, 1877-08-16
DE- TELEERApIf.
NEW YORK.

To the rTtttern htsoetdttd Trftf.
EEw Tonx, Aug. 1b.-Gold opcncd at 1o5k.
nnd closed at 1o5sk, With all satcs Of the day at
these figures alternately. borrowing rates 2. 2,S,
., 81. md 4.
Silver nj London unchanged. ficrc+ silver bars
orc laai4 IN Rtcenpacks and ll7.t In gold. CoIn,
AGttt discount.
Governments closed strong.
1ialisoad bonda were higher.
State bonds werc firm. ..
There WAS more activity In tho stock market
than for several days p&ht, and strong tone pre-.
vAisei. Western Union WAS tho feature Of the
market, and the course of the atnck took many
operators BY surprise. After protEactcd session
Of the Conference Committee Of the Telegraph
Compantcs nt tho Windsor Hotel last night, an
adjournment without determining anything was
taken TIL Monday next. All Of the Joint Commit.
tcr arc retccne as to whAt actually took
place, but It Il understood that tho Atlantic
Pacific Cnmmistec was In favor of pooling earn.
ings on a basis Of ono.ffth for their Company,
while the Western Union Committee wanted eight
ninths for their company. Defora tho MARKET
opened this morning tic so.called "aca1pers"
were Offering to bet .las Tho first sale Of Western
Exchange opened. iii waa lid for stock, and tic
bidding nsicc. was raised 10 II before any stock
p ses sps ts e
-, with scarcely any reaction. There was . grcst
scramble to coyar tliort cuntracts between ID ard
animation and excitement. From il thesc was a
reaction to ~, and . recovery .o III. The re-
n,aIndcE of the 1tst advanced 4 tn Ii. with few
anu slight reactions. Tile mR.ket was lers active
during the aftcrnoon, and there WAS slight check
In upward movement bnt Just bcfore the close the
The day xeis generally 1nadr; Thy prominent fea.
Central, anil Lake Shosc. Western Union a,lyanc-
cd to ~, Rock Island 10 D11{, Michigan Central 10
4Nf;. Lake Shore to f4!i. New York Central 10
n5as, anil st. Paul pseferrcd to U31a. The ha.ancc
Of the lit was arm at the advance carly ia the tay.
Tho bulk Of trasie was IN few .tosks,, namely.
tra,, these ahsrcs calling for nj 00O out of tos
transactions Of 13B. 0DO OF which =. 1UO wore New
iurk Genttat, 81, TOO Laku shofr. 7, 400 North.
wcstert. y. 100 Hook lsland o. 100 st. FAu Z. 100
t,hfo, Q. 00D llclawarc i Nudfon Canal Aat D, 400
Delaware. tnCkawarna 4 Western.
that there was trouble brewing between Sccsetary
at the Treasury Sherman md tho : per cent loan
syndicate une side. and certain National Hanks
and prominent banking houses on tho other. II
waa h1ntgl that Mr.. Sherman, hfmself, " con.
ncctcd with The syndicate, and that as the Scsult
of breach 1T faith on tho rart of Morton, lIllss +
Co., to shesF recent associates tn tho - per rent
arm. Color was given 10 tho report by tho fact
that the per ccnt loan Is offered In Tho ol,cn
market nt price nearly per cent below tho price
at which It was subscribed far by the syndicate.
This tuakee II impossible for Secretary Sherman to
carry out at present hIs schema Of funding ths q
per- cents III 4 per cents"
lM9nsy easy l!'&s:. Primo mercantile papeF,
Trcnstisy disbursements, sl11, 900.
Customers. e11t RDn
f'earinys. ~. D0O, GOO,
Sterling dull; actual business, short, 4B5ii;