The sun. [volume] (New York [N.Y.]) 1833-1916, 1870-02-04
FINANCIAL AND COMMERCIAL.

THURSDAY, Feb. S-P. M.-The gold market
opened ut i2iA. with feversh feelings PARTIAL, in.
duced BY the conflicting Interpretation OF tho currency
bill which passed the sonate WEDNESDAY. For some
days We have recorded quiet buyna movement In
gold. preparatory to another trning upward turn,
but the scene changed to-day. tie clqucs. with
others who were attempting to follow tho current sud
denly BEGAN 70 unload. There heavy i2IA
@t2ik but when the market became heavy and fell
i2i ttero stampede ninorg the small operators.
who rushcd In TO SELL the Price declining ROY. with
late sscs ~ iNk. Tho Currency Bill, which was pub
shcd In THE mornings issue sent to the Lower
House this nfternoon Secretary Boutwell, forward.
Ell to the scnate, his funding Ln which provides tor
one thousand 1vs hundred millions OF dollars OF new
bonds ave hundrcd NIL ions or which shall bear
cent. Interest twenty yenrs, but redeemaSle at
any time aer the expiration Of ten The second
series viii carry ~ cent interest and have thirty
years to run, while tie third series will bear
Interest and lie rayaDe In forty years. The second
SERVES will not be Issued until after the cent. bonds
are sold.
In the GOD loan market tho paid for having bal
anccs carried were, a, 0K. and T. after Clearing
house ho1rs 80. The total clcnrngs at the old Ex.
chart &C. Bank were t5,1istoO gold dances tNitso,
ana currency balances, tge27. The principal quota
tons
i0A,M.......i7iA. g.eO r. w. .1poJ.l,soP M.,..ieox
iP M......l2iA3 = Mo-. ..l2iSs $40 4. M......llOh
Foreign exchange Of the close weak, leading
drawers having reduced their mk!ng rates to iOsN,
sterling at losA0lOsX The sale OF one million gold to.
day ny the Treasury responded TO BY bids aggre.
eating Ooo0 at prices ranging nom i20Cl to i9lsik
The mon'y market hns shown essentially new
feature call loans havire ranged nom to cent de-
pending on the collateral Tho banks thif afternoon
were freely Offering round amounts to the leading bond
dealers at the lower rate. The receipts OF currency
from the interior ttil LIBERAL though on = some.
what reduced scale. There SIN nm active dem and f,r
commercial paper, choice seeeptanccs finding ready
sale among city and country banss, wei rs private
buyers. Gilt ecced names pass low ~ cent,
though ihe general rat. are 81 tos cent, single Sig
natnIes clanelng ron, cent upward
trsnssc,ions restricted seaic Price, have de-
%ps61 & tS SS' Of soG H
re vnriou, financial munitions readily Sbs;rS al
SanSsT, a! 5ne Irc'.n, HIS i,no2sa e prevail
Al rSH'ona0ls rae % interest tie demand from abroad
Henry cle%s Z Co. Sc Wall street, rcpor, a. follows,
Us Currency oiIis ms ,2o.. yo. conn; .il.s IS
= Isl is s 80 "a: y e J. ii
-: 8 s! ~ ,.!Is sss 80 - y SSaS:. lS
Oo9f ~. 9:ys been generally ;trGns active
sSn .s een, to t9S pui a the GlsrooOn reae Ted
At Tor Old and IS o Dr. new Old SS Sf
s Ggins a5@ =! g. The new rsl9e Gent 20
sour sSs being ,ronE a. q aud he hannb. and
and 6trOng. In Railway bonds the Pacific mortgages
we're tne Eature Ceatas selling at g., and Unions at
ahasst nrsls OF oumluf, Chicago AID Indiana Cen
ira adv Ancing TO IN.
lie Hallway share market opened strong but was
heavy Of The dst Board rvActng ugain NJ hei O'Clock
Board Later IN tho afternoon, undcT pressure o. re-
an Nc sales the mar Ct submitted TO genera decline
OF 10 ceut. closing steady. Rock Island has at
raCtcd less afternoon than for several day. prryous
AID the price has ranged from max lie. closing at
lax. The NandSrbli stocks were extensively traded
N. New YORK Central stock rang n from W !. to Va
aud the lnol. Cent al iron esk . Next In point Of
ntc est were tue shares, Lake shore and
Heading. Northwestern common ranged flom i2s1 TO
.Sh Preferred g. SqS.; Lake shore IS to S5h, a1d
Heading 10y TO bk Tue 81. Pau shares were steady
a. t9g'SS for common, and - to 65k for preferred
Chicago ard Alton cold At 11J HannOa and 81 Jo.cya
eOmmon nj l0i The Ireierrea at l(Gs@l01L. Dubuque
and sioux GUY At lrh, New York and New Hayea ut
i5Ja. and Panama at i1S
1he msceiianeous shares were active, Canton being
The feature and rising from 81 to ~. Western Union
Telegraph was strong At h5setgk. and QuIcssver At
IN haTiposa referred was weak, declining IRON 2ck
70 ~ Racine Mail opcned AZ and adv ancNd II ~
nnt later deSlne1 10 tet; a rcss shaies were arm