The New York herald., 1873-07-18

Del. Lack " "a In .IO2s4 Cedar MINI lst M 10
GOVERNMENT BONDS
Business in this department was limited, owing
to the absence OF sufficient supply. Prices, how
ever, remain strong, as per following quota
tions United States currency sxes 1l4h q
1l4N; do do. 1881, registered 1ls 11Sk; do.
do do coupon, 119as l19zs; do. nve-twenties,
registered, May and November, 116s. III; do.
do. 1882 coupon, do. 117I l179s do do. 1864. do
do 1l7h 117T; do. do. 1865, do. do, 11SA o
119; do. do. 1867, registered, January and July,
11oH ms do. do. 1866, coapon, do, 117s.
117H; do. do 1857, do. do, 1854 1l9; do. do,
1885, do do., 11S14 1ls1s; do ten-forties, regis
tered. l141s 1l5H; do. do, coupon, l14x lis;
do. do. do coupon ll51S 115H.
SOUTHERN SECURITIES
Southern State bonds were dull and quiet at the
following quotations Tennessee skies, SOh a 81 !;
do, new, s0k a sOA; Virginia skies, AZ a "A; do.
new, so; do. cOnsols, 5314; do. deferred, 1917
Georgia sevens, So SO; North Carolina skies. 2S;
do. do, new, IL: do. do do, special tax, 13 IA;
South Carolina sizes, new, January ana July. Is;
Missouri SKIES, 90 "a; do, ST. Joseph 91h;
Louisiana skies. 81 a IS; Arkansas skies. rs a 40;
do, F. s., 2o Texas tens, ~ Central Pacific nrsts,
1907 10Ozs; Union Pacific lrsts, SIS. a 50; Union
Pacific land grants. 20; Union Pacific incomes, 59h
"a co.
THE STOCK MARKET.
1t must have been a gratifying spectacle to the
brokers OF Wall street to-day to see In almost
every office little knot of gentlemen gathered
around the automatic pulse that was each moment
telegraphing from heart to finger tips the record
OF nuctuatlng values in the Stock Exchange. 1t
was equally indicative Of the activity OF the mar
ket that the mail and the telegraph hourly brought
orders for the transaction OF new business, and,
as a result, the creation OF stronger and more
inf hav for
many weeks. The character OF the day was iore-
shadowed at the very opening, when
WESTERN UNION,
beginning work at S9is, jumped rapidly through
the fractions OF 90 to 91k-toO FAST probably, in
the opinion OF the operators for prudence for here
1t received a check and gradually receded to s9%.
between which price and 90h it continued to nuc-
tuate until the afternoon. Meanwhile the other
leading stocks had grown strong. Prices showed
remarkable frmness. Large sales were made, and
when the market closed Western Union had
mounted to 901s 9Ok, its highest ana best prices
of the day. The belief seems to have become
firmly established that the six millions OF
surplus heretofore alluded to will GER
tainly be divided among the stockholders
at the next semi-annual meeting of the
directors. At least confidence was engendered by
the fact that such surplus existed proof Of the
successful operations OF the company. The current
reports OF the street, that Lake Shore and New
York Central were to be conso dated by lease, and
that per cent dividends would be guaranteed on
the stock, and that Commodore Vanderbilt had ex-
pressed determination to maintain at their high
est market value all OF the enterprises with
which he is Identified, likewise exerted their
influence on the market and, whether true
or false, enhanced the upward tendency. Even
ERIE
which opened at SO, then receded to 5sX a x a
q, recovered by sympathy with the rest OF the
market, in the lace of statements partly that
q, 600 shares were on their way from England
that three four millions of Indebtedness have to
be taken care Of quickly, and that suits are pend
ing and are about to be inaugurated to enforce
payment The activity in this stock was more con.
siderable than it has been for many weeks, but
somehow, even with strong market, it iaiied to
mount high
NORTHWESTERN COMMON
attracted large share attention from the start,
and, as was indicated in this column yesterday
would be the case, "moved." The old corner"
having disappeared, healthier agencies seem to
have quietly put the stock in such condition to
secure for It, without artificial force excitement,
all the advantages which attach TO legitimate
speculation. The sales during the day amounted
to upwards Of n, 900 shares, the price opening at
69X ana advancing 10 Il>6, WIFI urn Close at
71X. Contrasts are curious things. Three weeks
ago IL was dinicult to ind man bold enough to
buy 100 shares OF Northwest. The foregoing figures
show what has been done in fve hours. 1t IL
therefore unsafe to venture opinions.
THE GENERAL MARKET
took iss tone from the causes already recited Lake
Shore opened at 93h, and In the afternoon became
leading feature going to s4Jz, closing strongly at
that price. It is stated that Commodore Wander
bilt and the members Of his party-of inspection
were highly pleased with the Condition and pros
poets OF the road. wabash maintained the even
tenor Of Its way, keeping wen up with the current
OF the market at an average Of stronger prices
than it has recently exhibited. These opened
at nx and closed, after good business,
ar Tk. 1t Is said that the new relation
ship Of this road with Western freghts
and travel resulting from connection with Can
ada Southern and Lake shore, are destined to
create for it great future.N Hence the confidence
recently shown in It's stock. New York Central
was steady at about 1o4K 104x q 1o4X. Pacific