The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-02-18
FINANCIAL AND coMMERcI


WEDNESDAY,, Feb. It'd p. NJ
The elements OF Wall street are ranging themselves
with The various cliques which originally gave the
impetus 70 the speculation which carried prices to
their present 6gure New cliques are forming and
viii soon be waglng fierce war with each other.
The latest OF these organizations IL the government
clIm,e.n VINO were discovered through the terrible
losses inflicted upon them by the unexpected appre
citation Of orr bonds in Europe. They were largely
.sshort, and were forced into sight by the writhng
which they showed az the sudden disarrangement OF
their plans The bear element In the general market
has also been augmented by the turn which affairs
have taken so that Wall street promises to be the
scene Of very pretty struggle IN The immediate
future between all the various rival interests. IL IL
now said that il is to the advantage OF two OF these
powerful combinations to prevent the passage Of the
Hooper bill in the Senate forbidding the increase OF
the bonded debt ana that the effort will be made,
defeat IT, at least To delay II until the cqnes
have been enabled to withdraw from the complica-
tions OF the street. II Will be noticed by the WASH
mgton reports that the House has passed the BIZ
winch j. 10 take the excess OF currency from the
New England banks and distribute 1t TO the South.
redistribution OF this KIND will be beneficial to the
great metropolis in removing another Of the sources
OF monetary disturbance arising from the shipments
and reslipments Of currency.
The government market was steady al the OPEN
ing this morning. but on receipt Of the cable tee-
gram announcing yielding OF the London price to
7ssS there disposition TO sell, and quotations
were lower. The market was variable, excited and
Guctnating during the boards. The feeling on the
street in subsequent transactions was better one
and prices improved, but did not return the high
figures OF the late sharp advance The market
closed strong with the following quotations:-Uni
States SKIES 1884, registered, 1l2'4 l13; do, cou
pom, ia l14a; do. 5-20's, registered ll0s
Ill; do, coupon, 1862, rs ll54 do, 1884, 1I1l4
lIl7s do, 1865, 1928 llS; do. new, 1885, 110k
ll0%; do 1857, l1o7s 1iOA; do, 1865, l1o1s III:
do, io-40s, registered 1884 l03K; do, coupon,
l09is 1o9s4; currency bonds, lo1N 1olK.
Anything which tends 10 check the expectation of
bonds to Europe IL Immediately reflected in the
price of gold. Hence the reaction TO 1875 In London
was followed by frmer tone In the premium ct the
opening of business this morning. when the price
was 1884,. The market Is in q very unsettled state
~ 10 the future OF the premium. The leading
dealers ranged on the two sides which are oper-
atng respectively for rise and for fall, and the
street is inclined to leave them to fight il ont The
''bears' were plucKy again to-day and sold the
market freely at the advance. The gross
clearings amounted to S649l9,000. the gold
balances 70 81 $50 o39 and the currency balances
$i,Ss6.3l4. The lending rate for cash gold was
active, and 6is "a, s. and 10 per cent and l32
were paid for carrying before Clearing House time
ana 10 per cent and l-ae afterwards. The range OF
Frfi.<u