Evening star. [volume] (Washington, D.C.) 1854-1972, 1865-01-13
FINANCIAL.-The New York Evening Post

FINANCIAL-The New York Evening Post
saws
wall street has been aeitated bv sensation
rumors Of military movements and peace ne.
gotiations Hence the feverish condition of the
market for gold and stocks.
Gold opened at 2l7, and after falling to 2l63 ,
rose 10 2194 the closing price is 2lS i.
The loan market is active at per cent but
the supply OF unemployed capital is on the in .
crease One cause of this is the incertitude
OF our financial position and the sensation ru.
mors OF military movements Commercial
paper is thus less in favor with capital
ISIS, who prefer certificates OF Indebtedness
ter the temporary employment of ftheir surplus
means.
The stock market is depressed. and With the
exception OF Government securities the whole
OF the list exhibits a downward tendency
5-2t's are strong, and, under a lively and in-
creaslng demand for in yestment. ha We risen tn
ll9. 1O.49's are rising in favor, and at present
prices are regarded as the cheapest of the gold
bearing bones. 1t has been poin ted out that jt
eoio should fall to 2tH the IO-lU's would still be
worth 1893, while with gold At 226 their value
would be l0i. Certificates are firm at 97ka
S74.
The Commercial Advertiser saws:
The gold market Is kept in suspense by the
anticipation OF news from Hon. r. p. Blair
There is, in fact, very suspicious sympathy
between the Sold Room and the mission to
Richmond. We are unable to trace eyery link
in the chain of evidence, but sufiicien. is known
to warrant more than suspicion, that the whole
affair is gold operation. The plan is known
fully to certain parties on the street, who are
operating dccOrolng; and the character of the
dispatches and the entire programme were all
previously understood, so as to enable tha par
ties In the movement to regulate their transae.
tions In gold. The price OF gold has fallen 10
per cent. upon the mere announcement of the
departure Of peace missionary: il is expscred
that, within the next twenty -four hours, it will
rise fnly as much. upon an announcement of
the failure OF Mr.. Blair to elicit any pacific
oyertures from Mr.. Jefferson Davis
This morning the price opened at 2l6H, after
ward advanced to 2ieA, and then declined to
2l1 i at 1910 y. m. At the stock board a sale
was made at 2l6, 30.
The New York Evening Express saws: -..-
The money market continues 10 work easier,
and there is an abundant OF capital Offering at
per cent
The Government disbursements have been
liberal for some time past, and much OF
TINS money is now finding its way back to This.
point.
The turn Of currency is from the West and
the amount of idle capital here is steadily ac-
cnm mulating Commercial paper is dull, and
passes at sa12 per cent.
A portion OF the Ways and Means Commit
tee OF the House are opposed TO any further
issue OF 80 Notes, for the reason that they are
convertible in q gold bond. Mr.. Stevens IA yors
strong pressure from New York to have the
interest put up at a high rate. The bear party
here favor this plan, as 1t won Id absorb an I'M
mense amount of capital, and leave but little
fer speculative purposes.
The gold market opened weak to-day, under
the continued agitation of the peace stories,
and still lower prices were made. As the day
advanced the market stiffaned and there was q
rally of per cent. from the lowest point
There was heavy short created by the large
fall of yesterday, and this assists the present
upward turn in the market