The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1869-12-01
THE NEW YORK MONEY MARKET.
The following extracts show the state of the New
FORK money market yesterday

The following extracts show the state of the New
York money market yesterday
From the Herald.
"The Gold Room was again the scene of feverish OK
metal The greatest commoton prevailed in all the
Stock Exchange As it was the day closed on an i'm
Room was sudden suspension of the Government
that application had been made to Secretary Bout
well to stop these saes % ana that was & no
all the strength which it had gathered from the rumors
l91 immense number of sales were made. At twelve
O'clock the proposals were as usual At the Sub
prices ranging from l2O63 III 90 The bids ele
bids Of had Ito to be and a t sa
sryt surs The The effect upon the Gold Room was was
under which gold rose to is3; i then fen back
again but once more advanced ID, and touched at its
proc uced by that Mr. Folger had asked for
morrow The rejection OF the bids to-day produced great
indignation, ana a formal demand was made by one fra
being highest emitting them to IT, This action was
ment right to reject confined to the proposals for
the sale of OF course no judicial action can force
United States cannot be sqed As TO the reason for this
Sudden % E tn the from the
that the continued sharp decline of gold will lead
partieSisry the class Of business men suffer from the
crisis and they 9fge been tne most 9b in
ers they suffer to that they have already
SrSe SeTed tSnt the gold corner Of taught i'm
porters bitter lesson with reference TO deeng their
sire not to be again entrapped by such speculative
een % IN % es en
the decline Sod is n9 tms But nd ID th9ss bsSs
already marketed all or portion OF their foreign pqr
on snd e in
been the occasion of the order from Secretary Boutwell,
limit the sales of gold to certain figure Without wish
ing to take sides with either q the speepatiye parties
so critical a state this morning all Wall street that
the sale of the Government gold as would have
among business men, and whether the Government
kept faith or not in the matter the evll which was
goes to condone the fault, II any there were
The great outcry tooay from the Gold Room came
which they thought to buy at lower prices under the de
pressing Influences of the Government sales 1t is not
popular feeling is all the bea SIDE and as the banks
are loaded with gold and heavy instament OF coin
month, it will not be easy foment bull speculation
home to take exception TO the extravaganza of
searanees at the Gold Bank where today there
were over forty millions as Tn Ss Of ta9 & oysE HSiv
tend to make the decline gradual, which is the
way specie payment must be attained n the business
this morning long and short gold before the rejection
ofthe bids at the Sub Treasury an immense scale
vicinity of seventyye millions OF course tins sum is
poS n n Se az & HANK has BEEN
renewed operation only eight or nine days and as the s
cleaTances were only about five millions daily 1t shows the
The fact that the Government has put the limit OF 23
vted again within day or TWO encourages the bears to
again assal the MARKET and hence when the rt excite
price Occasioning decline late the afternoon 70 1921
The towards the close quite limited in
sdes seemeg be awaiting further developments before
taking any oeeided action either way"