The New York herald., 1872-09-19
parties who had made an error or oversight In the
calculation OF their balances. For
MrRCA ANTIIE PAPER


calculation Of their balances. For
MERCANTILE PAPER
there Is as yet no reliable quotation, owing to the
condition OF the call loan market. Foreign ex-
change continued unsettled, although nominay
quoted lOS for prime sixty day and 100 for sight
sterling bills, the concessions from these rates Tor
cash transactions being In direct proportion TO the
rates for the use Of gold In the loan market Thus
prime sixty day sterling sold at one time at ss low
as 107, and later In the day was quoted lO7h
l07x when the rate for the use Of gold had changed
by the corresponding 0nehalf per cent The ex-
porting merchants have been throughout the past
two DAYS unhappy spectators Of the dOings In Wall
street. their interests having suffered most acutely
from
THE GOLD "CORNER."
The gold market opened at 1l4X, but fell of
gradually to ia, with simultaneous disclosure OF
weakness on the part of the clique, who found the
demand for cash gold supplied from some outside
and mysterious source. They had meantime put
the borrowing rate up to as high as per cent for
the day, or. in other words compelled some Of the
''shorts' to pay as much as 500 currency for the
of each 900 gold requisite to their deliveries
The highest quotation on ,.
MERsEREAU's BOOK
was only e per cent, owing to q rule Of the Board
which forblds the recording Of transaction after
others have gone upon tho register. From this
extreme there was relaxation to "1at" or no
interest, and, In an exceptional instance, small
consideration was paid for carrying The clique
had meantime put gold back to 1143S but 1t again
declined this time to l13N and closed finally at Ia
The discontinue Of the cllquo In their operations
In money and gold was only partially offset by the
easier terms on which they procured their Erie
The story circulated at the close that they did
not intend to bid for s3.
THE GOVERNMENT GOLD
tomorrow, for the reason may be, that they wish
Mr.. Boutwell, to know how much the mercantile
interest Is really In need OF gold, and how much OF
the 'sh0rt" interest In the market is of purely
speculative character. On che other hand, 1t was
conjectured that by keeping away from the sub
Treasury they would reduce the amount OF bids,
and thus not only encourage the short interest to
persevere in the speculation for Decline but draw
less amount OF gold into the street. Whatever
their real design, they appear to have determined
at late hour to-day to renew their efforts to
"corner" both gold and money, and with this view
they have begun
LOOKING UP GREENBACKs.
and gold. Two OF the leading members OF the
clique engaged q carriage this afternoon and be-
tween two and three O'Clock went around to the
banks and demanded and obtained greenbacks for
the certified checks which had come to them In the
way OF business and which represented the cash
capital of the pool From the Bank OF the State they
drew out about 100000 In greenbacks and carried
the notes away with them. At one bank they pre-
sented a check for gold, and, being requested to
call again for 1t In little WHILE said 1t would be
all the same to them II the bank would keep the
GOLD ON DEPOSIT
against the check. II Is not known what amount
was thus locked up in greenbacks and coin, but
the action Of the clique was rumorcd about the
o,d ha6 thn ~ ctop
market in the closing dealings of the day and
making smart reaction from the strength which
prevailed upon the easy termination Of the rates
for money. The wide fluctuations Of the past two
days have occasoned the suspension Of two firms
viz, Farnham, Gilbert Co., OF Wall street. and How
ard, Wins Il Co., Of Nassau street. They were both
'1ong" Of stocks and were unable to follow the de-
cline In the market. D
THE VANDERBILT POOL
supported their favorte stocks throughout the
worst OF the contest, and Union Pacific was even
advanced to 40, while c. y. and ]. G. was lifted back
to 36 "corner' in the former If not in the latter
being promised as among the possibilities of the
future. The advance in Union Pacific was assisted
by rumor that negotiations are pending for its
consolidation with the Central Pacific Railroad. In
the decline this morning Harlem sold ut 109H, New
Jersey Central at 1927 and Panama at 126 In
l12 and closed at 111%. The Second Avenue Rail.
road Company have declared q quarterly dividend
Of So q share, payable October 10, the transfers
closing September 80.
GOVERNMENTS FEvERIsn, CLOSING STRONG.
The government bond market was feverish and
during the early boards weak, with decline Of u
per cent in prices taking the range OF the seve-
raj gold and currency issues. The CTS sold at 112X
and the currency skies at ll17s. But with the pur
chase Of three millions Of bonds by the Treasury
and the relaxation in money at the close there was
sudden rebound, and prices not only recovered all
they had lost but gained trine besides. The fol-
lowing were the closing quotations limited States
currency sixcs, 111S 112h; do. do, 1881, regis
tered 1888 1875 do. do do, coupon, lis 115s;
do. fyetwenties, registered, May and November,
ll3A ia; do do, 1862 coupon, do, 1l3 a114 do.
do, 1884, do do 113A ia; do. do 1865 do do. ia
1l4h; do dO.. 1867, registered. January and July,
1l24 1l3; do. do, 1866, coupon do, 112A 113;
do do, 1s07 DO. do, 1l31s lI34; do do 1868, CO.
do, 113A 1131; do. ten-fortes, registered, 1917
a 1o7al; do. do, coupon, 1o7h 107l; do. fves Of
1881, registered, Ill q 1l1k; do do. do, coupon
Ill O 111A.
DECLINE IN THE STATE BONDS.
The Southern State bonds were lower to the ex-
tent of about per cent for the leading features
of the market, the decline being unattended by any
business. The following quotations, which most
ly nominal, were made at the close Tennessee ex
coupon, 20 II; do. new, 10 Il; Virginia, ex
coupon, As Al; do. registered stock, old,
81 40; do skies, consolidated bonds, so
5lH; do sixes deferred scrip, 15% II; Georgia
skies, 10 rs; do. sevens So a s9 North Carolina,
ex coupon, 80 "a; do. to North Carolina Railroad
As Al; do. funding, 1859, "a o 26; do. do.,
1868, 21 %; do, new, 2oX a %; do, special
tax, IL ID; Missouri sixes 91 ae2; do. Hannibal
and st. Joseph, 81 a 81; Louisiana skies, SO q 5s;
do, new, As 55; do, evee skies, so 20; do. do.
eights 10 IS; do do eights, 1885, 10 so;
Alabama fves. 55 So; do. e,ghts, SO q Sc; South
Carolina skies, 45 IS; do, new, January and July,
22K %; do. do, April and October, % "a;
Arkansas skies, funded, Al a 55
THE CITY BANK STOCKS.
The following were the bids for the city bank