The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-01-04
April and October, % "a; Arkansas SKIES, funded,


So a A.
The fiscal agents OF the State OF Louisiana
nounce that no provision has been made to meet
the January interest the State debt, the
machinery for the collection OF the taxes having
been deranged by the political troubles in Louis
iana There were no transactions In the bonds,
which have been neglected and nominal for good
while.
GOVERNMENTS LOWER.
The government bond market was quite dun
and the demand seemed confined to the foreign
bankers, who were buying for the European mar
ket, where our securities are in renewed iavor
Judging by the cable quotations, when come
higher day by day. The market mere was ash"
lower, as q consequence OF the fnrthcr aecnno ~
the gold premium and on account vi s"'o' -
parties who had been holding bonds Temporarily
over the close OF the year to avoid local lhpo'so "
taxes; but the depression from this latter IN
nuence seems 10 have about exhausted itself, and
A srEADIER TONE
was noticeable in the closing dealings this after
noon particularly when the absolute buoyancy
of our bonds in London became known. The fol-
lowing wore the final quotations: limited States
currency skies, 1928 1127s; do. do 1881, regis
tered, Hay 114A; do. do. do, coupon, 114% a
us; do. hve-twenties, registered, May and Novem-
Der, 1l2I I13; do. do, 1862, coupon, do, 1929 a
l12I; do. do, 1854, do do. 113 a 113l4; do. do
January and July, 1881 ll31s; do. do, 1865,
coupon, do, I12H 112k; do. do, 1867, do. do,
l13x 1884; do. do, 1863 do. do, 113h 1881;
do. ten-lorties, registered, 1904 no; do. do,
coupon, 1O9A 1OoI; do. ives OF 1881, registered
1I1s4 1l2A; do. do. do, coupon, INK 112k.
STOCKS DULL AND FIRM.
The stock market was dull in its general
features but exhibited 1rmer Tone the relaxa-
ton in money inducing further advance with the
attainment for several of the speculative favorltes
OF the highest prices OF the season. The improve
ment was most conspicuous in Erie, Union Pacific,
Western Union and 9. G. and l. c., the last men,
toned rising to 3s7s. Erie went up to 62%, or to
the level of the closing London quotation, but
under the impetus OF the relaxation In money
moved further \ per cent, to 63l4. The specula-
ton in Western Union Telegraph is likely TO be
quite spirited, as It's present
ALLEGED INITIATION
has tempted the organization OF ''bear pool,
who predict big tumble in 1t before the adjourn
ment Of Congress the ensuing Spring, while the
'bulls" are sanguine Of large advance to follow
the resumption Of dividend payments by the
company. The price of the Northwestern shares
advanced u a q per cent, without the record OF
any transactions Pacific Mail was unsettled, but
on the whole lrmer. The rest OF the list was
steady, with in some instances fractionally lower
average compared with the previous day, but
the general result was
HIGHER AVERAGE
OF prices and firm market at the close. The re-
taxation in money inspired less activity and
thusiasm than might have been anticipated, prob
ably because of sceptica view Of its continuance.
In the case OF Erie the advance in which was suf-
fcIenty accounted for by the facts already cited,
the upward movement was strengthened by rumOrs
that the company would bring suit against Commo-
ar tha rot n nj mai
In the compromise of 1868, when he settled with the
then directors OF the road for the stock which had
been issued to him to break the famous Erie
upon Daniel Drew.
HIGHEST AND LOWEST PRICES
The following table shows the highest and lowest