The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-05-28

UWiu8 ef0 inc ACKNOWLEDGEMENTS STATES cur
rency SKIES, 1leH Q llek; do. sixes 1881, regis
tered, he IlsA; do. do. do, coupon, 1871 122%
do. nve-twenties, registered, May and November,
HOY III; do. do, 1882, coupon, do, llex lit ;
do do, 1854, do do, 1l6H III; do. do, 1865 d.
d. 1lsjs llsx; do. do, 1867, registered January
and July, llsx no; do. do, 1896, coupon, do,
ITO ll9H; do. do, 1857, do, do, 12lx a 1872 I;
do do, 1868, do, do, 1905 120, do. ten-fortes
registered, 1l2x llSk; do. do, coupon, ll43s .
ll4A; do. do. do, coupon. l16 116l4.
SOUTHERN SECURITIES.
These showed no change in the temper OF the
market beyond the advance noted yesterday with
reference to the old Louisfanas. The chief de-
mand to be noted was for Virginia es. Missouri 6's
and Alabama S's all Of which were nrm at prices
previously quoted. The following were the
ruling rates during the day:-Tennessee, ex
coupon, S0k 81; do, new, S0l< S0z {;
Virginia, ex coupon, 43 q 4S; do, skies,
consolidated bonds, SAX q IS; do. sixes
deferred scrip, II 114; Georgia sixes
10 81; do. sevens, % %; North Carolina, ex cou
pom, 20 80; do, funding, 1860, Is 20; do, do,
1868, II 20; do new, 10 II do, special tax. Is
Is; Missouri skies, ssI o.; do, Hannibal and St.
Joseph 81 90; Louisiana skies, IS "a; do, new,
40 q so; South Carolina skies, rs q SO do, new,
January and july Is Q II; do, do, April and Octo-
Der, 20 rs; Arkansas skies, funded, IS 40.
THE STOCK MARKET.
Wall street to-day treated itself to slight specu-
lative paroxysm In couple OF its fancy stocks,
and, after the lethargy that has prevailed for the
past ten days, 1t did not prove an unwecome
change. At least, 1t gave the financial world
something to talk and wonder about. Possibly 1t
stirred up not few "drY bOnes" for the result
was sudden unloading of Union Pacific and Pa
cifc Mail stock to degree indicating that some
<hn. la~ ontn
the same in both instances, the causes which led
to it were perfectly distinct from each other, and
il is possible to any sympathetic relation
ship between them in the course Of the movement
The
FALL IN UNION PACIFIC
was due to the publication in the morning Jour-
nails OF the fact that q suit is about to be pressed
by the United States against that corporation and
the Credit Mobilier. While this has been long ex-
pected, the commencement OF proceedings appears
to have brought the matter towards q focus, and
q heavy sale with corresponding depression in the
securities was but natural sequence. The stock
opened at 30A-A per cent below the lowest
quotation OF yesterday-thence gradually receded
through the fractions OF 49, IS, ~ and 26 rallied
temporarily to q, and finally resumed its down.
ward course until 1t touched 25k. This was the
lowest point or the day. Reaction now set in, and
corded at 26k.
owed its break to other influences. although they
were not materially felt until about noon, when
the price dropped l per cent from the opening
quotation, and thence continued to decline until
the lowest limit OF the day was reached-tO wit,
Ala, the two extremes being the last figure
named and ASK, q difference OF about AZ per
cent. At the close, however, there was slight
Improvement, during which the price touched
42s5, with . final quotation of Az. Various
reasons were given for this sudden exhibition OF
weakness, and every one OF them has been re-
iterated during the last ten days. 1t so happened,
however, that the street was in plastic mood
that favored the reception Of almost any impress
sion which the widest rumor might create, and
THE BEARS" TOOK FULL ADVANTAGE
OF the fact. Many statements were made concern
ing the change In the direction Of the company,
which il to take place tomorrow, and not few
persons were active in circulating the report that
legal proceedings were about to be commenced
with q view either to the appointment of re-
ceiver for the purpose OF contesting the Bridge
port mortgage. whether these statements were
truthful or not, they served to create slight
feverishness, and theconsequence was seen In the
unusually large sale OF stock recorded elsewhere.
The influence Of these two events was more or less
felt on the general market, and, with but few ex-
ceptions, there was decline Of from "a to IL per
cent. Western Union went from S51S to S4lS, raj
lying u per cent at the close. Rock Island showed
the extremes OF 1855 and 1072<. Lake Shore fell
of about u on the average OF prices during the
day. while c., c. and l. c. part0ok OF the prevailing
depression by receeding from 3l1s to 29,s. New
York Central sold at 1905 q u a u; Erie at 627l
e3,S q y q n; Ohio and Mississippi at Az, AZ a
4OI Ak. other quotations will be found else
where.
HIGHEST AND LOWEST PRICES.
The following table shows the highest and lowest
prices OF the principal stocks during the day
Highest. LOlrest.
New York Central. .1O0T 1905
Erie. Observation-Disclosures. 63T 62h
Lake Shore. NEUTRALITY-SUSPICIOUS.. 9OM 9Oh
Wabash. Observation-Disclosures. 6SZ 67X
Northwestern. Observation-Disclosures. No transactions.
Northwestern preferred. ......... IS IS
Rock Island. .....................108 I lO7L
St Paul. ........................5 5k san
ST. Paul preferred. ............... 1914 723s
OHIO and Mississippi. ............ AZ 40X
y-ni0