The New York herald., 1873-03-01
NEW YORK HERALD SATURDAY. MARCH 187a-TR1PLE SHEET

w" new fves, which were weak and nominal. The
<aser tenor Of the money market induced better
demand for the currency skies, which were about
y better The following were the closing quota
tions Limited States currency skies, 114,. ll4H;
do. 1881, registered, llex al16X; do, do coupon,
1lsHa 1lSk; do hve-twenties, registered, May and
November, ll5x 115X; do do, 1852, COUPON do,
1l6K 115H do, do. 1854, do do. 1861 116A do.
do 1865, do, do, Ie14 lle; do. do, registered,
January and July, l14K o hay; do. do, 1855,
coupon, DO, nay 1l4x; do. do, 1867, do, do.'
118H 1864 do. do, 1868, do, do, 1leA l16h;
do. ten-forties, registered, 1l1h 1llH; do. de.'
coupon, l14,t 114% do dves, Of 1884, registered,
l13 113h; do. do, coupon, ll3| ll3H'
SOUTHERN SECURITIES BULL.
The Southern State bonds were utterly dun at
the Boards where the reported transactions were
but two in number, VIZ. "a couple Of sales OF new
South Carolinas at 2ox and 2OA. fair trade at
the desk was done in the Tennessees, which were
strong, and quietly advanced to 81 q so. In fact.
despite the limited dealings at the Board, better
inquiry in an informal way was remarked in the
list generally, and prices at the close show not
only an improvement but nrmeri tone in the
market, the more conspicuous advance alter that
in the Tennessees being in the
VIRGINIA CONsOIs.
The following were the quotations at the end of
business:-Tennessee ex coupon. 81 80; do. new
81 50; Virginia ex coupon, A At; do. registered
stock, old, 81 A.; do. skies, consolidated bonds,
IS Q 55x; do. skies, deferred scrip, AK 15k;
Georgia skies, 10 80; do. sevens SS a 90; North
Carolina ex coupon, 80 80: do. to North Carolina
Railroad, 60 . o.; do. funding, 1896. % AT; do.
funding, 1868 81 25 do. new, II 10; do. special
tax 14k a Is; Missouri skies, % o4h; do. Hanni-
bal and St. Joseph 81 %; Louisiana skies, As 80;
do. new, 40 so; do. levee skies, 40 SO; do levee
eights so 60; levee eights, 1876, 90 10; Alabama
fves, 81 81; do. eights, 81 a 81; South Carolina
| skies, IS 80; do. new, January and July, 2oH
2l; do. new, April and October, 23 Is; Arkansas
| skies, funded, 40 q So gllb
STOCKS FEvERIsH AND STRONG. u
The stock market opened weak In sympathy with
| further development OF weakness in Pacific MAIL
and the general list lost in the business the FORE
| noon per cent of the Improvement IL had
gained In the previous evenings closing buoyancy.
Pacific Mail opened at 621s, but gave way almost
Immediately under the circulation OF o rumor
that Mr.. A. B. Stockwell had been served with q
summons BY the Sergeant-at-Arms OF the House Of
Representatives, and taken away to washington
during the night, In order to get his testimony for
the benefit OF the investigation now being made
into the affairs OF the l' ~
.sF ef PACIFIC NAIL
Steamship Company in connection with the charges
OF the use of bribery and corruption in the pro.
curement OF the legislation Of last Winter granting
the line an extra subsidy OF $500,coo per annum.
The presence of Mr.. Stockwell In the street soon
put quietus upon this report and the price began
Immediately to rally. But In its upward movement
the stock was again assailed with an announce
ment from Washington that prominent witness
had testified during the Congressional investiga
tion to-day that money had been used to induce
Congressman to vote for the bill. As the street
lrnH chic
nature is regarded as Offering a pretext to Con.
gress for the
WITHDRAWAL OF THE SUBSIDY
and hence the price again went down quite rap
IDLY, the influence OF the Congressional investiga.
ton being all the greater as 1t intimated that the
lobby and spectators at Washington, who were so
egregiously disappointed in going "short" of Union
Pacific, have taken hold Of Pacific Mail as an easier
subject for their bearing operations In this
"break" the stock went down to 55K. From this
point rally set in once more, unoer rumors that
Mr. Jay Gould had come to the assistance of Mr..
stockwen, to whom, on the previous day, he had
loaned, 1t was said. million and half dollars on
pledge Of ample cOlaterals, made up OF Pacific
PANAMA SHARES,
the transaction consummated to- day being gen.
orally reported az new undertaking on the 'bull"
side on the port Of Mr. Could. who bought OF Mr.
StOckweH 6O, 600 shares OF Pacific Mail at 55 as q
basis for his share of the undertaking. At the
same time the purchase was regarded In some
quarters as the settlement of heavy ''shorty line
which Mr.. Gould had contracted both by direct
sales OF the stock and by ''standingn upon the
guarantees or 'puts" Of Mr.. Stockwel. Whatever
the real nature Of the transaction 1t had its effect
In causing rather better feeling In Pacific Mail
late In the day, which would have been still
stronger, doubtless, had not some
UGLY RUMORS
got into circulation that the company had ad.
vanced as much as Is per cent upon pledge Of the
stock when the market quotation was up in the
vicinity of 95, and when the speculation of Mr.
StOckwell and his friends was In full feather and
that the loans were stiil unliquidated unless the
unwise alternative had been taken meantime to
buy In the hypothecated and unredeemed stock
under the law Of the last Legislature, allowing the
company to cancel 90 per cent Of its capital.
Panama nuctuated between lO5 and los. closing
strong. Atlantic and Pacific preferred fell TO 20.
but recovered to 267s. Harlem advanced to 1907.
In the buoyancy late In the afternoon, when the
general market cut loose from Pacific MAIL West
ern Union advanced per cent and the Others X
a per cent. wabash was weak and declined to
73x.
HIGHEST AND LOWEST PRICES.
The following table shows the highest and lowest
prices Of the principal stocks during the day.
Highest Lo,oest.