The New York herald., 1869-03-02
FINANCIAL AND COMMERc clAL.
MoxpAY, March l-sr. M.

M0xpAY March l-e NJ.
Ths frrt erect Of the passage OF the Schenck bill
~ tne ssnate, amendments and all. was rapid sd-
vance IN rovernnenss at the opening this morning,
'e4s selling ~ lisH, e<'s at ilsk, old 'o5's at 1l6.
asc cs's 81 max In the interval 70 the board
% Was rcporisd that Mr.. schenck was opposed to
she amendments made IN his bill. and that the
House would disagree with them, and further that
me price ~ bcnas IN London had fallen to ST. (.
Upon these rumors q reaction followed and prices
fei on through nearly the entire list, 'e2s selling
at ilTal. oas az iiss old 'sss al ii5 and o7's ar
Ii9k. The same causes continuing 10 operate at the
issi board there being anoas respect
hng the condition OF the bond market In Europe
q furIher decline followed, and old 'o5's sold at iiS
so<s ia ANA tfs a. ll2a During the whole OF THIS
peued there Was considerable excitement IN the
market and small holders, growing fearful OF the
existence of depreclsting influences OF when thes
had no knowledge fell easily into the uap Tue
s'searsp had sci for them and pressed their lots
apr sale. thus Causlng the decline. subsequently 70
the adloummsnt OF the boards intelligence having
been received nom Washington that CONFER
ence committee was 20 be appomted upon
the Senate amendments 20 the schenck bhi,
and thai no diniculty was apprehendei respecting
their adoption by the House, while the regular
despatcIes from London exhibited the true state Of
the market there and gave the quotations Of bonds
n s2z, q sharp recovery followed, and the
smarket here became again active. closing
firm al the following quotations, which are
ssof.n the highest OF the day, but snow
conyalcscent feeling:-United States skies 1881, re-
glstered max Ils do. coupon. iis's ii5A; do,
s-a0,s registered lis ii3; do, coupon, lso- III
n lI7s; do, 1884, il3A ia; DO, 1854 ITO
ub.: do new, 1895. ll2k 1l2S; do, 1857, il2h
. ll2z; do, 1865, ll2x max: do. lo-4os, regis
scred lOsiI Io4s.; do, coupon. 1867. 100; cur
Bency bonds, lo2s4 lo2h.
Gold tc day faithfully reflected the character OF
me marke. lor governments, and was Influenced In
inverse proportion by the same causes, real and
actitious In the morning the price opened oil l3lh.
advanced 10 l3IA, but sold down TO l5l Later,
simultaneously with the decline ~ governments ana
the depressing rumors from Washington, the pre-
mum hardened and advanced 10 1875, subsequently
under the pressure Of short sales recedng 10 iSl,
but ralying again and remaining for some time
strong at 1917. which figure it closed In the gold
hoard. After the adjournment Of the board, on the
receipt or the correct advices respecting the London
bond market and the improved tone Of the Wash
fngton dispatches, the price again weakened and
fell OF 10 1874 at which figure 1t stood
up to the close OF business. Transactions In the
Gold Room during the day were very heavy. as Is
SHOWN by the report OF the Gold Exchange Bank,
the cross clearlngs amounting sl27 eos, 600: the
ge,a balances 10 s2oliss2, and the currency bal
ances to 81 272s75s. The loan market exhibited
varying features The earliest transactions
were at nat / and 2 per cent for earn
nnas ranging as high as Ak, with exceptions
again at per cent aud nat the latest loans being az
. per cent for carrying The following table shows
he range OF gold during the day and also iis price
nj stated hours.-