The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-09-13
INK; 40 do, coupon, l12x; nves Of 1881, coupon
1l24 l12x.

INK; 90 do., coupon, 112z; nves OF 1881, coupon,
SOUTHERN SECURITIES
to-day were quiet. Sales Of Missouri skies were
made at ok. Virginia skies, consolidated at d.
new Tennessees at 81. These comprise the active
stocks represented at the board. The follow ng
were the observation-disclosures skies, old, s1H;
Tennessee skies, new, 81; Georgia sevens, new,
80; North Carolina skies. old, 81; do, funding
1865, 16H; do. do, 1858, 1917 do, new bonds, 16;
do, special tax, 10; South Carolina, January and
July, IA; do, April and october, 27K; do. fund
ing, 1868, 10; Missouri skies, ok; do, Hannibal
and st. Joseph So; Louisiana skies, leves bonds
IS; do. elghts do, 55 Alabama ives. 1883, As; do
fives, 1883, As; Arkansas SKIES funded, 80; Texas
tens, 1875, s5K; Kentucky skies, 100
THE STOCK MARKET.
smart and not unhealthy rally to-day followed
the decline that has been observable in the stock
market since the beginning of the week, and busi-
ness was remarkably well distributed. The shares
that have been most stoutly held seemed to have
moved easiest upward, showing that. whenever
the weight is taken off, there is buoyancy in some
OF the stocks at least Whether this is due to in
herent strength or the manipulatlons OF those
inside
THE sANCTuS SANCTORUM
anxious to make temporary market to sell on is o
question yet to be determined. 1t may be conf
IDENTIFY accepted as fact, however, that the mar.
ket is by no means settled. The present condition
OF AFFAIRS has offered temptations tnnumerable to
those most identified with leading stocks to form
combinations and the prospect is that the 'suclei
of future work has only begun to be Swallowed
forth. II there be no more defalcations, no more
SUSPENSIONS OF TRUsT COMPANIES,
no more railroads unable to meet their promises to
pay, no more millionaires dragged into the street
in connection with bad credits and worse paper,
We shall, undoubtedly, have iall and winter
market full Of interest to all ccncerned but IT, on
the other hand, small commercial bubbles continue
to burst, and that emergency which few have
been bold enough to predict present. even its
edge and outline, just 80 sure will money-always
sensitive to the slightest cause-retain Its strn-
gency, suspicion grow into belief and values
tumble in proportion to engendered doubts. We
prefer to contemplate
THE BRIGHTER SIDE OF THE PICTURE.
1t is unsafe, however, to predict anything, and
without the circle Of those who have the ability
to control the movement of less than half dozen
stocks, we doubt If there is q man on the street
who, however honest may be mis- purposes, can any
more forecast the future than catch on canvas the
varying shades OF q rainbow. Men say that it has
been years since such peculiar condition OF affairs
existed and, this being true, 1t Is not di1cult to
explain the hesitation with which outside capital
fingers the threshold of the street, tempted by
its opportunities yet held In leash by its hidden
dangers.
THE ACTIVITY OF THE MARKET
to-day is Illustrated by dealings in 15s, 426 shares.
distributed as follows western Onion, 1920;
Pacific MAIL H,456; Lake Shore, 14,035; Erie, $3.50;
Rock Island, 800; Northwest, 1850; ST. Paul,
$500; New York Central 5000; Ohio Mississippi,
5000; Wabash, $500; Union Pacific, $500: The
following range OF prices speak for themselves,
because they show range OF prices Of u to TX
per cent, though somewhat modified at times by
reaction, details Of which may be observed
in the sales lists which follow. western
Onion opened at 500, advanced to 89X, retired to
S975 and closed at 90x; Pacific Mail opened at AK.
touched 43,< during the first call, when reaction
occurred after which the price was carried to AK;
New York Central ranged between 1Oax q 1857 Q
1o4H, closing at the latter fgure Erie started at
SO. advanced 4 o X a u and closed at 59H Rock
Island moved up from 106A to 1O7 1o7A 1O71k,
closing at 1O7S: Lake Shore sold at 91A ok q
e1h a91H q ok 90, closing ut 91T q 90; Union
Pacific sold at PAX 25 q PAX O 24x q 25X
= Is; st. Paul opened and closed at
46as, the highest price Of the day being AN.
Ohio and Mississippi was comparatively steady at
37H a 37x s7X 3s 3sH 3S,S 3sN. Wabash
opened at 63, sold down to 61N. recovered through
the fractions of g. sold again at 6sS and closed at
90. Northwest common was more than usually
active, selling from 81 down to 59T, but rallying
strongly to 61x, with close at 6oA Northwestern
preferred, 7Sh 7s%. Harlem sold at 100, Panama
at 1i6 116H, Delaware Lackawanna and Western
at 9SH 9Ss< 90, @. G. and i. c. at 29A, Hannibal
and St. Joseph at 33X q 33h o 33X. Canton closed
at 81.
HIGHEST AND LOWEST.
The following table shows the highest and lowest