The sun., 1873-11-08
FURRY IN WALL STREET.
LFt:i q JfVE AMOVG THn GOLD
ENCH fNGE BROH rms.



it. LH,rt Of he B1nk ~ rnoInnd'- 'd-
vance 100 thc Rae al nis'ouut- Tho UuiOn
r-H-t tUs.unuS'- Actual Condition.
Yesterday th" gold brokers went ~
,.,,l 90 i.eir n.NN- furnished Exchange und, r.
fl.t i.r.i.'l. circumstances Be.istcr Mes
s"r'''is is.' t"Nir.i an elegant walnut desk, with
n'w bu.l,.iu boards of expressive woods all
.r Iul hiu s,i's opened at lV6's, and stayed
| There Dnfd thc ucW- If the increased rate Of
d.cotnts by thc Bank of England had lts due
'doc,. Then ever, mcmber OF Ia" board seemed
t. have scented work 10y a common instinct.
The circle " steps around the fountain filed
AMI uNeriiow,d with shouting, bowling men.
II soon became apparent that there was a very
considerable "shoft" interest which had be-
come alarmed ami wore dispose 10 cover their
shorts for . l'se. The price forced up unti
II reached ~, t. aud closed al NV.
Ihe unfavorahle English sdNices hnd great
and very depressing eject ia tho Stock Ex-
change. Tho increase Of the discount rate at
first was only taken as an ndication OF the in
creasing balance of trade in favor of this coun-
try, Circumst nee IN itself hopeful Then tho
news camcwf the decline in Erie and American
securities generally, ana the market responded
Wiih tumble ui from two t. thrco per cent. IL
"a ~ l,,n..r 1t WIS idcnt that the Bank Of
IT. -'And lad bcc1 steadily
RAISING 1itE RATES
t"in.lc ~. vast aggregation of Americ1n socuri-
ffn- broad Hu article of commerce tntt Will
cuIif, .iur at aluostany lime tn restore 10 her.
,.,ied that tLrae tl,oua,ud rp it,uns nf Arsri-
can stocks and bonds are owned abroad. lhey
cisht ncr cont. viii. + Lr',s s"e,,riti1. hrd,
l. average four rer cent. Elsy money there has
four rcr cent. viii which to carry Amcriean
.ccattit-, thus masking two per cont. profit uU
upn"Wtu rdpl.ai' ie shares ana bonds Of mI
-uch Siocniat"is Will bo torced upon the malket
itf' cor t'sN -iUpcd hero dttcct Tor realization.
Nn' considerable purtipn so sent hithcr would
trc .tu' tnus about Hn outu lw of specie he
l'lIl NtIftII tflf
a''.. d, .t,.f .,..'.. .t.. i.t e., ,nI,o,i',r,,
N1".'''... H t'Nil n.o,,L1 , .i '.nt, Il;
been Do p.u,.i .i.-.tt.r tuc pGrir.c II hol-iciine
uu'o. .u.- rlrr.l % .u.ItI .iaro-. ouui,ic-4 an
c,a--tIa'. '..H iu Ni,,,,f tie iact tii Ie.. thtr "a
iI',,ir, ir, ~ "n'',t NV 49,. ' '' w..
W.u,tewN ir l-' icpr,--cl
iar Cover 'f- Commute t.cf az o'rlnDk
~ Ni.''..s a. ~ fn' ir tI c.t, %. , a. i,
~ r...,l,,i L,, fb. ,.,n,,,.,tt.. ,,
4 k"2t from TIE public u.,.l .n.4 4l,..ato ,ho
1ne Directors Of the Union rri.' .i.in,
arr To- meet tod Y and re-. ftlf,.l. ,.i.u. D. ~
iIsf of nicer. Tbe unf,vor,bi fri,,,
Guy hi ne ia,t strtement oi the rec ~ ha- in
winch Is said to he accurate IN all particulass
MR.. wr'LrY's STATEMENT.
CoMANY oF NV YoHk % nRonM ~, COR.
OF TIE Union lrut COMPANY, anisapprehcns on hAs
o.. we're pun aased via the iand' Of %, conf 3;
Uulou trust Company;
A's,G ,,s, M 1.i I9s,n. I,'l,ora stock
a'.,i sba, f. t,n p,,t' - ~, i 80 s,"oH'
shsIss Nyststh = oil9n ! ,iegf.pn t.ock. ....
Tsiroad stock.
l. tctire further 70 state that The srsc smount OF
~ uI. Hs..,'.. eh t,A,s hIs, anI s,cond mortsaic