The New York herald., 1869-03-04
FINANCIAL AND COMMERCE.
WALL STREET. March sap. M.

WALL STREET, March s-sP M.
Business opened this morning with continuance
OF the stringency noticed last evening, which, the
day advanced. increased. From l-l6th to x commits
sion was readily paid at one time on loans with
large proportion OF the days business at coin inte
rest. The artificial character OF this activity funds
was demonstrated later by the reaction which fol-
lowed the close OF banking hours when 1t found
that large surplus was left on hand loans having
early in the day been very generally called In with
view to obtain higher rates. The consequence was
sudden decline in the rates OF interest
asked, and considerable amounts were put out
at = and per cent, and 1t Is even said
offerings were made as low as and per cent. The
highest rate governments during the day between
leading houses was seven per cent. which, towards
the close. fell or TO six. The stringency, rather
the apprehension and consequent appearance OF it
for IT does not seem that the supply OF money on
hand was at any time less than the legitimate need
Of the street, n the market had been suffered to ope
rate normaly-was produced by the reported ship
ment OF currency In large amounts to Philadelphia
for what purpose Is not stated nor can 1t be under
Stood Whether such shipments occurred or not to
the extent asserted Is in itself problematica and
taken In connection with other movements in the
government and stock Market this looks very much
as though 1t were new move In the stock jobbing
to avoid the odium connected with the scheme Of
'.locsing up.n
As consequence OF this stringency there was a
general depreciation OF values on the Stock Ex-
change. Governments opened with a decline OF u
on elghty-ones and sixty fours on old sixty -dves
u on sixtyeights and = on new sixty-fves, sixty
sevens and ten fortes. At the call eighty
new sixty-fves and currency skies declined ~
sixty-twos II and sIxty-fours ". OLD sixty-fives
and sxtveights advanced II per cent. Sixty
sevens were steady at 1I2 and ten-forties at lo5x
1861. AT the last board the market obtained ele-
ments OF strength In the increasing ease in money
and advces from Washington respecting the
Schenck Till TO the erect that the Conference CON-
mitce had agreed to report 1t as passed the House,
and that IT would probably pass the Senate In that
shape. Upon these influences prices advanced and
continued firm up to the close OF business. The
following were the closing prices at half past
four o'clock:-United States skies, 1881, regis
tered, ia q lis; do, coupon, 1l5x l15x; DO.
52o's, registered 1l2 l12k; do coupon, 1882 1173s
q 117A; do, 1854, 113H llsX; do. 1895, lax
1l5; do. new, 1895, 1921 1121z; do, 1867, 1928
l12X; do, 1858, l12x 112tS; do, 1o40s, regis
tered, 104 104k; do, coupon, 1861 1o5Js; cur
rency bonds, 102 1921.
Gold opened at 132h, advanced to Il, sold
down to 1919, rallied again. and closed at 1917.
The market was excited throughout the day, and
nuctuated very much under heavy speculative deal
ings. The gross clearing amounted to 0032, O00
the gold balances to $25e7, O99, and the currency
balances to So, 954645. Loans ranged from TO 10
per cent and 13d Of per cent per day for carrying.
The following table shows the range OF gold during
the day. and also Its price at stated hours