New-York daily tribune., 1866-04-07
OPEN BOARD OF BRoKERs-3i Pm.
FRIDAY, April 6-P. N.

..l09il l00........lliil 2OO--...b3' 9VI
FRIDAY, April 6-P. NJ.
Gold closed at 1915 l27i.
Gold-bearing Government stocks are steady and
the currency issue lower; sales OF 73os, third Sc
RES were made at 99i, and OF first series at ioo!
In Railroad bonds more business at former quota
tions. Bank shares are firm. In the miscellaneous
shares little doing The Railway share market is
higher under purchases by frightened bears TO
deliver, but there is no appearance OF
fresh speculation for an advance. Railway
shares at this moment have more value
as "the tools of gamblers than as invest
mcnts, and until much lower scale OF prices Is
reached will not be bought by investing parties.
Late in the day demand for Erie sprung up, and
7sl was paid freely. The last quotations were:
y. Y. Central, 92a G92I; Erie, IA; Hudson River,
lO9, 1904; Michigan Southern, SOt taSli Cleve-
land and Pittsburgh, 79iS79i Rock Island, ll4aa
ll4i: Northwestern Preferred, 26l d26ii Fort
Wayne, 5ii a54,; Prairie du Chen, 80. s9Oi.
Money is active at 6 per cent on CALL with some
business at = and lenders more cautious, as 10
securities and margins. There is more prime com
mercial paper Offering, and 1t is saleable at per
cent. Good names pass at Sag and ordinary at ~
" 5 per cent Erie Railroad paper sells at y per
cent, upon the street.
Exchange is more active at 1861 alO6f for prime
hills. at 60 days, with sales of document bills at
less than l05. Gold can now be imported at a
profit
The Controller OF the Currency denies the ALE
cation that he had written letter TO the Finance
Committee of the Senate, proposing to add $780,
600 900 to the authorized currency OF the national
banks.
The business Of the Sub-Treasury WAS: Receipts,
Al. .3iI, ,5S5 49-for Customs, si6i,0O0; Payments,
s56s, ,365 Sion account of Loan, 100000; Bal
ance, $S3 032, ,OO6 -. Gold notes, s2O9, $40.
Freights are quiet. The engagements to Liver
pool are 500 bales Cotton per steamer at Id to
London so tuns oil Cake on private terms.
Tho organ of the Michigan Southern clique, or
conspiracy with its usual fairness, garbes two par
agraphs from The TRIBUNE in relation to the
gambling in Michigan Southern stock, but has not
vet found it convenient TO correct former mistake
in this way, to which its attention was called.
The following are the railway earnings for March;
n y Central .slsss,; sSa; $50 nsSS; Inc sssaA
Mich Central. 3iI.22e 3Ul8 Dec. IOlO
Rock Island ~ 262 25l 226.-5l Dec. 3632i
The receipts Of the Western Union Railroad
Company for the week ending March 81 were:
ls66 .sla55 80 1868 sll 622 81 Increase .927 ~
We give below the affidavit of Mr.. Daniel Drew,
obtaining an injunction against Messrs. Scott,
Capron & Co.. in the Michigan Southern affair.
The point made by Mr. Drew is that he was tho
subject Of conspiracy, and that his credit was in
danger, which made it necessary for him TO resort
to the courts for protection.
Daniel Drew, plaintiff. complains and alleges:
Fira That about the 18th day Of anuary, 1866
he purchased 1900 shares Of stock in the Michigan
Southern and Northern Indiana Railroad Company. OF
the par value Of $500 000 at the price Of 500 share,
deliverable In 30 days
Second That on or about the 18th day Of said Jsnu.
ary he sold 1900 shares Of said stock and In order to
fulfill his bargain. borrowed the said shares, intending
them, when the stock SO purchased as afore
said should be delivered 10 him.
Third: That these transactions were done through
the firm OF David Groesbeck & Co.. who acted as the
agents and brokers for the plaintiff.
Fourth That within u few days past, the person
from whom the plaintiff had last borrowed this stock
for the purpose Aforesaid called upon the plaintns
agents for IT, and they borrowed from the defendants
for him 900 shares Of said stock to replace 1t on an
agreement to return the same when called for by the
defendants
Finh That there has been fraudulent combination
and conspiracy between divers persons many OF them
not known 10 the plaintiff TO make what is termed
corner in said stock by Withholding shares from the
market and buying up or pretending to buy up,
upon time other contracts all the stock OF said Com
pany In the MARKET and by those and other means Civ
ing the stock fictitious value. and forcing rp the price
thereof TO nearly double its real value for the express
purpose Of defrauding and extorting money from the
plaintiff and others similarly situated.
Sirh That the plaintiff Is informed and believes,
the defendants party TO the said fraud and con.
spracy and desire and intend thereby TO defraud and
njure the PLAINTIFF and that In order 70 carry out SAID
fraud they yesterday called upon the said DAVID Groes
beck Co. for the said stock and the price being then
eXorbitant the defendants agreed to wait until TINS
morning; within the mean time, the stock has risen
ten per cont which resulted from like fraudulent prac-
tees to which, the plaintiff Is Informed and believes
the defendants are party.
Ssrsnh , That the defendants again called upon the
plant ifs agents this morning to deliver said stock and
they threatened unless the same Is delivered this morn
ing to buy the in upon the plaintiffs account at
the oxor6tant rate now ruling aforesaid. and to
charge the plaintiff with the price, and also to call
upon him and his agent for moro money.
Eishh: That IL the defendants carry ont their pur'
pose irreparable injury will be done TO the PLAINTIFF
that his credit will suffer and he will DO charged, IN
accordance with the custom among brokers' with smu
lated price far greater than actual value oi tho
said stock
Ninh That the plaintiff Is able and willing to pay to