The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-08-22
GOVERNMENT BONDS.
as amended at the Cal


general market, and though prices renamed firm,
there were no transactions recorded during the
afternoon session of the board. Only two small
lots were sold during the day. The final quotations
are as follows limited States skies. 1881, regis
tered, III l17A; do. do. DO, coupon, l19k bid;
do. hve-twenties 1862 coupon, l16X III; do. do,
1854, do, called, 116k bid do do, coupons III .
117h; do do, 1866, d0 l1Sk mex; do. DO. new,
1861 1l7h; do. do, 1867. coupon, 1l9 1l9A;
do. do, 1865 do 1l7X do. ten-forties. registered,
1l2k bid; DO do, coupon, IlSk q u6; Pacific
skies, 113k bid United States fves OF 1881, coupon
SOUTHERN sEcURTIEa 81
In this department little or nothing was DONE
Virginia skies. deferred sold at12 I'm and 1000
Missouri skies, Hannibal and st. Joseph ISSUE at
90. We quote Tennessee sixes old: S2<; DO.
do, new, S2K Virginia skies, old, 42h; do. do.
new, so; do, do consolidated bonds, 52x; do. do,
deferred, 11X; North Carolina sixes old, 27H;
South Carolina skies, 32h; do do, 1856, January
and July, 14H; do, do, April and October, "A;
do, do L. c. 1889, April and october, 20; Mis-
souri, SKIES, 92A; do do. Asylum or Union, 90;
Louisiana skies, levee, s.; California sevens 1ooh
Connecticut skies, 1907 Rhode Island skies, 80; Ala
bama fves, 1885, As
THE WEEKLY BANK STATEMENTS
Is it not time that the associated banks Of New
York heed the demand so often repeated that
they shall substitute for the exhibit now published
every Saturday, and caAed ''The Weekly Bank
Statement" statement of their actual condi-
ton on given daya The thing now presented is
not "a statement" In any sense, and does not
report the condition of any bank on any one Of
the six days for which 1t made up To Illustrate,
take bank which at the close OF business last
Friday had in legal tenders and specie $10OO,OO0,
with deposits of $3,75O000 Ia reserve of 20 66lOO
per cent. Suppose that for the next six
days 1t loses In legal tenders and specie
each day about $5O,OOO-a total for the week
OF $SOO,0OO. The deposits would naturally
decrease much but say they are reduced $65oO0o
The report under the present system would read -
Legal tenders and specie 1925 900; deposits about
So OO0 or "a 2610O per cent. But the true cOnd
ton would be, legal tenders and specie, 100000;
deposits about So, 100 900, or % $500 per cent.
We appeal to any bank officer to correct us II the
foregoing ID not a fair exhibit Of their "Weeky
Statements" While we admit chat the publication
Of any weekly statement is only in accordance with
rule of the Clearing House which may be rescinded
at pleasure, and also admit the right of the banks
to make no statement at any time except as pro-
vided for by law do insist they have no right to
continue practice that insults the understanding
OF those for whose benefit 1t purports to BE-
published.
THE STOCK MARKET.
The active features OF the stock market to-day
were Western Union, Pacific MAIL New York Gen.
trail, Lake Shore and Ohio and Mississippi Prices
generally showed an Improvement on those Of yes.
terday, and speculation gathered considerable
force from the presence at the board by their rep
resentatives OF a number Of operators who have
recently remained In the background. Western
Union advanced from S9l to sO'5, but at the close
reacted to 9Ol 9oA. Pacific Mail advanced from
Az to AK, and then went of to AN. New York
Central opened at 1o4k, sold up to 1O454. and was
firm at the close at 1O4X. Lake Shore ranged be-
tween 80 and 93H. Union Pacific sold at PIX
a FIX 27H FIX, st. Paul at SIX 5lzs a So,
preferred at 70X IN, Rock Island at 100 1o9,<
a loeH 1927 1OoA, Northwest common at 65 a
e4M a s4Z, wabash at o9,4 a ess a 6s,s a eeH,
Ohio and. Mississippi at 1917 3ss& 80 a 3s7s 90 u
q ss1., Atlantic and Pacific at 81 27>I Hannibal
and ST. Joseph at 3s, elaware, Lackawanna and
Western at 1O1, and c., c. and /. c. at 31,s a31h
HIGHEST AND LOWEST.
The following table shows the highest and lowest