The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-02-16
THE CITY BANK STOCKS.


The following were the bids for the city bank
shares:-New York, 100; Manhattan, 1871; Mer-
chants. 1l6s; Mechanics, 1875; America, 149; City,
$50; Phenix, 1902; Mechanics and Traders, 100;
Gallatin National, 100; Merchants Exchange, 90;
state OF New York, Ill; Commerce, 115; American
Exchange, 112; Bank OF the Republic, Ill; Bank
OF North America, 1O4; Hanover, 105; Irving 122;
Metropolitan, 1887; East River, 112; Nassau 1903;
Corn Exchange, 1925; Commonwealth, IS; Manu-
facturers and Merchants, 100; Central National,
%; Fourth National my; Ninth National, 1O5;
Gold Exchange, liz; Bankers and Brokers' Asso-
citation, so; German American, 1922
GOVERNMENTS STRONG.
The government list was strong, In sympathy
with the advance In gold, especially as the rather
easter tenor Of the money market checked the ten
dency to sell. Quotations at the close show an i'm
provement Of u u per cent, as follows:-United
States currency skies, 114zs 1151I; do. skies,
1881. registered. HIS 1179s; do. do. do. cou-
pom, 1855 1lsgs; do. fve-twenties, registered,
May and November. 1851 1853; do. do. 1852,
coupon, do. 1857 115sS; do. do, 1884, do. do,
1857 1853; do. do, 1866, do. do, 1854 116;
do. do, 1867, registered, January and July, 114H
q 114T; do do, 1885, coupon, do, Hay O 114s;
do. do, 1867, do do, 1864 1852; do. do, 1863
do. do, 116S 1862; do. ten-forties registered,
111n 1111; DO. do, coupon, 1l41 114al; do.
ives of 1881, registered, 1l3 113,4; do. do. do,
coupon, 1l31s 1133.
STOCKS WEAK AND LOWER
The stock market except during the first half
hour or so OF business, when the exceptional
strength of Lake shore and Western Union ad-
vanced these specialtles to Ok and 80 respec-
lively, was weak on an early foreknowedge OF the
bank statement by parties who had made it q
point to anticipate its character, and steadily de-
clned an average OF about one per cent, the last
being the lowest prices of the day, the actual ap-
pearance OF the bank statement eXerting its nor
NAL influence OF depression instead OF being fol-
lowed by the somewhat illogical, but usual. reac-
ton. In this case, however. the statement was
SO much worse than had been expected that it ap-
peared not to have been discounted sufficiently,
for the market continued on it's downward
course at
A sPEEpIER RATE
and was arrested only by the clatter Of the ad-
journing gong. The chief decline OF the day was
Pacific Mail, which, in addition to suffering with
the general list, was further depressed by a vague
rum0r of another lost steamer and fell to- 72zs.
Erie dsregarded the London quotation and went
of to 63H. Lake Shore receded to 98H, Western
Union to S7H and New York Central to 1927.
Lackawanna was heavy and lower at 1929 on the
circulate Of statements chat lawyers express the
opinion that the proposed legislative enactment
legalizing the consolidation of the road with the
New Jersey Central is not constitutional. and If
passed will have no force The shares OF the new
Mariposa company fell to 16. The Chicago and
Alton Railroad Company have declared cash
dividend Of per cent.
The Southern State bonds were dull. The Ten
nessees were better and steady at 70. Missouri
skies were heavy and declined to 944.
HIGHEST AND LOWEST PRICES.
The following table shows the highest and lowest