The sun. [volume] (New York [N.Y.]) 1833-1916, 1870-07-19
FINANCIAL AND ooxmERcIAL.

MONDAY, July fs-P. M.-European dispatches
resolved thin morning caused sharp advance in the
gold Market with prices active and buoyant at an early
hour Before the formal commencement OF business
sales we're made 90 high IFS, sgsinst i6x at the close
on Saturday but RON his point declined v GENITAL
lois A. NJ Then commenced ,eries OF active trans
action, seldom witnessed In he beet days Of the COLO
Room and ooc ssoned by cable spstches that Russia
had espoused the Prussian cause. Inc nuc.usuon'
were rapid that record OF the same IN 'ne us wa"
Impossible, there being ten changes per minute -
1921. The price rapidly advanced selling ~ 10 ~
l2:2s-a rise Of ~ v cent IN seven minutes ~ "s
point the Gold Room the scene OF wild excitement
especially while the short intercs; fastened to cover
A reaction, however. soon succeeded, aud the
feeling was generally expressed That such
quick advance was more sudden than even more
serious complications would warrant More favorable
dispatches during the afternoon nom the London STOCK
Exchange caused q decline in price TO lieH though
later In the dsy under rtmors Of panic in Liverpool.
the Price was again carried to 49, assisted by reports
that from We TO millions Of gold would be shipped
by Wednesday, steamer. While the day = TRANSACTIONS
have been very largc-the Registers book recording
two hundred and nifty changes between the hours OF 10
O'Clock and 7. NJ, yet there has been no excitement
or volume Of business which, in any respect except
activity, would rival the famous panic OF September
last The market will continue active with frequent
sharp fluctuations, until more definite Information
respecting the course OF England ana the other Euro
pean powers IL received. A rejected In to-days deal
ings, the market was tvayed entirely by conflicting
cable kilograms until the street became befogged by
the contradictory news.
In the gold loan market the rates paid for carrying
were O. 8. and 81, and after Clearing House s. The i'm
ports Of specie for the past week were te So total
since January Of 1921 e7 against to7i 700 for the
same time in 1852 ~ COS 80 VI is. and tesg1s In 1851
It's estimated that the steamer wednesday will
take out from Ave to seven millions dollars In specie
The total clcarings at the Gold Exchange BANK were
gold balances 81 015l and currency bal.
auces, t2.5li si5. the principal quotations were
eto OA.M.li5h6iis ll2hiP. M.lsOA T.. M.".",.lOA
lOA. M.,.......lii% siA I'm .iIb5 L. M..."..'.i1
Foreign exchange has been strong, though tho de.
mand is limited owing to the excited condition OF Eu
ropcan AFFAIR." Continental bills NOMINAL aud rate
for stvrlmg are without quoable chs;sc from satur
| day.
The week opened with money in rood supply ~ and
cent on call pending upya collateral. L. the
afternoon more active desiand was reported anu ~
high as the full legal ste raid. Discounts arc In
good dcmand, and prime metcAntllr acceptances rnd
ready sale al ang Irnt ,n I'm m @ i "
"Wednesday, aud the purchase OF an e1nal amount Of
GoyeTnl,eS. bonds we're some what excited ov er the
tenor OF foreign dispatches, the decline OF our eecur
tic iu Jndon and the consequent renewed salos by
inc ieSr sss o eet Tpos he receipt Of
respaches indicating batter feeling IN securities at
aSa,n appeared in lie market a. Tree purchaser while
At the same time selling go 70 Large amo9npi ihS
low London quotations the effect being neutralized BY
the i advance in gold. The eishty.Ones aud currency
SKIES were noiicesby weak; me nstganed aroppln;
Lead ng dealers report large orders 20 purchase iOr
yestpient, aud the market closed with cheerful
Henry Clcws Co.. 70 wall street. rcpor, at p. NJ;