The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1869-10-01
FROM NEW FORK.

Vanderbilt and Western shares.
Special Despatch TO The EUeni',g Telegraph.
New YoRK, Oct. 1.-The Stock market shows
decided advance on all shares this morning.
with more firmness than for several days past.
To the observer it is plainly seen that il lacks
activity, but it is generally conceded that it re-
qulres time to establish the confidence that
existed previous to the late panic, although
the prevailing feeling is that prices have so far
declined that reaction must naturally follow.
The Vanderbilt shares
are materially strengthened by the presence of
the Commodore's friends who are on hand early
this morning, for the purpose of coming to the
rescue in case of emergency.
Pacific Mail
still continues attractive Notwithstanding the
failure of Lockwood & Co. Pittsburg and
Wabash strong, in consequence of the injunc-
tions that have been placed on the banks and
trust companies, preventing them from selling
the Western stocks.
Rock Island Reading, Southern, and others
maintain themselves, with some inquiry.
An Upward Tendency.
The whole tendency of the stock market is
higher, as ii has been largely oversold, and the
short interest is presumed to be immense.
The Gold Room
opened this morning. but the attendance was
small compared with foregoing days, but bet
ter feeling prevails, and many think that the in
junction served on the Regular Board in regard
to gold will set them right again as to their
organization.
The opening quotation this morning was 130.
Loans were made on basis of I per cent, and
that is free of interest.
How They Do II.
Smith, Gould, Martin IL Co. are to-day receiv
ing gold-that is, they will receive and pay for
one-half in this way:--If Brown has bought for
their account one million, they will take but
five hundred thousand and by their doing this
there is no confidence placed in the street.
Exchange and Government Bonds.
Sterling exchange remains firm, as usual.
Fridays are the ruling rates; 1l013 for 60 day
bills and 1OSsl for 80 days.
Government bonds are more active and buoy
ant, in consequence of the advance in Europe,
with very large dealings. SiXty-sevens and ten
forties are especially attractive.
The Cotton market is dull with less inquiry,
and quotations barely maintained. NIiddlngs
| are quoted at 2614c. on the spot.
| Affairs in Wall street.
| Despatch to The Evenia1g Telegraph.
New YORK, Oct. Lockwood IL Co. Off
cially announce their inability to meet their en-
| gagements The injunction forbidding Golhimens
] IL Co. to receive gold has been removed with the
exception of one lot. which came through Lock-
wood IL Davenport. Brokers are rapidly settling
| the business of Friday 1t is estimated over
$200000,000 have already been settled. Gold
ranged from 130 to 1919. The tone of all the
markets is firmer, and business begins to look
up again.
Latest from Wall Street.
Special Despatch to The Evening Telegraph.
New YORK, Oct. 1-12'30 P. M.-Injunctions
have been issued against every member of the
Gold Exchange, preventing them from buying
or selling out any one. Smith, Gould S Martin
are settling all their differences, and will be all
Strengthened out by Tuesday or Wednesday.
Money, per cent. Gold and stock market inn
| proving generally. Central sold up to 10, and
| fell off again TO III.