The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1869-10-08
New York Money Market.
NEW YORK. October z

The redemption of 3per cent certih'
Gates by the Assistant Treasurer at this
price for September and thus tar IL
October amounts to about S2,OOO,OO0
The legal tender reserve has been drawn
upon. 6ut IL is stated that the Secretary
NAV order the return of these Legal
tenders to the reserve at any moment
The Gold Room had an executive ses
sion to consider the report of the com.
mittee instructed to devise q plan fol
a clearing house. This report was pub.
lished on Tuesday last.
At the opening Of the session q mo.
ton was made to lay tho report on the
table, to which substitute was offered
and carried to suspend action on the
whole subject for one week. This sub.
stitute was carried on the strength OF
the representation of the Gold Exchange
Bank. They were entirely solvent and
had their capital in tact so that in few
days they would be able to resume bust
ness, and then they intended to propose
an entire reorganization of the bank
with new directors and officers and an
entire change of administration; that
they were willing, if the Gold Room SO
ness, which has always been objection
able to the members of the Beard, and
confine the business of the bank exclu.
sively to the clearances of gold for the
members of the room.
A lively discussion followed on the
proper method for declaring members
failed or suspended so as not to inter.
fere with the iniunctions now in force
1t was finally decided that all persons
having unsettled contracts outstanding
be requested to refrain from dealing in
the room.
The New York;Central aud Hudson
River Stockholders will vote on the
question of consolidating November LIST
Some of the large holders are already
sending in proxies to the committee or
Consolidation. Nothing is publicly
known in regard to the terms of the
consolidation.
The governing committee of the New
York Stock Exchange notified that body
this morning that they have resolved tt
contest the legality of the various in
functions served on the Board, restrain
ing its officers from enforcing the rule
against its members.
The creditors of Lockwood & Co. hell
meeting to-day at 2 o'clock.
The Directors of the Lake Shore ant
Michigan Southern Railroad Compan,
took a recess until 3 o'clock for the pur
pose OF enabling part of their humble
to confer with the creditors of Lock
wood g. Co., and ascertain, if possible
> the extent of the loss of the compan,
by their failure. Nothing importan
occurred at this informal meeting.
At 3 o'clock the Lake Shore Director:
resumed their session. A proposition /
before the Board, in substance, to ISSUE
100000 7 per cent. Sinking Funt
convertible bonds, to meet the imme
date liabilities of tho company, su
more especially to take up the Wabasl
stock falling due on the 18th inst. Th,
directors are still in session, and moth
ing further has transpired in regard tt
the financial condition of the road.
| MONEY-Easy at 6a7 per cent. oil
call.
STERLING-Quiet and steady a
1O9salO9f.
GOLD-Opened at 1917, and CLOSED
at 13lia131s; carrying rates sag per cent
to fat.
GOVERNMENT STOCKS-Highe
and closing steady. Coupons, 81, 1884,
ll9f; do '62, l209120f; do "a, 1l9s,
1919; do '65, 1l94a120; do new, 1175t
lis; do ~, 1l5allSs; do '68, 1175a1l5
10-40s, l09a109s; currency 6s, 1OSal0Si
The Sub-Treasury bought a million a
Us 80 1o0al16 70-l00, and also Sl53, 50(
to represent the accumulated interest o
the Sinking Fund at 1l6 7.l00a116 9. 100