The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-06-08

Han Ia
Del Lack K W st m. .lu0 Bur- x Min lst Tsg sS1s
SOUTHERN SECURITIES.
The sales were comparatively light and
the quotations are as Follows :--Tennes-
see, ex coupon, 70 a 70,ss do, new, 1874
10; Virginia, ex coupon <s a 4S; do. skies,
consolidated bonds, SAX 55A; do. de-, deferred
scrip loh IL; Georgia skies, rs a so: do. sevens
Oh a o.; North Carolina, ex coupon rs u %; do.
to North Carolina Railroad, so 60; do. sunding,
1885, II IS; do. do, 1885, 16 a IS; TO. new IL q
AZ; do. special tax, 1914 IA; Missouri SKIES. 9szs
"a do. Hannibal and ST. Joseph, OK 90 :iLouis-
ana SKIES, as a 81, do, new, 40 a 5o South Caro-
lima SKIES new ,Janrary and July, Is 1915; do
do, April and October, % "a; Arkansas sixes
funded IS 10; Mobile and Ohio Railroad ster-
ling. SO 81; do interest Fights, SO So Mississippi
Central Railroad first mortgage seyens, "a 81;
do. do. second do. eights 81 a 81; New Orleans
and jackson first mortgage, 81 %; do. do. sec
Ond do, Sc 81; Memphis and Charleston Rail-
road first mortgage, SO IS; do. do. second do,
rs n Greenville and Columbia Railroad, guar
anteed by South Carolina, SO q SO; Macon and
Brunswick, guaranteed by Georgia, 81 a "a; Men,
pins city skies, 56 a So; Savannah City seyens 81
q "a New Orleans sevens So 90.
GOVERNMENT BONDS.
These continue to maintain their frmness but
with inability on the part OF the bankers to supply
the demand for foreign account special de-
spatch from Washington says that $4,000 900 OF the
$50,00o000 called bonds have been received at the
Treasury IL is stated that the remainder
$40 600, 900 OF called bonds-wil come from London
The prices OF governments to-day were as fol-
ows:--United States currency skies, 1881 ia;
do. skies, 1881, registered, 116 116K; do. do do.
coupon, 1221 1885,; do fve-twenties, registered,
May and November, III NIX; do. do, 1862,
coupon, do, 1l79s 1i771; do. do, 1864, do. 40,
"a
do. do. 1867, registered, January and July, 1l6 a
l16i4; do. do, 1865, coupon, do, 100 q 120H; do.
do, 1867, do. do l2i2s l22; do. do, 1865 do. do
1908 a 12lb; do ten-forties registered, 112M
ll3; do. do, coupon, Il4s ll47s; do. fves, 1884,
registered, 1l5}z; do do. do, coupon, l151s l16
BANK SHARES.
The prices offered for bank shares are as foows:-
New York, 1856; Manhattan, 1872; Merchants, 121 "a;
Mechanics, 1873; Union, 1870; America. 1856; City,
255; Phenix, 90; Mechanics and Traders. 1872 Gal
latin National, 12O; Merchants Exchange, 80; State
Of New York, ITO; Mechanics Banking Association,
100; American Exchange, 100; Bank OF North Anne
RIGA, 100; Hanover 1919; Irving, 100; Metropolis.
tan, 1861; Market, 12l; Corn Exchange, 1876;
Continental so; Commonwealth, So; Importers and
Traders, 1856; Park, 1904; Central National, 95;
First National, 215; Fourth National, 112@; Ninth
National, 10it4 Oriental. 1885, Gold Exchange l12;
German-Amercan, 1908.
THE PACIFIC MAIL STATEMENT.
The chief activity OF the Stock Market to-day was
exhibited with reference specially to Pacific Mail,
Western Union and Ohio and Mississippi, but the
general tone was weak. The former maintains its
speculative position ana is evidently the shuttle
cock OF the bulls and bears, OF the parties evil
IDENTITY being intent on game. the result of which
VIII, doubtless, some day cause surprise. The
Ong-talked-of report was not made public until |
late in the day-toO late to exert direct influence
on the market. 1t is questionable, however,
whether 1t viii prove very cheering in its effect
upon anybody. The report leaves the public to
draw their own inference confessing to gross
receipts for the year ending May I, 1873,
of $5,7S5,210 and to total expenses
for the same period OF 1885, SCI, leaving .pront'
OF $500 $50 Against this exhibit is the cost OF
steamers lost during the year, amounting to
81 657, e4.. The statement of property, however,
shows, OF real estate, &c, $20O0,s31, and thirty
four steamers, the value Of which not given,
the Company propose TO have them appraised as
early as possible.n
There are, besides these Of incidental assets
S3l2 500, representing cash and investments or
COAL outfits and supplies on hand there are, say,
81, 500 000 while si,9l,1ls are due In payments of
about 100000 per month on eight new steamers
built and in process OF building. II Will be seen
from the foregoing that the picture Is not as dark
are cminently satisfactory. The details OF the
will nc found in another column.
MISSISSIPPI.
The statement made yesterday with reference to |
the bonds of the Ohio and Mississippi Railroad
Company, although based on information believed
to be perfectly correct at the time, requires some
modification 1t appears that just before the de-
paruTe OF the President OF the company for Europe
1t was deemed advisable by the Board OF Directors
to issue, for contingent purposes-chlef among
which the re-equipment OF the road with steel
rais-a loan OF $1,000, 600 IN the shape OF sinking
fund bonds OF $1,000 each, bearing per cent in
terest ron the list OF May, 1873. or this amount
100000 alone has been authorized to be issued,
the remaining 5000 900 being held in allegiance
because OF the large earnings OF the company.
These bonds are understood TO be in no way lien
upon the road, but follow the preferred Stock
being practically the promises TO pay OF the COM
pany. 1t was undoubtedly the appearance Of these
new bonds on the street which has led to the sud-
den movement in Ohio and Mississippi. These facts
being unknown at the time the information was
given 1t is but Just to the financial public thus to
rectify any impression that may have resulted from
the former statement. The stock opened to-day at
39ss, but at the first board it was evident
that considerable fever existed among the
holders of the stock, and there was "a consequent
unloading which not only made The market
lively, but carried the price at the close Of
the day to 371a. The remainder of
STOCK MARKET
showed an average variation from extremes OF
only about per cent during the day, except Erie,
which went OF from 90. to 6oA, ana Rock Island,
which ran short chromatc scale OF fractions be-
tween los;s and 1895. growing stronger, however,
with each sale. Delaware, Lackawanna and
Western sold ut 1868 Michigan Central at 100.
1oo1s 90. Nearly all Of the prices declined tow
ards the close.
HIGHEST AND LOWEST PRICES.
The following table shows the highest and lowest
prices of the principal stocks during the day.
highest. LONGEST.
New York Central. ..............10 DIX I0lls
Erie. Observation-Disclosures. 62ls 6OI