The New York Herald Newspaper, November 24, 1872, Page 6

FINANCIAL AND COMMERCIAL, Maintenance of the “Corner” in Northwestern. THE STOCK CLOSES AT 23 as are A Day of Settlement with the Little “Bears.” The Wealthy <‘Shorts” Refuse the Offer of a Compromise. AGONY OF DANIEL DREW. That “Bad Boy,” Jay Gould, Does Him Out of Over Half a Million Dollars. DAMIEL A POORER, BUT WISER, MAN, The Scenes and Excitement at the Stock Exchange and in Wall Street. JAY GOULD RISES TO EXPLAIN. Opinions and Statements of Other Leading Operators. A Smart Advance and a Subsequent Reaction in the General Stock List. A BAD BANK STATEMENT. eS SS Money Stringent and Gold Weak and Lower— Government Bonds “Off” with Gold— A Rise in Missouri Sixes. WALL STREET, } Saturpay, Nov. 23—6 I, M. On 'Change to-day cotton was in moderately fair demand and firmer, but not quotably higher, ‘iour was steady, Wheat was more active and easy, and corn was lower. TUE IMPORTS OF THE WEEK. The total imports of foreign goods at this port during the past week were $6,625,579, made up of $1,420,000 of dry goods and $5 merchandise. The amount of dry goods marketed during the week was $1,270,451. THE COLTON MOVEMENT. The receipts of cotton at all ports for the past | bales the Septem- for the ein Week were 118,505 bales, against 110,610 previous Week. The total receipts s ber 1, 1872, are 1,000,946 bales, against same pe year, showing an inc the pre crop of 286,672 bales. The trom ali the ports tor the wees were 77,409 baies. aguinst 52,425 last year. The total exports for the expir portion of ext the porgs is date in 1871. THE BANK STATE The weekly statement of the associated banks is anfavorable, owing chiefly toa decrease of about A million and a halt of specie, the loss of which is attributable to the locking up of coin by the pool | inthe gold market. A loss of $800,000 legal ten. dera, i8 net so easily explained, because the do- mestic exchanges have ruled in javor of New York and considerable amounts of greenbacks>} From this | fact, and the dismemberment and dissolution of | have been sent here from the West. the gold pool by the “corner” in Northwestern Stock, it is Jairly inferred that the statement is | made on rismmg averages, and that the banks are Yeally much better off than represented. There is small contraction ot loans and a decrease in de- “posits of nearly five millions, the latter being the result, doubtless, of the LOCKING UP OPERATIONS “above referred to. The statement compares with its predecessor of last week as follows :— Nov, 16. Nov, 28, Loans.. + $276,933,000 464,200 Specie. + 13,590,200 12,101,200 Circulation, + 27,509,300 76,800 Deposits... 204,524,600 199,851,800 Legal tenders... . 73 45,899,300 The changes being in detail as follows :— Decrease in loans. $468, 7 Decrease in specie 1,489,000 Decrease in circula 22,500 Decrease in deposits. 1,873,000 Decrease in legal ten An analysis of the statement shows that the surplus reserve of the banks now stands at $1,193,400-—a decrease since the previous week of $1,007,425, GOLD WEAK—113%; A 112%, The price of gold opened at 112%, quite a decline a3 compared with the average of the previous day, the weakness of the market being due to the general distrust of the ability of the clique to save themselves from the demoralizing influences of their failure both in stocks and gold. But the Clique retained vitality enough to give cash gold nother “squeeze,” and by advancing the rate for its use until Monday to + per cent they caused a pudden upward turn in gold to 113%. As soon, however, as they had suppiied the last “bear” with gold for his deliveries, and found themselves unable to maintain the lending rate on the borrow- tng side of the account, gold broke to 112%, rallied to 113 and closed at 112%. The Sub-Treasury paid but $232,000 on account of interest and $9,000 on ac- count of RED EBMED FIVB-TWENTIES. ‘The specie shipment was $58,267, all silver. The course of the Market is shown inthe following table :— ui 1P.M.. is’ 2% +. Ua% 112% a 113 22 ga: In the gold loan market “the rates ranged irom Y per cent for carrying to 3 per cent (to Monday) for borrowing. The operations of the Gold Ex- $178,262,000 + 8,686,080 4,643,914 THE SPECIE MOVEMENT. ‘The total export of specie during the week was $232,624, all silver. The exports of specie compare 88 follows :— Total for the week... Previously reported i Total since January 1, 1872. Same time 1871.. 58,600,676 Same time 1870., + 50,220,347 Same time 1809. e+ 30,318,901 Same time 1868.. “ +++ 69,001,862 THE RAILROAD BONDS. The follewing were the bids for the ratlroad bonds :— Han & St Jo, Ig. Han & StJo, con & W ist = Det, Mon & Tot bis. Bull & kre new bds. Szzezro ea =F es lest #2 blot ++ fz c York & N # loxt, H & Cedar ¥ & Minn Lstm.. ee THE CITY BANK STOCKS. The following were the bids for the city bank shares:—Manhattan, 152; Merchants, 116; Mechan- jes’, 183; America, 148; City, 250; Phenix, 101; Merchants’ Exchange, 86; State of New York, 107; Meroanttle, 186; American Exchange, 109%¢; Irving, 126; Citizens, 135; East River, 115; Marine, 165; Commonweaith, 83; Manufacturers and Merchants’, 100; New York National Exchange, 97; Fourth National, 111; Tenth National, 86; Oriental, 170; Gold Exchange, 108; Bankers aad Brokers’ Asso- ciation, 80. MONEY STRINGENT. ‘The money market was stringent, and the rate on call ranged from 7 per cent, gold, to 3g per cent (to Monday) “and interest.” The market relaxed 489 of general | rts | the cotton year are 450,745 | bules, against 835,116 last year. The stock at all | 23 bules, against 460,813 for same | alter two o'clock, but became stringent again be- fore three o'clock, the closing quotation being 1-16 a 46, equivalent in reality to 1-32 a 1-16, owing to the rate being paid for the two days to Monday, Mer- cantile paper was neglected and without quote- tion, Foreign exchange was steady on the basis of 108% for prime bankers’ sixty-day sterling and ‘NO for sight bills, The London market was steady for consols and American securities, Erie being ex- ceptionally weak and nearly two por cent jower. STOCKS FEVERISH AND 8TRONG—NORTUWESTERN CLOSES AT 230, The central figure oi tue situation in the stock market was Northwestern, which opened at 156, as against 200, the closing price of the previous day, the stock having been first offered at 150 by the brokers of the pool. in pursuance of @ policy of basing settlements on that quotation. As may be fancied, the sales of the day were mostly for the Pool, although a great deal of “long” stock came out of the hands of lucky ‘‘outsiders” who had left it with their brokers without specilying a price for its disposal, and stories of individual fortunes made in the great rise in Northwestern are a8 plenty a8 usual in such periods of EXTRAORDINARY SPECULATION. The fluctuations during the greater part of the day and up to within a quarter of three o'clock were confined to the limit of 140 a 165, although a good many odd lots came out upon the market at straggling figures all the way down to 100. The fuct was generally understoo! that the pool were willing to settle with the “bears’ at 160, and this figure was accepted by all the smaller operators who were short in amounts ranging from one hun- dred up to five hundred or even a thousand shares, Indeed it is kunown that where some of the smaller houses of the street were UNABLE TO COMPROMISE on this basis the pool let them off for such an amount of money as they could pay without bank- ruptey—a piece of generosity not unmixed with orner” would have been much less efectual had the pool drawn down upon their scheme the dangers of a general panic and its in- evitable accompaniment, an excessively stringent money market. Like the model family doctor, | who moderates his charges according to his es- | timate of his patients’ means, the pool regulated their demands upon the “shorts’ according to the pecuniary strength of the latter, Hence the asper- ity with which they “WENT FOR’ DANIEL DREW Jate in the day, after a protracted series of efforts to get that gentleman up to the captain’s office, during which he had proposed, it is said, a settle- ment at 125, and had offered his check for fue dif- ference, crying aa he tendered it, “There, boys, there's the cash you've stolen from me. [hope it will do you good.” But the “boys” reiused to settle except on their own terms, and the old man | went back to his basement, where he BEMOANED HIS BAD LUCK aud postponed the settlement, hoping, doubtless, for some turn of good fortune like that which saved yearsago when he was almost as badly cor- a by Billy Marston. Still, as time and tide wait for uo man, and as a quarter past two o'clock had passed and gone without a delivery of the stuck he was bound to return, his creditors went to the board and had 6,400 shares bought in for the account of the brokers acting for him. The pool, meantime, had made settlements with quite a number of the leading “ bears,” and the stock, as said, had hung in the vicinity of 150, But now the forcing of Daniel Drew to a settlement caused A FURTHER ENORMOUS RISE. The first vroker to demand his rights was S. W. Boocock, who presented his grievances to the President of the Board, and that officer in turn proceeded to buyin the stock ‘under the rule.’ ‘The first one hundred shares cost 155. The bids were then advanced without a sale until 199% was reached, when two thousand shares were obtained, the transaction being concluded with the purchase of thirteen’ hundred shares at 200, The next house to DEMAND REDRESS was that of Wiltam Heath & Co. to whom Boyd Vincent & Co. were in default to the extent of three thousand shares. It is only fair to say that Boyd, Vincent & Co. entered a protest against the transaction and claimed that the absent stock had been loaned to Daniel Drew by Heath & Co. and had been simply passed through their office. The pro- test did not arrest the purchase ‘‘under the rule” and the three thousand shares were oought in as follows:—l00 at 199, 100 at 200, 500 at 202, 500 at 206, 300 at 212, 500 at 220, 500 at 225, 100 at 229 and 400 at 230, This was THE FINAL SALE OF NORTHWESTERN, for the Chairman, consulting his watch, found it was ,three o'clock, the hour of adjournment, and the gong thereupon ushered out the crowd into the street. Meantime the general market had been feverish, with some wide fluctuations, It opened weak, owing to the fear of a panic to tollow the anticipated failures in Northwestern, but rallied almost immediately and became very strong on ascare among the shorts all over the street, to whose excited vision there opened up the possibility of @ Northwestern “corner” for each of them. About midday there was a reaction, and still later a rally again, ” THE BANK STATEMENT produced a discouraging effect once more, and the market at the close, while retaining an average of nearly one per cent of the day’s rise, was dull and heavy. The exceptionally weak features were Wabash and Erie, both being in ill favor on account of the plight of thetr chief patron, Daniel Drew, Erie being depressed by the further influence of the decline in London. SOUTHERN SBOURITIES. ‘The Southern State bonds were generally steady, ‘The leading feature was a sudden rise in Missouri mxes to 95%. The Tennessees sold at 76. The market otherwise was quiet and dull. HIGHEST AND LOWEST PRICES. ‘The following table shews the highest and lowest prices of the principal stocks during the day :— ier. York Central. St. Paul preferred... Ohio and Mississippi. 44% Union Pacific.. . 34 1 85% In Philadelphia to-day, Reading was strong and advanced to 116. GOVERNMENTS LOWER. Government bonds were lower with the decline in gold, and steady, closing a8 follows :—United States currency sixes, 11344 a 113%; do, do., 1881, registered, 11534 @ 115%; 40. do., coupon, 116% & 116%; do. five-twentied, registered, May and No- vember, 112% @ 112%; 40, a0., 1862, coupon do., 119% 8 112%; dO, Go., 1864, do. do, 119% 6 112% ; Ao. do. 1666, 0, G0., 119% 0 IMRT Gh 49.. 1067. registered, January and July, 114% a 115; do. do., 1865, Coupon, do., 114% a 115; do. do., 1867, do, 115 & 1154; do. do, 1868, do, do,, 114% a 115; do. ten-forties, registered, 107% @ 108; do. do., coupon, 107% a 108; do. fives of 1881, registered, 1005; a 110; do. do, do., coupon, 10034 a 110, AROUND “ STREET.” re : ri Another Gvand Field Day Among the Bails and Bears—‘Settling Up”—The Story of Yesterday’s Fluctuations— Immense Losses and Immense Gains. Yesterday was another eventful field’ day on the street, The corner in Northwestern, thanks to the genius of its organizers, was well maintained, and although there were sales in the neighvorhood of 160—a fifty per cent fall from the highest quotations attained—this was undoubtedly due, not so much to the want of power to carry things higher, as to the fears of its chief engineers that if they pushed their triumph ‘too mercilessly their de.tors wouid, as the slang of the street goes, “PAIL ON THEM,” and thus give them, after all, but a barren vic- tory—the taurels of conquest without any of its substantial fruits. And this was certainly the only Teagon for moderation, for in Wali street there are no humane considerations introduced into war- fare, such a8 obtain In the tented fleld, Ail peters can, upon occasion, display some faint sign’ Magnanimity and generosity, and accord to a fallen foe terms short of ABSOLUTE RUIN. But on the street, if it were possible, a Mnancial victor would push his advantage until he had stripped his antagonist of nia last cent, and even of bis last shirt. The only mercy granted ia shown from purely prudential motives. And in this con- nection it is well to remember that a story 1s going round the street that one of the worsted combatants inthe present struggle deciared only afew days ago that he would soon reduce one of his antagonista to such a low ebb of resources that “he would have to earn his living by going round the streets witha MONKRBY AND AN ORGAN, and that he would have to beg even them from his friends.” But it 1s ag weil in finance as in politica, todo your bragging and shouting after and not before a victory, and, asthe event has proved in this instance, the man who was to have been ruined has succeeded in making one of the most BRILLIANT AND SUCCESSFUL STROKES offinanciering strategy on record in the annals of Wall street—and largely at the expense of his over- confident rival. All day, wherever you went on the street, you heard nothing but questions and rumors about Tt CORNER. “What's she at now?” would be the first saluta- tion, and the reply would invariably refer to Northwest, which was clearly and unmistakeably the one centre of interest for everybody, whether they happened to be directly interested in it pecuniarily or happily otherwise. The scare, how- ever, that prevaiied during the latter hours of the ‘previous day had given place, evenin the minds of the losers, to a feeling of despairing resigna- tion, There was, evideaty, no way out of the dilemma but to “step up to the Captain's office and settie,”’ and, with many an inward sigh and many @ smothered curse at their ill luck, @ great many of them forthwith made up their minds to accept the inevitable. In the broker's offices and wherever, in hotels and-restaurants apd newspaper offices, there was an indicator, the STOCK TAPE was eagerly scanned, and as the figures were ner- vously ticked down in black and white, there con- stantly arose murmurs ol surprise Or apprenension. The fluctuations were indeed sufticiently violent to be Interesting even to the most stolid of specta- tors. Five per cent was the lowest jump either one way or the other, and that js certainly enough to stir the pulse even ol the oldest of meer. Wheu before, at any rate since Black Friday, have there been seen such sudden and terrific changes in vaine? Men's minds were, however, somewhad steadied by the GENERAL STEADINESS of the rest of the market, for except in Northwest there was almost a conildent tene of feeling. One of the funniest featwres in the “corner” was to hear people congratulating themselves that they had “only lost’ so much; indeed, the happiest man to be met on the street yesterday was a broker who had three or four days ago solda couple of hundred shares of Northwest short, but had given up the struggle at the tirst advance and had gracefully accepted a loss of a thousand dollars or thereabouts. Yesterday this gentleman was in the most CBBERFUL SeTRiTs | imaginable, and before he expiained the situation to you you might perhaps have imagined that in- stead of being a toser he had made a good-sized fortune. Kscape from ruin is, peritaps, alter all, under such circumstances as keen a pleasure as brilliant success, Aman looks back and remem- bers what might have been his fate, and his petty defeat sinks into insignificance and ceases lenger to trouble him. There were, at any rate, very many such cases yesterday, as there probably always will be in such seasons of general logs and ruin. Early in the afternoon RUMORS began to fy around the street that some of the principal losers by the corner had finally deter- mained to close up their accounts at any terms that they could procure, and the story went on further to detail how the brokers of the Victors were “RAKING IN THE SPOILS” by the armful. This subsequently proved to be ia many cases entirely true; but the price was still Kept up at the same ruinous figures for the benefit of certain REFRACTORY CHARACTERS, who obstinately refused to yield. The result of this was that the stock closed at 230—thirty per cent higher than last night. These high 8, however, were due to some heavy forced purc! 3 “ander the rule.”” Tt is needless to say that all day the only trans- Spear im the stock were of this mature. NEW YORK HERALD, SUNDAY, NOVEMBER 24, 1872—QUADRUPLE SHEET. with the exception of Northwestern, and when ‘thet measenger Ler. from Court. the news that granted the order of arrest, they commenced a fearful onslaught on Northwestern, thinking everything was all right, nd ig a6 to break v As ai of cou: sary result my stocks would the market, 1 8 pal cover these short sales @t.a large profit. HERALD RePREsRNTATIVE—How did you act when you found the tura things had takon ? Jay Gourp—I reef stood my ground and took all they wanted (o sell ArRALD RBPRESENTATIVE—Hew do you think Uncte Daniel has come out of this little Nutter in Northwestern, Did he cover all his shorts to-day ? Jay CouLD—I do not think he did cover them all. When the bear cl found did not work they made @ scramble to get back their stock, and as there was no stock to se this man@uvre re- sulted in the quick jump the stock took. When I leit Wail street to go up to the Sheriff's office to give my bail the stock was at 105, and when I got there & meascnger told me it was 160. Mr. Drew, probably, has covered half his shorts, HERALD REPRESRNTATIVE—Is it true that Mr. qravers is numbered among the shorn lambs of the 00) Jay Gou.n—Yes, he stepped up to the captain's office and aettied. His alee made at 90 will proba- bly cover about 166. KRALD RePRESBNTATIVE—How Will the smaller operators get out? This sudden rise will probably break-some of them, will it not? Jay Gourp—No, | have not allowed one to break; I settled with them acco HERALD Ttve—They daid | street this afternoon that Honey Sanith had not yet up’’ was the order of the day, and nota share was sold, probably, on speculation. At the close of business it seemed to be, however, the general impression that the worst of the business Was over and that the engineers of the corner had already “scooped in’ the greater of their profits. As to the amount o1 the money thus made there was ged deal of discussion, bat everyone agreed that it would be something in seven fig- ures; and to small losers there was, of course, abundance of expressions of sympathy and con- dolence, which usually took the accustomed form ‘The fortune of war, my boy. Better luck next ! Such was the story of yesterday's business on the street, A TALK WITH JAY GOULD. What He Says in His Defence—How He Baffled the Bears. A HERALD reporter, yesterday, while the ‘“‘North- west" excitement was at its ight, met Mr. Jay Gould in Broad street, and the following delightful conversation ensued :— “Mr. Gould, I presume?” “Yes, sir. What can I dofor yout” “Mr. Gould, Iam anxious to ask you some ques- tions about the present excitement in stocks. I am a representative of the HERALD.” “Well, I do not care about being interviewed and I have no time now, but you can come up to my house this evening, if you think it worth your while.’’” After thanking Mr. Gould for his courtesy the HB&RALD representative left the speculating region and in the evening paid a visit to Mr. Gonid at his residence on Fifth avenue. He found the success- full Bull in his study surrounded by papers, which he, however, immediately laid aside and the fol- lowing conversation ensued :— HBRALD REPRESENTATIVE—Well, Mr. Gould, you appear to have been making things pretty lively in the stock market daring the past few days. Jay GouLp—I do not know that Ihave. I have not done aaything myself to make it lively. It is simply @ bear panic, HERALD REeEPReSENTATIVE—Were there many in this bear clique, or was it only a pool made up by two or three large operators? Jay GovuLD—There were probably about four or five operators. HERALD REPRESENTATIVE—Who Were they? Jay GouLD—I think there were Daniel Drew, W. B. Duncan, Henry Smith, Travers and that party. They were largely short of stocks at the time of the Boston fre, and then expecting that it would turn out like Chicago, increased their shorts at the low prices made on the Monday morning. They them appear to have been offended because Mr. Schell, Mr. Horace F. Clark and myself went on the oj ition tack to prevent a panic; and, as a dernier ressort, they got up these legal proceed- i programme being to get excessive bail ve me arrested in the die of the day, pani ain gl tions of the street are always bet on as I was rather considered the i ir of the “bull” movement, calcu- lated sugh action would create a panic in HERALD R&PBESENTATIVE—HOW was the afreat |- Ji ‘GovLy—tt that on the tng ther had boon wdilng "be whole” eoarkse short rding to their ability to Pay, 80 a8 not to interfere with their credit or t! usiness, 4 REPRESENTA’ down the tempt to cover his shorts; is that so, JAY Gooty-No; he has not covered ret, and MMe a HERALD Rep! ‘aTIvE—Is there trath in that story, taat Honey Smith owes you a grudge for bulling the market one daring his 18, and Jeaune him to cover his shorts the best way Jay Goury—There is not much truth in tc, Mr, Smith was largely short of Pacific Mail a short ago. snd Was caught in that fix by Mr. Stock- intended to run the stock up on ings 8 return for lawsuit that Smith then had I was in a posi- ya ine Lea ong gratitude ‘has been fully shown in the events that have trans- pired during the past tew a HERALD REPRESENTATIV! suppose confidence is pretty generally restored now, 80 that there is yar Couto bh ye the bears had to OL , Yes; a8 800D a8 are beat a retreat that saved a H&RALD RePReseNTATIVe—What were the total losses of the bear party in the whole campaign ¢ Jay GouLp—They will foot up pretty close to twenty millions, The HxkaLD's representative then seeing that ie two past days, after than! him jor his courtesy, retired. ef HENRY N. SMITH. es ote See How the ‘Gireat Bear” was Sought Out, and How He Was Seem and Yet Not Seen—He Feels ‘‘Happy” and is Ready for Another Fight. It is quite needless to say that Mr. Smith, like the immortal Brooks, was very much “wanted” yes- terday. It is eqnally true, Judging from all the indications tuat could be taken for reliable, that most of those who wanted Mr. Smith were sadly in want themselves of that peace of mind which they do say surpasses all things here on earth, at least outside of Wall street. And they were many, very many, who succeeded in secing him, and a great many more who did not succeed, and who went away in no gentile mood in consequence, Mr. Smith came down town very early. In fact, it is said that that ‘was no great feat on his part, masmuch as he did not go to bed at al the night before, and this ts given on the authority of one of his friends, who stuck to him during the day with all that affection a postage stamp manifests for an envelope when it is made to stick, despite everything to the contrary, whether it likes to stick or not. Those who did see him had to send in their cards one by one, except, of course, the few who, being part of THE CREW OF THE BOAT of which he was captain, had @ sort of inalienable right to be within the commander's call. They looked, it must be said, rather heavy about the eyelids, did these few, and it was suggested by more than one observer that they, too, had been keeping their vigils long into the morning. It was after twelve of the Trinity church clock belore the last caller—who was not denied admit- tance to the inner chamber where Mr. Smith, in the body, was supposed to be agitating his plans and probabilities concerning the shaki- ness of the “northwestern” portion of Wall street— managed to pass safely within the three different doorways that lead to the sanctum sanctorum of the office, A HERALD reporter cajled several times during the day, but Mr. Smith was like Mme. Benoiton, “NOT aT HOME,” “Just gone out.” It was of course annoying to a rather sensitive reportorial nervous system to re- ceive several doses of this kind of information within the space of three brief hours, and the re- porter finally made up his mind that he had better jet Mr. Smith be called upon by more congenial spirits. ‘Just gone out’ .was the answer again pelted at him as he turned on his heel toward the door, after having asked if the much-wanted gentieman was within the circuit ofa fifth of a mile of the oMce; and straightway there wasa noise as of many feet in hurried pace in the next room; then out came five or six gentlemen, all gesticulating excitedly, all talking loudly at the same time, and no one appa- rently listening to anything the other was saying. They had fant ot bak, the third doorw: whens voice within cried out, “HOLD ON, 1 SAY!” and ont rushed a little man, looking rather furried, who nee something in the ear of one of the re juick eye caught that of the reporter, and his whol appearence changed in a twinkling. The anxious look vanished as if by magic. The violent gestares ceased, a pleasant smile stole over the ruddy face, and, with a half-and-half glance of ition beaming out of the corners of his eyes, as much as to say, “‘ know you, and yet I don't,” he turned quickly about and disappeared behind the ly git Partition as geeky as he had come. The man at the door got red in the face and remarked that he would again take in the reporter's card, which was, of course, handed to him, when the former saw for himself, by the merest chance in the world, that Mr. Smith was not “just gone out” in the direction of the street, though he was undoubtedly much put out for coming out as far as he had without Roving. beforehand formed a line of wary scouts, ‘Mr, Smith regrets to say he is so busy now that he cannotsee you, but call again and he will be GLAD TO MERT YOU." ‘This was the reply to the card: being carried in for the—well, no matter how many times during the . ‘Just gone out,’ was the anawer to the next call, which was made according to the information ven in the other reply. it was evident that Mr. to say anything relative to his position in the “Northwestern conflict, but a friend of his whom the rier met shortly alter leavi we Powp and had been closeted with him for ‘a short time ‘rag the day, gave him an idea of a uttie of what Mr. Smith would have made known nad be been willing. “Does he lose a8 much as they say on the strect ?” queried the reporter. “ Ms can swear he has lest anything,” and the gentieman look very serious as he uttered the words, ; pretty excited all day *”’ he did last , Who wouldn't under Hehed AN UP BILL J jOURNRY ‘ to ete lished it and is all right. ‘mean he isn’t seared a bit now, and is just as in will to go in for another tussle as he ever he not talk to-day about the matter anted to learn his views on the sit- Sd i o sili g ii tock than its ACTUAL VALUSB IN MARERT."” “How are yo Faitdereet ga ge the exact 1 y and black kad white; bat have to be thrown on nic, in which they would could to exhaust every- late move has done all it ) and its way,” and the re- verybody in i interlocutor looked as though he couid | pi pave 8wallowed the whole ‘bail’ Sars, bones ene one savage mouthiul. This ¢1 3 vel ‘and t he again dropped into his lips ov osyliable @ peculiar, sweet taste of its own, known only to himself, and then added, “he’s got rid of it and he’s ¢ away happy.’” mites, did you say ’ asked the astonished re- r. “Hal ” was the A reply. and’ tne reporter wanted his way out into the street, wondering whether Mr. Smith had really lost anything in the fight, or whether it was a matter of no concern to lose a million or two, pro- vided the loss was made in Wall street. WILLIAM BR, TRAVERS. The Boys Who Stood and Were Slaugh- tered Like Men—Up and at’Em Again. ‘The immediate neighborhood of Exchange place was, of course, for various reasons very much affect- ed by the stave of the market, and many an unfor- tunate bear had serious losses to mourn, and to hug himself and hie money bags tightly for whatever comfort he could adtceze out of them or his own inner, consciousness. Mr. Travere’ oMce is at No, 45, and a his nathe nad bebn somewhat prominently connected with the anti-Gould movement inaugurated by Henry N. Smith and backed so vigorously by Mr. Watson’s aMfidavit,@ HEALD reporter came to the conclu- ston, as he was passing, to drop in and hear what Mr. Travers knew aboutthe situation. A gentleman, whom the reporter took for an attaché of the office, was going out as he was going:in, and the reporter asked, “Ig Mr. Travers here?” The youth looked at his questioner for an instant, as though to find out whether or not he had any sinister design upon the office or himself, and then, point- ing over his showdder with one hand while he held the door half open with the other, remarked, “There he is LAID OUF on the sofa in that inside room.” It is hardly necessary to tell how this astounding intelligence sent a thrill of horror through every nerve of the reporter's anatomy, and how, half hesitating whether to go to that “inside room’? or take refuge in sudden flight, he stood for a moment transfixed in the hallway gazing at nothingness, However, the shock of hearing that Mr. Travers was “laid out on the sofa’’ once over, the reaction came, and he boldly strode into the room. True enough, on the sofa @ man’s form, and seated at his side and bending over him, doctor-like, was a well-known broken. ‘Two other persons, one st near the fvot of the sofa and the other nigsing. veere also bending over the prostrate form. As the reporter softly entered the three men got up and two of them leif the room. Then THR BODY MOVED, @ hand came down slowly from the head of the sofa, and, agit did so, revealed the good-natured face of Mr. Travers, iull of life as ever. The re- pores drew a gr breath of rolief and sat down. it & second or so he did not exactly know Prive wanted to know, for the realization at ie sudden as the information of its being laid out at all was excessively startling. But the situation was soon reached by a question, and Mr. Travers pleasantly answered all queries put to him. “The excitement is not all over yet,” he sald, “and may not be fora few days tocome. It has been quite lively all round, but every firm has stood the test well.” Here Mr. Charics Lamont entered the room and was introduced to the reporter, “Glad to see you,” said he. . “ig it true that there has not been a single fail- ure of any firm ?”’ he was asked, “Nota failure,’ was Mr, Lamont’s reply, and drawing himself up to his full height—that is as high as he could draw himself, he being rather a short man—he exclaimed, as he brought his hand down upon @ tabie near by, “not a failure, sir. The boys have STOOD UP AND BEEN SLAUGHTERED like men,’’ Mr. Travers nodded, and so did the other gentleman, as much as to say, “True for you, my fine fellow, | We all Know it well. ‘his evidently meant that, though there had been considerable slaughter, it hadn't been enough to killanybody outright; and, with this consoling fact before his eyes, and Mr. Travers being evi- dently suffering from excessive fatigue and anx- pin was hard to tell which—the reporter with- irew. DANIEL DREW. pode 0d al § He Believes that Some People were In. terested im Northwestern—The Sport of the “Boys.” i Mr. Drew was invisible to everybody in the shape of a reporter yesterday, and although his quarters were besieged all day, he was not to be got at under any circumstances, The fact is he was too busy. Rumor had it that he was “settling up,” and all that sort of thing, which of course Meant business that the Goald party duly appreciated. The ‘oli man,” however, is not invisible when he gets out of his office, and ® HERALD reporter had just time to exchange a few words with him on the sidewalk late in the after- noon as the former was hurrying toward Broad street. “SHINGS HAVE BEEN LIVELY?" broke in the reporter in an off-hand way, as though he did not expect an answer to such a general uestion. a Yes, kind o’ that way,’ replied the old man, ‘You were somewhat interested in Northwestern weren't you, Mr. Drew *" “Well, some people will have itso. Of course I was in a certain way,” and at this he stuck his cigar in his mouth so suddenly that the reporter was half inclined to believe that he just put it be- tween his teeth to keep from crying or laughing, he couldn't say which—probably the latter, as it good deal to seriously affect the good old jot to any extent, One Way or the other,” was se nore spcere none Le Ande) ee ae the old gentleman was on the point of disappearing. “Oh! the boys have had z A LITELE SPORT, you see, and I don’t blame ’em, even if I had a few ‘sheers,’”’ and @ queer grin crept over the old man’s face. “You had only a few?"’ queried the reporter, try- ing to look as innocent as a pet lamb. Mr. Drew probably saw through the inwocence, and made no further reply. Of course the conversation ended then and there. AT THE FIFTH AVENUE HOTEL. Seenes and Speculations Regarding the Upshot of Gould’s Coup @’Etat. The halis and corridors of the Fifth Avenue Hotel, which, a8 @ rule, are comparatively quiet alter business hours, wore an animated aspect last evening. A great number of gentlemen congre- gated in groups, discussing the latest sensation and all-absorbing topic of the day—the corner in Northwestern, The assemblage was, however, much smaller and less demonstrative than on the previous evening, as if in the gsual course of nature a reaction had set in after the terrible excitement of the last two days, It seemed either the weariness after a hard-fought battle or the lull beiore another storm. To judge from the sur- face of things, there is an armistice between the two high (+) belligerent parties—one being appar- ently engaged in counting the loss and saving as much as possible from the wreck, and the other in realizing what gain there is to be had. But few of those bearing a prominent part in the fray were visible at the Fifth Avenue Hotel last evening. Five or six of them dropped in for a few minutes and were immedi- ately surrounded by congratulating or compassion- ate frien@s, as they happened to be on the rignt or wrong side of the corner in Northwestern, while the lookers-on incuiged in comments, loud or whts- pered, as to how the prominent object of attention stood in the fight, In fact, the greater part of the conversation consisted of various cenjectures re- garding the financial position of the principal ac- tors im Gould’s coup d'etat; whether Brown or Pte intter, how he weathered the ie latter, how he weat extent of his taker as it reticent and seeming|y intent on kee} im the dark as to the fullextent of Many were the questiona as to “how this thing wili end.” Some gentiemen declared that North- western would go still her—“Up into the clouds,” said one of them. “Way out of it,” in another. Gould—one knot of he pleased. He would canes bis from his whilom friend tad now be cut him to Sine “operation. “There wan, ‘daid out’? form was a live one was as: ever, little sympathy expressed for the victim of Shylock's pallial operation, " ‘ad Said one precocious youth, ‘he would have bee to oo ty part of his tormentor”’. ‘having, in it of fact, been his original im- There was quité a tively dispute between twe ntlemen, who them acrowd of around jteners, a8 to wi Paar Moola it was the real market value of One he! on the ere an alicmpead to bolster him- Ssophis' declared into his antagouist's face, that he Would cents for Gould's chances ring the difference between the market and he. termed value of Northwestern. what the present “fictitious price” of the stock. His antagonist thereupon defied him to define the market value of Northwestern. The vail- ing opinion among the speculators seemed to be that Gould had done his worst; that he baile his own purpose if he were to attempt to rum: up the stock still higher, a3 he could not obtain a settlement from the bears, pb ss whoss Among the disinterested spectators about the corridors was Mr. Hugh Hastings, benevolent face beamed with a cheerful, as if he felt superior to such things as “ in Northwestern and ‘‘bulls and bears” in About bys politician ef the. bascr a0rl’, Hey: toe, about 4 politician ef the r gor! appeared occupied with “cares of State’ mightier tar than Gould’s coup d'état. SALES AT THE NEW YORK STOOK EXCHANGR Saturday, Nov. 23—10:15 A. M. $1000 US 5-20, c, '65, m.. 114! 10000 US 5-20, c, 65. 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