The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1871-12-30

course vi BOtu het IL SuOWH Ill Iue dDlcs-
10 A. M..,.......... 1887 r.. ............ los
1888 1888 a. III. 1893 1857 los
IL A. M............ 1osX 4P. M. ............ 1851
II M. lO9ls
In the gold loan market the rates ranged from
5-64 to per cent coin Tor carrying. The opera
tons OF the Gold Exchange Bank were as follows:-
Gold cleared. .$54 S4S 600
Gold balances 2009, 447
Currency balances Observation-Disclosures. 2.196 COS
The Assistant Treasurer paid out to-day
$1,000, 00o-maKing total OF $3.50, 000-gold inter-
est, and $40, 000-maklng total OF $3.50, OCCUR
rency interest He also paid out $40 900 account
Of redeemed '62'sa total so far of $21 757, ZOO.
Washington despatch says that Of the $10O, 600
''calledn for December and refunded $65,O0O, 600
was provided for by exchange OF the old bonds for
the new ves and $35, OO0 900 by coin subscriptions
to the new ives The total com disbursement all
over the country to pay for the redeemed 1925 has
been about sa5.ooo 900. balance OF $4,000 600
coin now stands In the hands Of the London Syndi-
cate to the credit OF the United States
GOVERNMENTS STRONG
The rise in gold and the rally in our bonds in Lon
don which at the close had recovered all they had
lost in the excitement produced by the article in
the London Times as wei as the domestic inquiry
for the reinvestment Of the January interest, oc-
casloned what might be called Juror in the Dig
nifed government board, and led to sharp ad-
vance In prices. as VIII be seen by the following
which were the best and last prices OF the day.
United states currency SKIES. lls 1l5h; do.
skies 1881 registered, ia q 114k do. do,
coupon, 1ls a 1lsk; do. fve-twenties, registered,
MAY and November, 1904 1loi4 do DO, 1852, cou-
pom do, 1898 ITO; do. do, 1854, do. do, ITO q
1l014; do. d0 1865, do. do 112 1l2k do. d. 1867,
registered, January and July, 1l1at liz; do. DO,
1865, coupon, do. 114% 114X: do. do, 1857. do.
do, 1861 ll6zs; do do, 1868, do. do. 1l5L q
ZIG; do. fves OF 1881, funded, registered, 1o9k
1o91a; do. do. do, coupon 1885, lOsta; do. ten.
fortles, registered, 1881 100 do. do, coupon,
1927 1lOh.
STOCKS STRONG AND FEvERIsu.
The stock market was strong with an improve
ment, ranging at one time as high as 2k per cent
for Northwest preferred, ~ cent for Northwest
common and 1 per cent for Wabash, Union Pacific
and Western Union. The rest or the list being
better to the extent OF 4 a u per cent.
A SENSATION IN WABASH.
The chief feature was wabash in which quite
sensation was furnished late in the afternoon,
with the prospect OF more interesting
one tomorrow. 1t seems that when the stock
touched ~ commission broker-Known
technically q as "a thirty second broker" or one
who for the COMMISSION Indicated in the designa-
ton executes the purchase and sale OF stocks for
other brokers-began selling and In doing so be-
trayed his possession OF heavy 'order," the
amount which he disposed OF ranging from 1900
TO $1,000 shares and according to some estimates
high as 10000 sharesl. Wabash stood the sales re-
markably WELL going or only to 7OL a II, but was
soon after thrown into spasms as was the whole
market by the reputation on the part OF one firm or
a sale OF 500 shares made on their account
by the broker referred to. The firm ordered the
stock bought In "under the rule,r but the broker
hi NM
stance 0ccasOned a very uneasy feeling although
the misunderstanding was subsequently explained.
The 500 shares had been bought by the firm referred
to for an OPERATOR who sold again in the after.
noon, but his brokers rel used to compare be-
cause the sale had not been reported TO them
before comparison was asked. In other words.
they were "ong" OF the stock, but not knowing the
agency or the thirty second broker, who was sud
denly employed over the rails OF the board, repu-
dated the sale Meantime Wabash had gone down
to 70,s through fear that the broker was selling
out Tor the clique and through general apprehen-
sion OF trouble. Meantime the recognized clique
brokers' went into the board and back to
r. But the events Of the afternoon had unsettled the
market. and the price again went OF to II, closing
finally at 71ls, at which figure several hundred
shares changed hands the sidewalk six o. clock
just as the crowd were separating. Everybody
went home tonight with great concern and
curiosity to the course OF the stock tomorrow.
The broker VINO sold the Is 900 shares was pressed
to give up his principals outside OF those for the
one transaction OF 500 shares, which seemed an
isolated matter. and not connected with the
general operation In which ne Is agent; but
he took advantage OF the privilege accorded
him by the rules or the Board in deerrlng until to.
morrow both the announcement OF the names as well
as the deposit OF ten per In the Trust Company
and persisently refused to intimate who had given
hun the orders TO SELL person familiar with Wall
street matters will readily understand, therefore, the
uneasiness felt tonight as 10 the events OF the NOR
row. VIII the broker deliver the stock sold by
him to-day. and therefore discover treachery
In some portion OF the Wabash pool, or was he the
tool OF a clique Of "bearsr who thought they could
by bold dash on the market this afternoon at q
late hour, cause a tumpic in Wabash and other
socKsS Numerous and heavy bets were made this
evening with the odds running on both sides. that
the stock would and would not be delivered.
Among the rumors on the street Is one that Daniel
Drew is the principal whose name is so mysteriously
withheld; and still another has Il that W. s. Wood
ward has formed grand "bear combination, and
VIII deliver the stock In the morning through q
broadway banking house conspicuous IN the panic
of 1859. The situation summed up Is as follows:--
Somebody has sold $4,000 hares OF Wabash which
Is TO be delivered and pau for tomorrow. II the
Stock be 'long' stock, the clique, II moi secretly
selling out will have to take OF 1t. II the stock
be "short' stock, and has to be borrowed for de-
livery, then the "bulls' have got the "bears''
''short OF l6 900 shares, which the latter may have
to pay very oeary for In order to close their con-
tracts. Before this excitement Erie advanced to
33ss, Onlos to as. aud Hannibal and st. Joseph pre-.
ferred to 66.
THE SOUTHERN STATE BONDS QUIET.
The Southern list was generally quiet with some