The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1873-09-06

NEW YORK. Sept. s. Mornino.-M Money at Der
cent Gold at 1l5l Sterling Exchange, long, at
107l; do short 10S.
NEW YORK. Sept. 5-Eyeatna-Tbe settlement
of the Geneva award by Great Britain and the final
payment by France to Germany on account of the
war indemnity occurred to- day, The final payment
on account OF the Geneva award 81 100000, of
which $3.50 $40 was paid in called bonds and the bal
ance in gold These two i'm uortant events attracted
much attentionn financial circles to-day. Sterling
Exchange tirmer and CHER at 1913 for 60 days and
1859 for sight. Custom receipts to-day S4i3OO0.-
Gold weak and feverish. declining from 1l55 a 1145
amid considerable excitement. II is said Gould has
been fee seller Of Gold all the eek and that he
will lock up Money by retiring the currency pro-
ceeis; loans We're from q Ter cent. for carving
O0O000. The Asst. Treasurer disbursed SlGO UO0
There was considerable excitement on Broad street
to-day in consequence of The decline in Gold 1t was
remarked that the parties who have been bulng the
Gold market for some time past had given no their
tactics: The decline Of | per cent. since yesterday
would indicate that the bottom has fallen out of the
Gold tub. Early to-day the market began to exhibit
a weakness and dropped down TO l14s. The street
has been ed with runners relating the inability of
leading bears to their engagements II is stat
ed thai nearly every house that has clio ely con-
nected with The leaders in the bull market viii lie
hopelessly ruined. The leadingsbanks viii, h Ihaye
been backing the bulls have deserted them and are
now trying TO secure themselves.
Money was active all day at "a per cent. Gold
with sudden jump the close of the banks 20
116, but of Vanderbilts brokers offering to loan
$500, 900 on New York Central, Lake shore or Wes-
tern Uniou at per cent; the price broke down and
Money was freely offered at per cent. without apy
demand. Governments weak and lower in sympa-
thy with Cold The asking prices were higher than
those offered and the dealings in consequence were
small. State bon is nominal There has been great
weakness to-day in what is known as Gould Stock.
viz: st. Paul, which declined a Il per cent. re-
specially for preferred and common; Hannibal &
ST. Joseph which fell off 81 per cent. and Northwes-
tern common, which declined per cent. 1t is ru-
mored that the Gould party is in trouble that Goud
has transferred his erty to his wife, and that the
Northwestern common clique are quarreliug. Ru-
mors were circulated of the failure of a leading oper-
ator in Stocks and Gold but nothing positive could
be learned in re erence to the report Other stocks
were comparatively steady.
money article states that Jay Gould is an the
short side of almost everything the active list Of
Stocks and paI ticulary in Western Union which he
has sold speeulatively to an enormous extent He
would have been cornered this stock long ago had
ii not been for his connection wi the late Horace
F. Clarke, and during his life time availed himself of
that gentiemans connection with the company tc
know the reserved stocks bel lngng TO he com and
thereby make good his deliveries. Now how, YER th.
day OF settlement is approaching and tom this
borrowed stock must be returned to the cOmpany in
order TO meet ITS contracts Jay Gould has been bor-
rowing stock from various parties and is now seek
ing to make up the balance covering his shorts INIT
before doing SO he seeks to break up the market and
hence his raids of yesterday and to-day should he
cover, whether the market is in normal condition
ne would have to pay heavy penalty in the form OF
loss in raiding upon the stocks to-day He has sold
everything on the list. not sparing his long and
hence the decline in Hannibal and St. Joseph North
western and st. Paul. The break in Western Union
has not been very great because that stock has been
vigorously sustained by the Vanderbilt brokers' and
only broke to 90a, from which there was sharp e.
action. The ability of Vanderbilt to take xii Inc
Western Union that Gould dare sell is unquesroned
but whether tn, Commodore will 10 SO Is anot or
question The short inte est of Gould will be greatly
increased by this movement Tomorrow and next
week may expect the bulls turn upon himself If
Gould should fail to return the borrowed stock to-
morrow. There will doubtless be considerable ex-
element in the vicinity Of the Stock Exchange