The New York herald., 1875-09-11

over II and saw the paternal advice, 'skin them all
you can. "
Sidney H. Conkn testified to having gone on a voy-
age of discovery for the parties who recommended
Walters and Gould for places the police and failed
10 find half OF them
The committee then adjourned TILL Tuesday, Septem-
Der ID.
FINANCIAL AND COMMERCIAL.
Stocks Unsettled and Prices
Lower.
Western Union and the An
glO-American Cable.
GOLD ADVANCED TO III.
Money in Demand at 3 and Per Cent--Gov-
ernment Bonds Strong Foreign
Exchange Feverish.
GOLD ADVANCED TO III.
WALL STREET,

FRIDAY, Sept 1O-6P. NJ
The rag money tendency of the Pennsylvania DEM
Dcratic Convention coupled with the yet unsettled con-
aition of affairs in California, not without its
influence upon the gold market to-day. This, added
to the high rates demanded for the use of the
modify and evident scarcity of the same, caused
sharp advance from 1157S to III. The strength, how
ever, but temporary and at the close there was
decline Of u per cent Whether the present market be
the result of manipulation of natural causes many
persons confidently looking forward TO a period
when much higher prices will rule, and who
loresee also corresponding rise for the time being in
nearly all classes OF property Their argument that
the ocalled poverty OF the country has blinded the
judgment of the masses and made the latter willing
victims to the demagogues who have raised the cry OF
"More money" and that nine-tenhs of the public men
who are preaching the doctrines of imitation are
themselves deeply in debt and way of escape
from by the issue of greenbacks and the
consequent reopenng of speculation such as we had
before the panic wherein these unfortunaes reap
the benefit of higher prices or in other words eat the
corn and leave their dupes TO hold the cob.
Among other causes assigned tor the advance of gold is
the presence of several Caornans who said to be
purchasing San Francisco account The rates paid
for borrowing 16, 3-32 u, 3-16 "a and sic of
per cent per diem. The closing rate 4 per
cent The operations of the Gold Exchange Bank
rs follows:-
OPERATIONS OF THE GOLD EXCHANGE BANK.
currency balances. L964, OLA
Gross cearances. az, 492, 600
CLEARING HOUSE STATEMENT.
currency exchanges W JOS
currency oannceS. 20,SZl
GoG exchanges 3ZI2 23l
0olu palanceS o9o,ooI
THE FOREIGN EXCHANGES
affected by the sudden changes in the gold market
q cd ona m no
day actual business was done low as rs for bankers
sixty days. sterling and s3 for demand but later the
quotations on the street were 4. so and 4S4. CONNER
cal bills quoted low as A. rs. 1t is proper to
state that all rates more or less nominal in the pres
ent condition of the loan market in the Gold Room. 1t
was rumored and generally believed for a while that the
low rates of exchange had induced importation OF
gold from England, but we learn good authority that
nothing of the kind has occurred is likely
at present
MAIKEr.
Considerable activity was shown Erie Lake Shore,
Northwest, Western Union and Pacific Mail, and the
sales of the day amounted to 15s 900 shares. In Erie
1t SAID that of the bankers who bought the
ascending scale found themselves tripped by the
favorable prices of Exchange and consequently to-day
threw overheard their stocks, which caused decline
from 19Z to 1874. Mr. Russell Sage is also accredited
with large sales for the purpose Of realizing profits
The Western Union directors to-day held meeting, at
which partial statement presented by the Presi-
dent, showing net profits for the quarter of about
5000 00O The increase of business is said be salts
factory thsanding competition and lower rates.
The usual quart ry dividend of per declared
payable October 10. The transfer books for the dvi
dcnd and the annual election Will be closed on Sep
tember 20. The Anglo American cable to-day an
nounced reduction of rates from 30 cents to
Is cents per word, fact which is accepted
as an indication that the corporation proposes to
anticipate competition from another source This
shange will be welcomed by the public The price OF
Western Union during the day recedcd from 81 to 1914
The close being made Mt So Lake Shore sold from 57H
down to 56%, and has good deal of company on the
short side Panama from 139 al. Pacific Mail sold
at 3S4 375S 37A, ending at the last named figure
Northwest common sold at 4016 39JS; the preferred
stock closed at 541S after sales 54 ST. Paul sold
S6ss SO, ending at 361S do preferred at 631 os1
Ohio and Mississippi was steady at 1919 1914 Union
Pacific firm at 1914 1874 other changes amounted
only to e or d per cent, and will be found recorded
elsewhere.
OPENING, HIGHEST AND LOWEST PRICES.
The follownr table shows he onenino bighaet and