The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-03-16
THE CITY BANK STOCKS.


The following were the bids fer the city bank
Btecks:-New York, 1888; Manhattan, l57; Mer-
chants, III; Mechanics. 1856; Union, lao; America,
1852; City, ESQ., Phenix, 100; Mechanics and Traders
lbs; State of New York, 1l2; Mercantile. 1872;
American Exchange. llo1I; Bank oil the Republic,
ITO; Hanover, l0l; Irving, l22; Metropolitan, 1888;
Grocers', lOOh; East River, liz; Nassau 106; Shoe
and Leather, $50; Corn Exchange, 126; st. Nlcho-
las 1Os; Commonwealth, $50; Importers ana
Traders, 175; Park, l461s Manufacturers ana Mer
chants, 100; Central National 81; Gold Exchange,
1l2; German American, lOI
GOVERNMENTS BETTER
The government list was better to the extent OF
u y per cent for the 1ve-twentics and else
where was steady. The following were the
closing prices United States currency skies,
113H 1l3; do. do, 1881, registered 1863 ll6%;
do. do do, coupon, lls& 1lsa&; do ave-twentics,
registered, May and November, 1875 4 1l5X do.
do, 1862, coupon, do. do, 1l5H 1l54 do do,
1854, do. do, 1l6h 1l5z; do d., 1858, do. do,
116H 1165s; do do, 1857, registered, January and
July 1143s 1l42s; do. do, 1865, coupon, do do,
1l41s 1I44; DO. do, 1867, do. do, 1867 116H;
DO. do, 1885, 40. do, 11o 1l6%; do. ten-fortes,
registered, ITO a Ill; do. do, coupon, llOh q
1lOss; do. dves of 1881. registered mot quoted)
do. do, coupon 1l3a 113T.
STOCKS DULL AND LOWER.
The stock market was dull and generally lower,
particularly after the bank statement, the COM
bined unfavOrable nature Of which robbed the mar
ket OF fractional Improvement which 1t under
went during the earlier hours OF the day. The de-
cline however, was not OF important extent out
side OF Lake Shore, which fell q further one per
cent on an intmaton that the road Is not likely to
continue earning enough to maintain the payment
OF per cent annual dividends, particularly as it is
soon to be subjected to treble competition with
THE CANADA SOUTHERN
road on the one side and the Wabash and c., G. c.
and /. on the other (tne O., G. G. and l. being new
IN adjunct OF the Atlantic and Great Western and
Erie lines). The ST. Paul stocks were exception
ally firm, If not strong, and Western Union, alter
an advance to s6X and reaction to S6H.
closed at S6X. Pacific Mail was fever
tsh, but mostly frmer at 57H 66X
. 56X, and Rock Island toward the close became
strong and rose to ll53. Erie was heavy and de-
clined about n in face OF the Improvement in the
London quotation. Boston, Hartford and Erie re-
covered to y. OH the stronger opposition which
the counsel OF the company giving to the move
ment for
A FORECLOSURE
OF the mortgages. Harlem advanced to 1917,
doubtless on SEINE quiet point" from Albany. The
Erie Railway Company commenced to-day paying
the ~ per cent dividend on the common and 81
per cent on the preferred stock, and the books Of
New York Central closed this afternoon for the
per cent dividend payable April Is. Complaint Is
made by the brokers that the new transfer agents
OF the Erie Company are unnecessarily slow In the
work Of paying the dividend In other agencies 1t
is usual to have the checks for the dividend written
out In advance, ready to deliver when called for.
But in this the brokers compelled to await
the tardy clerical details Of comparing names and
nlling out the checks'in each application as it is
made.
In the Southern stock bends the Tennessees were
heavy and q a n per cent lower The Missouri
skies were strong, with sales at 945f.
1t was rumored that forged Wabash stock Ger.
tifcates were in circulation, but no Illustration
was at hand up to the close OF business.
HIGHEST AND LOWEST PRICES
The following table shows the hig hest and lowest
prices of the principal stocks during the day, New
York Central being quoted with dividend on in