The sun. [volume] (New York [N.Y.]) 1833-1916, 1870-03-15
FINANCIAL AND ooAMERcIAL {.

MosDAr, March 14-P M-Tho gold ngko, has
been devoid Of special excit ment throughout tho
day, although the dealings have been large. The Ars
recorded sale was effected at i2H. from which II 3D.
vsnced 10 Il3N, but under the weak and demorallsed
condition Of foreign exchange declined 70 1t2k aaa
resctng to ii2 followed by slster decline 10 ii2k.
further reduction IN exchange rates again lowered the
price TO l2A when tho resolution OF Senator Sumner
depressed the market 70 III \, though cosipg tSP.
at cent. advance This resolution was certainly not
calculated in itself to depres the premium. asnuch
proposes that each national bank shall Increase lt
by amontly purchase OF gold equal IN
TO cent OF hs circulation for the balance OF the
yesr islo and which, passed, would extra
demand for gold ~ the extent Of q 100000 per month";
for the unexprcd balance OF tho year about ssoooo
but tho clause providing for the resumption OF soccle
paymcnts on January I, 1871, wac nrst announced
the street. without the accompanying national bank
provision, aud the bcars tn deprsss the market
caused tho decline Of y v cent, ne above noted.
The price aferward rallied TO 1i2h, on wasbinston
oespatches tina. the Committee on Foreign Relations
had decided, aer their interview with Secretary Fish.
TO report resolution recording bellgeropt rights 10
Cubans but at tao cloeothe market sold of oiik
Private dispatches received In Wall street reported
Senator summers bin az providing for the monthly
purchase OF goio by the national banNs at the OF
-four OF their circulation, which would absorb
about $1lec0o Of god during tho prVssnt year, but
later advces correct the rate TO cent Withdraw
lag from the market SOS 10000. as above stated.
IN the gold loan Arket the paid having bal.
nncos carried were s. T. 81, g. and amer Clearing House
cent Tho tttal clearines at the Gold Exchange
Bank were &,icgceOi gold balances siISlS9. and
were.
g 4. N.,...ll2t ietS ?. M-..lleA " M,....llR
lgD a. M..lias. 1850 T. Me-. 12lf 100 Z. N....ti'k
i!;iS y. M....it2N =; =. Ming $50 r. N...lilx
rndsr the Increased snrry OF bills drawn against
'huments Of cotton ana AnefIcan sccur tcs tic Tor.
eign eNchanre market been weak. with reduction
&C rates ~ tho rlo'c 10 l05NeiG for prime bankers
sNtE dave oils. resssi0sN Tor short sight, and
" A@W,S Tor commercial sterling Tine imports Of
iQal since January OF e. gs 80 same time iu ist9
fltsiiSI; IN ISIS, = l0hs31; IN iSf7. Sf00rA
rue week opened upon an eafy money market, call
lndns ranging from TO 6rcr cent 0ercnditg upon the
cent. ~ The close there slightly In proved de.
mans, which was met ~ apOvc There APPEAR To nc
some Ia NJ SiTuontf of CurnnCv to pOntil
Va ontciyHuon OF the 1T OF April paymeni-i bnt IN
lass Necks statement. no Carp cutyrtainot ahy
-utcta -trncencN 10 tue kvt In the discount mar.
Net there y NJ partieu nr Change 20 prime
ccpanee- pae.inf at MIN cent and approved single
Tue Government oond market has been unsettled and
tcVcrh b, manly responding TO the cod both
deriving sccuia I've excitement and tho
acuon " tonstefs m re erence to tuudin1 measures
have been Calculated to render toe market unsteady
The quotation foF lNty-twos at London report
ed ~ VA, uudct VII eli, an nIm teehng IN gold, the
market opeued strong and buoyant Al advance on
Tue entr. Hat THIS was not mnlnaiel At the second
Board. the market roacti Y to per cont and
curing the reman,bN 81 the DAY wa quiet closing ~
verlsh Th, sixty. evens the continued feature.
ranging irnm icst TO loat. closIns at i0sS Eighty.
once were rrrn Al iA@iis and currency stro1s
GiilktslsS