The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-04-11
THE NEW YORK CENTRAL LOAN,


THE NEW YORK CENTRAL LOAN.
Coming closely upon the heels Of the account Of
the organization OF two grand companies in
London to invest in American railroad bonds we
have the announcement this afternoon that the
New York Central per cent sterling loan for
$4,000 900 has been placed in London at the
equivalent OF los per cent currency. 1t will be
remembered that total loan OF $40,0G0,0O0 was
authorized the proceeds to be devoted to retiring
| the outstanding funded debt OF SIS, 900, COM
prising bonds which are not secured by mortgage,
and to the building OF an additional double track
between New York and Buffalo. or this total
$780, 1000 was to be in per cent currency bonds
and the remainder in per cent sterling bonds
the latter forming the loan negotiated In LONDON
GOVERNMENTS BUOYAHT.
The advance in our bonds In London, the higher
rates OF foreign exchange and the frmness OF the
gold premium combined to impart addluonai
strength to the government list, the '67's pelng
buoyant at rise to 1l9,s 119H. the advance
brought in good many domestic Sellers but the
buyers for Europe outnumbered Them the follow
ing were the closing quotations :-United States
currency skies, 1884 ia; do. do, 1881, regis
tered 117A 11s; do. do. do coupon, 1907 a l2l I;
do. fve-twenties, registered, May and November,
ll3h ia; do. do 1852, coupon, do, 1174 1854;
40. do, 1864 1171 11sh; do. do, 1865, do. do,
1917 100; 1867, registered, January and July,
l16H III; do. do, 1865, coupon, do, 117h q
1l7K; do. do, 1867 do. do, 11S< 119H; do do,
1868, do. do, 117H lis; do. ten-forties, regis
tered 1114 q 111Z; do. do, coupon, 113 u 1874 !;
do. fves Of 1881, registered, lis 116; do. do
do, coupon, 1l5k a 1le.
SOUTHERN SECURITIES DULL.
The Southern State bonds continued exceed
ngy dull and prices were about as before
except in the case Of the new South Caro-
nas, which sold to a small extent at 1891
The following were the closing prices Ten
nessee, ex coupon, 79H SO; do, new, 791s So;
Virginia, ex coupon, "A so; do. registered stock,
old, 81 40; do. skies, consolidated bonds, SO q
"a; do, deferred scrip, 1s1 IA; Georgia skies,
70 76; do. sevens, SO 90; North Carolina,
pom. 80 80; do. to North Carolina Railroad 81
so; do, funding 1866, 20 %; do do, 1868, II q
20; do, new. II a 10; do, special tax, IA I5;
Missouri skies, s3Z "a; do. Hannibal and ST.
Joseph. 90 OIL; Louisiana skies. 43 a so; Alabama
fves, 81 60; do. Fights, 80 q So; South Carolina
| skies, 80 a 40; do, new, January and July, 10 a
20; do. do, April and October, 81 80; Arkansas
SKIES, funded, SO a AZ.
STOCKS STRONG AND UNSETTLED
The stock market was strong and, up to the APP
pearance of the closing spasm in money, even
buoyant, prices rising u per cent, the chief ac-
tivity being in Western Union Telegraph, 1850
shares Of which changed hands at SIX. This
climax was followed by reaction to S6'S, under
the sudden squeeze" in money. New York Gen.
trail advanced to 1929, Rock Island to lax, c. G.
and ]. G. to 40h; Lake Shore to 92T and Pacific
Mail to SIX, all of them recedng late in the day u
q per cent. The rest OF the market was steadier
and firm. New Jersey Central recovered to 100,
but Panama fell or to LOG.
HIGHEST AND LOWEST PRICES
following act