The sun. [volume] (New York [N.Y.]) 1833-1916, 1870-03-18
FINlNCI1L AND COMMERCIAL.

| THURSDAY, March 1i-r. M.-The gold marke
has again ocen quiet. aud without interest lie trans
actions. however OF the ordinary amount the
tone OF the market confident daring the morning,
the nuer feeling in foreign exchange, together with
adV'ccs IRON Warrington that tire senate Funding oil
would meet with defeat IN the lower breuch Of Con.
siess This carried up the rrcc from 49, IN. frst
cor!cc sale TO ii-A, the highest point reached. From
ms Tie putc was lowered 20 NV, On Washington ces.
Iut,Iis that Secretary BoutwcI was on the ioor OF
the lljuse urging the OF his bill in original
ior a. passed by the senate. and which induced
Gales speculative account, by the German bankers
~ O'Clock the price rallied to li2. After the formal
close OF the Room there little activity note T.
the Price ranving at l2Wll}. finally closing at II!
Holders or cash gold pad s, T. and AZ cent to have
their balances carried with cent ~ the final rate
after Clearing House. The total c.eara.s the Geld
Exchange Bank were 10000; gold balances 81 Uy.
81 and currency balances, tl4'-,syl. Tue principal
quotations
ioAm.; ..lii e't; ?. M".".ii2ktp ?. M..."li3y
Under more liberal demand. foreign exchan.e has
ruled higher. In the absence Of q glut OF bills
Leading drawers advanced their rates ksS y cent. and
at the close prime bankers 70 DAYS oils quoted
l0st@ossl sight lis OF the grade at l0sAGlOSj.
aud commercial sterling at l05JSsi0.a.
Wal street has been much excited TODAY the dis
coyeiy Of forEery. The vietIm zed party IN the
present. instance Is the weltknown German banking
hrm OF Ne.et. Charles Unger q Co. A person giving
the name OF mitchell called al The offce Of Messrs.
Unzer with letter OF ntroG uction from tie Baltimore
correspondent the home and order for the
purchase 81 $4,000 nve.twentics The
cu:ed and the bonds del vcref payment iot the
being made with n check duly certified on the Ninth
National Bank n this CITY This check has since beea
returned 10 Mr. Unger with the announcement that the
drawer has accounat the baak; and that the cora.
cation forgery. Efforts to trace tle forget nave
thus far be"n unavaiiing The misfortune Of the firm
meets with the sympathy OF the eutire street
The money market stll easily though this
afternoon there was rather more active demand.
which however Produced eject on rates beyond a
lestenns Of negotiations AZ the lower figures Cali
loans Lave ranged from 10 cent on rledgc OF
United State tcnts nnG prime railway collateral cx
ccpional transactions TO leading bond dealer. beng
reported at l. he discount market Is quiet strictly
nrs class accopauces passing ITO cent. and ap-
proved single names Al toi2
Govern elt bonds have been unusually dull though
strong under the fmor tone Of gold the stead
% London quotations the Trce to-day being reported at
S0N Tor co There are but few bonds Offering and
some classes are he'd considerably above The bidding
price, But few bends were changing hands, though
there was rather more huvlng To- Investment under
thc prospective defeat Of the Funding b The market
ciusel itM; and Henry Clews Co. - Wall street.
feporI ats +. NJ;