Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-10-18
OLD,
The LOssessSf Fisk & Co. Over
$ $4,000, 900.
The Prevailing Sensation on Wall
Street,
The Lake Shore and Michigan
Southern Railroad.

NEW NoEK, October l5.-Dealings
la glld to-day have been on an ex-
tremely limited scale, and entirely for
mercantile purposes. The premium
does not appear to be effected i'm the
slightest degree, either by the sales of
Government gold or the approaching
payment of the November coupons,
all desire to speculate having left Op-
orators, and brokers find their occupsl-
ton gone.
There appears 10 be no movements
in presses to affect the prevailing
ease ~ mGney. The movements OF
currency are Of little importance,
being checked by the continued ina-
bility of the banks TO procure small
notes. The sub-Treasury is in receipt
OF moderate sums of fractional cur
rency, but, rs yet, none Of the new
legal tender notes have been received.
IT is now stated that the Board OF
Directors will authorize the issue OF
two millions of the Michigan Southern
Railroad seven per cent. bonds, bat
the INFORMATION Is not Verified. II
the company assumes, as we UNDER
stand it will, the purchase of twenty
at So, and the contract for which falls
due in a short time, Z will be neceS-
sary to raise the money to pay for the
saiQe, and it will probably be done by
the issne Of bends.
1t is now pretty well settled that the
gold clique nave lost enormously dur
ing the late panic. Calculations have
been made, showing that Fisk g. Co.
will lose sbOut Sl4, ,OO9, 900, should the
court decide against them with regard
to the purchase ofvarious brokers who
have since failed.
The great sensation on Wall street
to-day wac the revelations in regard
to some Boston capitalists who had
supplied the M lrllet with greenbacks
for some time past, and sp6culated gl
a rise in bonds. The story that the
ROthchilds had offered Il loan for a
new bond at 4 per cent. originated
with them. They were believed to
have private information that Bout
well would take ali the bGqds offered
on Wednesday at any price If the eiec-
tions were right, but Boutwell, did not,
and while they put their bonds at a
high figure, national bank manager
slipped in his bonds below the Boston
offers, and thus took the wind out of
the Bostonian.
The election of Mr.. Augustus Schell
as q director, and the election OF Mr..
J. II. Barker as Treasurer of the Lake
Shore railroad, created the impression
on the Stock Exchange that tie road
was really under the control of Com
modore Vanderbilt. This started a
movement for a rise in railroads, and
at one time this afternoon quite buoy
ant feeling prevailed. Afterwards
some or Commodore Vanderbilt's
friends denied that he had anything
to.do financially with the manage
ment Of the Lake Shore Company,
and If was further stated that, in the
matter Of freight and passengers, he
would not show any preference TO the
Lake shore company, over the Michi-
gan Central Company, with which he
has always worked in concert, and at
this late day has no idea of breaking
off his friendly rela tions. These
statements in creased the tide of spec
ulation on the Stock Exchange, and
tnege wss q decline from the best
prices Of the day.