The New York herald., 1871-09-13


was dull and quiet, ana both parties seem waiting 9
Tor the next government sale. Cash gold relaxed
from 10 for Its to per cent for Its carrying;
but after three O'Clock borrowers paid Lilo end S-32
20 engage It's use tomorrow. Tie course OF the
market rs shown in the table, aa
1914 1874 n M';.. ii4,< ~ 2P. sP hl4 M..... h
iile A. M......... llsys 5PM;; ;;....;;;;;;.. ny
;--........." Ia o'oV M'"'ii4% AAs'a
4 r. M............ 1875
IN the gold loan market the rates ranged from
- per cent for carrying to l-16 for borrowing. The
Operations OF the Gold Exchange Bank were as fol-
r4Ows:-
Cold cleared so, ,oas' @ ooo cog
ssol0 balances ......................'. S'oo,,soo
currency balances. ces..................... S,6Il,2oS
GOVERNMENTS STEADY.
The government list was quiet und steady. A
great deal OF complaint is made because the Secre-
tary OF the Treasury does not modify his circular Of
September 30 to allow holders Of the bonds
designated for redemption to realize on them at
present instead OF waiting until December l. Tie
currency SKIES were in good request toward tho
close and advanced to 1l6 The following were the
closing street pIices:United states currency sixes
ll6 1l6S; do, 1884, registered, 1l75a 117,1; do
hO., coupon, 11s5s 119H; do. hve-twenties, regis.
tered, May and November, 1l5H l15x; do. do,
1S82, coupon. do, 1l51s lI5H; do. do, 1864 116h
ll6,s; do. dc 1866. do. do 1l5h ll57s; DO. do,
do, 1866 coupon do, 11liS ll4A; do. do, 1867
DO do, 1l41z ll4'S; do do, 1885, do. do, l141z
max; do. ten-iorties. registered, lll% 11lA do.
do, coupon. 1llx 1117s.
SOUTHERN SECURITIES LOWER.
The Southern State bonds were more active, with
Awen distributed business but the changes in price
were quite irregular. The South Carollnas and Mis-
souris seemed pressed for sale and were heavy, If
not weak aud lower. The North Carollnas, on the
ua~o ofo dy with n faa alipo
Virginia consols and deferred bonds have been
placed on the active list ana Will be called hereaf-
ter In connection with Virginia securities. After
the last board there was sharp decline '---" Ton.
nessees, which sold at 72H. The following VIZ
fadfhg Southern municipal and railway bonds:-
Tennessee, ex coupon, 70 o 73; Go. new, " o 70;
Virginia, cx coupon 6s1< Ca do. new, 70 II; do.
registered stock, DID, 52h 81; Georgia sixe5, "a
60; do. sevens 81 81 x; North Carolina coupon,
l3X A; do. funding, 1850, "a 80; 40. do, 1868,
70 30; do. new, "a Is; do. special tax, 10 20;
Missouri sixes 97H a 9s; do. Hannibal and st. Jo-
seph 96 81; Louisiana skies, 81 a 60; do. new, 60
ao2; do kvee sixes II ~; do. eiahts. so "a, do
Penitentary sevens 10 70; do. railroad eights IS
aS2; Aabams nves, oS 20; d.. e2hts, 1ol l02; do.
railroad efghts % q So; South Caroliua sixes 7Oa
10. @o. new. January and jay, SIX 577I; do. do,
April and October, 60 81: Arkansas sIxes So q 55;
no. sevens 30 o2; Mobile and Ohio Railroad sterling
DO 9l do. interest eights So s4; do second mort.
gage elghts. 70 "a; Mississippi Central Railroad
urst mortgage, sevens, 81 60; Go. do, second do
eigh's, IS IS; New Orleans and Jackson Railroad,
nrst mortgage, "a 81; do. second do rs 80;
memphis and Charleston Railroad first mortgape
so 30; do, second do, &c so Greenvllle and co.
inmbia Railroad, guaranteed by South Carolina, 54
%; Macon and Brunswick Railroad guaranteed
by Georgia, 70 75; Wilmington Charlotte and
Rutherford Railroad egbts 55 a 81; Memphis and
Little Rock Railroad ciphts ; Meuonbio oi,r
nxes, eoI Of; savannah city sevens So 90, New
orleans consos old, 70 75 do, issued 10 railroads
nxes, y a 20; do. sevens, Gar
AsuARP DECLINE IN STOCKS.
Ihe STOCK market was strong and rampant In the
morning, tut broke down In the afternoon and un.
derwent heavy decline. The early activity ana
ADVANCE were occas1oned by q new deal in Wabash
whfea was complete surprise TO the street. 1t
seems th at after tho books closed week before last
was discovered that the opposition to the present
direction had been able to get control OF only CO. coo
out OF the 10000 snares constituting the capital
ftock, and the inference was at once drawn that
The stock was "a sae,r the impression being
heightened by The nervousness and tlmidity
Of the brokers representing the opposition party who
were supposed 70 le endeayorng % gSt Of their
now useless load OF stock, some Of Which thef ers
inspected OF parting with at low as 64jS on Mon.
day. The street went 'shortn OF the stock on the
sacridced Meantime 1t was discovered that the
present directors were not so sure OF controlling
majority OF tie stock. They had obtained the nro-
mise OF the help OF q good many stockholders ana
believed they corld vote at least eighty thousand
shares But there was a small balance or
power party whose loyalty to the pre-.
sent directors might be detached. Accord
,nply the opposition party took fresh courage
made an alliance with Messrs. Horace +. Clarke !
DO
shore and Vanderbilt pool, and to-day distributed
invitations TO the holders Of the floating stock
inc balance OF power pary-to give their proxies to
the gentlemen above named. This magnificent
strategy on the part OF the opposition struck terror
INTO Tue pears" Who rushed the Stock Exchange
and almost climbed each other IN their ANXIETY
TO bug In their "shorts." Tie price OF the stock
rose 10 OK and electrified the general market
occasoning small-szed panic among the " bears ;,
ali around and Inducing steady buying movement
throughout the whole forenoon, sending prices IN |
n 70 ~ per cent. The bull clloues saw the oppor.
tunity was not 10 bo lost and the bears ~ were |
generously supplied About three O'Clock the re. |
'usal OF the CITY Comptroller to resign was made
known on the street. ana the trouble thus FORE |
shadowed IN the city credit worked 50 much de-
moralizaiion Immediately that the pressure
~ SCH now became urgent as had
seeh the furor TO buy and stocks fell faster than
'N>' 10" 'iscp' the lorenOOn's Improvement was |
"peu out and the market at the close OF street Dusi
ness was down TO the lowest stage OF the day. Even
Wabash s1ccumbed and dropped to &C. Lake shore |
aione Standing the hurricane, but Yielding TO the |
extent OF a decline OF one per cent from the best
ngure made in the morning. The market shows the
presence OF organized pools on the .bearr side
whose operations SEEM however, TO be directed not
against such stocks as are alreadv clqued by the
"buIls," but against those scattered among small
spectators.
HIGHEST AND LOWEST PRICES.
The following table shows the highest and lowest
prices Of the principal stocks during the day:-
U,0heSk Lotcest.
New York Central consolidated ....l0lk 10
rev Hofh central scrip p............ g54 So. |