, 1873-07-21
WALL STREET.,

Another Corner in rto-Gnr1n0n
linnl<crB tho N1cntt ami Er0nt TAcrc-
0f-Ehe Produce ss,lu esoiA N11lrtkutH.
Special Dispateh tn Tho Cht:ngn Tribune.
NEW YoRK, July 10.-Tllero wan n double SON
aation In Wall stroot to-day. No sooner Ind Tho
flnanciors recovered from HurprfHo at tho full
urc OF tho Brooklyn Trust Company aud the de-
falcation Of Mills, tho Proadont than tho shorts
wero aBtoniBhod at tho sudden advance OF ERIC
stock. It ran up in short tno from 6Ss6
to G5l1o, finally closing at o.. Tho agitation
md advance arc duo to tho n1antpulasionH OF
large banking -housos supposed TO DO acting in
tho interest Of tho Dlschofallom party, mud who
having loaned 1argo amounts when the stock
was dull, arc now forcing up tho prico
by calling in tho loans. Tho domand
is purely speculative. jay Gould,
who IL largely short. expects $4,000
sha1cs by tho next steamer, with which lie may
coyor in part aud again doproaB prices. 1t is
generally believed TINT another struggle In Eric
Is Mt hand, in which Gould may eilifer. Tho
short Interest,", outside Of doulds operations, is
very large, but much Of Il vas tlllod
sders T ey st asnSn tic reess so Of o.s oan no b.
sustained. AB long aa Goulds shares arc to ar-
rive they will check tho movement for tho pros-
ont There is q tendency to advance Union
Pacifc. In which, snco tho death OF Clark,
the connecting liuoH Of lia roads. Wabash
is strong, md tho tendency Is to advance. A
largo speculative limo in tho West Is being do
veloped. Northwestern advanced l per cent.
Ohio e. Mississippi was strong, but not active.
waa arnaer until o'clock, whom 1t fell off to 116.
The carrying ratio WAS 81, 8, and 2 por cont.
Tho specie shirmonts to Europe for the woek
woro hftoen and half millions.
The bank statement shows decrease Of $2-
100000 resorye.
PRODUCE.
Flour was steady, with good demand for
was brisls at yesterdays quotations. and with m
upward tendency. Corn Was SHADE tlrmor.
Onta wore unchanged and in moderate demand.
fTo The Assocfated Prass.l
THE CORNER IN EnrC.
New YonK, July 10-Erio stock has boon cor
ncrod hero by three German banking houses.
Tho price advanced rapidly to OK. with, pcr
cont per day paid for its uao. Mr.. Drow ia said
to be tho sufferer. Tho prco has now fallen to
831 with e por cent per day for uAo. It is aup.-
posed that the corner will bc protected until
about "Wednesday, when arrivala Of stock by tho
European steamer will probably ds5ipato it.
There is Homo talk Of making the stock worth
por cont per day, but this looks unlikely.
Tho Now York Post Gays that Drow, iuntond Of
being q sufferer by tho riso in Eric, really en-
gineorod the corner, and TINT Jay Gould las no
interest in tue present movement. Noticing TINT
probably expecting to DO hblo to mako good
their delivery to-dny, Drew, it is aaid, quietly
bought al tho Btoch offered, amounting to 10, 600
shares. Sellers will not ho ab!o to produce thoir
stock until the arrival Of tho Liverpool steamer.
Tho Post, in its 1ntest edition, contratllcts ta
statement, ruado earlier III tho dag, that Drew
manipulated tho coraer in ERIC, and saya: It is
very vol understood TINT nenrly NIL the stock is
the recent election there has bcen disposition
to sell stock on tho part Of tho English holders,