The New York herald., 1873-07-20

Del Lack W Isl m. .llr,k Bur G. Min Ist Tsg SS
STATE SECURITIES.
block of10.OOO consolidated Virginia skies sold.
buyer CO. at So; 600 South Carolina new skies at
ID, and Louisiana old skies at 81. These composed
the transactions OF the day. Governor Kellogg, OF
Louisiana, has given notice that the July interest
on the State bonds will be paid on the lst OF
August The following were the quotations OF the
several State bonds Tennessee SKIES, Old, soh;
do, new s0s; Virginia skies, old, AZ; do, new co.;
do. SKIES, consolidated bonds 53H; do skies, de-
ferred scrip IL; Georgia skies, ~; do. sevens new
bonds, SO; Nerth Carolina skies, DID, "a; DO, FUND
ing account, 1866, IS; do. new, Is; do specia1
tax, 13; South Carolina skies, January and July,
10; do, April and October 20; do funding account,
1890, IL; Missouri skies, 9314; do, Hannibal and
st. Joseph FIRST g24; do, Asylum or University,
90; Louisiana SKIES, 405s; Alabama nves, 1885, 45 !;
Kentucky sixes 95.
GOVERNMENT BONDS
These remain strong and In good demand, but
with limited supply. The transactions to-day
were lighter than usual. Annexed are the quota
tons limited States currency skies, 1141S 114A
do. slxes 1881. registered. 1ls 1ls11; do. sixes
1881, coupon, 1I9H 100; do. nve-twenttes, regis
tered, May and November, 1161< III; do. do,
1852, coupon de-, 117H a 117,I; do. do, 1854, do
do, 117K q 117z; do. do, 1885, do. do. 1lSX
ll9; do. do, 1867, registered, January and July
I16x a ll7<; do. do, 1865, coupon, do, 117h
117x; do. do, 1867, do DO, 1881 y 119; do. do,
1868, do. do. IS 1lSH; do do. ten-fOrties, reg
istered, 114,I q 1l5: do. do, coupon, 1l4X us;
do. nves OF 1881, coupon, 1851 1ls%.
THE STOCK MARKET.
The great feature of the market to-day was the
sharp and active speculation in Erie. 1t developed
early, moved rapidly, became a squeeze" by noon,
and at the close of the day had almost to the
ttv of ttcOr ario
causes for the sudden movement, and some
OF them were well calculated to create
the moderate scare that ensued among
the short interest. First, the whole German
element were reported as combined against well
known leading operator In the stock, with q de-
termination that he should receive such punish
ment as would compensate for his former con-
quests. Again, 1t was said that a venerable Meth
odist gentleman had put in temperance and
was quietly buying all the stock offered to the end
that he, too, might enjoy revenge. Finally, 1t was
asserted that
THE GERMAN BANKERS
had been loaning nat for few months past, and,
having tested the strength OF the shorts three or
four OF them had combined to force up the price,
call in the loans and compel "A payment OF from u
to l per cent per day for the use OF the stock.
The latter view would seem to be verified by the
difference between ''cash" and regular" sales,
which commanded from d to per cent. with an
active demand. The absolute facts OF the day are
stated to be as follows:-Tnere has been more or
less Of
SNORT INTEREST
existing in Erie for long time. The actual number
OF shares In the country does not exceed OOO OF
these probably $4,000 are held outside OF the city
OF New York. or the remaining hundred it is be-
lieved that about 10000 are controlled by the Ger
man bankers, the rest being scattered. The short
interest amounted to about $4,000 before this
movement commenced. Under these circum-
stances the stronger power, fortified by foreign
influences, began their charge.
THE sKIRMIsH OPENED
before the call at the modest figures Of 5sss which
gradually advanced touched so, began to excite
attention. moved stiniy through all Its fractions
to 81. Then came the line of battle and the tight.
For a time there fluctuation; but after twelve
O'Clock the bulls' moved steadily to SO, "a and
finally to 65S. At the very last they camped on
the field OF battle, throwing out as pickets the
figures OF 65 and 64la. 1t is significant OF the
affray, however, that as late Epast two
O'Clock Erie was offered at SO, seller 15, with no
takers ana at 81, seller CO. with a similar result.
1t is also significant that one Of
THE VICE PRESIDENTS OF ERIE
is reported TO have sold largely OF the Canadian
stock sent here to be voted upon by proxy. The
contest will be renewed Monday morning. 1t is
expected to be short and decisive. This remains
to be seen. Somebody will be disappointed On
the one hand the German bankers are tenacious
On the other hand the receipt OF a large amount
of stock that has been telegraphed for. together
with the anticipated arrival Of upwards Of 1000
shares by European steamers, will tend to afford
relief and perhaps prevent the elimination OF the
full designs OF the German bankers and great
corner such ~ has marked some other years.
THE SALES OF ERIE.
to-day amounted to 90 SoO OF western Union, 500;
Toledo and Wabash. is, 100; Lake Shore, 10, 22O
Northwestern, 3lO0; Rock Island, 45OO; c., G. and
l. G., 35; New York Central, $500; Ohio and Msss-
sppi, 1900; Pacific Mail. 1000, and Union Pacific,
s,7l4. The aggregate OF all the stock sold was
119,OS7. The above figures will indicate the meas.
ure OF activity In the various principal stocks.
NORTHWESTERN
earnings during the last week show an increase Of
$4so and for the past six weeks an increase OF
about 100000. This favorable report stimulated
the movement upward OF the stock to-day to the
extent OF per cent. wabash opened at 711s and
closed at 72al. Pacific Mail advanced from S7n to
3s3s, c., G. and l. c. from 32k to 33k, Harlem from
129 TO 129h, Rock Island from ll1h to 111x, Ohios
from 4os. to Az. Northwest preferred from s3h to
S3A and Atlantic and Pacific preferred from 254
to 26k The other changes are unimportant.
HIGHEST AND LOWEST PRICES.
The following table shows the highest and lowest
prices OF the principal stocks to-day
highest. Lo,cest
New York Central .............. 1O4l4 1035s
Erie. ACKNOWLEDGEMENTS. 65ls 5Sss
Lake Shore. % 93a
wabash. ACKNOWLEDGEMENTS. I2A 1b
Northwestern. -. ............ 7lR 701z
Northwestern preierred....... s3Z S34
Rock Island. lllss 11lh
St. Iaui ..'''.''''''''' Dos ozT
ST. Paul preferred. .............. 74X 741s