The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-06-03

3S3 VA E,e n Y s.: S Jk 4 :; s.:
S:s ,sS:s .s; S:s MIN
SOUTHERN SECURITIES
were dull and inactive The demand was confined
to Tennessee skies new, which sold at so1S, old
At 81 and Alabama eights which sold at SO. The
prices quoted are as follows:-Tennessee, ex
coupon, 7sx SOY; do, new, 7sh q 80; Virginia,
ex coupon, 43 o 4S; do. skies, consolidated
bonds, "a HA; do. SKIES, deferred scrip,
loH IL; Georgia SKIES, IS 81; do. sevens,
OF o %; North Carolina, ex coupon, 2sh q
80; do, funding, 1865, II 10; do, new. 10 q
II; do, special tax, Is 49, Missouri sixes, 93,s
o.; do, Hannbal and st. Joseph, Of 90;
Louisiana skies. ~ S.; South Carolina skies,
new, January and July, 155z lo; do, do, April
a 40.
GOVERNMENT BONDS
were shade lower to-day than on Saturday, and
the transactions were comparatively light. Five
twenties OF 1862 and 1854 s0u at 116k 1865 at
1lsX; 1875. coupon. at l21x; 1858, coupon, at
100. The following are the prices quoted:-United
States currency skies, 116< 116; do. sixes 1881,
registered, 1851 11Sx do. do. d. coupon, 122h
1924; do fve-twenties, registered, May and No.
vember, 1851 11ea<; do. do, 1882, coupon, do,
l16H 116A; do do, 1854, do, do, 1861 ll6,< (;
registered. January and July, lis 1l5K; do. do,
1865. coupon, do, 11s llsk; do do, 1867, do,
do 1919 121T; do. do, 1868, do, do 100 1905
do ten-forties, registered, 1l2h 112%; do. do,
coupon, 1l4H ll4A; do. fves, 1881, registered,
115A; 90. do, coupon, 1l6h o 116.
STOCKS STEADY AND FIRM.
The stock market shows cheerful undertone.
With the exception OF Pacific Mail, about which
there is lingering doubt for reasons that will be
stated hereafter, the feeling concerning the future
OF securities is more hopeful and buoyant than 1t
has been during the last or the preceding week.
Indeed, comparison or the quotations for several
days will demonstrate that there is a current Of
confidence at work, the resultant OF which is
slow but steady appreciation OF values. The move
ment in New York Central, for instance, is very
decided, the price having advanced from 1907 on
Saturday to 1925 today the lowest price being
1917. but with the largest transactions at the
higher figures. This Improvement ia doubtless due
to the enlargement of facilities Tor labor and earn
ings, now in progress. Lake Shore exhibits a
similar impulse, the advance to-day having been ~
per cent The stock opened at Oh, dropped for
moment to 81, then recovering sold at Ok, g13<,
91ss, ok, 90, 9l7s, 91s<, but at the last board
strengthened and closed at 923S. Western Union
opened at $50, retired to S4T, but rebounded and
remained firm to the end with slight fluctuations
ucLWeeH oo4 anu o05s, Tue HlgHeSI pOnC OIL the uay
being $685. Rock Island took part in the general i'm
provement and moved up to 1l0S being IL
higher than the best price Of Saturday st. Paul
was firm between the extremes OF 54A q 55x,
improving with the later tone OF the market. To
ledo and Wabash also advanced. opening at 6S3<
and closing firm at SO 69L. Ono and Mississippi
sold at Ala 41'S Al 1a Az, AZ, Az and 41 closing
at the last named figure. Delaware, Lackawan
and western was steady at an average OF 1o5. Co. G.
and ]. q. ranged from 303 to 31h. Erie simply
held its own at 6314 63%. In Union Pacific there
was considerable activity, but not sufficient to
cause larger vibration than about " per cent.
The chief speculative feature OF the Board con-
tinues to be Pacific MAIL its stock opening at 4014,
dropping to 40, s9X to 398 39A before the call,
reaching at the first board to 40, moving up frac-
ton after noon but eventually dropping to 39x
3s14 &c. at which price 1t closed. The impression
Of the street is that Pacific Mail good deal ike
an April day-iull OF showers and sunshine. Just
now storms are foreboded. People who know say
that within week statement will be presented
by the new Board OF Directors that will cause the
holders OF stock TO look about for q first class
obituary notice. because 1t will be made to appear
that there IS q million or two OF difference
between actual facts and mere suppositions. On
the other hands, the shrewder ones insist that
the whole present plan is to bear the market to
the worst and then open battery In regal style as
the precursor Of an old-time battle. The Board of
Directors met to-day, and among other things
took into consideration letter addressed to them
by prominent banker and two other gentlemen,
requesting that true statement OF the affairs OF
the company should be issued Tor the benefit OF
the stockholders-a statement that would neither
mlslead the public, thwart the interests OF the
company nor do injustice to truth. As above in
tlmated, it is understood that such q report is
forthcoming, the accountants being already at
work upon the all-important figures and that it
will be gloomy enough to make everybody "stand
from under" and say Wall street prayers.
HIGHEST AND LOWEST PRICES.
The following table shows the highest and lowest
prices Of the principal stocks during the day: :
Highest LO,rest.
New York Central. ............. .102h 1919
Erie. ........................... 63A 63L
Lake Shore. ..................... OK 81
Wabash. ........................ 696 6sI
northwestern NO trQQSactlOns.
Northwestern preferred. ........ IS IS
ROCK lsland...... ................1lo9 100