The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-02-13

sour skies sold at 94x and the new South Carohnas
July issue. at 2lX. The following were the closing
quotations Tennessee, ex coupon, 10 7s%; no.
new 70 7oX; Virginia, ex coupon, 40 DO; no. regis
tered stock old, 81 4s; do Sizes consoidsted
bonds. 55k 5s do. do skies, deferred scrip, AK
lax: Georgia skies, 10 SO; do. sevens, 90 81;
North Carolina. ex coupon. 50 34k; do to North
Carolina Railroad, 90 81; do. funding, 1856, "a
20; do. do, 1868, % q rs; do. new, IS 10; do.
special tax, IL IA; Missouri skies, 94h
OAK; do. Hannibal ana St. Joseph. 90 q %;
Louisiana sixes SO IS; DO. new, As so; do.
levee skies, so 60; do. do. Fights, so 65; do do.
Fights. 1875, GO a rs; Alabama fves, 81 a 90; do.
eights SO a 81; South Carolina skies. 40 so; do.
new, January and July, % a 22h; do. do, April
and october. FAX &c; Arkansas skies, funded. 40
o 90.
GOVERNMENTS STEADY.
The government list was only steady despite the
higher average of the gold premium, its tendency
toward an advance in prices being checked by the
activity in the money market The currency skies
were heavy and IL fraction lower at lis. The new
fves were firm but still nominal few sales
were recorded at 113H, at which they are 1t VIII
be seen nearly one per cent below their par In gold
The following were the closing quotations.
United States currency skies, 114 115k do. skies,
1881, registered, 117s 1l7's; do. do. do, coupon
1lsk 1887; do fve-twenties, registered, May and
November, 1854 115h; 90. do, 1852, coupon, do.
115L a1l5h; do. do, 1854, do. do, 1l5A 115K; DO
do, 1855, do. do 1l51z l15K; do. do, 1851. regis
tered, January and July. l14h 1l4x; do do. 1885,
coupon, do, 114k 114,S; do. do, 1851, do. do,
llsh a 1i6x; do. do, 1868 do. do, 116k ICY;
do. ten-lorties, registered 1llK a nix; do. do,
coupon, 1l4,5 ll4H; do. ves OF 1881. registered.
1l3x 113X; do. do. do, coupon, 11s* q 11SX.
STOCKS WEAK AND LOWER
The bearish tendency OF the movement at the
Stock Exchange made further progress today
under the auspices Of the parties who are directing
their efforts in furtherance OF the speculation for
lower prices. Their operations, as previously
noted contemplate simultaneous movement for
advance In gold, by the locking up OF which they
hope to make money stringent through the reduc-
ton of the reserves OF the banks and gold scarce
and worth consideration for its use. 1t Is not
often that this double scheme has worked, and the
attempts to carry it out have heretofore generally
miscarried, because the spectators have caused
reaction against themselves after they have reached
certain point and made money too stringent to
borrow readily for the locking up of their own gold
But The present combination claim to have avail
able capital enough to carry out what they profess
to be their intentions, and the parties already
credited with being enlisted in the speculation
among the richest and most
RECKLESS AND DESPERATE
OF professional operators. Tney DelleVe tney nave
found the money market in a condition seldom
paralleed at this OF the year; that, with
the banks down to within million dollars OF the
limit of their reserves, the opportunity to lock up
money and go short Of stocks and long OF gold has
been taken advantage Of with the hope and ex-
pectation of pr0ntable success. The pressure to
sell to-day the disclosure OF the relations OF the
cnques to the market induced weakness and
general decline in prlces the more conspicuous
feature In the downward movement being Erie
which, it is only truth to say, has been more de-
moralized by the declaration OF a dividend
than it would have been by the omission
fone for reasons which 1t Is difficult TO define
exactly, unless we accept the popular rejection
of the assertion that the dividend was really
earned. With the advent OF such rates as 1-l6 q
for money, the decline was most pronounced for
the general list, Erie falling to So and the others
declining a o 2 per cent. Meantime an
EXCEPTIONALLY STRONG
feeling prevailed In Pacific Mail, Western Union
and Union Pacific. In the case OF Pacific Mail the
''bu, clique, who have been sustaining it SO long,
boldly took the stock as fast offered and ran the
price up against the general current. thereby Sc
curing they believe considerable short interest.
Union Pacific and Pacific Mail wavered for while
with the rest Of the market, but eventually cut
loose from 1t and advanced to higher quotations
than they started with. The light fancy, Boston,
Hartford and Erie, also sailed against the stream
and rose to OK. The fact that the government
bought million Of bonds to-day and the quotation
OF SIX per cent for money subsequent to three
O'Clock, helped very natural reaction in the last
haf-hour of business, during which prices recov-
cred per cent from the lowest OF the day.
HIGHEST AND LOWEST PRICES.
the following table shows the highest and lowest