The sun. [volume] (New York [N.Y.]) 1833-1916, 1870-03-22
iINAScIaL avn COMMERCIAL.

NpNpAT. Msrch PIP M-The rold market
opened firm NJ ii2N but under the advance OF fo cign
exchange TO 10 for sixty days bs and iOo for short
fl IT. t'gcthcr with lower quotations OF our bonds In
London, the Price was advanced to ll2N. The shorts
became frightened tho stronger tone OF the market
and fastened TO cover their contracts which, added to
important rutcha.es by prominent nrm, gave the
market atcmpOrary show OF activity About midday
nc price fell On to llil between winch and INK the
transactions were effected until near 3 O'Clock when
the premium was depressed TO li2N, though snbse.
qucntly reaching l2k at which hgurc 1t continued to
the clote. h. immediate occasion Of the sudden de.
cline was the announcement tJat the House Of Repre-
scntatiVcs voted against the increase OF currency
provided for IN the bill to add nifty millions Of dollars
to the circulation fer the benefit " the South and west
The rates paid iof having ba carried were a. s.
aud cent. The principal quotations wcrei
% \ M...".u2N ll5 M...ii2' tl3 f. M.,,....ireN
ti0 X Mile i5:55 l. M..iisl, h + M,.,,''ii9s
The days business at the Gold Exchange Bank was
Gold cleart slOtDCoc gold talnnccs si,icS0li, and
currency balances, tc29i32. 1hc total imports OF srr,
cic Tor the eek nj this port amounted 10 tS20, max
ing n total since Jan. / OF tSsloN5
Tho money market continues abundantly supplied nj
ids v cent 10 Government houses and sG6 y cent to
stock brokers, on approved collateral. In discounts
there no otIcca activity, the rates remaining a. last
week ut 79iH cent for prime commercial paper
while single names and others lees SHOWN pass at 1di2
Y cent There has not recn "a much demand for cur.
reney from the interior banks as anticipated which
fact Influenced the market In favor ofcasicr rates
The House OF Representatives passed resolution 10.
day declaring 1t TO be the duty OF Congress provide
for the funding Of the national debt rate OF
interest, and 10 extend the time OF s payment 20 pc
ROD when will be the least oppressive to the pcotlc
also expressing that lie incxp dent TO increase the In
bearing debt by the surrender OF any part Of tho
circulating medium not bearing interest THIS resolu.
u n, which passed unanimously, will prevent any
traction Of rreenbacs provided for In the Funding
bill now under consideration before the ways aud
Means Committee.
Government bonds nrmer at the carly Board, in
consequence Of the tone OF gold and the
day advanced prices were from = TO cent better
than Saturdays late figures. Al the nual cali, how.
ne m%Ts' Mas az "a I'D. Graoos Nth dcepc
market closed dull and heavy.
Henry olsWs 60, % " all street, report MSP.Mi
EidAst,it.l. pa. A,ttd.
- ~ &c ....ia ll!% ,5.3n, rl G. ~ Jloix lbs
20 fea, ST. N.i6ss GS 10 S. coaP. ,.iiSosS ~
40. VI, coup. ..iOs2 iOSt Bonds Central II esS q
state bonds were moderately dealt In with an in.
rTGvcpen, o. cent 10 Icpnsns q isyse bond.
i,s, Sgt declined y cent IN Inc AFTERNOON % TX.
Tsnas'.ee, yep. iissgsss No,n,&s.J.:. e eoiS
yirrinia g, cp.. iss.!s,. ~,S.sSae.eyeee 'i1sis
GeGrr,s g. n... IS Ss kssa% SsI.s'ee
\. Carolina 1cp. q s,isiNa6sWa s.. % slp
Missouri ds ....... % az! : Car. j. a J. - ss1
halfway mortgages were steady, Central racincs sel.
ing At eA sapx. and Unions NJ SStmes. rnion Pa DE-
"A; Income bonds, Ah@6.
fho railway share usrket opened nrrn and soon Ne.
came struue with a marked advance on the cad n
sdares The principal dealings we're IN the Northwest
erns Lake shore, Rock Island, and the Vanderbilt
shares At tie o'clock call the whole market nj.
vanced continuing afterward TO improve till tue
close the best prices OF the day recorded 1he
| Nortnvpeterns were the chief feature, the
| comnon openlnc, at 5t and selling 40 .
| ~, the preferred lso advancing ~ ner cent
to s3A. Lake shore also cold ne high M u y I'm.
proV0nent Of nearly cent. nee actions OF a.
morning Rock Island aeo carried 10 1904. g.
o2 cent Central aud liuiton stock REACHED o.. aad
scrip Wv. Harlem sold az las 4tl4oA New JerseN
Central opened ut lOl', and roae ccut.
In the M sceAnenus list western Union telegraph
most active, selling late IN the Jay nj lSA. lac a.
Mail RANGED from So SSH. Express StccAs with.
on, cspeclal ieatq,c