The sun. [volume] (New York [N.Y.]) 1833-1916, 1870-06-24

THURSDAY, June 23-P. M.-Wall street was the
scene OF considerable excitement to-day occaaioned by
the failure Of Mr. James Boyd, prominent gold and
stock broker. The parties fer whom Mr.. Boyd
acted yesterday failed TO furnish further iunds,
and hat gentleman consequently notified his cred.
itoEs that lie could not meet his contracts. About
one million OF gold was sold out under rule
the balance. amounting to nearly six millions
being either held over, or settled privately /;
bet the failure caused sudden stampede In the piics
selling down rom ii2k to lIis after tho formal
commencement OF business. At this point the market
was on tie verge OF panic. while Outside operators
fastened 20 throw overheard their purchases The
same clique was also heavily long OF stocks-ncary
forty thousand shaIcC-rr.ncipaly Pacific Mail, Ohio
ana Mississippi. Lake Shore. and New YORK Central;
but majority Of thcs shares were also settled Pm.
vaioy, and the fren Dc OF Lake Shore and Central
sustained those tocEs the share market rallied
the early decline though subsequently became feyerish
ard Irregular. The general market throughout the day
active and excited, while the dealings were chiefly
IN small amounts. The vigorous attempts heretofore
recorded By certain combinations to break tic stock
marSet, BY causing stampede In gold while not so
successful to-day might be reasonably OK.
pcctcd yet has demorazed operators and there
was an evident desire among holders to sci cut. Low
or prices are not improbable within few days.
The leading rates Tor gold ranged roa nat iGI OF
v cent for borrowing Balances being carried at / y
cent after Clearing House hours. Cpon Inquiry at the
Sub Treasury have asccrtancd that no nstructIons
icrest without rebate, nor to sell the gold interest on
the bonds pure hGsed by the Government for the sink
ing fund. The Malta sailed to-day without specie Tho
total cearings at the Gold Exchange Bank were So.
1900; gold balances, 81, lCs and currency ba,.
nLccs, Si,Cil,il5. The principal quotations were:
"a. M........ll2k ic:i3 A. M.llla, 4 q. M....Iifk
10 4. M".....,.ils GP Mills $50 + M......iii&
Foiesn exchange at the close was weak, leading
drawers having Icouced their rates cent, Urine CO
Gays sterling being quoted at l0g ,O9a sight IOyse.
nov, aud commercial, lOli,clGJ,. FraGcs on Paris
arc acayY at rates heretofore quotcI
1he money market continues eusY and without per.
ceptible change in rates borrowers on cal readily
supplying their requirements at q cent on
pledge Of acceptable collateral, though exccp.
uOnal TRANSACTIONS are reported at . anus Discounts
arc ~ eood inquiry prime short date acccl aaccs NOV
ing at goo 4 ceat.. and good cudoned notes 5l4a7.
The proposals of the Assistant Treasurer to purchase
cue million nyetwentes for the sinking Fund elected
offerings TO the amoant ot SiSS0, at prices ranging
from 9's 70 ll5 eA interest," he awards were made
me- Government bond market has been heavy and
lower ~ sympathy with the break In gold though the
s5ys1s haylag Welded out !. = cent, The purchases
hsnds We're moi uned b Snang a1
Washington, the sueet having 6cen unusually nee OF
tnsy csws wa street cSI rep sH'o at I"a qua
Z ISL ii az a @ G. co sep a5 f$ NI ii
~ sscaag&X!" HI 30, go g. coup iis HIS
5cs, e. S coao A iiHe Gc %fi f. g. I'D. 81 iS
=, There has been wei distributed bgs mess in state
bonds, though the sales were hight The 1cnnessees
ana M were most acuye, the cid issues Of the
former declining ceut to tGi4 ana the new Ct TO
bki hlstoulls icing strong al ui& and North Carolina
special TAX 1915 Alabama ~ lOlE Louisiana leVee
t5Ej Brooklyn cty 6s IS. Fourth National TANK shares
sold az 1915 Man attain, 100; AMI American kxchancc
ll3. Railway bonds were strong ana IN good demand
particularly The Pncc,.s alos ofCcntras icing rcnorted
~ "k aud tnops S1i land grants being quoted ~ 20
't.si meomes s6eesSt ana stock; MGR
On extreme CLoAtons New York Central stock
ranged from ts to @5., seri9 BHsgiI heading lOd.G
west common &1GSl preferred s1Aasy4, Rock leland
lfk@ NY IT. Paul common OOH ufO5s, efrrpI 40
sh, ono and Mississippi 3set5o. New Jersey Cen.
trai l0sSiCsS. Erie was quiet at 24a2lE. Pittsburgh
l0JI@ 1854, Fort Wayne yIA ty5, and Harlem lOtlO1
Boston Hartford aud Erie was weaE, and clme,i
from ~ to on the reported defeat IN the Anssa.
chusetts Senate Of the bill alluded 10 this
morning. Investment securities were m good request
ii9anioa and - Joseph common ranging At lliId
steady nj e0I@l0Ai Chicago and Alton, lis; Delaware.
Laekawanla and Western. lll9liiA Morris and Essex,
ncons list, the feature Pacific Mall which was &C.
lively dealt IN at AZ tO42S Western Union Teeg abh
was nrm at aS&S5i Atlantic Mail 70 sa5& and Mar.
pO.a preferred weak at pk9lJ Express shares
dull upited States selling az ~, and ellis Fargo a.
Adams declining from g. to Cox.
Closing prices az D L. NJ;