Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1873-09-27

GOO. Gold was active and higher, the price
ranging from I'LL to 114a and closing at
ia. Some Canadian and other bankers
holding gold exscted high rates for its use
to-day, and two prominent short sellers
were at once forced into the market as Dor
rowerss bat they refused the severe charges,
which caused temporary hitch in clearings
and 1t was feared the days busioess would
have to go over, but .clearings were finally
made, much to the relief Of all. The ad-
vance in gold Is partly duo to purchases by
those who are distrustfnl Of the present con-
dition of affairs, and are locking up gold in
consequence. At the opening gold loans
were made fat and at 2, and i per cent
for carrying, but afterwards borrowers paid
the following for use: [32, 1-16, !, !, and
) per cent. Late in the day the rate fell TO
per cent and then 10 fiat; at the very close
per eeut was paid for carrying. The
clearing were "a millions. The Assistant
Treasurer disbdrsed $4,000.
There are no quotations for governments.
The banks. cleared early and IN good shape
this morning; their relative condition is I'M
changed and they are pursuing the same
course as earlier In the week IN reference to
the treatment Of checks. The Loan Com
missioner of the Clearing House has issued
loan certificates up TO nearly $4,000, 900,
the amount authorized. The Stock Ex-
change continues closed, and the governing
Committee this morning decided that "a
hoDrs notice would be given before opening.
It is hoped the bulk of contracts on Friday
and Saturday last will be settled before the
Exchange is opened. The "a hours notice
iDsures the closing of the Exchange the
rest of this week, as the governing Com
mittee do not meet again till half past ten
O'Clock tomorrow morning. This will give
longer opportunity for future settlements
of outstanding contracts. A long step has
been gained in that direction, large num-
Der of the prominent houses In the street
having effected settlements, and as each day
closes, more and more contracts are settled
up. If all can be thus arranged, the open
ing of the Exchange will result in no fur
ther disaster or trouble.
The governing board Of the Stock Ex-
change met al 3 O'Clock this afternoon to
receive the report of the committee ap-
pointed for the clearance Of stocks. After
some discussion the report was referred
back TO the COMMITTEES and the board adj
journed TIL tomorrow, 10 A. NJ. 1t is
stated on the street that the acceptance OF
the report is delayed, because it is rumored
that jay Gould and Vanderbilt are efecting
settlements which will clear the market OF
large blocks Of stock and so enable the
Exchange to open without fear Of rush
under the rule. .
As usual, there was very small business
n stocks. Prices were lower in some cases,
but as all the parties have the matter in their
own hands, very little dependence can be
placed on the quotations that are given for
what they are worth. The following are
the latest prices for stocks current among
the crowd of miscellaneous operators in he
street: New York Central and Hudson S7aa
bid, IS asked; Erie 4S649; Lake Shore 6S
639; Northwestern 40d4t; Rock Island
S3684; Pacific Mail 29690; St. Paul 81
asked, Preferred 50 asked; Ohios 253626f;
Western Union 551; Wabash 416413;
Union Pacific 18a619; Harlem lO56107.