The New York herald., 1869-09-16
FINANCIAL AND COMMERCIAL
MONDAY, Sept. l3-6P. N.

MONDAY, Sept. 1876 p. M.
The street is utterly puzzled to comprehend the
plans OF the cliques vino WELD SO great power in
the operations OF Wall street. That the stock market
is again on the eve OF a decided movement one way
the other seems very evident from the mysterious
and devious ways OF these combinations. The public
were prepared this morning for very gloomy state
or affairs as the sequence OF Saturdays bank state
ment, and borrowers showed desire to secure
funds at as early an hour as practicable. IL
transpired that one of the banks had lent
the sum OF two millions in greenbacks to
q prominent firm, ana hence the discrepancy
between the items Of the bank statement. The
amount SO withdrawn reduced the figures Of legal
tenders and helped to swell those OF loans. The
course OF the stock market and Of the money market
has been 30 intimate that their movements were
exactly reciprocal. Thus In the forenoon stocks
were heavy, and declined One-haf to one per cent
during the early activity in money, when seven per
cent, gold, vas freely paid on call loans and for
the carrying OF stocks. The transactions were
limited in number and the market was
dull the street being dlsinclined to do
anything, such was the general distrust. In the
afternoon money became easy and after two O'Clock
the borrower could make his own terms. The stock
market became active ana strong The query sug-
gests ITSELF were the cQues anxious to induce the
public to buy in order to put out . new line OF
shorts or were they selling for "a turn' what they
had bought at the decineS Lake Shore In the rail-
way list came In for great deal Of attention and
was alternately hammered to 1O1X and sold up to
102H. A street rumor says that the
stockholders at their meeting will reject con-
solidatIon with wabash, preliminary to the
renewal Of overtures for consolidation with New
York Central. The Vanderbilt stocks were active,
and Hudson River rose to 1s41S on report that the
books will close tomorrow, but for what purpose
was not specified. Erie rose to 39h when 1t was
known that the committee had agreed to report In
favor OF its restoration to the list at the Stock Ex
change and the street infers that 1t will be called
at the first board In the morning. Rock Island was
active and strong, as were the st. Paul stocks. In
the miscellaneous list Mariposa emerged from its
quiet and rose to II for the preferred and 9s for
the common. The certificates were quoted 40 As.
The following were the closing prices at the last
session of the Stock Exchange:-CantOn SO go;
Cumberland, Sl4 33]s; Western Union. Soql 81;
Quicksilver. 13N IA Mariposa, OK; do. preferred,
1875 l6; Pacific Mail, TEX 7e'4; Boston Water
Power, 1e; Adams Express, 81 a SIX; wells-Fargo
Express, Is bid; American Express 37k S91s;
United States Express, e11s a 62h; New
York Central, 203A 2O4; Hudson River,
1872 1881; Harlem 152 1857 Reading, 0es
ses; Michigan Central, 127X 1885, Lake Shore, 1918
o 1913; Illinois Central, 1877 1857; Cleveland and
Pttsburg lex dividendh 1o9s4 Chicago and North
western, S0M o S02s; DO. preferred, s9X o S9h;
Rock Island, 1l2 112h; Milwaukee and st. Paul,
1874 bid; do preferred, s6x a s67s; Toledo and
Wabash 7s1 bid; do. preferred 80 bid; Fort Wayne,
So q ssH ;Alron and Terre Haute, 80 bid; DO. pre-
ierred, 81 a 5S Ohio and Mississippi 317s 80; New
Jersey Central, 1928 bid; Chicago and Alton, $50
q 1511k; do. preferred, Isl bid; Hannibal and st.
Joseph 1l71l bid; do. preferred, 116 bid Columbus,
Chicago and Indiana central, 29X 3o1z. The fol-
lowing shows the range OF the principal stocks