The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-07-03
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GOVERNMENT BONDS.

Several large sales were made OF government
bonds at nrm prices, which quoted as follOws:-
United States currency skies, HAY 1l4k; do.
SKIES. 1881, registered, 117K ll7x; do. do do.
coupon. 1lsx llsx; do. ive-twenties, registered,
May and November. 1lex 1lox; do. do, 1852,
coupon, do. 10Y 116x; do. do, 1854, do. do.
116X NIX; do. do, 1885 do. do, 1l8 ll8k; do.
do, 1867, registered January and July, 1l5H
llsH; do. do, 1855. coupon. do. 1lek lleX; do.
do. 1857. do. do, 117k NIX; do do, 1868, do.
DO, ll7h NIX; do. ten fortress registered. 1l3X
ll4H do. do, coupon. ia 1l4A do fves OF 1881
coupon, n4x q Hay.
SOUTHERN SECURITIES.
These showed considerable activity, new South
Carolinas, January anu july selling at 15k; do.
do, August and October at %; Missouri skies. ex
interest, at 93 . OK 92X %; North Carolina
skies, special tax, at -. We annex the following
quotations Tennessee skies, so SOY; do, new,
79A 80; Virginia sixes as; do, new, so; do. con-
soils, 52H a SO; do, deferred, 1917 10x; Georgia
skies, rs; North Carolina skies, 26k %; do, new,
1917 do. do, special tax, IA; South Carolina skies,
new. April and october. 20 a rs; Missouri skies,
St. Joseph, 80; Louisiana skies, co. Arkansas skies,
40; do, +. S.. 20; do, NJ 20 40; Texas tens, 70.
UNION PACIFIC.
In the matter OF the Union Pacific Railroad
bonds the government has to-day been forced to
say oficially and in strong terms what might have
been well said yesterday. The pressure OF In
nuential bondholders seems to have been too
strong for resistance 1t s the old story over again
OF Captain Scott's coon. The coon has ''come
down. 1t viii not do for the Treasury Depart
ment to go into stock jobbing operations wildly
Wall street can stand the daily reports from WASH
ington of coin balances without q shlver. The
Cotton Exchange can read smngy about the
Official caterplllars that eating up the crop,
and be happy because the members have quite as
many facts at their finger ends the Agricultural
Department at the capital The shrewd oper
ators OF the street remember that public
servant Is but human, In whatever ca
pacity he may serve, open to specu-
laton, to purchase and to sale. So that the
sequence OF this Union Pacific business and
other recent governmental actions equally specu-
Iative in character is q feeling OF indignation at
the want Of public faith and honor that has been
exhibited.
The report from Washington now Is that the
Attorney General says that ''the Injunction the
suit OF the United States against the Union Pacific
Railroad will not interfere with the payment OF
interest on the first mortgage bonds to bona Nde
holders, and II interest on such bonds Is not paid
1t will be the fault of the directors OF the company
and not of any interference by the government"
There is something 80 contemplate in this ON
cial pettifogging business to require the strong
his injunction on great company at the hour
when its credit was most at stake, when thousands
Of honest holders OF its bonds were waiting to be
paid their interest, no language would have suf
feed to express the inst anger OF the people, and
the government only shows its weakness at home
and abroad by permitting its legal agents to resort
to such miserable device that which the At
torney General now attempts to palliate and ex-
cuse.
THE STOCK MARKET.
Owing to various causes the stock market was
to-day more active than usual, the prominent deal
ings being in Lake Shore. Union Pacific Western
Union and New York Central Western Union
opened at SAX, and steady thereafter until its
close at s54. Pacific Mail opened at 35A, and COM
menced an up grade until it touched SO, when the
prices receded and the last sale was made at 36h.
The reaction Is ascribed to the report that the
company are about to withdraw OF
their steamers from the New York ana AS
pinwall services, reducing the number to
two. New York Central commenced business at
1927 and maintained an active place in the market
until the close going to 1885, with O final recess
sion however, to 1928. st. Paul sold at 81 a
51zs. Lake Shore, stimulated by the change In the
direction and presidency, was likewise lively
subject OF speculation the price ranging from 95z
at which 1t opened, to 967s the lowest figure Of the
day being e5sS. The change referred to consists in
the appointment OF Commodore Vanderbilt and
his son to seats in the Board OF Direction and the
election OF the former to the presidency Of the
road. 1t is needless to observe that the
event has been both anticipated and dis
counted and that an active bull movement
is now the result, engendered by those
who are strongly identified with the interests of
the late Hon. Horace F. Clark Northwestern COM
mon was quiet at Tx a 711z IN. Union Pacific
frpD IN 4.
receded again to the same figure and closed &C 26K
Wabash was steady between the extremes OF 6Si4
6sA. Erie showed a variation Of only about per
cent. Rock Island sold between the extremes OF
1904 a 109N. OHIO and Mississippi was steady at
S91s 49, closing at the latter figure. G. G. and I.
c., at 2ssz, Il, 30; Hannibal and st. Joseph COM
mon, at 81 a 37A; Panama, at 10 1l0k. and
Delaware, Lackawanna and Western, at 971S 979S
Atlantic and Pacific preferred sold at 1875 and
later at 1917.
HIGHEST AND LOWEST PRICES.
The following table shows the highest and lowest
prices of the principal stocks to-day
Highest Lo,rest