The New York herald., 1869-01-29
FINANCIAL AND COMMERCIAL.

THURSDAY, Jan. 2s-S r. n.
There b some interest manifested concerning the
operation Of the resolution adopted by sne regular
and open boards Of brokers requiring ths registrs-
ton OF an stocks with some trust company or bank
ing house ~ . condition TO their remaining on the
Gall list This resolution was adopted during the ex-
element attendant upon the dscovery Of the over
issues Of Erie and reqares the registration 70 De
accomplished BY the slst inst the enect Of nom
segisraton OF stock win 10 exclude II from the
dealings Of the boards. Outside brokers and the
street generally will, OF course, be q liberty 70
40 - they please. The Nariposs and other
shares have already been registered IN 40
oordance with the measure which was aimed
more particularly ct Erie ana ono or two Of the
Western railways, which were charged with over
Msung 1t Ii said that the Erie clique have de-
cded to pay no attention to the resolution Of the
brokers, and while centssng the right OF the latter
% prevent the stock from being bought and sold In
che boards win refuse to register. The number Of
Erie shares adoat is perfect riddle to Wall street.
Ihey may represent only twenty-five millions and
they are just as likely to represent sixty millions OF
collars Registration would force the solution Of the
puzzle. Vino can doubt that the Erie Clique, with
their well known akill, cunning and holiness, win
turn this matter to. their own advantages
The secret OF the exact amount Of shares
u most valuable one TO them, for Q
new departure In Erie speculation. The report that
they will not register is very likely piece OF strategy
ON their part to Induce holders 10 se ont and thus
break the price sttu lower In order that they may
buy against the lrst Of next month, when it win
suddenly appear that the stock is registered and
only to the exten. OF twenty-five thirty millions.
II Is curious fact that tho "cas, at AZ AZ which
they sold on the stock all expire within the time
allowed FOR registration. What IL the lnferencea
stree WILL aea loyu a
The litigation before the courts showed
that the total issues were over sixty
millions OF dollars. Now 1t is well
known that the Clique are the possessors OF the
greater part OF the stock. The cancellation OF the
oyerissues by rastng them back In the stock ledger
10 very simple process ana the books so amended
could be deposi0e at the Trust Company. The effect
upon the stock would be OF the most, astonishing
character. Wall street would again go through the
throes OF immense excitement, and the sock gam
'blers would profit, as they always do when the
.sponts'' are III sler possession. Erie is evidently
down for a ssn,ation, and its fluctuations for the
next week or two viii be extremely interesting.
Money was in good demand throughout the day
and the rate upon call loans was full seven per cent
Exceptional transactions took place ct six, where
the borrowers were favored or good customers and
the colaterals government bonds Even with The
latter securities The great volume Of loans was at
seven per cent, which was, 1t readily follows, the
rate between stock houses In commercial paper
there Is nothing new to note except better inquiry
principally from the country banks, who are again
putting out ,hs funds withdrawn In preparation for
the last quarterly bank statement
Gold was witnoug important change, the price dur
ing the session OF the Board nuctuating within the
comparatively snal. limit Of quarter OF one per
cent. The market was du the total cearlngs at the
Gold Exchange Bank amounting TO only $40, ,092, ,ooo
The gold balances were $780, l2o ana the currency
balances 1885, 1872. Cash gold was in abundant sup
ply and loans We're made At "nat' for borrowing
and At from 81. 10 per cent. FOR carrying. The
European steamer took out $23l,700 The range in