The sun. [volume] (New York [N.Y.]) 1833-1916, 1870-07-16

8P. NJ. Considerable comment during the morning
was oecasoDed by The fact that tie gold mar et did
| not respond 40 much as anticipated to the war
| news aud rumors were quietly circulated in the
| street that Secretary Boutwell, was selling gold.
| lms statement We have reason 10 believe in
| correct, and the cause Of the unexpected
tardy advance was really due to the fact that a large
number Of operators who saw 2S and v cent
proht in Il cir TRANSACTIONS regarded prudence the
better part Of valor," and unloaded heavy amounts
upon the street This action undoubtedly prevent
ed the price from reaching one or two points above
those recorded. 1t is not unlikely that these same
specuators will again be purchasers tomorrow at a
further advance, for we do not consider that the
contingencies OF q continental war have vet been
July discounted In tile Gold Room. The market,
however. suddenly became aroused, and prices
quickly advanced IRON 1t6 to 1l6a, in consequence
OF active purchases supposed to be for foreign ac-
count. although sales were subsequently maze at
1867, closing at 116X bid. There appeared very
late in the day quite anxiety TO purchase but there
we're no important offerings Al current quotations.
The views OF operators quite diversive
as to the future course OF the market and ct the
close OF business more doubt and uneer.
tanty were expressed. In the gold loan market the
rates paid for carrying were g. Q. 6k, ~, aud q
cent, though after Clearing House, balances were
made fiat. It'll estimated that the specie shipments
y to,morrow's steamers viii amount to upward OF
tl,5OOOn The largeness Of these shipments is
due TO the fact that some OF the forei IN bankers
we're large buy Of bonds OF lsG9 Frank ort to-
day a. 49, equivalent in currency 70 loi y total
9'i. The principal quotations were;
sto iqA.M.rixolissli2oP.M NJ. .iIsH $40 p MILE
10 y HMinis aSiiiisss s ~ Mii st SsS
condition Of sGnrs In Europe We annex current % Sno'n
sS hsHq Dne Ps%S SsnSs 20 Gs,
SIS jGss ' sss. s ssGs s siH sss6ks
A%s.s5SSR he'll, l1tA Frankfort hSSai Brsmsa.
Ihs money market ID. ing the morning was easy at
and sS9' 6u, rates were advanced 10 the after
recorded Al the hshei figure. This hardening Of rate.
banks specie he Ss Se
Commercis pa ter s carce ana weS nae neSe'a,y
las. sn0ted rates, the eaIrensy gaaace 10 Treas
Inc gold 6alanes wa. IliscOJOOO or winch si6SOo 700
:. The GoveinmenI bond market has been ncayy aud
,RS od SoS assas os sske esaA Tho 10 60 VIZ.
, lies Than Dsrhsp. might nsys bee sIPec,ed view
Che t6ssEa q s,, ssSs' g the ASns narKs
s 5s st ths9 Sc sie and .GEssrsnGss would
has aireaay been FL 4. s6oye stated, soas large
Or. In sddlnon % which leading dealers report
s rEe the srf DIR. iST aSs NJ rars. who sSd out
and he eed a ds SsS sif 9ST
Henry Clews Co.. u Wall street. report at T. NJ:
U.s;eprrencv ss.Iis Ish sos ss. COUP. los 1917
Is l&l, reg......lisK III $40, Is cJ.&JIOs iOs4
2. lssl coup: ilsx nt sas, W, coup. lOsx issS
~ res,h eN'iB igsh 5.os. ". COUP. .I0s4 lDSH
$40: Z s ooaD.iSs & S.S: ssis he
ri In STATE SOad, the rrinepa dealing. we're in the
the old issues were nrm at b51 the decl ming ~
cent TO "a Old North Caronas cent. 10 ST. the new
Tue Funding act bondA OF lss sold S. Missouri G. At
yl LOUISIANA q PeniteataTy) 10Y, South CarolinAs
new al rs ana Arkansas e 75S City DanS shares
Eere Neglected American Exchange selling al lis
iowa TO S!k. -
IEe railway share market has been active and x.
cited renlilY resgondhg to the general ef
j. cute Ger ain The market opened wgak ana fever.
q, hnd after momentary fractional reaction de- |
g. ned holders OF stocks becoming demora ized and
equaeh TOT many months. Tie amount ehares thus
aspyt ed 81 was enormous aud at time during me
Leghlh or the eNcnement attendant upon tine cable
DISPATCHES, the market the OF pane I'm
70 M second call prlc"s had declined 10 cehf |
AZ hs luncture tae downward reaesloB chccNed,
heaNy m tue belief that the foreign mAgn.
ned aud that a war should be dee ared the prominent
railways would LARGELY Increase tutlT uy ans-
por'Aon OF gram, &c. 70 udewater advance
thtlr values lhiA Improvement, however. was but |
tinporAry Tor sub equenty upon the yaacc In god
We Two markets nuctgatDg dyersey, price, took
theF DOWNWARD turn, though to the loves n INT
heretofore touched. In marked exception Northwest
ei common WIS strong. and advanced nom az to
tSh, Tie preferred ranging between s6fS7 The sup- |
curing the day;