The Evansville journal., 1870-07-21
THE MAaEM ETs.
Eew YORK Gold and STOCK Market

New York Geld and Stock Market.
By Te1egroph.1 NEW YORK, July 20.
Early in the day there was q very fever
ish and unsettled feelidg In Wall Street,
with a partial revival OF the war excite
ment. The gold room was the chief point
of attraction, and there were some wild
fluctuations. The market opened at q
very early hour, and before formal open
was transacted at I221z to l21A. The first
recorded sale in the room was l2lM, after
which the market settled down 10 l2l5S to
12lA. At this point god relapsed into a
state of leihargy, and presented calm
ness quite in contrast with the great eX-
citement of the past few days. Sensations
were needed and they soon after were re-
ceived.
First came the suicide OF the French
Minister: then the naval battle on the
coast of Holland; then the reported CALI
Ing out of the Turkish reserve; then that
at me Bank of France the rate OF interest
d had oeen increased 3@ per cent; and fol-
IoWlng All tnese reports came the an
nouncement that SD bonds were down to
% at EIankfort, and 76 at London. On
started on a new career of Excitement and
gold worked up from I2I< to I22s<. The
market was bid up rapidly. and business
was not so large as usual.
The money market opened active at
6G7 per cent for call loaRs; this afternoon
IL was more stringent and fancy rates were
paid. After bank hours, the demand was
very active and continued quite late.
The general rate on call wss 2 per cent,
paid, and after 3 O'Clock, in some cases,
a commission was added to the legal rate.
In the gold room the stringency was very
marked, and the rates paid Tor carrying
gold in the clearing house W ere 2, 9 and
per cent. per annum and l-32 to 3-84 per
diem. After the closing ofthe house, u TO
"A per cent. was paid to have gold carried,
and in one case u per cent was paid for
carrying over q large lot. The specie ship
steamship Java s., sos c05, Colorado $500, 900,
amounting TO only half OF the estimated
shipments. This checked speculation,
vailed, pending the reception OF the bids
for the Treasury gold
Cable kilograms also ceased for a while.
the fact that of the million offered oy the
Government on y S6z5,0O0 were bid for at
l2igl22 49-lO0. Tuey were all accepted by
received from Secretary Boutwell, not to
offer the remaining S375, 900. This checked
somewhat the dropping spirit OF the gold
to / Z1s. The gold specu ators did not
make any bids for gold, and kept almost
everybody else fro IA bidding by ciIculat-
ing reparts that the Secretary Intended to
accept all bids. The market did not re-
main steady for any leogth of time after
gradually declined to 2l5<.
The President OF the Gold Exchange
Bank, hes notified the gold room OF the
necessity of special care AID early prompt
ness in dealers In making their returns for
clearing. This afternoon the market for
g goLo - uuo[S qulet' Tue pults eVloenLy
uneasy at the absence OF reliable news OF
the battles. The prices ware crowded up to
M, but afterwards fell off and closed at
&c. Many of the dealings this afternoon
were made at the ex.ciearinR house, show-
ing little fearfulness of another b. eak of
the gold bank, like that OF last September.
Clearances I23, ,294 ,0UO.
Sterling ExchanRe--Quiet at l11<alOL
for go days; 105zQ3IO1S for sig BIT bills.
GoYERNMENTs-Opened quiet aud barely
steady. There is rather less desire to sell
among the German bankers and the
offerings are taken quite freely by banks
and financial institutions. Tue market
opened with an advance On last nights
closing prices of u per cent on 6is, ord
'65S and 68s, and a decline of Il on '67s. At
the second Board sis and old and new 65s
currency skies, q. The MAJ ket cIoseI dun
with little doing, at the following quota
tions: