The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-04-19
SOUTHERN sECURIrIFs LOWER.
All a Ter II, I'd m pref. 50 Bur, RAMTs.
Ait a Ter Ii, I'd IN inc. 30

The Southern State bonds were heavy and lower,
at least as far as the tone OF the market was dis
closed in the few sales that took place. Tennessees
sold at Tx and Missourls at 93K. The new South
Carohnas were exceptionally firm, the April bonds
bringing g. The following were the closing quota
tons:-Tennessee, ex-coupon, Tx 10; do, new,
Tx 70; Virginia, ex-coupon, 43 a As; do, regis
tered stock, old, SO a 40; do skies, consolidated
bonds, so So; do, SKIES, deferred scrip 13,s IA
Georgia SKIES. Is a rs; do, sevens, 81 30; North
Carolina, ex-coupon, 80 81; do, issued to North
Carolina Railroad, 81 60; do, funding, 1866, IL
20; do, do, 1868, Is 20; do, new, II Is; DO,
special tax, IA 10; Missouri skies, 93h 9324 !;
do, Hannibal ana st. Joseph, 90 81; Louisiana
skies, AZ 40; South Carolina sixes q 40; do,
new, January and July, Is q 20; do, do, April and
October, 26 a 20; Arkansas skies, funded, 50 AZ.
GOVERNMENTS RAMPANT.
The advance in gold, the relaxation in money,
the rise in the London quotations OF American
securities and the general recuperation OF good
feeling In the street combined to cause sharp
rise in the government list, the '67s, for instance,
jumping one per cent to 119ia-or two per cent
since yesterday morning, while the skies OF Sl,
which were offered at 1l9 Thursday night, are now
held at 1908. The Improvement was distributed
throughout the list in striking but less extensive
proportions, the advance in gold serving very
naturally to check the effect upon
THE CURRENCY SKIES
OF the easier terms for money, but falling to pre-
vent an advance OF a u per cent which was the
smallest change in the list. The following were
the closing es:-United States currency sixes
1l3% ia; do skies, 1881, registered 116 1861 ;
do. do do, coupon, 1904 a 1909 do fve-twenties
registered, May and November, 113 a 1131i DO
do, 1862, coupon, do 117H lis; do. do, 1864,
do. do, 1l71a 1l8; do do, 1866, de-, do, l194
119A; do. sixty-sevens, registered, January and
July, 1863 1167s do do, 1865, coupon, do, ll71s
1l73S; do do, 1867, do do, 1l9 1193s; do. do,
1868, do do, III 49, do. ten-forties, registered,
Ill 11l; do. do, coupon. 113 1l31a; DO. hves OF
1881, registered, 1I3h bid do. DO. do, coupon, Il5
bid.
STOCKS STRONG AND BuOYANT.
The recovery OF the stock market progressed
to-day even more rapidly than the most sanguine
"bul' could have fancied possible, in view OF the
depression and alarm so lately prevailing. Indeed
the remarkable fall and succeeding rise OF the past
few days are all in keeping with the oft-boasted
ability Of American institutions to 'dive deeper
swim further and come up drier'' than any other
rival concerns. The applicant which was upset
so badly only a few days ago is now standing in
its normal position, loaded with a new supply of
vendible commodities. The brokers were on
'Change bright and early this forenoon, and set
about business with the utmost alacrity under the
stimulus of heavy .'orders' from buyers; confident
that the panic" had brought the market
DOWN TO "HABD-PAN."
But all this early confidence was temporarily
dssipated by the announcement OF the failure of
Lockwood Co., and buyers became anXiously
eager to sell, the market receding suddenly or
Two per cent. The nature OF the failure being
soon afterward revealed and the losses being
mostly outside the Board, the confident feeling re-
turned, and prices once more surged up
ward, but the market remained feverish
until after the relaxation in money, when
q grand final rush took everything up TO a
still higher stage OF prices, the figures reached in
the closing buoyancy being either up to or a 2
per cent higher than those from which the "panic"
started on Wednesday morning. The table below
will tell its tale in illustration Of these facts, while
n an adjoining column the reader will find
urher narrative OF the excitement in the street,
Ind the result or an "interview " with the sus-
pended firm Of Lockwood Co. Harlem advanced
% l27 and Panama to 100. Northwestern was
made active, and rose from TX to 1913. Boston,
Hartford and Erie fell Off to 81.
HIGHEST AND LOWEST PRICES.
The following table shows the highest and lowest