, 1872-11-24
The Stock Ex>eiteme1 ,t~--Th:e
Corner on Nol"thwes, tern
-~-:-' CANNON. y
lay Gould Arrested at the lRsta ace O
His Old Partner, Smith. ::
Review Of the Financial and =1com-
mercial Mark cts.

flowing South and West. Gold ahi p1n' ants have
been stopped by the decline in foreit n exchange.
Some borrowers supplied themselves y borrow
ing bills Of exchange Oh London agan lst couat-
eral.
The insurance companies haze CONN aenced to
pay the Boston losses and this has nah 1rally af-
1ected the money market. It is estia 'ated the
total amount Of insurance on the bosp IL purHs
district WAS s48, 100000, Of Whlca9 T. leaa5
city comnanies having agencies here. Money
m cal] hae fucFrafad fror, z to gh per, cent per
annum 1rbicb S1nraa axn1ain clearly: The fuc-
tuatinp couraa ~ tha money market dt ring the
week Thara ia a. canera1 impression that no
permanent relief will come until the ret urn no"
Of currency sets in and the January lso1Tse-
ments take place. The foreign e1ehan ses nave
been generally weak.
been on more extended scale, and the two e1-
tremes 112M and ia. Cash gold has been
scarce and dear ut intervals. -.
Some of the fluctuations on the stoc Z ~,
change have been vide and violent, the sAlAe1
closing at an advance.
The bank statement is again unfavorab!e*
The Wall street markets to-day opened 'Iatd -
great excitement. There was q rush Of tne
opening on the report Of those short, to COY gl,
and tho general market became strong. ne
Northwestern t'corner," which primarily caua e9
the com1notion, is still kept up. 1t is reporh''o
that q good many short contracts in Nor1u-
western were privately settled last night on 3
pas's OF i2s, ana tnaE other Pa1va1e a
+" About p. m- the excitement in northwestern
increased, Vice President Mitchell buying IN
Northwestern common stock under the RUE 1or
SeRo Tp to Of % o f sha9es D %ers bouh
200; 100 shares at LIS, and 1900 shares at 2oo,
Kenyon, Cox l. Co. having been defaulters IN
these contracts. AL the stock was sold by
Howard Lapealey, Ihe E3cnange closeu p9GanR Nnl1h
y So O'CLOCK; !ho entlre amount r. y. Nornn rrIs
was 6,4o0 shares, at prices ranging
from 1856 to 230, the defa1ltlng on contracts
kzyiug been by brokers who usually 40
business for Daniel Drt'w- Only small Il part OF
tae remainder being allowed to stand over r. Tor
private settlements, vi ich may be made before
Monday. The bulls are enforcing their terms ms
OF IN conditional SUITE nder. The enure A5]
closed firm at the advan e.
Vary f,av journals her. are yerdant enough to
claim that Jay Gonld's 9, TEST has been maoe N
playing OF trump ct I'd BY the Wall street
= bears" notWith9tandi1 g which, they gre lslng
of Erie, his business partner was Henry N;
Smith. When 1'ould's Peculatlons turnea OUT
we'll he pocketed the PIT tlts, and, Wnen he 4ost,
he charged it up t. the Erie Railroad. In ortter
counts co % wero % iept IN PEI ;uliar manner, only the
naniel Drew a few no atha ago, gave Gould
and Smith squeeze in E. lie, and they resolved
to hayo on him asa Mhno aod fae
three months have been rampant, enemies.
Gould went over into Fanderbilt's party,
which is noT gixim ,,xostsr11 aeath tnn,mn4 mug
%oR tns Sn8s Tbsy as sold hort about
thousand Bhares OF Northwe stern at IS, which
to-day reached $50. Smith Threatened Gould
with arrest unless he eaaed up ,no corner, nas
thsasaors aeqd va s a1sEnas has a. o
operations IN Efaes chartnng M ~ m!.h esea
about ten millions: smi!th Tn I'D doubtless take
it all back II Gould would reiea 80 n1s s4oL. T.
teIest i1om chancery tN.n W. w ynr Sra,.
Colossal 8a1nolets tnat IN ~ that ,;,htan.e .o
neauuues, IT. 4ast, Meai "? s .ibseo 1
9ad iT a.t III ane ~ rdea on IN Wi.
EIe. Gouas atfess r. & vas ae el'c conar md ~ -
street, IN ofaer TO oteaS the ~ Goanel, au -
a. aact appearance '0-oA II naA hao A'4' opf'''''
aoSEE ,u,,on AL,
vas stringent during the mornl ng, When cell
loans we're made as hieh as q per dte".; nn1, u
the afternoon an eaaet 1eeng %97anea ee e., anu
Foreign exchange closed quiet anoa STEADY.
!, GOLD: :,o
: The gold market Was heavy and lower, rang
'g rom Ia5Ss eghlla%. h ,oa ~a.,, b,,+ c,,f,oa ::
'0oee1AueAs po1uo ~opeAoo "o@0a wv e4o''eu
DRY GOODS
- tn dry goods trade YES, Vas MODE s4teiy active
early IN the week, nut closed up with 3 Tery
quiet ceiling. At the opening ther Q was fair
attenda nee OF the New England trade, which
previous n1aa t. the n etao n ba neen
mado only small bills in each
case, thous the aggregate was gu 70 respectable
in amount. Inc dema%a ~ Rae 1iom tne SO naysrs was
for the pun pose o1 helping nP aaeortme2ts.
Some Boston cioth1efs nave u Mse been IN 1h1s
market, and purchased modsrat amounts Of
woollena In osh s wooen M and aG meste 1 fsbcs
there is firm Il 'enng, tae natufa4 1esolt OF the
large destruction OF goods. ,u 49,.
The boot and 81 zoe tEaae 5 nus ason cen generay
quiet, and bills ha 'e peen sman 5st.a N amount.
Prices have not n. stehany enantse1, although
both hides and leatho. hase advhnoea-
The Shipping and ,eonani4e:rcaa1 ,4:r I 1st says:
"Ihe tea trade has ,. e% qtsaEsEs 4haaa m to IN
porters this year. most ~ oe1r ahen ~ ving ans-
tanned an average Joss s o has q - .an a;n1gg
~ tu cenaz PEI Roanu ,nrchasr in n, many