The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1868-11-09
The New YORK Money Market.

Toe past week was one of great excitement and
panic on the sock Etcoange, sn6 pr ices declined
and miscellaneous share, M 10 rriday evening,
but or Saturday morning seuiOilici. stock jobbing
desps cb In the bun interest," was telegraphed TO the
my tut Sed Sne td@ i made Tue secre
iIiia,io mist, whereas he lad prtvoosiy csnss lty
aG eTea % j. o. igiuslX e' pltsss1 views as CON
Issue the torty-four nilltOis of Utrel states
on m 20 & The amount % these 10 Gscqa @
nFps ed III. the pa o fdFtnsSS 70 S1s Ia
tSs CITY ana 'HS' o'e ia par ioulSr 20 Mr. Jodn
Thonpson in which he re t,rates what ne lad belsre
biame in prolgcing The stiingency. csnsures the
STOCKS to be unable to relieve the 5ney mars et
The despa,cn OF saturday, evidently npted from
1t came with sucn su, denuess as 10 taxa Wall
5 splcion Ihai il as esignad to bull stocks and
god, lBe latter advanced to lS534 Saturday evening
lowest aid two and one. icur Ii above tn, ng nest
spcpeps ai the m scslevous effect Of ibis
SInck kjobbing Treasury despatch by which the II
Wall aIrayt laying reesyed l6e ntrmasoa n'q1 IN ,ss
ZION at at ! o'eloGH on F,day when they were ensoled
geo sl low pr'ces ana TO sel them out yes -sfday
bf Mr. o
siSe c,un1sn@nee @ ice TO- tae s9ry e%oPdied In the
are Known TO have been offered to aim TO do as ne
en- a
reports siGes that time, more transparent stocS-
was never known In the history OF tn anv osher
admins trs tiou and thai IL IL mere bruts 1UL9s
IL evident enough. Even Mr.. AcCuitoch see euIS
A. eady ashamed ofthe part ne has played In t. and
achieved he has Inspired ansther despatch la this
mornings journals TO the effect that, although he
believes he has power to reissue notes redee ned
but not cancelled. IL Is not deermined what will
may not become necessary TO resort TO that measure
in order TO afford relief"
From the times
The semi ef1ic al announcement on Saturday
morning rom 4sn ngtOn, that the Secretary of
TIeasuiy had deci ed 10 exercise hi7 attn arty
Issue the greeDOacss wiGhu AVN from crcu'alton last
year, or the per cent greenbtcs certificates
dawn or presented for redemption last month, IL
Deedtul To relieve and restore confidence 20 the
money market, had almost the immsdiate effect
Or Ieoucng The cost OF money TO the
! brokers tron per cent. In gold sHd o daily
| commi istioD. TO per ceat. IL currency Early
| In the day SOME extra a. commissions am ay
| have been pm Il foe carrying stocks un IN
Monday. but after O'Clock me offers OF bala ces by
| money enders at simple per cent. interest were
nan equal o Tue demand. ana the Arket lett
of comparatively easy The difference In the cost OF
monev. as com uareu with the tsvtr- stringeucv of
| Thur day and Friday, d cded 1t seemsd To be,
| WAS mot so Aigrihcast Of the improved s'a =
| ability and p rpose Of ne Government 10
afford further relief II necessary. The trying 10
! say terrible Urd".l. through which the markst
| has passed during the week ia Illustrated
bv the Bsu 6titeme which shows that he further
large of nearly four aud half millions green.
| b cks has been locked up for etec upon the ock
Eycnanee, making altogether lOss of tan
mi lions eanbaCks " tuls dTeCt and )Ve
| re amounts know to nave been received ~ The
rks IN The ssme time from the nPishbnring cities.
The estimate. therefore. is not an extravaganJ one
tina from Sl2 000Co 10 81 900 900 In law al money
been witndrawu from the use of the marke in two
| Wae n