The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-04-10
WALL STREET NOTES.

THE SITUATION OF THE GOLD MARKET-Tm
CHINA DEFALcATIoN AND SOME REVELATIONS
PERTINENT THERETO.
Jopberies and juggleries are stin the order OF
the Gay. Yesterday morning the connding public
were warned as TO tue manipularons OF the Wall
street managers both as regarding gold and
stocks. me former advanced on fictitious basis
and the latter declined. In obedience TO the be-
hes;s OF the confidence operators.
IL was given out that the premium on precious
metal would be advanced ON account or the Ger
man troubles and the gravity OF these rumors
were supplemented by private dispatches. Ac-
cordIngy gold advanced TO l15L q 1l5H; the
Spanish and Cuban merchants rushed IN TO buy
and TO cover their short contracts, but were met
by blocks or long gold, and tue premium declined
TO u.s. notwithstanding despatch was received
from Europe in when IL was stated that war
clouo appeared on the peaceful horizon.
The merchants would do wen 10 look upon the
situation calmly; buy the gold they need as their
wants demand It and leave the spectators to their
devices. AS strong inclination seemed to be
prevalent TO lem the precious metal al rom two
10 four per cent 10 carry, the inference IS PLAIN
tnat the pool were out oil the market, and only
awaited the action Of the merchants 20 determine
whether they Will 90 into competition with them
again or leave the market 70 us natural tenden-
cfes.
THE CHINA DEFALcArIoN
in the Pacific Mall Company was the next subject
oil Importance considered IN Wall street. Mr..
henry Hart arrived from san Francisco by rail-.
and was cIoseted with the oiiclas 81 ne company
until iour Y. M. Mr.. scott, the managing director
or the company stated tnat Mir. Harris explana-
lions were very satisfactory, ana t1at there Was
no earthly reason TO suppose that there were any
discrepancies IN the accounts Mr. scott Iurtnel
SAID wat the accounts published by some ol the
newspapers were false ~ toto, and that the Paclnc
Mail Company had no reason 10 apprehend the
loss OF one dollar from any Of MIR. Harps oper-
atoms IN china. In connection with this matter
It may also be proper TO state that Mr.. Hart sold
the steamship New YORK TO the japanese govern
ment for S2o0,000. aud that the company were
only credited with $22S,O0O. IL IL possible tnai
the differ ence was PAID IN commissions % some
body but IN justice TO the stockholders ali THESE
matters should be made plain.
Mr.. Henry Hart was sent out 10 Japan at salary
OF $500 per month, in gold, 70 supervise the
Pacific Mail arfairs ia the East; but there was
provlso Lnat he should have twenty-five per cent
commission on all contracts made with the Japan
ese government. II IS very easy TO be seen how
advantageous contracts might be made, and MIR.
Hart and has friends receive the Oenefit OF them,
without any absolute frauds being committed; out
yet 10 might be well Tor honest stockholders 70
consider why the report or the late treasurer, Mr..
c. Z. NleDuus, was squeiched and the CANA den
c1eneies be still unexplained. Mr.. Hart'5 honesty
Is undoubted; but something Is rotten In the
state OF Denmark aud whether Panama Yields to
Pacific, or the overland roads 10 both, II VIII De
pertinent question whether the Whole estate 10
not a worthy subject Of investigation.
THE BIG BONANZA
took another DYER yesterday and went upato 12B;
but as tnere were no takers and the Old game OF
selling puts uid not induce buyers-especialy
as tue Bonanza magnates were selling the otner
Stock mATkeL-tnc SAOCk CLOSeu ~ ia. Onc VI
the la ring has sailed for Bermuda, another ~
yachting aud perhaps wnen they return tue
blonde magnate OF Panama may be Ia q humor 20
harmOnlze, but, as affairs now stand, things are
'mixedr IN Wall street. The man with the snrill
voice still frightens small SPECTATORS in the st0ch
marKet; out, ike the man VINO struck "Blly ftt
terson," nobody Is anxious 70 nnd Oul wnat ne V
nownng about.
There was q general uneasy feeling IN Wall
street circles yesterday on account or the impos.
sbinty OF lending stocks. Everybody seems 10 be
loaded down with Bonanza securities a., anu,
whether they 20 up or down there IL more money