The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-03-06
Chic Bur A O ga Ist m. loe
SOUTHERN SECURITIES Dull.

The Southern State bonds were dull The Ten
nessees were exceptionally active and strong,
advancing to 81. New South Carolinas fell OF to %
for the July issues an6 % for the Aprs The Others
were steady. The following were the closing quo
tatlons:-Tennessee, ex coupon, 81 q SIX; do,
new, 81 ASK; Virginia, ex coupon, "A a47; do,
registered stock, old, 81 AZ do. sixes consolidated
bonds, b5H So; do skies, deferred scrip, Az a
U.s. Georgia skies, 70 So do. sevens, 81 CO., North
Carolina, ex coupon, 81 49, do. to North Carolina
Railroad. go 81; do, funding, 1865. 20 %; do,
funding, 1858, 20 rs; do, new II 10; do special
tax IA Is; Missouri sixes o. 94,s; do, Han
nibal and St. Joseph, 90 bid Louisiana skies,
do. new, As so; do. levee skies, 40 so; Alabama
fves, 81 e.; do. eights SO o 81; South Carolina
skies, 80 35; do. new January and July, 20 81 !;
do. do, April and October, % %; Arkansas sixes
funded, 40 q so. f
GOVERNMENTS STEADY. B..
The government list was steady in its leading
features and moderately active, the current de-
probation of prices as compared with the gold
quotation inducing good deal of buying on in
vestment account, both for the home and foreign
markets. The new five per cents were heavy, but
still nominal. The currency skies were weak, and
after sales at ia continued to be offered at that
price, which ought to tempt buyers, as it is the
lowest reached In good while, and includes three
months interest. Cautiously enough the ten.forties
were OF u, despite the
IMPROVEMENT IN LONDON. 81
The following were the closing prices:-United
States currency skies, 118z ia; do, 1884, regis
tered, 1857 116X do do, coupon 1lsls 11Ss do.
five-twenties, registered, May and November, ll5l
q l16k; do. do 1852, coupon, do, 1l5h a 1151;
do. do. 1864 do. do, 1151a 115; do do 1865, do.
do, 1867 1861; do, 1867 registered, January and
july 11411 114%; do. do, 1865, coupon, do, 1l4ss
H. IN do An 20 lo do
1868, do do, 1861 1161S; do ten-1orties, regis
tered, HOY Ill; do. do coupon, Ill 111X;
do hves of 1881, registered, 1881 11aa4; do. do,
coupon, 113k 1ls,l.
STOCKS IRREGULAR AND DULLER.
The stock market was less active under the sub
sidence of the excitement In Pacific Mail and the
abatement Of apprehension as to bankruptcies, a
numerous amount OF which misfortunes were
feared from day to day. Pacific Mail naturally
absorbed the earlier interest OF the day. and after
plump opening at 81 and subsequent sales at SIN
broke down to SAX. Meantime it gave way to the
more active interest taken in western Union Tele-
graph which was hammered steadily all day long,
with heavy sales Of the stock, and declined from
s7k to SAX, reacting at the close to $50. In
EXPLANATION OF THE MOVEMENT
it is said that the Clark party are anxious to get
back the stock they sold at 81 49, just before the
purchase of the Cuba cable, and either have made
their peace with the Vanderbilt party are afraid
Of being ousted from control OF the company
at the next election. The rumor originated
In the fact that the parties who ''broke"
the market to-day by selling the stock SO
freely have been heretofore identified with Clark,
Schel and Gould in the Northwestern speculation
1t is said to be their present intention smash"
the stock down ten per cont more, to about IS.
Otherwise the market was irregular,
.i ONE FEATURE
toward the close being sudden rise to 40]s in
c., c. and l. c. Union Pacific was strong aud al
vanced tG 8sa. The result OF the annual election
which was held In Boston this afternoon will be
found in our telegraphic news columns. Lake
shore was buOyant in the morning, and rose to
e4, but fell OF one per cent later in the day.
an almost similar rise and fall taking place in
Rock Island. The relaxation In money had but
little influence upon prices, the reaction following
1t being about what would have ordinarily occur
red after so large a decline as happened in the
leading features
HIGHEST AND LOWEST PRICES.
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