURE OF THE CONTEST,
and has Indicated the designs Of both the ''bus"
and the "bears." The general market sympathized
with these changes and fell or a per cent. the
amount Of business being quite limited, however,
outside the leading features Of the list. Contrary
to the apprehensions Of many of the holders Of
Rock Island stock there was public sale Of the
six millions OF new capital, of the creation OF
which notice was given to the board thirty days
ago. Union Pacific was exceptionally firm, and
part OF the day was higher, but eventually receded
to and closed at Its opening price, to which 1t was
dragged back by the rest OF the market. 1t is re.
ported from Chicago that Jay Gould is endeavoring
to influence legislation in the Illinois Legislature
in favsr Of his plans regarding the Northwestern
Railroad. His object is, probably. to secure re-
peal OF the Classification act in order that he may
obtain complete control Of the direction.
HIGHEST AND LOWEST PRICES.
The following table shows the highest and lowest
prices Of the principal stocks during the days
Highest. LoDest.
New York Central. .l02& 10ls
Erie Observation-Disclosures. 62I 60L
Lake Snore.. So wa
Wabash Observation-Disclosures. 73Z 73i4
NORTHWESTERN. mo uanSactiOns.l
Northwestern preferred....... SO So
Rock Island. ...................1 lily 11OL
st. Paul. ga bzh
st. Paul preferred. ............. T7S Tx
Ohio and Mississippi. ........... 47is 46is
Union Pacific. .................. 3b5s 35As