The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-01-21
GOVERNMENTS LOWER.


GOVERNMENTS LOWER.
The government list was less active, and during
the earlier boards prices were barely steady, Q
consequence of the lower ruling OF gold and lower
prices In London. With the subsequent advance In
gold the market strengthened and recovered, the
new nves being exceptionally strong and sdvanc-
ing to 1ls, In sympathy with the frmer quotations
for these securities in the London market, where
they were favorably Influenced by the reported
success OF the Syndicate In getting further install
ment OF
THE NEW LOAN.
The following were the closing quotations: =
United States currency skies, ia 1l4x; do. do,
1881, registered, 1l5,s ll6X; do. do, coupon,
117K ll7H; do. nve-twentes registered, May
and November, ia ll4A; do. do. 1852, coupon.
do, 114k l14H; do. do 1854, do do, 1141S
114,; do do, 1866. do do, 1853 a 1852; do. DO,
1867, registered, January and July, lax IFS;
do. do, 1866, coupon, do, 1141I lax; do. do,
1867, do. do. 115H 1l5X; do. do, 1868, do. do,
1l5h 1857; do. ten-forties, registered, 1115
1l2K; do. do, coupon, 1l2,s ll2A; do. fves Of
1881, registered, INK 111A; do do, coupon,
1l2S 11S. tt 34
STOCKS DULL AND STRONG.
The volume of business at the Stock Exchange
was only small Improvement upon the current
daily amount OF the past few weeks, but while the
market was still Individually dull the transactions
Of the day revealed an accession OF fresh buyers
and more confident belier in an early advance In
prices, as indicated In the steady rise in quota
tons from the outset Of business to the moment OF
adjournment The disappointment over the failure
OF the January rise has given place to expecta-
ti0ns OF Q better market in the immediate future,
now that the condition Of the banks Is growing
stronger week by week. The default in the jan
uary rise was Just such contingency as would in
spire fresh zeal among the
OPERATORS FOR A DECLINE,
and has, doubtless, contributed q considerable
''short" interest, which, under different circum-
stances, would have been wanting. The upward
movement was most conspicuous In the case OF
New York Central, western Union, Pacific Mail,
Wabash and Rock Island. New York Central ad-
vanced to 104K, the highest point 1t has reached
since the separation OF the scrip dividends OF
1859. AS usual, the advance excited fresh
Of another scrip dividend, the fact of sensation
of some sort being on the carpet being indicated
by the temperance in the Long Room Of John
Morrissey. the heretofore 0vant cou7rter Of Com
modore vanderbilt's famous co,sps de main. The
quotation 104k for New York Central is equivalent
to 2l6H for the stock as 1t stood in
THE SPRING OF 1859,
so that parties who bought in that period now see
q chance OF coming out even, their investment hav-
ing, meantime, paid them dividend Of pretty
nearly eight per cent per annum. The circum-
stance illustrates the great rise and fal OF the Wall
street tide In the course OF several years. Patience
and plenty Of margin seem to stand to the unlucki-
est "bull' after all Despite reduction of twenty
five per cent in the tolls Of the Western Union Tee
graph Company on its Southern and Southwestern
lines, part seemingly Of an alleged speculation
for decline on the part OF certain of the directors
the price Of the shares advanced to SAX. Again,
the less nattering prospects Of the st. Domingo
colonization scheme. or
SANTANA BAY PROJECT,
were onered as the explanation OF further i'm.
provement In Pacific Mail to 71X. In the case OF
Wabash there was q rally to 73K-or q rise of per
cent within the past few days-the result quite
curiously Of an announcement that the company
have created $5,ooo,o0O OF new mortgage loan,
the buoyancy Of the stock being analogous to the
case of q woman relieved and made happy by the
revelation OF o burdensome secret. The new loan
is to thirty years. and bear interest at the rate
OF per cent gold. The proceeds will be devoted
to additional and improved equipment in the way
Of new rolling stock and steel rails and to the re-
demption Of maturing bonded debt. The rest of
the market was quiet with an advance Of u q y
per cent. The stockholders of 9a
THE NEW MARIPosA COMPANY
held meeting to-day, at which they elected the
following gentlemen trustees Of the organization:
F. b. Wallace, Chauncey vibbard, George W. Butts
and Mark Brumagim. The stockholders Of the
New York, Boston and Northern Railway Company
held meeting to-day, at which it was unanimously
voted to consolidate their road and franchises with
those Of the Harlem Extension Railroad Company.
Also meeting was held at the Harlem Extension
Railroad Company's ONCE, No. Nassau street, at
which it was unanimously voted by the stockhold-
ers to consolidate with the New York, Boston and
Northern Railway Company. The consolidated
corporation is to be known as the New York. Bos-
ton and Montreal Railroad COMPANY Harlem