The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1869-05-10
The New York Money OInrke {.
From the Herald.


ing greatly excited toward the cisse The disturbing
count 70 four and half per cent the effect Of which
felt here Ever since the zee & OF
money markets in both have been sympathetic The
to be- the necessity ee % Of cSecsg the drain Of
arising from the Httemp&e6 ed negotiation n Of
States securities Friday ensuing this change led
about two cent stimulated it was by semiOteial
reSsuT Rad decided to taRe action
ing bonds before the close of the fiscal year CORES
poiHs Tie feeling S Syo = of Sp rise
ports exports In the semipenc which resulted
from these S sudden GGtqPtiOns % @ and from the widest
heavy decline in stocks the market looking for brief
tooRpace late the day under eepor
from n and S hfns ass been begun
there was rather better feeling at the close of business
the Secretary of the Treasury to purchase million Of
pTess and turned the tide of feeling Better 99otatons
came from London gold declined stocks went up and the
BoaTell to put in operation the provisions Of the Sink
It be seen that Some of his political in the
$ @ for reform at St washington E have singled
This is precisely his defect His rresolution and yaca
Now however that awakened to the urgent duties
OF his position and has had the courage to take this bold
% snd @ Ss %hGS oa 2
o portion Of the load Of nationa debt oaT deP
@e an has Ssen the want of ws HaRSf I in M the Cabinet
irregular within limits as compared with its con-
exceptionally paid in the earlier portion and owas
S per this keep the @ % up % s
legal figure especially the system of bank statements
also declined under the competition Of the banks in lend
ing to their regular customers and reducing the amount
tuted the extreme range for the best endorsed aocep
tances Foreign Exchange inactive and towards the
close weak IN response to the higher rates for gold An
prime bills out of second hands were selling down to iOa
lOs,s: The changes IN the English money market have
bills and the difference between the two classes is three
quart ers per cent"
From the World.
sold short Saturday by extraordinary activity in the
buyers AZ the sdvSnced 9roan m the Sse %
1865 opened by the bears Saturday morning at
privately for $iOOOOOO buyer or seller The s6as were
llsT in the morning. and le16 at the close There
mand, both at home and abroad, viii require very
much Larger amount than thst heid by an the dealers
held such small stocks of bonds at present The
account and the deliveries were not completed today
because they could borrow bonds enough do and
on the market to the amount the bears have sold
short There Is no disposition on the part Of the dealers
load up with stock IN preparation Tor the domestic
% Prices therefOTe have advanced today in the face
of the combined efforts of the bulls we'll the bears
tain advance the price Of the bonds 70 and
e IN S 10 II s se market sbaT e 60 se m eS Re
did Saturday they may be jumped to par in gold on any
ns nay Paco
1866 to 1865 United States SKIES 1851 registered lS to
ss sstes gPsd Satss ssfs P s
Five @ 2 HE to to qRa Gned States States
FvetweHties coupon 1850 ll0 20 lIo; United States
@ m to III aea saS
Fvewenties coupon, 1855 III 70 ll7,s United States
forties, coupon, 1885 TO l09"