The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-01-14

70 %; 40. sevens, s. q 90; North Carolina. ex
coupon, s3K a "a; do to North Carolina Railroad,
SIS 90; do, funding. 1866. Is %; do do, 1868, "A
27; do, new, 10 a q; do special tax, 10 q Ia;
Missouri skies, 92H os&; do. Hannibal and st. Jo-
seph, 90 oo Louisiana skies, SO So; do, new, As
so; do. levee skies, so So; do. do eights 90 70;
DO. do. Fights, 1875 90 q TO- Alabama fves.
80 o.; do. Fights, 50 90; South Carolina skies.
40 q so; do, new, January and July. % %; do.
do, April and October, 23 a %; Arkansas skies,
funded, IS o 40.
GOVERNMENTS BETTER.
The government list wavered little at the early
boards, under further disposition to SELL in SYM
pathy with the weaker ruling Of the gold market,
but rallied at the last board, and In subsequent
dealings improved q fraction and closed
strong. The currency skies advanced to ll3k.
continuance OF easy money seems to be all that
Is now necessary to start fresh and
active demand for government securities. The
following were the closing quotations limited
States currency SKIES, l13tt 11s,S; do. skies,
1881, registered, 1151S a 1851; do. do, coupon
1854 1l6; do. fve-twenties. registered,
May and November, 1l2N 1laH; do do.
1862 coupon, do. 1854 1887; do. do. 1864,
do. do, 1l3d o 113s&; do. do 1885, do. d.. Hay
1l4sl; do do, 1867, registered, January and July
ia a 1144; do. do, 1865, coupon, do. 1857 q
113ll; do. do.. 1867, do do, lax 1l4JS; do. d0
1868, do. do 114I a 114%; do. ten-fortles. regis
tered, 110A 1107s; do. do, coupon, 110x ll0T (;
do. fves of 1881, registered 1l1A 1924; do do,
coupon, 111'< lI2A
STOCKS UNSETTLED.
The stock market was unsettled and the course of
prices irregular with the average result rather
the side of buyers, the market towards the close
becoming fairly steady, with a moderately firm
undertOne. The weak spot was Union Pacific
which, under pressure OF sales on orders from
Washington declined to a. the orders being predi-
Gated upon the action of Congress in proposing
that the government shall withhold payment for
the carrying Of mails as long as the road remains
in default upon the interest Of the government
mortgage. 1t Is not unlikely that some Of the
honorable members Of Congress and goodly
proportion Of the Washington lobby are "short" OF
Union Pacific and hence the movement to depress
the stock Not that 1t need amount to
much for this reason. The experience OF
Wall street brokers is quite uniform that
LEGISLATORS AND LOBBYISTS
are among the unluckiest OF their customers, and
that In nine cases out OF ten 1t is pretty sure
thing for profit to copper" an order from Albany
or WashingtOn-Or, in less technical language, to
operate contrary to such an order. 1t Is hard to
understand why the men who load the dice should
make bad play; but give the facts as any broker
will attest. 1t may be that the game In Union
Pacific will prove exception to this experience
but then 1t has merely the chance Of doing So A
further break in Erie to $50 attributed to in.
tended new issues Of stock for the acquisition,
among other objects 80 it was strangely rumored,
of the Rome and WATERFOWL Railroad, though
where the connection was to be established was
not explained. 1t was also said that the property
conveyed by Jay Gould was heavily mortgaged, and
still another rumor had it that the company could
not pay the dividend on the preferred stock Some
Of the sceptical auditors Of these various state
ments fancied they perceived in the whole Of them
deliberate effort to weaken the stock in order to
permit purchases by Jay Gould and his Lake Shore
allies, with whom Erie is now
THE GREAT DEsIDERATUM.
Rock Island advanced to Ill u ON q rumor that an
Injunction had been procured preventing the sale
oil the 100000 new stock notified to the Stock
Exchange and which is due upon the market day
after tomorrow, but fell or to HOY when the
rumor was denied. Professedly shrewd parties as
sert that the new stock has been already taken
care OF, and others insinuate that it may not be
issued at all, except a dividend to present stock
holders, for a small consideration per cent. An
advance Of one per cent was recorded at one time
in Ohios and c., @. and !. c., but they lost por
ton Of 1t later in the day. western Union Tele-
graph got as far rs s4ss, when it declined under
large sales to realize profits, but reacted at the
close to S4's. Pacific Mail was feverish within
what for it was a narrower range Of fluctuations
viz. 707S ia Boston, Hartford and Erie advanced
to so on the announcement Of developments In the
Boston Courts impugning the validity of the Bur-
dell mortgage. New York Central was O per
cent lower.
THE CLOSING PRICES.
The following table shows the highest and lowest