The sun., 1870-07-18
TINANCI4L AND COMMERCIAL.

SATURDAY, July 1G-P Mn Wall street there
has been abatement of the excitement which char
acterized the daily operations since the FIRST flush Of
foreign complications ara that war has been actu'
ally declared and troops IN motion, financial men
disposed to view the situation with more equanin'
iy, and sec present cause for alarm. Before war
had been formally declared the premium on gold
reached 1885, and the fact that since then the price has
not advanced beyond that point Justines ths belief,
although United states bonds, as well as con
sols and rentcs. have since declined. fur
thcr rise IN the gold premium would natu-
rally depend in great measure upon the demand
specie for export and tins viii be governed by the
amount bonds returned here, wlch II estimated
will reach any vast sums while nt the same time
re.cxport is by no improbable, If may accept
the late schoswiR Iosteln war as precedent. This
theory, however Is based upon the suppositon that
the United states will not be drawn INTO the struggle
on the Cuba question It is not however, mprobable
that in view OF the uncertainties in regard to what
proper tons the may assume gold will stand wen
up to tho point already reached. The influence of
todays foreign dispatches upon the premium has not
been marked, though the price was carried down.
be fore the formal opening of business from ll6 to ll51
on the report England had succeeded IN obtaining
an arInistce Of eight days between tho contending
forces denial Of this. however sent back the quota
ton to iiC9l-tle nr-t recorded 'alcwth later riac
to i6X Karly IN the afternoon tho price touched l5h
but subsequently rallied again 10 l0k, huctuatng thc
remainder OF the day between 10y and ida The trans
actions though large, have not been equal to the ded
iugs o the last week.
In the gold loan marle the rates naid for carrying
were s. 5f. and cent, and after clearing house
The total cleariugs at the Gold Exchange Bank were
SisO6 COO representing the business OF yesterday, and
the largest amount since the agitation OF the whr
question The gold balances were S,ilOSis and cur.
rency balances tSlGiiii. The principal quotations
we're;
stoiCAMioH@iiii5sE hSJ"'..iiiiSS3
Foreign exchange has been strong under the ind ifor
encc OF bankers about drawing particularly on Parts
and the leading Continental centres. Sterling II y
cent higher aud is rm ly held at iO for co days, and
iiOH for sight. Francs Paris quoted at 5l]S@
5lSk to the dollar for long. and 5.llh@5i0N for
short The exports OF speci' today were q 90o5O,
maeng total for the week ot e.! and since Jan
or the past wee, amounted TO sl.5g ,52 aud OF gcner
% & a9S 9 L M s25i ~ 81 AZ rs eease
aa comparGd with the latter period OF s,'3 go & T1e
bought sa515 go nyc.j wcutcs received coin Ter Gus
toms ss5 8. 80 $: and pad out in CON interest on the
The week closes upon easier feeling in money, tho
on 1ni,cd statcS bonds and and on pledge of mis-.
ceIlaHeons CO lateral though the rrcdouna,in rate
cc7tanccs passing At Gs6H 2 cent The bank state.
ordinary exhibit The large incrolse IN The item OF ie
Socs sasks mac Now W. m d f"'s fhe Tn"reasc "a
specie que to to-. the 9n here OF o' 10 DrH T
py tho recent ahyiaee in t9e t,a. premium; "a rhe ls
rresepI ncyplcsble ihe nap5 have @a,ned s55i
C5 IN their iGgl TeteTye whle teT Iah'luss n'ye
sS;s Of s 81, o9 % a Il ss % % qs""a i",a. s9 ;, cons
pafcd par with last ' week aTc a. under 'aic:
s . s!5,sl. rs S'4fS.:, +, 5,
rSgl@on 80 sse9a .3,ys @s5 o3 RIasiS3 ISs s
LegUi tenders 1870 5}bl'Sii Int...t2sd
IL. ~ r ! u
than tao average prices ofy,s,eray Tuerr has been
among he pure ascs Wore he rofcisn bantcrs VINO
Ss. SeG @ -oS 9 oSs S % S 3r H psa H mo pow
The low quotations however, arc ca cnated
he dSb fSSpTG andaT P the rsesy @ enacted S~ Tor t
low the par Of gold In The afternoon market was
heary R cSws StSys Con a wall street report at oP NJ.
Ussgrrencv es iI2,s l3 s39' G q copp 9l ilSS2s
! Gs, Isl couf,,,i'I il 55o., Il. couH.. o,S ilS
Sos reg MSN i6ss I@ I6 o: g, o.. eoup'''i,SS,A los
-.iOs, : cono 10. igsl 0-ics oGp..,,.i0i'. i01N
In state pouas uncer pressure to sel
new NIrEnius to ~ NorM CarJuuns u 70 ~,
al II, Gcorgia ss V.55 and siina 6s T. Fourth
Nati5ngl Bauk shares sod al los a UoG EXchange
ieated sO@,Os Morris q G,ssx nrsts lci 'siol (;
Union Pacnc', S2'f. "ud CeEtsas. %.
he raway -tarc unrEgt h9s thown more enc lrig,
| oth'r narRcts At the decline ot Yesterday, strong
prices Of railway in view Of .h2 TACT tit EuroIean
| on our market discounted. \ large short
interest has hCcu OF late CrCa ed in some Of the
priacipa stocks, and to-day the shorts We're
frightened into covering, which insisted tho upwaId
reaction. After the close Of tie Long Room Ht8 l.. NJ.
the favorable bank satCue ent used YcLice to
mriher advance prices, ana the maIkct Co-ed strong
well the b ~ figures oi the day With few socks
ia: rs nigh as 96's diyiu.rl ur p cent T. Ok ISL
and also very largely dealt IA, were tde Nlude.
bit stocks, ieHilng, and ONO aud Mis- 'stnp NORTH
western was dun but suUng. Gnc rise in Pacific
Mai due 10 the rrpow that the tOu.-
pnny would Uut on u line Of steamers IN place
OF the North Go.NHl Luyd's plying be.
tween this port and the 'rinct2a ports Of Germany.
ON extreme quotations N'W oIk Central stock .ed
between Qaa and 9i scrip 'uAa. Harlem lA@l2sh,
@Ei-. Northwcs tern common N9NaS Z, referred GA
CsSt4, Rock hl.nl litapll, IT. saul common 2'sts
~. preferred Lctiyk ONO ana Nssisstppl 24. hjs,
and New Jursc, tc.UNl lul 44ljS4. hichlgan Ccu-
trail sold nj lisL4ll'',, Illinois Central l35 ex
| dividend Lue ~, Fort Wayne WeegtI Pan
ana nGiga99 ana Boston, Hartford, and Eric Sii8
-. Investment sccalites were duh, Delaware, Lac.
wanna, AMI West arn selling NJ u5S, Hannioal a1d -:
joseph ll2k, nrelcrru l!., G. G. and l. e. l9s, and
| Gus list was iscinc Maj. an which the dealings were
spirited, the price advancing To g.. against - At the
Cuug. Western Aiun Telegraph was quiet AT - Z.
Wia Marposa urc.cr.cd ttt & tIc rem ipdc, ol u c
hAatCs being neglected, INIItr- shares were dul tHC
only rei nrtal sales heng 100 lam 40 G,5 American
at iia q q, and { nt.d ..tgs 10 t,e4il..
Closing puccs at $3.50 T.. NJ Wcrct
Fd IsdI Rid ASi.
! Y,C&Hc.. gl. 4 & s. nanl;.. ~ ~