The New York herald., 1872-10-02
FINANCIAL and COMMERCIAL.
The Ubiquitous and MischieV-
ous Clique Again.
pROTRACTED STRINCEKCY In MONEY
The Rate on Call Rises from !
to 80 Per Cent.
THE CLOSING RATE 45 PER CENT.
Cold Advances Another One
Half Per Cent.
Cash Gold Worth One Per Cent ior
a Days Use.
-<-
Stocks Firm and Treachery in the
+ 80 Pool Suspected.
PACIFIC MAIL TOUCHES 7e.
An Active Trade in Western Union
Telegraph Shares.
The annual Meeting and Rumorcd Intended
h, Resumption Of Dividends.
Stocks Firm and Treachery in the
Pool Suspected.
PACIFIC MAIL TOUCHES 7e.
An Active Trade in Western Union
Telegraph Shares.
The hnnual Meeting and Rumored Intended
Resumption Of Dividends.
WALL STREET.

3r WALL STREET,
TUESDAY, Oct. l-6 +. M.
On 'Changc to-day cotton was in good demand
and steady. Flour was active and firm. Wheat
was active and hrmer, while corn was dull and
lower.
THE EXPORTS OF TIE WEEK.
The aggregate amount of export exclusive Of
specie) from the port OF New York for the week
fndiDe October !, 1872 was 81, 71A4ss.
THE PUBLIC DEBT.
The October statement of the public debt ie pub
ushed in another column. The reduction for the
past month has been $1O,2s7,Oo The cash in the
Sreasury is as follows Coin, 22O; currency
$500, 1913. The outstanding" COL certificates are
e25 7e2, ,760.
aempti0n further instalment OF one million OF the
three per cents, interest on which viii cease No.
vember 80.
MONEY STRINGENT.
The money market was stringent throughout the
nay, the lowest rate being per cent currency,
which was exceptional, and paid only by some "a
vOred borrowers or upon pledge OF government col
laterale. The activity increased as the afternoon
advanced until one-fourth Of per cent per day
equivalent to 90 per cent per annnm-was paid at
about quarter to three O'Clock. At three O'Clock
she rate was 316 per cent, and at twenty minutes
past three when the dealings terminated, the clos
ing rate was H per cent The stringency was lit
Oe more than the clique intended, the
QUARTER PER CENT
having probably been paid by parties who borrowed
very hastily, which, indeed, they might DO very
naturally at so late an hour. Foreign exchange
was lower and nominal, In consequence or the de-
Tangement OF both the money and the gold loan
market. The following were the closing nominal
quotations, from which deductions OF y per cent
we're made In the case of sterling for cash gold in
Immediate exchange STERLING, sixty days, CON-
asTe.al aoe& loaI g., goQa to Prlms bankers,
lo7% lo71ai do, short sight, l0sk 10sz; Paris,
sixty days, 542A Ssex; do, short sight, 5.s2h
bSlA; Prussian tnalers, 7oka 71A; Antwerp, 6.37s
? $50; Switzerland, 6.s8x o $50; Hamburg, 35 a
l5H; Amsterdam, soX q 40; Frankfort, 4OsS a 4oz:;
Bremen, 93z a e4x.
GOLD sTRoNG-114 114x.
The gold clique put the screws upon the short In.
tcrest IN the gold market, from which they with
drew and locked up at least three Millions one Of
ther checks for over So 500 900 having been traced
into the Clearing House. The designs OF the CLIQUE
were cloaked under the agency OF q broker doing
business usually for Daniel Drew, their plans en-
abling them by this means to ensnare a large
'short interest," the broker referred to having be-
come proverbial for
MISSING THE MARKET,n
selling II when 1t was purchase and buying when
1t was sale. At least the outsiders have taken
shis view OF him. and by ''coppcrlng him quote
their own curious expression whatever may be It's
Crigin for it is comparatively recent term in Wal,
street parance-have hit the market four times
out OF i've. This strategy victimlzcd the outsiders
1or once and put them at the mercy OF the clique.
VINO advanced the borrowing rate for cash gold to
Ne high one PEI cent for the days use, the price
Of gold rising at the Same time to 114h. The in
guiry f0r cash gold for use In tomorrows business
Was almost as much OF
A FEATURE
Of the last hour Of the day as the ordinary dealings
in gold as high as u per cent being bid at the hour
CT adjournment. The Sub-Treasury paid Cat
$4,000 on account of interest and 900 on account
Of redeemed fve-twentes The course OF the mar
ket ia shown in the table. -