The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1869-09-28
Thia Afternonn,s Onntnfinns.
THE NEW YORK MONEY MARKET.
The following extracts snow the state Of the Nev
York money market yesterday
From the Herald

The following extracts snow the state Of the New
York money market yesterday
From the Herald.
"There were no dealings gold to-day an the end of
tween the Gold Room and the Gold Exchange Bank con
tnues and evch attempt to unrave the confusion only
revess the ntreacy Of the situation In another column
brokers oday the effort bring out Of chaos
The met with little success and nghtfal agaia closed
endeavoring to straighten out the sinuosities Of
metal Little did the clique who essayed their now
famous corner dream Of the cOmmotop which they we're
the price gold ranged from is to S but the voice Of
small ractons which were won't to define the exact value
Of the metal To add to the confusion of the situation,
number OF persons anxious to prevent the use OF their
cannot survive the statement which must eventually
come out These frantic tic efforts to save something
pcate the labors of the officials at the Clearing
was Of claims against
see e 0n Even Without The failures s q To-
make good their differences the work Of the clearances
by the & depteS M arising out Of dea 9nS debtors to the
claims, the task is heroulean The worst feature
the deadlock s tho injury which is wrought by in gene
their hands full At this season. can do little nothing for
@ Which to- Bas % Values Of hor Tor E0a 10
in TACT situation OF affairs which requires the ssous
extends not beyond Wan street. rise fall in stocks
seldom SO snGets other markets Veey materially decline
stimulate legitimate transactions by diverting money
Of sisS Be- ns a6
The great credit system essential many branches
OF business is parayzed To-day prime mercantile paper
was hardly discountable mt anything like
honest merchant could afford The gold gamblers
have involved with them IN the arrangement of
values Ihe clearing Of the wreck in the gold market is
the only solution 60 the present unhappy state of affairs
The brokers manifest disposition to dsontaugle the
alton, and by proper effort do The relief which
Will then come ioreshadOwed in the easier feeling
in money this afternoon when the Clearing House made
part payments the rate call descending from the
exrayagant figures OF last week to seven gold and cur
rency Everybody concerned has important duty before
him. The danger Of disaster should by every means be
avoided step in time may avert panic The situation
is critical one but prudence aud energy deprive il of
urther danger The damage done far be circum-
scrbed by its present extent Just conagration
be arrested by contnng the fire TO spot The banks
are not within the fatal circle The Bank Examiner has
fortunately been in the city during these hazardous times
and kept watchfu eye upon their condition. IL is a
gratifying circumstance that the only bank
which gave signs of distress last Saturday was creditor
for half million of dollars at the Clearing House this
moyning Stocks have fallen large percentage true
and there is gloomy feeling among stockholders of
weak capital but panics have visited the stock market
and again without extending their malign nu
to the business world. Wall street values but
fictitious and speculative They should not control other
circles.
"some attempt was made TO give consistency to tho
foreign exchanges but in the absence of definite
hons Sterling sixty days commercial good to
prime bankers 0etalO lO84 short sight l0s l09; Paris
sixty days 199b2O; short sight, b0@bl7Ti Antwerp
b27&ab2 Switzerland, 20 Hamburg, 844485E;
Amsterdam, 399zG4O1; Frankfort, S9s<94016; Bremen
TN@7oAi Prussan thalers 7OG7OA. sv-7Ts
The sringency in money led 70 direct decline in Gov.
ernment bVnds but the Tesr 0aeDgs Of the funds after