The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-09-07

GOVERNMENT BONDS.
Intonsequence 9th decline OF goiu tne price'of
some of the issues has temporarily weakenedv ane
we record closing quotations AS foRows:-united
States currency sixes ll3 q 1881; do. do- 1881,
registered lea l16h; dc. 40, coupon, liza alsh;
do. fve-twenttes, registered, May and November,
J15a 116; do. do. 1852, coupon do, 115Ha ZIG;
do. do 1864, do DO, l16% 1i6H; do. de-, 1885,
do. do, liz a l171; do. do, January and July,
115}s 116; do do. 1861, do do, III ll7h; do.
do. 1865 do. do, III 117A;do. ten-fors,es, regis
tered, 111x 1l2A; do. do, coupon, 1l24 1l2s<;
do. fves 1884, coupon, ia a 1l4I4. It win be OBJ
served that an important decline has taken place
in the registered ten-forsies, which were quoted
on Friday at 1l27a a 113.
SOUTHERN SECURITIES.
The dealings In this market were so limited as
scarcely to deserve comment. An effort Is again
being made TO fost some or the worthless issues
Of South Carolina on the market, and to again
seduce the public into buying bonds which sooner
or later must undergo material change fer the
worse. These efforts stimulated by recent
decision Of the Supreme Court of that State, which
unfortunately as we are informed, cannot be
reviewed by the Supreme Court OF the United
States. The people Of South Carolina will unques-
ttonably pay with cheeruiness what Is legitmately
due on their public debt but the temper OF the
State II we may judge from the tone OF
its press and the statements Of Its leading
citizens, Is iercely antagonistlc to any swindle,
even though it be perpetrated by Legislature
and enforced by Court. The following are the
official quotations Of bidding and asking prices Of
Southern securities to-day:-Tennessee skies, old,
SIX a S2x; new do, S1h 8214; Virginia skies.
DID, AZ; new do, so; do, consolidated bonds, 81
52k; do, deferred do, IL 121s; North Carolina
skies, Funding act, 1866, II 1917; do. do 1868, 20;
do. new, .16 10; do, special tax, 10 IA; South
Carolina SKIES, January and July, IA 49,; do,
April and October, 80; do, Funding act 1885, IL;
,do L. G.. 1885, January and July, 90; do. do. do,
April and October 20; Missouri SKIES, 9Oal 911s;
do, Hannibal and st. Joseph ISSUE Ss a 9O4.
THE STOCK MARKET.
The best evidence OF activity Is furnished by the
amount of sales to-day. which reached the hand
some figure OF 1889 shares. or these the follow
ing stocks represent the largest transactions:-
Lake Shore 1880; Erie, 1000; Canton, 1900 Rock
Island, 1000; ST. Paul. 9,15o; New York Central
e,2l5; Ohio and Mississippi. 1s,4Oo; Pacific MAIL
26,5OO; Wabash, 1900; Union Pacific, 7,4O0, and
Western Union, 300. Naturally, considerable ex
element attended these dealings, the ten
dency Of the market being dOwnwards. Many
sales were made for the purpose Of real
iZng, as is always the case on Satur-
day, which threw large quantities of stock on
the market; but, aside from this, the feeling pre-
vailed That prices generally must go lower before
they can rebound successfully. The anticipation
| of q bad bank statement had something to do with
| the condition. but it may be fairly assumed that,
even without this, the influences at work were not
calculated TO create buOyancy. Weeks ago 1t was
written in these columns that when the specua-
| ton In gold eliminated 1t time for every one
| '1Ong" OF stocks to "stand from under" 1t looks
| very much as II that hour were ap-
preaching. When the bottom is reached
1t will be better for business all
Sides We shall then begin to convalesce, and ON
basis that gives promise Of healthier market for
the winter. Rumors by the score were adrift in
the street concerning this man and that, but they
proved to be utterly untraceable. The course of
prices was about as fOllows:-Western Union sold
at soh 91z S9% o 90; Pacific Mail, 49, 40
q AK 42Z; New York Central at 1045s 1O3s<
1o4; Erie ranged between $50 a 5SA; Harlem
sold at 1921 129% Lake Shore sold from OK to
81 9l4; wabash fell of from 81 to 65T
closing at 66; Northwest common sold between
61i4 5911 60. Rock Island declined to 1O7 with
out exhibiting any elasticity, except In the last
sale when it advanced u. st. Paul fecede6 from
4s1a to 45s[, Ohio and Mississippi went Off to 37T
371I. Union Pacific, from 261a to 25s a 25M; Hanni.
bal and St. Joseph, from 35 to 34h; c., c. and l. c.,
from 80 to 29A. Panama was steady at l151 a
115h 115. The Western Union books are an
nounced to close on the 10th inst, and the annual
election takes place on the sth OF October.
HIGHEST AND LOWEST.
The following table shows the opening, highest
and lowest prices Of the day.