New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-11-10
WALL STREET LESS EXCITED.


UNCERTAINTY IN REGARD 10 the ACTION or THE
BANK OF ENGLAND-THE RUMoRED SAILS OF
SILVER BY THE GERMAN GOVERNMENT.
A calmer feeling characterized operations on
the Stock Exchange Saturday morning, the advices
from London indicating that disaster had occurred
There was apprecable advance IN securities, from
TO "a per cent the general list In ETC there was ID
exceptional advance per cent from the closing quo
talioEs Of the previous evening THIS was que W Tue
action OF number OF German operators VINO
were "loug" OF nearly all the stocks in this
market, which they had loaned ont TO the BEARS Dnt
by preconccrted they called in the whole number
Of loaned shares and the " bears being Obliged 10
make their deliveries, were compelled to borrow the
stock and pay premium OF per cent Tor us use, OF
bny the stock Many the latter course, and thus
forced the price up from 80 10 l04 amid no little ANNA
too. Later in The day. however, the price reacted 10
81 more unsettled feeling prevailed at the close OF
business owing to private kilograms from London,
which presaged increase IN the Bank OF
England rate OF discount 10 10 per cent,
ana the probable suspension of the Bank aet.
In accordance with the directions OF the Governing
Committee the fooying resolutions read at the
hr,t session of the New-York Stock Exchange:
Whereas On Saturday, Sept 90 A. ID. Williams a. Co,
members OF TN, Exchange, OVerdtcW their account TT
the Bank Of North Amenca 10 The extent Of tOOoO ana
Jared 10 make good the same on the day OF the over
draft, ana under tho apprehension that thc Dahh was
insoycn retained ia tlcr possession the securities
obtained Dy the certified cheeks constituting sara over
draft, aud took steps 10 secure Inc DahhiOnduct on
the part of Williams Co. toward snch Dihk whOIy uh-
mstlndbio destructive their credit ana SHOCKING
that confidence which must exist between lhaliIu
tiOns aud business IN order to conduct INC business
transacted III the stock Exchange ana
NHerc0s, The evidence taken by the speciai COMMIT
Zee appointed investigate the case shows that on the
Monday and Tuesday foiiOwlng inns iiasae .lol' WI
~ CO. settled with the bank TO the satisfaction Of
its officers, ,,,.
& Co. az any intention 10 defraU. II hereby expresses
its unqualified condemnation OF their conduct.
The Committee on Reorganization OF the Union Trust
Company held private session OF Saturday but ad
ionrned until to-day without iparung amy OF the details
of their transactions
TN, uoyFR.uENT NOT A PURCHASER OF GEEnAN
SILVER.
WASHINGTON, Nov. 8, tG13.-Thc cable dis
match OF Saturday. announcing that the German Min
ser of Finance had decided TO sell 20Oo06o0 thaers 10
The L. s. Government, which the highest bidder, IS
iucorrect The Treasury Department aware that the
German Government has that OF old silver coin
called and superseded by its gold coinage and
that il may he obtained by anybody seeking IL at
t1in rate int the department made Offer for this
sale any other manner. The report had plansi-
lie look Gen. Spinner, u s. Treasurer, said yoster-
day that Germany mad aDOuJ Sl5OOOO0 oi our bonds,
more than s00O0010 of which had been purchased "Jnln
a fortnight, and the 20000000 or tbalers would aD0n
equal the value Of the bonds Tho story pr0naDiy
originated from the fact that the chief OF the Assay
Office III Eew.YOrk while here other business,
brought proposition from s0me bullion brokers IN mat
city 10 sell the Government the silver above named,
they knowing the 10 could be purchased Tor, ana
Ihey could sell 40 the rate OF al l23per standard
ounce a handsome profit could he maze secretary
Richardson answered mat ne haa 10 autnodity, anu
there need for the SILVER, as our domestic
supply equal 10 the demand. SILVER mas no hhtd
value hCrc god j. the only standard M this country
ANA he Pree OF silver II hAed W inc supply al" "e