The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-03-07
The Long Island Railroad Company VIII pay or
demand the March coupons Of the Smithtown and
Port Jefferson Railroad.
GOVERNMENTS InWRR ..

demand the March coupons OF the Smithtown and
Port Jefferson Railroad.
GOVERNMENTS LOWER
The government list was lower con trary to what
might have been expected Of the advance in gold,
and the ten-forties declined full Il per cent.
while the new hyes receded about as much. The
o7s were barely steady at yesterdays quotation
the majority OF sales being at 1l65s. The cur
rency skies were rather hrmer, but without
business enough In them to really test them.
The following were the closing prices:-United
States currency sxes 1884 114k do, 1881, regis
tered, 1l6I 116S do do, coupon 1ls1s 1885 do.
five-twenries, registered, May and November, l15a
o 115z; do. do. 1892 coupon, do, HOY 115A;
do. DO. 1884, do. do 1853 115; do. do, 1865 do.
do, 116% 116I do, 1867 registered, January and
July 114s Hay do. do, 1855, coupon do, 114s
l14X; do. do, 1867, do do, 1857 1858 do. do,
1858, do. do, 1l6A Hey; do ten-iortles regis
tered 1101a III do do, coupon, 110R 1102z;
do. fives OF 1884, registered 112s< 1134; do. do,
coupon, 1924 1874.
STOCKS DULLER AND FIRMER.
The stock market was quiet particularly as COM
pared with It's recent activity and excitement and
q languid dulness overcame 1t at times as II it
sympathized with the Spring-like mildness Of the
weather. 1t was unsettled most of the day, with,
however, a gradual development OF frmness not
inconsistent with the relatively easier working OF
the money market, which, in turn, was regarded as
benelcently Influenced by the call Of the Comp
troller Of the Currency for statement from the
banks Of their condition as they were at the close
OF business last Saturday, particularly as these
institutions feel less restraint about maintain
ing too strictly the proportion Of
RESERVE TO LIABILITIES.
The market opened weak and fell Off in sympathy,
with decline in Pacific Mail to 5SA, but recovered
in the interval before the second board only to fall
of again in the interval between two and three
O'clock or when the highest rates OF the day were
being paid for money. The eventual relaxation
in money caused flesh recovery,
which was given q sudden and very
strong impetus by the despatch already quoted
above as to Mr.. Boutwel's personal explanation
in the matter Of the $44,Ooo,o0o legal tender re-
serve an explanation. by the way which seems to
have been evoked by the persistant demands Of
the money writer in a democratic morning journal
The effect OF this explanation was to send the mar
ket to
THE HIGHEST POINTS
Of the day. most Of the leading features retaining
to the close Of business all, pretty nearly all, Of
the Improvement thus acquired. Pacific Mail lead
ing the rise, as it had led the fall advanced to &c.
and Western Union, the rival of Pacific Mail In the
days activity, to S6x. The latter stock was
steadier the range Of its widest nuctuation having
been TX per cent. Erie opened at e6h in SYM
pahy with the London market but fell or in later
about SO. rise in Lake Shore to 95 and the iuc-
tuations in c., G. and l. 9. between Ssx and 4OH
were about the emily other noteworthy features.
HIGHEST AND LOWEST PRICES.
The following table shows the highest and lowest
nrtces of the principal stocks during the dav.-