The sun. [volume] (New York [N.Y.]) 1833-1916, 1870-02-14

SATURDAY, Feb l2--P. M.-The gold n afkc' re.
NAMED steady curing the morning hours opcnn. at
lOt and after sell, gat j. cent. decline. nuctu1teI
between 1906 and ~. carry price, clos ~ az al a. SPIN
Aitcr The lomal closing Of the Cold Board, the proc
recedrd TO lHk o. Nmch late uausactious were eject
Ell There appears much discussion to the future
rate Of tie rr,mIum-a majority Of operators believing
10 lower price Il should be remembered. however.
that the Gold Dom Is argey thot and that the 'ong
gold Is clucN' bDld ~ strong parties The German
bankers, who some ton days since. were manru aung
the MAJ ct forarisc and Who purchased At 1913 down
TO IA stul hold large umounte which they were unable
TO Get rd except 1t o-s and they hope TO twist the
shorts, notNth.ru 1dus tnc depressed condition the
market Tie o'rrat1ae of the clique fcr dccliue flr
the purpose Of hrcaSlug the Government BOND market
was not so well defined to-day. and the Gold Room ap.
fearel unaffected ny any outside combinations Tho
strength OF the bond market would ind,cae with.
drawal, Tor the moment Of any active bear move ens
f'f the purpose OF further consultation. The failure OF
CFFeqrtug Co. gold brokers. st eng aged Discus Iu
10 the street. From well.nformed Sources We learn
that about $1,000 Will cover the amount of losses lu.
Cured, which fact will be rising TO many opera.
Tors ana indicates tho reckless VIII ca credit
Is granted to irresponsible nrms II Is essential to
continuance OF the Gold EXCHANGED that prompt action
be taken for the purpose OF ascertaung the financial
status OF its members. The Gold Exchange Bank.
while facilitating the daily transactions OF the Board
yet leaves within the power Of weak members tho nb
ny deal In millions Of gold. when a certified check
for few thousand could not DO from tnur
bank OF deposit Before this bank was msde the mo.
dium Of clearances, amer the September panic pro
tested aganst IL again performing such functions
cause insoVcnt members Of tho Gold Exchange could
deal argely as those OF known hnancia ability; and
tho ia lure Of Fearing Co, for tie nominal six
thousand dollars proof of the correctness tho pos.
non thtn tatru as well - warning % those VINO
Nsely permit hrms OF limited cnnltN 70 operate daily
~ Tho extent OF hundreds Of thousands Of dollars.
Tue steamer Rhine sailed to-day, WIN t5 90 IA spe-
Gle ma. gate Tor the week Of ftlf'i and
since Van, tS0dt5. The Treasury durng The week
ouugnt u 1000 houds sold tOO,DO gold received In
CON Tor customs Dlis0 and paid oUi In coin inter.
kct, Tho rates pall for having balances carried until
Monday were o. ~, aud cent. lho leading quota
uOus wcrei
10 \. N.....l20& i2:l5 T. M..I20Ll p. M......1iqK
II A, Moo. li9h l.. h,.,,,,.lA 10 r. ,,,...IH4
Tho money market continues extremely easy. the
rates iOi cal loans to Government dealers being &to
ccut while stock houses with approved co lat raj
cent, Tie large Tvmtances from the interior, how
ever npncnr 90 have materially esseno 1, and trul-
not such abundance Of National hank notes seeking
temporary employment for several weeks recorded
Iue country ba - nave, on the cont arN been SOLICIT
ng loans IN this market oneung a. collateral their cus
toners paper They are wiling to accept NailonAl
Bans nottb Instead Of Iecnblcks ana have taken con
siderable amounts out % the mlrkof.
Toe total OF the Ocateh banks, as shown
DY their wcoNN exhibit was decreased " no 49,
against ducrea,e OF 81 $685. IN the total abilities
The banks leh In excess OF the - cent reserve re
CURED by law tAl 100 against taa 3ll2l ant week
decrease In inc net reserve OF " SSSlll.
The Government bono market was tflne lower A.
the opening. rom Rred with the closing quotations
last night AZ III day adv 9nced however under tho
AluenSe Of healthy hNehtment demand, prloes Do