The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-01-09

operations OF the Union Pacific Railroad:-
Nou 1871. Nor, 1872.
EARNINGS .............. $IOo, Al $ylo,1N
Expenses. 284,993 S62343
Net earnings :. -. $42a l4s $3.50, 1854
Increase gross earnings for November. 500, 1856
Increase net earnings for November. 130,236
Jan. to Nou. 80, Ja9. to Nou. 3d.
1871. 1872
Earnings. ........... $7O51,75O $S,134,74
Expenses. ............ 3283,153 $50
Net earnings. ..... S., 1888, 507 So, s,OO4
Increase gross earnings for eleven
Decrease net earnings for eleven months sS,Ss3
The gross earnings were largely reduced In the
months OF January, February and March OF this
year by reason Of snow blockade. The increase Of
expenses has mainly resulted from large expendi-
SOUTHERN SECURITIES DULL.
The Southern State bonds were dull, the transac-
tons at the Board being confined to Tennessees
and new South Caroinas which were strong and
4 u niger The following were the closing quo
tatiOns Tennessee, ex coupon, 80H a sly; do,
new, SOH 81; Virginia, ex coupon, As a so; do,
skies, consolidated bonds, 81 o 54k; do. skies,
deferred scrip, 15 10; Georgia skies, II 80; do.
sevens 81 90: North Carolina, ex coupon, 331a
"a; do. to North Carolina Railroad, 81 60; do,
funding, 1866, 25 a IS; do. d. 1868, "a 27h; do,
new, 20 20h; do, special tax, IA q Is; Missouri
skies, 90 9316; do, Hannibal and st. Joseph, 90
81; Louisiana skies, so q So; do, new, SO a So;
do. levee SKIES, so IS; do do. Fights, 60 q 20;
do. do. Fights, 1876, 80 70; Alabama fves, go
65; do. Fights, 81 S5: South Carolina SKIES 40
so; do, new, January and July, % 22H; do. do.
April and October, 24H 24h.
GOVERNMENTS RAMPANT.
The easier tenor of the money market, the rise
in gold and the advance of our bonds In London
caused a further and considerable advance in the
nrs,
against 1l4s, the highest of the day before. The
new fves sold at 1923, only z below their par
IN gold. The currency skies were steady. The fol-
lowing were the closing prices United States
currency skies, 113 113K; do. do, 1881,
registered, 115ss 115T; do. do. do, coupon,
118 a 1851; do. hve-twenties, registered,
May and November, lib 113H; do. do. 1862,
coupon, do, 113]l 1131s; do. do, 1854, do.
do, 1885 11s7s; do. do, 1865, do. do,
1141 115; do. do, 1867. registered.
January and July, 114b 1143s; do. do, 1865,
coupon. do, 113% ia; do. do, 1857, do. do,
1147s a lis; do do, 1868, do. do, 1l4k us;
do. ten-forties, registered, 11Oss l1Ozs do do,
coupon, 110X Ill; do. nves OF 1851, registered,
1924 l12h; do. DO. do, coupon, 112X 112h.
STOCKS DULL AND IRREGULAR.
The stock market inclined to duler mood and
speculation Is again awaiting the developments
OF the money market The failure of the govern
ment to buy bonds, this time through the refusal
Of holders to SELL at least at what the government
| Is willing to pay is regarded as an unfavorable
sign for the future in view OF the prospect tnat the
ve-twenties likely to rule higher than gold as
long the country is at peace ana our finances re-
| main in their present composure. The amount
offered to-day was only nominal and represents o
| few orders In the hands OF brokers given before
gold went up from 111Z. 1t is possible, however,
that this influence Is estimated, as the govern
| ment sales Of gold are not likely
| AT THIS SEASON
to do the injury they would in the Fall or when
currency is going out Of the city. At present and
for months to come the currency movement is and
will be In our favor. so that the gold will now into
the banks and help their reserves, excepting such
of It as shall 20 abroad this week. The specie ex-
port Is spasmodic matter due the interruption
| OF the movement OF cotton, wheat, petroleum and
| other merchandise to the seaboard by the recent
| snow storms so that the loss OF reserve by this
outlet need hardly be considered. The chief feature
| to-day was q further rise In New York Central to
1929 In pursuance OF the causes already noted In
| this conmn-viz rumors Of q scrip dividend and
OF dividends in future at the rate Of ten per cent
per annum. Western Union Telegraph was un-
settled, and after an early decline became strong,
with rally to soa<, while Lake Shore, Rock Island
l. anu W, C tuu IL W Were quLtt duu uIm fbCluC
| Mail was
THE WEAK SPOT
of .he market and dropped to.70H, the lowest
point reached since the beginning Of the down
| ward movement that followed the elimination Of
| the Stockwell speculation few months since.
| Ohios and Union Pacific were weak and lower on
sales Of long stock held by friends OF Commodore
Vanderbilt, who are going into Central instead.
Northwestern was or another u. per cent and Erie
| yielded about 4 per cent. The fluctuations out
side of New York Central, Western Union, Ohios
and Pacific Mail we're not important, and the mar.
ket, with the exceptions Of these stocks, was
steady. Boston, Hartford and Erie advanced to
o., but closed at reaction to sX. Michigan
Central decsined to 1o7K-a further illustrate on OF
the anticipated competitive rivalry OF the Canada
southern route between Buffalo and the West.
| HIGHEST AND LOWEST PRICES.
The following table shows the highest and lowest
prices OF the principal stocks during the day -
Highest. Lo,cest.
/ v,rlr Nop AZ II