The New York herald., 1869-09-03

The demand for cash gold became suddenly active
towards noon, when the rate, which had been to
per cent, declined to per cent for carrying and to
nat for borrowing In the afternoon the rates ranged
from per cent for carrying to nat for borrowing.
The disbursements Of coin interest amounted to
33l1. $685. The steamship Deutschland took out
Sll2, 900 In Mexican silver. At the Gold Exchange
Bank the gross clearances t69 the gold
balances $1,5S5, ,42e, and the currency balances,
$206211s.
Governments were heavy at the opening from
continuance OF the depression noticed at the close
last evening" but rallied after the noon call and be-
came buoyantly active In sympathy with the higher
price Of god The following were the closing street
prices:-United States skies, 1881. registered.
12S . 123N; DO. do., coupon, 1881 123K; do.
nve-twenties registered, l22K 122X; do. do, cou-
pom, 1852, 12aA 123; DO do, coupon, 1854, 122K
122x; do. do, coupon. 1886, l22k l22x; do. do,
coupon, new, 1885, l2lA 12lX; do. DO. coupon.
1851, INK q 121x; DO. do, coupon, 1868, l2lX q
l21K; do. ten.forties. registered. 111x . 1l2; 40.
do, coupon, liz 1l2k; currency bonds INK .
1llh.
Foreign exchange was irregular and unsettled at
the close, owing to the apprehension Of high bor
rowing rates for gold 70 morrow. but the nominal
quotations were 100 10oX for sixty days. and 1o0k
1ooX for sight, sterling.
The money market was more active and the gen.
eral rate on mixed collaterals was seven per cent
The exceptional rate such securities and the pre-
vailing rate on governments was SIX. The fear was
quite general that the gold gambling cliquss win
make money active tomorrow by the locking up Of
gold.
In the stock market movements were irregular
and prices disturbed by the speculation in the Gold
Room. New York Central was again active on the
report that Commodore Vanderbilt was In town and
that the directors were celebrating on the proposed
consolidation. whatever has been or IL to be done
is kept profound secret. No one u able 70 speak
authoritatively on the subject. The stock to-day
touched 207k. 1t 10 said that the Commodore ia
anxious to secure very generous terms for Hudson
River in the consolidation, and that his obstnacy on
this point defeated consolidation when the directors
met &C Saratoga . few weeks ago. Treasurer
Worcester has prepared the statistics for the action
OF the meeting which seems TO be about as far as
the matter has gone The whole party were TO have
met to-day at the Union Trust Company but
nothing has trauspired Of the proceedings they did
meet. A strong light will be made for Hudson
River. Nothing is said OF Harlem, ana the Commo.
dore will probably waive any claims for Its stock in
order to gain larger concessions for Hudson River
The Albany Journal Of last night says:-
Both the vanderbilts father and son) expected
here New York; tomorrow. Clark, Schell and
already qusrtered in town. Treasurer Worcester is
expected TO return with the Commodore and party.
Rumors are current sassy Of heavy cash DIVIDEND to
watching for the required legal public announce.
ment OF the long expected consolidation. and
Of agreement One rumor has it that Vanderbilt and
relatives own fths OF the entire Hudson River
extended TO that stock; while sti others say that
In order to give fair and just terms TO stockholders
Of both roads three aeTsnt propositions ,n w Be
OF Directors thus freeing themselves from the suspi
cion OF consolidation influenced by any pecuniary
with reference to this movementi There are stiii
greater stakes TO be played for on the chessboard OF
country win be startled by the magnitude and bold.
ness Of stock obbers. There are other stocks that
avaricious boards Of directors think viii bear .
watering" though their road beds are hardly SET
| tied on the rich prsires of the West.
New York Central went or 70 200 late In the after
| noon, In the general decline and heaviness or the
market following the uneasiness generated BY the
! speculators In the Gold Room. The dealings In
Northwestern were large and constant the partisans
OF the defeated candidate for the Presidency OF the
road continuing their sales OF the stock, In which
| they were doubtless assisted by those who deemed
| It an opportunity to 60 'short" The price yielded
| under these sales, but not 90 much ss would have
been the case had not the friends Of the new Pres
| dent and the old Northwestern party have been
| free purchasers The director chosen to al
vacancy was Mr.. John ID. Williams, Presiden,
| Of the Metropolitan Bank, for whom the
| entire vote OF Mrs. Keeps stock-abou,
| $4,000, ooo-was thrown. Among the stocks
which have been favorably affected py the election
OF Mr.. Mitchell are Rock Island and ST. Paul
the former less 90 than st. Psul-whicn, from
the fact that he lie also its president ID regarded
! a. coming in for . speculative movement based
upon the removal OF the rivalry and competition
which heretofore existed in the transportation o.
grain from the interior Of the far West to the shores
Of Lake Michigan ana the establishment Of tarif
which win inure to the benent Of both lines. TIT
termination 81 the Northwestern road
chicago ana OF st. Paul At Milwaukee.
union Of their interests Rives them contro
Of the freight business westward OF tho lakes
We have already shown the tendency
railway directors 10 consolidation and monopoly
II IA inst the season when the produce OF the was