The sun., 1872-01-16
FINANCIAL AND coMaERCfdL.

MoNpIY Jan. 15-P. M.-The Wall street TX
changes, II measured by the volume OF business w
ordinary times wson the outside puoc ae active
spectators lave presented to-day but few features
worthy OF special comment, and the entire interest
was confined to the nuctsations Of few shares in
the ratwav market. Prices at the opening started
o0 strong at advance OF about v cent, but tie
speculative dealings light and the whole mar
kct tetrn ed the development OF clique manipula-
ton. Aud may here add, that the entire absence
ot OUTSIDE support was never more marked than at
the present. md the leaders seem satisfied to con
tuct this campaign on an entirely local basis.
We should be more sanguine, II the dar
ling uub'icm al been counted in-but as
the entire movement for the past four or six
weeSs has been successfully engineered without
this heretofore regarded important element OF sue.
cess, the whole operations dwndle into " scoop
ing process" OF the street. the sequel Of which will
constitute an interesting episode In the history OF
stock operations Tho great feature OF to-day was
the corner in the Northwestern preferred stock.
which was employed TO assist the rise In the CON
mon, and which advanced from 7lH to 73X, with
arp covering Of the short interest The chief
manipulators OF the Nortbwesterns have Tor some
uue been RECOGNIZED ~ Henry Snith Daniel Drew,
and Rufus Hatch and IL u saii tbat this conoina-
lion are also working Lake Shore ond Western
Union Telegraph, although the hohon have been
generally accredited To the Bunker and Schell
| party engineering the two last named
\ short time since tins trunvirate. II ~ sad. DIS
'or their Frankfort and Ans,eriim cor, soon isrts
both the Northwestern common AMI ureisrrsi
stocks during the panic succeeding the thica 90 con-
nnrauon had been selling these securities for the
same account, and hal ordered the stock returned
\ ny steamers about four weeks ago. saes were
made tt 80 days. 0ut the adverse winds have latcN
ntorfcrci With ocean navigation, and the stock has
| consequently not arrived IN tine to meet the de-
| iyrrN requirements. This tact became apparent
SATURDAY. aud TODAY aoout 5000 shares were lled
N, Which caused quite nu1ter among the shorts,
| or the use OF borrowed stock until to.
| morrow-whilo late negotiations were effected ut
| ~ z cent. Tue great question since o'clock has
| yeru, whether the corner has terminated Will
| to-day; ami between the bulls aud bears on tins
| otmer estimate hat tl3 OOo OF the preferred
| stock l. held IN Germany ana Holland, and s1OOO
purchased Tor permanent investment 81 900 0JO OF
| Ntch Is con'rolled by the nte bsnrJ hrep estate,
and tnat the short intcrest Is large Snc cauEot be
covered except At rise while the Germans assert
| that toe worst u over and tat all talk about an
| uncovered interest OF 80 900 shares is quite in.
probable. We sHa see but mean Nhile the contest
| sil be watched with great interest. We have
alluded to the street gossip thus iu detail to explain
| What to-day would seem " ne \ departure among
| course in Western Union, Like Saorc. ana any
other stocks IN which the peculiar condition OF the
| warrant corner" Rocs island wa. also a lea.
| ture, and Western Union. Lake : lure Uuion Pa
e,nc, and Pacific Msil attr.cts cpnsiderable
attention. New York CeuirAl. De-, Realing,
| Ohios. Wabash, u.nulbIl and d. t.h Nuts AOt
important thouIh ST. Pau PIE tuc' VA more
active at au advance to sl1i
/
| cal circle. over mot Ivr bll 'Or us rcsuAption VI
specie p..yme"ts onsred ~ ,angr.ss Dy the IIon
Freeman Clarke, hut no inil1eLce Nas eHerted over
| lny Of tue markets. We understand tnat bill Is
iow Oeihs prepared Tor cunsi i,iauon b. tue same
| chyctatNe bOdy, whici VIII iruelI. = tht ter
cttsln dae a., tides a., taIs poTt -aal eOb aud how
a. s,a ed Intervals, witlout re. ct 10 na ur.l laws
| THEORY tnat In oityr g. .,u'hs specie ssyuent,
We have oniy to ivsuue,' "I,i a. tta'iy th'et Toe
oue aa the othet.
| Tle god market has pre-eu,ei no icaturr o. spe.
cial sisuihcance although t.ers were additional
rumors ttom Masnin-t ton wnicn favored q r,cosui.
uon oi the 1e'hgtrcnt isA's ol Tue Cuoan parrots
aud a. the day advanced thyre was rise In tie pre-
MUM based upon TINS report. fne opening nrice
Nas lOs3i. a'ier which itN tie- AZ ~ we're re-.
corted.tuOugh subsequently better ieehng UerVauel
toe operations irO % cause above ahulei 10. and
lOJ,. was necly paid Toward the close oi de
| m-s, business bcraWc qu'.e uonI"n', and the maj
| u.Lsacuuus Stte rr-ls....I .ti.- lliJ Oy..,-
tors experience htc. ol"telt' ih ,.e-u siJ ca
.nusi .sm ~ the market, aa lac '-sr's'', o''1
| has been -utl
In ,ae eold lo4n market tue rate, I.la o., Lsf.rs
balance. caIriei wcrr 5. 1, I, aal n cent 40
| dn's business AZ TIE GOA IL 'hau-s b.u- N..:
cold Cleared. f1i o5dOOl; gold ualanc', SIAN ,3l,
aud currency balance tlJdl, ,iol, lhe ho. r.c,iJ's
al tie u -frelsuiy TO-DAY we're tlOJ 51l 9ii-
ments, $sSsl2l ~; and gold balance, SOS N5ul! go
| The currency receipts amounted 20 slJ9JJt.l3:
u-ymcnts t3A4163J; ana currency balance, -, !JJ,-
go lG. lLe Cus.ons receipts were S5a5UuU. l"o
| lrcasury las paid out in com to-day On account oi
the January interest S1jJ,OJJ. wn,en mikes total
since Jan. ut sll,O4O'OO Iherc.a' AisJ Ue.n pl,
huised (2lOOO i'r te reAe nptoI OF the oa,lr $3.50
bonds, "mch, ~lth previous ga'meH's s1Act Dec. i,
1he following re the principal ql' a.. 's Of -old
10 4. NJ. lUst. l Nj. .......lG pm. ...lOgk
4OJ 4. M....lus- ;lj 4. NJ ....v1 Ilas PAlO-is bit
| Foreign exchange mas been steady at lU9t. AlUgA
| 'or prale bankers Co DAYS bills, aui lusk .aoTt
| sghl The business was hsht
| The money market ru'el cutie easy durng the
morning At col v cent to stock firms ap
proved collateral, ami also 10 Government dealers.
general feeling OF buoYaGey began to cOntrOl the
general dealings, and tIt leading speculative stocks
| were decidedly better. but IN tue afternoon ana
| toward tie close OF oank hours 1rmeT tone
| became apparent. until 81 Of y cent.
| commissions was freely bid, and negotiations
| ut ~ f. NJ. were MADE at ths rate
| to p cent , gold. Tms sudden change iTom ease
| 20 strngency was purely artificial, and was accom-
| plisned by some OF the German brokers IN rctalia.
| lion tor tie sharp rates eXIctcd for the use OF
Northwestern preferred stock, already alluded to.
| In the discount market there WAS more business,
patton OF less than the legal rate becoming the stand
| ard. Puue commercial paper passed at 1909 q
cent, but all grades are carefully scrutiuzsd amt Ony
"gltelged' commaniR favor among even capitalists,
though names less known are offered at 25ls u Ct.
| Tne Government bond market has been Uull,
| though quite steady throughout the day There
was but little bus tue early Board, though
| the noon ca developed more trade aud the hnal
dealings were quite respectable IN amount aud
| az slight advance over the morning quotation
FMS Wa partially duo % the better prices ot gold,
and there MAS, al the close also, qul', au uVest.
ment demand, which had not been anucipaci, tho
larger dea ings we're observed m So Of lSl, 1903
new" ls61s currency Gs, 10 4Os, registered, aid
also 1863. luero Was IA the ato trade more noted
10 ls62s
=. NJ;
ma AIod mo- A't,d
.