The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1869-05-20
The New York Money Market.
FTO1ll The Herald.

'"To-day gold advanced to 144A. This is the most
direct way of indicating the character of affairs in
Wall street during the last eight hours The deal
very extensive scale, but the fluctuations have been
wide, frequent, and excited. At the beginning of
business there was little or no animation in the
market, and the premium showed weakness. During
the first hour the price was very steady, between
14l q and 142. But the bulls who are really
the cause of the present large advance
entered the Gold Room, and by a we-man-
aged movement put the price as high as 14i4 be-
fore the close OF business. In the first place
decline in bonds at London OF q used to create
dstrust in the minds OF operators The cable follow
ing with S4 as the price at Frankfort-a fall of
two per cent. since yesterday-the agitation became
extreme. AS soon, however as it was discovered
that the despatch OF yesterday should have read S+%
instead of s6H, mistake made in deciphering by
the key-there was comparative calm. But the
assault was renewed with all sorts OF material from
observation-disclosures OF Cabinet dssensions, reports
that the President had decided to acknowledge the
Cuban belligerents, and despatch that great pres
sure was being brought to hear upon Sec
retary Boutwell, to induce him to cease
MS sales OF gold and purchases Of bonds.
Meantime the English steamer had arrived,
and her mails containing the newspaper details OF
the effect OF Senator Summers speech in Great Bri-
tain were brought into requson to further the ends
days DID, and its effect had been felt fully days
ago, when our special dispatches from London gave
the public an epitome OF the English editorials twas
successfully employed, and proved very useful
bull influence, especially as the report was also
started that the Bank of England directors would to-
day again advance the rate of discount The scene
in the Gold Room during the afternoon was very
lively one The crowd was incessant and the apart
ment brought back memories Of the wild speculation
OF the war days. The price changed often as three
times in single minute.
''Cash gold was in good demand, and loans for
carrying were made at rates ranging from seven TO
four per cent The disbursements OF coin interest by
the Assistant Treasurer were S1SS,973.
''The money market was without essential change
on Government collateras large amounts were
loaned at six per cent but the rate is quotabe at
six TO seven.
'The Government bought one million;of Five-twen-
ties through the Assistant Treasurer, TO whom the
proposals TO sell amounted TO about four Millions
The awards were made as follows 500 900 regis
tered 62s, at 1864; $50 600 registered 6ls at s1165
SlbO,0OO registered 65s, at 167S $4,000 registered
CAS- at 116S7H and s7Oi 900 registered 67s at 1l6ss
The prices given were fraction below those which
prevailed at the contemporaneOus session OF the
Government Board. The figures are 'nat'' or eX-
neaest the abcrued interest to date on the accepted
bonds being paid in coin to-day to sellers. The
Government market opened with great animation
AT noon the 62s touched 1921. The 67s sold at 1905
Ihe loTelgh quotations and the uneaslness
created by the use of the English editorials above re-
ierred 10 led to weaker feeling in the afternoon
ana reaction in 6Is to 1875. The currency bonds,
rejecting the advance in gold were correspond
| ingly lower The Short interest in Governments
was largely increased to-day. All the issues are
| lending at merely nominal rates of interest on
! the currency colaterals Prices closed steady
this evening with the following quotations;-Unlted
states 6s 1881, registered l22H@123; do, coupon,
| 122A@123; do, Five-twentes registered, 1175@
1179S; do. do, coupon 1862, 12296@1224; do. DO,
l1s2@119;, do do, coupon, 1865, new, 1890
l2Oi 40 do'' coupon 1867, 119ZS@12Oi do' a4;'
coupon, iooo, daiS;s@lzO no., Ten-Iofles, iekis @
tered, lO9A@lO9A; DO do, coupon, 1094@llO; cur
| rency bonds, 1076@1O7zS."
Butter color and green are the latest hair tnts in
| Paris.
| During 1868 France imported e99s,OOO tons OF
| coal and 665, 900 tons Of coke
| British shpmasters, II is said, are revivng the
| slave trade Tor the benefit OF Australia.
| A post office clerk in England has been arrested
| for stealing his rivals love-letters.
The number OF lunatics in France corresponds
very nearly to the muster roll of the French army
| The Imperial candidate in the Girond dstric
| for