New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-07-16
'ssFAra aAriA1 ask So WHOLE NUMBER 1923.

| .r
in discount, Exchange opened dull and
| nominal During the afternoon, unsettled
by fluctuations in gold and foreign news,
| quoted at 97s a 10.
Government securities opened unsettled
by European news with wide and frequerlt
fluctuations. During the afternoon, steady
with some recovery from the lowest point;
closed dull and weak. 8ls, 1879, 52Os Of
1862, 109; 64s, 100; 65s, 109; new, 108; 67s,
1884; 66s, 1854; 10-40s 107. s1
Gold excitement in Wall street to-day,
especially in gold room, was greater than
any previous time since the war fever in
Europe. The gold room was the scene Of
the widest excitement. Fluctuations were
wide and frequent during the day. French
rentes opened ut 65f Soc, accompanied with
kilograms that the Prussian ports were to
be b0mbardedl Immediately, and that great
excitement existed in Berlin, and through
ont Germany. H~isiiFi n e 20 ffssN
On this news the price Of gold jumped to
f47s, but quickly reacted to 1919, when 1t
was announced that French rentes were up
to 66 francs and 80 centimes, and that in
Paris there was no more hope Of peace.
Telcgrams came thick and fast, and to the
effect that Prussia was naassing her troOps
and that the French fleet had sailed TO
blockade Prussian ports. a Aalf
At this crisis it was reported from Wash
ington that Grant and his Cabinet, in con-
MIO1CGef. were
pressing Congress to pass o bill whereby the
United States government should b; en-
powered to grant American registers to for
eign built ships, when purchased BY Amer
ican citizens This caused another jump in
gold, and the price rose to 114a4. Es
At this point French kilograms were more
peaceful in purport, and the war feeling on
the part Of Germany, it was reported, had
somewhat subsidized. This caused a decline
mol IN Hot
rose to Il4A, and remained at about that
price for some little time. ~ =. slstf9
After the announcement that the Corps
Legislatif had declared war, the following
was received from Washington: n
The Prussian minister's telegram was
read in the House, to the effect that Prussia
accepts the issue and declares war against
France. tGreat applause. ss17sFa
This news caused a rise in gold to a5.
The gold room now presented a scene Of
great excitement. During the entire after-
noon the excitement on Wall street COZ
tinued. At one time an advance in French
rentes from 64.50 to $3.50 was, reported,
which was interpreted as slight ray Of hope
for peace. On this news gold fell off from
1l51s te 14A, but atthe close French rentes
were quoted at 66 and failing, while cable
kilograms were more warlike again, and
spoke of q conflict as inevitable at an early
day. This caused q rise in gold to the high
est point of the day, and the market closed
very strong at 116A G116a4. sssasis.a ksss
Southern securities opened dnll, and very
few quotations were made. During the af-
ternoon they were generally dull and heavy
for new issues of Tennessees and North Car
olinas; and on most of the others the hid
ding and asking were wide apart. Tennes-
see sixes at 66l9, new at IS; Virginia skies
at 81, new at. 67s4; Louisiana sixes at ~,
new at 70; Levee skies at "a, eights at 80;
Alabama eights at 10l; Georgia skies ut s.,
sevens at 81; North Carolina sevens at so,
new at 80; South Carolina sevens at S71s,
new at 78l1. +sIa t5 5s74 tsyah rises