The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1871-08-18

In the gold loan market the rates for borrowing
ranged from lie to l-6l. The operations OF the
Gold Exchange Bank were as i0llows:-
Gold cleared ACKNOWLEDGEMENTS. SS3, 10000
Gold balances. l.4Sz9sz
Currency balances. ..............-.- i''szo4l
The European steamer took out small shipment
OF specifically $4,000.
GOVERNMENTS sTRoNG-FURTHER RISE III 1915.
The government list was quite 1avorably in
uenced by the reported better prospects OF success
with the new loan. and quite sharp advance &C.
Cured In the "long'' skies Of 1881, which rose
nearly one per cent-tO lle. A comparison OF
values is more directly made between these bonds
and the new fves, Tor the reason that the maturity
of each is not less than ten years, and their
relative merits as Investments are therefore
varied by the difference In the interest
they pay The rise reached the older five-twenties
and the tenIortes, and was qllte marked through
out the list Will be seen by the following record
of the closing street prices the highest Of the
day:-Unted States currency skies, 1867. 115I;
do. 1884, registered 11SSl 1l9; do. no.. coupon,
IIszs 1l9s; do. fvetwenties, registered, May and
November, ia l14ls; do. do. 1862, coupon, do,
l14L l141s; do. d. 1864, do do, ll4s 1li5s do.
do. 1866, do do, 1l44 1l4}a: 40 do, registered,
January and July 49,. 1854 do. do, 1868, cou-
pom. do, 113A 1885, do. do, 1867, do do, 1l3A
1lSzx; do. do, 1868, DO d. l1i2. 14sS; do. ten
| torties, registered 10 llol4 do. do, coupon,
| ia a 1l4A.
STOCKS DULL-PACIFIC MAIL ACTIVE
Outside OF tie recent active speciates the stock
| market was very dull and little promise Of ANNA
tiou Is afforded until close oi the Saratoga
shall let home the throng OF dealers who have gone
| up there. The attention of the street was quite
| generally taken up with Pacific Mail, which, under
further operations OF OF tie Syndicate" advanced
to 500. and had the lock during most of the fore
1 noon of achieving mucn higher figures. But some
| thing turned up 10 mar the movement, and about
| noon strong disposition 10 sell was manifested,
| and the price turned and eventually went OF
| to 500. The street jumped 10 the con-
| clusion that the clique had decided
| on realization but the fact was controyerled, at
| least In the lower stages of the decline by heavy
purchases which could only have come from some
| organized party, so determined was the enort at
| checking the fall. One leading house, reputed to
be independent of the clique operations, disposed
OF a block OF 5000 shares IN one lot and heavy
sales were made by other prominent firms. one
| rumor had 1t that the Clique had quarrelled, and
hence The effort OF some 10 sell out IN advance OF
| their brethren The real secret OF the decline Will
| doubtless be found report from Norfolk,
| coming to one OF our insurance companies,
but at this writing six O'Clock r. NJ
lacking the confirmation OF press dispatches,
to the effect that the Henry Chauncey, one OF the
princlpal steamers OF the Pacific Mail Company,
mad taken Are of Body Island, on the coast near
the dividing line between North Carolina and Vir-
pinla and proved total loss, the passengers
barely escaping with their hives. The exclusive
knowledge OF this intelligence, n true, by inside
parties explains heavy sales or the stock to-day,
and the ignorance OF it also explains the resistance
made by the clique. Hence the comparatively
small decline OF per cent on sales OF hardly less
than 100000 shares. We refer those interested
TO our news columns, where We shall give such re-
ports as may reach during tue night.
In view of the TACT That the disaster was
fully known in NorfolS yesterday, August l6, 1t Is
singular that the facts mol telegraphed In Tune
for this mornings papers, or at --latest for the aer
noon papers OF to-day Che authority. so iar, Is
the special agent at Norfolk Tor marine Insurance
company OF this city, whose letter OF advice was re-
ceved this afternoon. the stock, after It's decline
to 5os., rallied to 81, but again became weak am
| finally closed at the lowest point OF the day. 1h'
general list sympainized with Pacific Mail so lar a
1t might in the absence OF any strong inhuehce OF
either side OF the account, and after steady an'
stropv market most of the forenoon settled down
the close Il =, per cent the prominent exception
being made bv st, Paul Wabash and " essern Union