New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-11-24
WHOLE NUMBER 1926.

steady. Gold 1923 Oils. Governments
closed firm. States dull and firm.
Heavy snow throughout the North last
| night.
All the morning papers agree that Jay
Gonld,s arrest was planned to affect tenn
porarily Erie stock.
Mr.. Wilson, president of Erie, asserts,
| however, that stock jobbing operations
have nothing to do with it, Large crowds
| gathered around the Fifth Avenue Hotel.
Inc general opinion was that Gould's arrest
had not checkmated his scheme.
Inc Northwest speculation was the great
feature in Wall street to-day, although
there was less excitement than was gener-
ally anticipated. During the greater part
! of the day the price of the stock ranged
from l45 to l55. 1t is reported that set
Elements to the amount of $l000O0O we're
made ut from par to 1875. At the board in
the afternoon 5000 shares were bought in
under rule for the account of Kenyon, Cox
& Co, with whom Daniel Drew is part
ner at 200 cash, and 5000 shares for ac-
count of Boyd Vincent & Co., success
sors to David Groesback, at 230 cash
Quite number of settlements were made
between 200 and 230, the latter being the
closing price Of the day.
During the week cotton has been strong
and higher. Sales for the week reached
l27 $40 bales, of which llG, $50 were for fu-
ture delivery, and go on spot and to
arrive; exporters took 1923, spinners COLL,
speculation rs, and 600 were in transit.
Arrangements were made at Castle Gar
den to-day for sending the destitute Italians
to Wards island, where employment will
be furnished them.
Two thousand dollars have been sub
scribed here and remitted by cable for the
sufferers by the Danish inundation.
Henry II. Smith absolutely refused to
settle, and not share of stock was bought
in for his account. Vanderbilt is supposed
to be at the back of Gould, from the fact
that his son-in-law, Horace f. Clarke, is ono
Of the bOndsmen in the Erie suit. 1t is
known that Smith is short of the stock to
an amount exceeding 10000 shares, and
Drew in a similar position as regards up
ward of 10000 shares.
The money market was stringent during
the morning, when call loans were made as
high as Is p diem, but in the afternoon an
easier feeling prevailed, and the rates were
gold to 1872 p diem.
The foreign exchange market closed quiet
and steady at l08ls a I08A Tor prime bank
erB' sixty days. Sterling 1929 for sight.
Gold has been very irregular at 1928 a
1888; closed at Il23S Glib Loans were at
first ls for use, then to for carrying, then
fat to 1h for use, then 3 to for carrying.
CIearings of the Gold Exchange Bank ST.
S26 200.
The assistant treasurer paid out to-day
$332 600 on account of interest, and $4,000
in redemption of five twenty bonds.
The custom receipts for the week were
$2,ll4,l87, and the coin interest disburse-
ments $l,408,439.
The government bond market was weak
at the opening, and tirmer at close.
The Herald has the following special: r.
w. Taylor, first controller, has refused to
allow an advance of $4,000 asked for by
the United States marshal at New Orleans,
special deputies to assist the supervisors to.
witness the counting, }ot the votes, and has
informed the marshal that funds for that
purpose have already been sent, and that
he is now a debtor nearly equal to his Off
cial bond, and that no further advances will
be made until full explanation is given Of
his expenditures.