The Cleveland leader. [volume] (Cleveland [Ohio]) 1865-1865, 1865-08-16
Special RepOrs.
FINANCIAL,

NEW Yo1I;, August 10.
The Stock market was Wesk and fever
ish this morning in consequence of forger.
les and fears of developments in unexpect-
ed quarters. About 10000 shares were
thrown upon the market There was
sharp rally in stocks on the street after the
opening of the board, but in the market
little was offsred.
At the second board prices were steady
and there was less pressure, yet the market
Wss very feverish and unsettled.
Government stocks were unaffected by
the excitement.
There was some panic in Gold, on ac-
count of the desire of all parties to sell
certificates on hand, and the price fell in
consequence, but towards the close Of the
day the market strengthened.
There was a general calling in of loans
this morning. and for 8 moment public
confidence seemed to be lest. The rate for
call loans was per cent, but SIS the day
wore on there YVES more disposition to loan.
The events of the day were such as TO dis
turb the financial community generally.
Capitalists are getting quite tired.
Tho Sub Treasury and National Banks
are discussing S1l 900 in currency, as
interest on Z. 80 notes. -
PETROLEUM.
Petroleum stocks quiet. Sales were as
follows:
Buchanan Farm, So; ExcsIsior, 155 /;
Webster, ESQ; Bradley, 80; Fulton, GAS /;
Cherry Run, 20; ooesnics, l45j Oil Creek,
S6O; United States, 2,77O. .
Petroleum steady at S23 for crude, 500
524 for bonded, and 69@7l3 for free.
THE FoRGERIEs ..
The excitement caused by the gold for
geries is most intense. '
At the first session of the Stock Exchange
the failure of Ohas. Graham & Co., was
announced.
Mr.. Graham stated that he had been ab-
sent from the city for some time in conse-
quencs of Ill health, and events had trans
Pired of which he could give no ezplana-
tion at present.
The Express ssys: The operations Of
Morris, Ketchum Sons 81 Co. are linked
very closely with Charles Graham & Co
In fact the latter concern was generally
understood to mean the former. They
were endeavorIng to sustain huge gold
and stock speculation, and were carrying
heavy load of checks forged by young
Ketchum, Issued in the names of severa
leading firms, including Vermyle s. Co.
Holgara s. Hermfeld, Brackmer & Unger
Lockwood & Co, Ernstien & Rosenfelt
and appeared to be used only as collaters
for loans, with the express understanding
that they should not be allowed to go upor
the street, or on deposit. A special agree
ment that in each case a good note wa
not to be sold at an extra shave was o
course submitted to, in consequence Of tbt
condition. The check book from which
Edward Ketchum obtained these forgeC
gold checks has not been recovered. 1t wa
obtained by him in June last, professedly fo
Charles Graham, who denies ordering if
or has any knowledge of it. he claims t,
have been an innocsnt tool of Ketchum
The checks in the book are numbered 58;
SOL to $1,000, and as three hundred ant
eighty-Ave of them are believed to hsvr
been used, it was supposed the smoun
would be 81, 10000 Some of the checks
however, are for small sums, several a
small as $500. The Numbers of the check
have also been withdrawn and cancelled
The signatures are such imperfect imita
tions that they can deceive no one sccus
toned to the scrutiny of paper, thougl
they might fail to be detected by the gol'
clerk. The officers of the firm have OF
dered all drafts arriving by mail from de