The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1869-06-24
The Now YOrIs Money rrarko,.


From the Herald
"The inquiry for money began at An unusoYv
early hour to-day, the rst engagements being made
before II o'clock. The change which subsequently
occurred, taken in connection with the fact that a
decided revival Of the 'bulsh' feeling in stocks
was brought about later in the day. induces the in
ference that was the nal effort OF the Shyocks 10
wiring extreme rates from the street. They were
aware that the Government purchase of bondswou
turn nearly two millions OF money upon the market
late in the day. and hence the necessity for giving
the appearance of activity. The rate at this early
hOur was as high as one-eighth per cent. per day
equivalent to torty-ive per cent. per annum. High
rates were maintained up to q quarter to O'clock
Wheh tne extreme was a sixteenth and interest AZ
M nve Minutes TO a sudden collapse took place, and
% ome Iounu @ lot OF half million dollars was offered 1T
Who had sod boGr G1rreney II was evident that those
ANXIOUS 10 employ their money at rate Of inte-
"a telegram from Washington states TINT the lat or
July statement will show decrease OF six millions
IN the public debt The receipts for the fiscal year
s22 100000. '''"'
"The Government bought 81 e2O 900 OF bonds TODAY
at prices as foows-slOO,OOO 1861 coupons at ifbI5
sOOO00 1867 coupons az i544; siO9 900 1851 couoons
at l643 100000 1861 coupons 11542 el0o 600 1ssI
coupons at 1861; Sl600O0 1867 coupons at f1b.4s.
s26O,0O0 1861 coupons at l55O $4,000 1867 coupons
at 1893 $4,000 1866 coupons at 1874; Sl5 900 1867
So ppo o az o4 ls62 registered ut 1890
at 1885, 100000 1867 coupons at 1t54g 3OO 600 ts67
coupons at 1885 sloO00O0 1867 coupons at 1851:
100000 1851 coupons at 1852 $4,000 1867 commons
at 1888 $4,000 1861 registered at 1868
'The next purchase is advertised to take place on
another VIII be made on the Tuesday after The
latter day, will he remembered was suggested by
Mr.. Boutwell, in order to close ZIP within the fscoI
year, Mr. Van Dyck should make explicit whether
TWO sales are contemplated within the week or
whether the sale ON Saturday is in lieu OF that sug
gested for June 29
Foreign exchange continued quiet with very little
doing. The market is in uncertain state and buv-
are as Indifferent as drawers There IL hardly onv
disposition to discount the effect of the payment OF
the July coupons he'd in Europe Should the foreign
demand for our tve-twenties prove Inactive in re
month ha m
tances for the coupons will probably have Go be
made IN bills. Should the demand continue the in
terest Will go back in the form OF more bonds The
one cause counterbalances the other, however In
May large shipments OF bonds we're made instead of
bills. The fact that the interest is so promptly paid
keeps alive the foreign investment demand. An
other TACT has been made manifest within the past,
lew days some of the imported goods stored in
bond are going back to Europe. The steamer on
Saturday is to take out some French goods which
could not be marketed. We have heavily i'm
ported this spring. according to the figures of
the bonded warehouse but large quantities
came here on commission There appears TO be a.
limit even to extravaganza, and it is to be hoped
1t has been reached this season. The question
arises, to what extent will our imports arrested
IL is not supposabe that any very large amount of
those now here Will be sent back, but the merchants
who deal in foreign goods will prefer working or
what is already here to ordering fresh supplies It
will be curious to watch this influence upon the
course OF foreign exchange. Prime bankers ster-
ling to-day was worth 109 109sS for sixty day and
1t0b b1102s for sight bills
''1he gold market was unusually steady the ex-
treme range recorded ia the gold room being from
1871 to 1874 one sma j sale took place at 187I[
The market was without animation and operators
seemed disposed to await the developments of the
next few days. The clique manpulations also an
peared to have ceased and the quotations OF to-day
were the result Of small and comparatively insignif
cant orders. The record OF the operations Of the
Gold Exchange Bank shows that the purchases OF
Monday constituted the sales of yesterday. The
transactions of the second day were a little larger
When the cliques unoaded their strategy was more
discernible than when they bought; hence they in-
duced large sales by outsiders although previously
they had the purchases almost to themselves. "