The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-01-25

bonds OF the Syracuse and Chenango Valley Rail-
road will be paid by the First National Bank Of
New York.
SOUTHERN SECURITIES FIRM.
The Southern securities were firmer with more
active market. The Tennessees advanced to 81,
but reacted to SOa. The changes elsewhere were
not important, and prices closed as follows:-
Tennessee, ex coupon. so soh: do. new, so a
soy; Virginia. ex coupon. As q so; do. registered
stock old, 81 AZ; do skies, consolidated bonds
55K 561s; do. sixes deferred scrip, lax Isl;
Georgia skies, rs a 80; do sevens, 90 a OIL; North
Carolina, ex coupon, 80 q 331a; do, to North Caro-
lima Railroad, So 80; do, funding, 1866, "a 2s;
do, do, 1858. % 25; do. new, II 2O do special
tax, IL IA; Missouri skies. 90 931S; do, Hannibal
and St. Joseph, 80 90a; Louisiana skies, so SO /;
do, new, As SO; do, levee skies, so S.; d., do.
Fights, so 60; do do. do, 1875, so IS; Alabama
nves IS 81; do. Fights, 81 O Sc; South Carolina
SKIES, 40 a so; do. new, January ana July % 80;
do, do. April and October, "a q %; Arkansas
skies, funded, IS a 40.
GOLD STRONG-113x A 114A.
The gold market was steady and firm most OF the
DAY and down to within half an hour Of the close of
banking hours made no advance upon the previous
days best quotations., despite the announcement
that the steamers tomorrow would take out
about two millions of specie. But the clique
soon after two O'Clock, and being helped
by the fortuitous coincidence OF another heavy re.
turn Of imports from the Custom House ran the
quotation up to 1l41S 114H, few sales occurring
at 114i the price subsequently relapsng to ia at
which 1t closed. The desperate energy of the
clique has been rewarded so far with natterng sue
cess but their operations should not enlist too
much assistance from the non-proessional class of
dealers.
THE SPECIE SHIPMENT
tomorrow, which, If it all goes. will include
$2OOOOOO Of gold and $780, 900 OF silver is regarded
in many quarters as q losing piece of business in
view Of the current rates for sterling, but bold
operation in support OF their speculation The plan
was originated years ago by young Ketchum, and
adopted by him when specializing for rise in gold,
the expense OF specie shipments being
picayune outlay as compared with the
profits Of the operations to be helped by their
effect. The parties alleged to be allied in the pres
ent gold clique among the shrewdest of the
Wall street fraternity, and have calculated every
move with the utmost elaboration. 1t should not
be inferred from our remarks that the banking
houses who have engaged specie for shipment are
in the combination. The sending of the specie is
with them mere matter OF business and has been
probably
PAID FOR BY THE CLIQUE.
WHO, as an equlValent LOT the gold SENT have
doubtless bought and locked up bills OF exchange.
The novelty Of this last method OF furthering
''bul" movement in gold attests the ingenuity of
the parties concerned. BY its means they have
kept up the rates of sterling despite the lower
Ing OF the rates for money in London but they
are patching up and sustaining a dyke against
the influx OF stream which sooner
or later will overflow their barrier and overwhelm
their enterprise. Meantime they have capital
prestige and ndisputabls pluck and energy
Possessed OF these qualities, there is no telling how
long they may persist in damming the current and
how high they may raise the tide I'm the gold mar
ket. Their present need seems to be q ssshortr
interest, OF which there is but a trining amount.
consequent upon the universally with which the
merchants closed up their gold and foreign ex-
change accounts during the last months OF 1872
while the small Try spectators covered up much
earlier in