The sun. [volume] (New York [N.Y.]) 1833-1916, 1870-04-25
FINANCIAL AND COMMERCIAL.

SATURDAY, April 23-P. M.-The gold market
exhibited much strength throughout the day although
there were important realizing sales strong clique
ready to take hold Of gold but their plans
somewhat ntefered with by certain parties who short
time since the price up 10 iitt and who st
unable TO cell out, except at loss. The program
OF the clique early In the week deptess the
premium TO about my or Ill. when they would load
and make a three four cent. rise. and
euently quite heavy sold short TO effect
th. result. The general belief however. In higher
prices OF gold during the months has been
peciay reelected In the market during the week and
strong andertone has been thus impaired when pre-
vented any marked decline and, while the transac
tons light prices been subjected to lees
than the usual fluctuations The nrmncss OF foreign
exchange also had Its nnueece the premium. and
the purchases of German bankers who had sold the
market short aud desired cover, improved the gene
raj strength OF prices and somewhat mystned the Gold
Room operators. The coming week will foreshAdow
the operations Of the clique above alluded to- and
more active dealings confidently predicted. The
huoyaucy OF the stock market to-day withdrew many
operators rom the God Room. who had orders TO MI
In the railway market and consequently the operations
q limited scale. As Indicated In this mornings
saae esey Of sSa sy SekHr " @S anS
ss % sRn % SThs e ss,Sr The a
while number OF transactions were made nat, and m
soid uan aSaany RTiyats dsspsIs5s. rom %asninE;
lie subject Of lie Funding bill under discussion to.
Gay and that an entirely new Pin VIII be offered TN.
OF tile present bill as passed the Sc nate ana as the
measure will doubtless adverse TO the views OF
the ppncr branch OF Con Ercse there IA little probability
Of financial bill being agreed upon during the pres mt
session THIS belief further confirmed by the TACT that
leading operations IN the Gold Room who were endenv
past week quietly covering their thort sales at
The OF ening price Il3I and subsequently lish.
which figure there were free offerings, and the mar
ket consequently fcl on pr cent but aSaln Iallei
reaching the CHEAT point Of tho day, with majority
of salcs however, at llSh.
Foreisn exchange mas been Arm At l09elo9H for
prue sixty days bills. and 09NlVlh for short sight
The business, however has been get anl the offerings
of bills limited.
tn, genc Al rate however at $40 cent on stock col
lateral, and ia5 TO nstcass Government houses. Ex
ceptonal loans til Monday were made as low as
cent fol- the purpose OF securing two days Interest,
though Ills low rate cannot be accepted as criterion
OF the market 1hc banks report heavy renflnnces
from the country during the week. and much fculty
Is experienced In probably employing the daily M
creasing ,urpus. The weekly bank exhibit reflects the
growing case and shows an increase In The total reserve
Of f5, vita an increase OF only tSS 900 IN the total
labi tiles.
Tne Government bond market wss strong throughout
the day. The offerings were light while orders nom
Western financial ust utons, rs well as private iayost.
any time dining the week. Under the Influence OF
this important investment demand as well a. the Grnl
tone Of the Eald and foreign exchange rkes, prices
became ST. and At the close Indicated tn highest
figures Of the day. The extreme In money has at
tAced the city banks 10 the bond Market and foreign
due the LIST Of hA, which bv recent Instructions
the Secretary VIII be pad the 18th inst, The
market closed strong aud Henry Cews d Co.. 80 Wal
street. report at iSO L. NJ;