, 1880-12-05
Adventures Of ss Charles Pelham
Citation the Bogus En-
glish N0bleman.
FRRs "Lordship" Is Wanted in Many
States Of the Union, and Several
=, Other Countries.
Arrival Of Fifty Mi1liono Of Coin and
:, Bullion Since the First
Of August.
Bernhardt Takes from New York
the Snug Little Sum
- . Of $eo, 900.
MONEY;MND STOCKS.
TIL: SITUATION YESTERDAY.

MONEY;MND STOCKS.
TILE SITUATION YESTERDAY.
Sp<ctat Dispatch 10 The Chicago Tribune.
NEW Yo1kK, Dec. 4.-The stock market was
given up largely to-day to the sllrewd de-
vices of the money lenders. whose adEoit
manipulation of the loan and stock 1nlrkets
befogged all the financial wise heads. The
opportunity afforded BY a bank statement
which was uncomfortable was not to be lost
Having complete control of the current street
funds, they offered down the price OF money
and bid up stocks, and in IN hour or so they
played the game vice versa. There was aia
extraordinary opposition in street circles
prevailing against the devices Of the money
lenders, but still the market declined, Us
money brokers were at sta and fearful Of
SOMETHING DREADFUL IMPENDING.
The market was, however, welded with
surprising obstinacy, a decline in some
speculatiycs reaching 2 per cent, though
there was a suspicion Of matched orders.
Corresponding tt, the upward turn given
yesterday afternoon to the general market
on the prospect of easier money, the bulls
were inclined to stitfcn prices at the OPEN
ing, Which were per cent higher than they
closed last night. The bears, who were
nervous, assisted at the bidding, and frac-
tional advances were recorded through the
list. Il decline followed ON free realixa-
tions, and the market fell into dulness, the
fluctuations either way being within the
limit of per cent Chicago & Alton and
Erie preferred led the list at the opening,
followed by Iron Mountain and the remainder
of the list except for Reading, which was
fractlonally lower The advance immedi-
ntcly after the opening was led by the Union
Pacific. The sensation after the first call in
morning was 4 heavy selling movement i'll
Reading, and the decline in that stock was
owing to the report that the deferred bold
scheme had burst up but this was subse-
nMently denieil is nccasionfns- . rally Aoas-
cfiqp UniUn and Moth western were irregular,
Erie quiet, and coal shares strong. Atnoon
stocks were generally eaiser and lower.
:. The money market became easier early on
the second call, and for while
THE MARKET RALLIED
upon the cheaper rates. The improvement
was sllort-liyed, for later money frightened
again and the whole list became heavy and
quotations dropped to the lowest figures Of
the day. There was another spasmodic up
ward turn after 2o'clock, coal shares rally
ing fractionally along with the Vanderbilts
and Grangers, and in the last hour prices
again fell, Western Union Telegraph Lead
ing. AT the close the whole list was heavy
ut or near the lowest prices OF the day, and
this notwithstanding the low rates for
money.
THE PRINCIPAL DEALINGS
Of the day were in Western Union Tele-
graph, Erie, Northwestern, Milwaukee i st.
Paul, Delaware, Lackawanna g. Western,
Twin (11fn r. Vf,ef
ern. In railroad bonds today the features
were Kansas u Texas seconds; consols,
which in the morning advanced from 72255k6 to
731H5, but in the afternoon declined to 714;
Erie seconds, which declined from 07,324 to
giants 7s which declined from ~
bus, Chicago & Indiana Central income,
which early advanced 2 per cent, to 81, but
in the afternoon fell to ST, closing at 5G155;; :;
Trust Certificates, which advanced X. to
10314, closing at l0Sls; and Chesapeake IL
Ohio currency os, which advanced to 435z. 4333zS
There was decline Of u In Mobile s. Ohio
first dehentures, Rome, Watertown & Og-
:dcusburx tirsts; e in Milwaukee & st. Paul
,(Southern Minnesota Division); u in Iron
Mountain firsts, Arkansas Branch; d lu Sec
Ouu Qie4fIicu 1uco4lCs
THE MONEY, MAEKEr TO-DAY
was decidedly less stringent than yesterday,
and there were no commissions above 1-3a Of
per cent per day plus per cent per annunl,
and good many loans were made to the
stock brokers at plain per cent, while late
in the day the article was offered at aud 4
per cent, and thereby hangs the tale Of the
fluctuations III stocks.
E.,,,1 e., fur1 rrat 1tff1a IF
noon, arid, Notwithstanding contraction of
:S7,S23 SN III lo;lns. which contribute toward a
reduction Of $13 3394 100 III deposit liabilities,
S., Isl, ,3375; below the Is per cent limit. The
items which compose the reserve show
changes OF s. G4}} 500 reduction iii specie, and
SGl,500 reduction III 1egaltender notes.
MAKING FULL ALLOWANCE
for the manipulation Of the money market
during the week for the foreign specie which
has arrived during the week, and which
shows only in; part in this statement, there is
little comfort for borrowers to be derived
from the bank figures Of to-day. A.year ago
the banks held a surplus reserve of S7,GsG,-
G75; in offer words, they were $40, 14S, $50
stronger, ill the relation Of reserve to
liabilities than they are now. The following
shows the changes. in the averages during
the week: Loans, December, 81, ,$o,S 500;
specie, December, S5,ci;;;,3G0; legal-tenucrs,
Decem5er. Gl,50o; deposits, December, Sl3,-
39ii, 39ii 400 circulation, December, Sl94.soo.
!" The Treasury to-day has obtained $4,000, Is
of $50, at S1.osH. Brokers are bidding 1o3
for the bonds, to turn into the Treasury at
s1.orS.
Foreign exchange for immediate delivery
is weak. The posted rates for prime bank
ers' sterling are $50 and 1921. The actual
rates are 47se147sA and 4so!4@+1. Cable
transfers are 4so224Gl4s114. Prime commercial
bills arc 4iU} zGe477'!3Hz. Rates are 1(WlL cents
higherfor delivery next week.
The report that the Secretary OF the Treas
ury woulu pay l03 for Us of 1880
y WAS Positively DENIED
at the Sub b-Treasury. The rumor was circu-
'latcdfot the purpose Of giving the impress
sion that Mr.. Sherman would do all III his