The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1871-10-17

THE NEW YORK GOLD EXCHANGE.
The annual meeting OF the Gold Exchange was
held this afternoon. Thc Treasurer's report shows
balance hand OF $la2, 1882. According to tho
Secretary's report the number OF members In full
standing is 459. A resolution was adopted liking
the commission between brokers ut l-64 anu for
persons not members OF the Board at 1-1e-vloialon
Of the rule TO work forfeiture OF membership.
GOVERNMENTS UNSETTLED
The govern m,nt Inst became quite active. and
suddenly advanced, uu Ter purchases hy the foreign
bankers, until 1t got to figures which checked the
export Of bonds, when reaction ensued and prices
LETT OF about as they mad commenced. The following
were the closing street quotations., the market being
steady: United States currency skies, lll}z a
111x do. do, 1881 registered lis a 1885, do do,
coupon ll6k 11s&; do. fve-twenties regis
tered, May and November ITO q 1l04; do. do,
1862 coupon, do, lax lis; do. do 1854, do. dO
1l3x Ia; do. do, 1865 do. do, 114sl us; do.
do, registered, January ana July. l121s a lis; do
do, 1866, coupon, do, 1l2}s Il2<; do. do. 1861
do. do, 1928 1l3; do. do, 1853, do. do, 1922. a
lI3s; do. ten-ortles registered, 1885, 1O9; do.
do, coupon, 1921 1895.
THE TREASURY BALANCES.
The following were tie Treasury balances at the
close OF business to-day:-Currency, s7.Oo0,OOo;
coin, ss4,oooOoo. or the coin balance the sum OF
$40 100000 represents outstanding coin certificates
STOCKS FEvRRIsH AND LOWER.
The stock market opened with pressure to sell
at the advanced figures OF Saturday evening. and
before the board had fully convened large decline
had taken place. AS the second BOARD was getting
together there was some disposition to accept re-
action and prices dad improve, but without becoming
strong the market turned dull Finally feeling
OF disappointment at the continued activity OF
led TO a renewal Of sales, and the market broke
down again, the closing prices being generally the
lowest OF the day. 1t seems that the banks are
taxed to their utmost TO meet the demand for money
required for remittance to Chicago. The banks
there intend resuming next Wednesday, and. while
the suggestion Is male that they should Temporarily
make their clearances with bills on New York, they
find themselves under tne necessity OF drawing on
New York for currency to supply the wants
Of popular vehicle or business. Again,
the foreign insurance companies selling
their drafts on London aud shipping cur
rency. Although the losses really paid
from London capital the money Is Just now taken
from the limited supply OF this city. Moreover,
there are numerous speculative CAPITALISTS going to
Chicago to buy for ..cash" such bargains as they
may find in real estate and business sites. Under
these circumstances the banks are giving the cold
shoulder TO borrowers on stocks, and the clique
holders OF the latter have been ransackng Exchange
place to-day for loans OF sterling bills, which they
have thrown on the market for gold and eventually
for the currency to replace the loans Withdrawn BY
the banks. These facts have again disbeariened
those who deemed the worst gone by and believed
the market capable OF a smart rally.
HIGHEST AND LOWEST PRICES.
The following table shows the highest and lowest
prices Of the princ pal stocks during the day