The New York herald., 1873-10-21
FINANCIAL and COMMERCIAL
A Dull and Irregular Market
in Stocks.
PR EVALENT UMORS.
Brokers at Work On an I'm
aginary Basis.
Conservatism All I'm
portant.
M O N f Y H A = i f R
M O N Z Y f A = E R .
Greenbacks Flowing In and a
Better Feeling Manifest.
GOLD STEADY.
Railroad and Government
Bonds Firm.
WALL STREET,

WALL STREET, I
MONDAY. Oct 20-6 p. M.
Wall street to-day was like puppet show. 1t
only required somebody to pull the strings and the
players danced In the absence Of facts, rumors
were made to serve as well; ana all the weakness,
all the suspicion, all the datribe and abuse that
frantic men could boil down into possible false
hood were made use of to create basis for specu-
lation which, in the end, only amounted to one or
two per cent
THE CHIEF FEATURE OF THE DAY
was the announcement of the failure OF Kimber,
Vivian & Co., Of London, a small house. t0lerably
well known, however, in New York, who have been
specuating on the 'shortn side OF Erie Being
called upon for settlement by those on whose &C
count they have been doing business here, they
failed to respond and reported themselves in "tem-
porary trouble" The extent OF their liabilities in
this country are said not to exceed f35, 900. The
inability to nquidate involved the name Of
well known Broad street firm; but the latter ex-
press themselves as perfectly secure, inasmuch as
the loss Is not one OF principal, only OF profits not
yet collected. To guard against possible results,
however, the American house referred to have
despatched member of their firm abroad to the
end that he may take such steps as may be neces.
sary under
THE ENGLISH LAW
to obtain all the advantage derivable from divf-
sion of property, or. If essential to the i'm
prisonment OF the defaulter in Newgate. This,
therefore, though made much Of is no cause for
alarm. Other rumors were in circulation towards
the close OF the day, having for their object
"break" in the stock market, but the yielding was
Slight and those who gave credence to the reports
only did so at the expense oil future disappoint-
ment There has been nothing, indeed, in the
situation to-day based on actual fact which war
rants decline. We have already suggested that
the programme for some time to come, and we re-
peat that whatever is heard on the street must be
taken cum granO salts. The "bears'' are en-
deavoring to command the field, and, be-
cause lively short interest prevails, they
are hopeful OF success; out the "bull' interest is
yet strong, controls large amount OF stock, and
will not easily succumb to the spasmodic assaults
In contemplation. AS has been said before, we
look for vibratory and reacti0nary market. 1t
must, however, depend on something more sub
Etantal than the id.e rum0rs OF day or the mere
fancy shots OF a score or two OF spectators. Gable
dispatches were wanting to-day in consequence Of
the storm, until late hour, the result Of which
was doubt and an uncertain market. We do not
choose to detail for the benefit Of this class the
other OF operators the statements manufactured
for speculative purposes, or to mention the names
OF companies and institutions brought up as VIC
Tins OF the hour. The weakness Of Wall street
can be imagined when 1t IS compelled TO resort to
ignominious means, written all over with deceit,
In order to accomplish its cheap purposes.
THE MONEY MARKET
20 day was easier. Loans are being made to first
class brokers at per cent currency with dividend
paying stocks as security, although the character
OF the individual is just now OF more Importance
than his. collaterals. The movement from the
banks is also freer and there is larger encourage
tba oifu fiov rtn dou ctnc
the beginning Of the crisis. Foreign exchange is
quoted at 106 1861 for bankers, 60 days. ster-
ling and 107H 10s for sight. Sight bills are
scarce. Greenbacks are quoted at to u
premium over certified checks. The banks
however, are distributing greenbacks in pref
erence to their own currency, being unwill-
ing to 'pool" the former in the Clearing House.
One will also find considerable amount OF silver
being distributed in the way of change" but it is
q noteworthy fact that it is eagerly sought and
laid aside. Even silver is still so scarce as to be
an object OF curiosity.
THE FOREIGN MARKET.
The amount OF bullion withdrawn from the Bank
OF England to-day balance was f25.Ooo. The
rate for money at the stock Exchange, on govern
ment securities, is per cent; for three months
bills 7-16c., or 9-16c. below the bank rate. United
States i've twenty bonds, 1865, old, 934c.; ten
forties, 91Hc. Paris dispatches quote rentes at
IS francs 80 centmes. Erie SSKc. a 3SIc.
GOVERNMENT BONDS.
In the later dealings government bonds were
nrmer and more active. They are still held in
check, however by the uncertainty which at
taches to the price OF gold We quote United
States skies, 1881, registered, 1925 ITO; do do
1881, coupon, 1l1s< 1l2h; do. fve-twenties, 1882
coupon, 1o54; do. do, 1854, do, LOG; do. do.
1885, do, 107; do. do, 1896, do new, 1O911 1lo;
do. do., 1867, do, 1l1z 112k do do, 1868, do.
11lX 112 do tenorties, registered, 1903; do. do,
coupon, 1867; do. nves, 1881, coupon, 1868 107;
six per cent bonds Pacific Railroad, 1osH.
THE GOLD MARKET
to-day presented no unusual feature. The prices
ranged from 1os to 1851. the following being the