The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1869-08-10
THE NEW YORK MONEY MARKET.
Thefollowing extracts show the state Of the New
YORK money market yesterday
From the HeraLS

Thefollowing extracts show the state Of the New
YORK money market yesterday
From the HerGld
''lhe dun current OF affairs in Wall street was
somewhat disturbed this morning by the announce
ment OF the failure Of large dry goods commission
nouse III inns city, with liabilities yariOusly estimated
at from two to three millions OF d0llara rne market
ior discounts was, Of course, somewhat disturbed
10y this suspension, and very little dry goods paper
was cashed, as 1t was not known how far the
standing of other houses might he involved with
5 rI,is, IN course OF the day other failures were
IumOIeu but the houses mentioned were small and
oil out lite account With perhaps a little more
care IN scrutlnizng names, the market for other
paper was unchanged Money was plentiful enough
on the street to be almost drug but rates con-
tnued to rule, as on Saturday, at from five to seven
per cent. On Governments balances were freely
supplied at hve, aud leading stock houses found
Ittle diticulty in obtaining ali the funds they re-
az SIN te extreme 6gure being paid only in
cain ioI consideration or the collateral offered was
Gold opened this morning at 1862 and speedily
Ieli on 70 L, recovering later to "a. 1t continued
Iull ana steady throughout the greater part of the
DAY between these figures 1861 to 1851 and touched
l5d shortly before three O'Clock, but closed in the
room at 1853 subsequently to the adjournment of
the board the market became Somewhat excited
and the premium suffered sharp decline TO 1881
nom winch 1t rallied to q and Is, and fuctuated
between these fractions until the close of business,
al (which tAhe il stood 135% The sudden drop was
the result of bear attack, based upon private
dispatches from England reporting bad weather
in several parts Of Europe, and giving higher ii
quotations in the English grain market
IMAM ltose luInlSHeu Oy tne press kilograms. This
caused quite an excitement on the Produce EX-
change,where, in the expectation of large demand
ior american grain, buyers appeared in force and
bought up at sharply advanced prices all the stun
| onerng within shippers limits. Sales of 25OOOO
bushels OF wheat and 26,OOO barrels OF flour at an
advance or to 10 cents bushel on the wheat and
| 70 cents per barrel on the lOur are reported This
| movement OF produce to Europe, creating large
OF specie; hence its influence upon the gold market
| to-day.
Governments opened at the first call x Off the
Closing figures of Saturday on both '65s, '6ss, and
teniorty coupons. Registered ten-fortes advanced
! = and 81 coupons H. The other issues. Including
| currency bonds, were steady. AT noon call the
market was less firm, and tve-twenties, excepting
those of 62, G4 and 81 coupons and ten-forty coue
| pons, were offered at 3 less than in the morning
64s and currency bonds advanced n. 92s We're
without change, registered Sis firm, and en-fOrtes
weak-the latter without offerings. At the last call
there was less inquiry, but prices, except on 6Is
ten-fOrty coupons and currency skies, which were
offered at % less than previously quoted and regis
tered ten forties offered OIL the price of the morn
ing were sustained At five O'Clock, 62s, 6Is both
G5s and currency skies were again "a or"