The New York herald., 1867-04-29
FINANCIAL -. oo....rec,At

rho no,s SUNDAY, April -, 1901.
nr,nyt, market has been excited and irregular
ean - past week under the influence Of the Euro
j Aews and the large speculative operations OF the
enan bankers. Up TO Thursday the .s'ses were
neayy buyers, and the much talked Of war between
France and Prussia was, in their opinion. inevitable.
Tey had long foreseen it, and IL had become mat
ter of certainty. Five-twenties were already on
their way back from Germany in considerable
Sums, and gold would be sure to reach q
hundred and sixty within very short
time They had always the earliest private intelligence
and it always of character to advance the pre-
MUM. Bismarck resolved to make Napoleon pght
and the French people were determined that France
should fight Prussia There possible escape from
this posi,ion and the war once ced who could
tell how the connagraon might spreada Tho news
papers confirmed this view Of the situation and gold
rose from 1917 on Monday to l42 on Wcdnes-
day. Here it eliminated The Germans began
to sell, and on Thursday il reacted to 1897,
although ii TO 14lH again the day After
that the Germans began to talk Of peace rumors and
having sold out all their long gold, they began selling
'.shorto 1t amusing to observe their change Of
now that their position the market reversed
The who had been certain OF suddenly became
hopeful Of peace, and the more gold declined the
more persistently they hammered 1t. The rest OF
the market went with them to large cx-
tent In self defence, and without anything
more substantial than political runor in itself Of lit
tie importance to work upon the operators who had rqp
gold up TO 142 on Wednesday IL down TO l3ax on
Saturday. Meanwhile tho political situation IN Europe
had undergone no material change, although American
securities cotton In England experienced partial
recovery from their previous depression. AZ
Frankfort, however, 1ve-twcncs sthl quote d,
namely, Friday At 72H, the lowest point touched,
If may believe the telegram. and the
rumor OF peace Congress, which for time Gre
dcd the Paris Bourse was subsequently dscrcdted,
and rentcs slightly declined. The peace rumors came
opportuney the German bankers after they bad scd
just as the threatening Of tho rnmors did after
they had bought They have been, in great degree,
the manufacturers Of opinion the Gold Room this
war question: and it been sufficiently shown that by
their exag ,eratons-arst in favor OF next in
favor of pcacc-they have succeeded in doing good
thing for themselves and In circulating good man
faise rumors
As business on the London Stock Exchange just
for the day-naincly at three p M-whcn the gold mar
ket here opens rorcign quotations to for
American securities win be based upon the closing price
gold Saturday, and there is doubt that the London
market for nvctwenties is manipulated TO affect
tho price OF gold. the foreign bankers New York
opcraog in Gold ROOM and in bonds London ard
Frankfort simultaneously. The German bankers here
may be said in times Of excitement like the present tc
"milk' the gold market by speculative operations
aided by cooked kilograms and the cable has much
answer for in this r,spect 1t will be surprising
now that gold has been down low, aud the Ger
mans are enabled 10 corner their sshorts at good
profit and cad up again for fresh rise, II the
war arc not revived under Teutonic inspiration Tho
sshort' interest in the exhibit is enormous, ind
Gated by the rates paid for loans Of coin Saturday
80 per cent with the majority Of transactions al
1-16 The daily range Of the market during the week
was as under-