The Leavenworth weekly times. [volume] (Leavenworth, Kan.) 1870-1880, 1870-07-28


will have on our prosperity. Its first inAu-
ence has been seen in stopping German i'm
migration, and that will continue as long as
the war lasts Our los this year is estimated
At 10000 immigrants. Nearly all Of tl,e-e
persons bring money with them and their
Labor and skill are immediately productive
on their arrival here. This Is a negative
los, bat very important one. especially I"
our new States.
The croys, in the United Staie- are proba-
blv better and larger than ever i,efore. A
long Wal will make demand for our sur
plus for expectation, and at high figures.
This will lie gain which every farmer and
business man can al.rr caie. and from which
the whole people WI zap an abundant
harvest The Fin .c;.il Chronicle says:
"Jhe effect. OF tn rar upon this country
cannot hut be of the fret importance. In
certainty Of any kind makes capital timid,
and depres-es securitie-; and our bonds have
suffered, in European markets, in company
with thuse Of other nations. But this result
il temporary; and there is no reason to ex-
pet that any lasting distrust Of our credit can
be produced by broil which merely makes
its excellence more prominent, in view OF the
fact that We are sure {" remain at peace who
ever fights beyond seas. In all other res
poets the war can only add to the immediate
prosperity Of trade and industry in the Uni
ted States. While Europe fights We must
send her food and clothing, at our own prices,
as we'll rs bonds and stocks, in which she
may wish to inves; little Of her savings at
distance from TIE storm After the first
furry Of disturbance il over, the course Of
the exchanges and the value of all our secu-
rites which depend on active trade can
scarcely fail to improve
Thus far we have had rise
in gold Of about twelve points,
and a small depreciation in government
stocks. Our own people are more able and
willing TO invest in our bonds DOW than they
were while our war was in progress. 1t is
an investment free from taxation, and one of
which nearly every workingman can avail
himself The interest is high and paid in
gold semi-annually. Should our bonds be
sent home from Europe very largely and at
depressed rates, they will be taken up here,
and the people and the government will be
the stronger for this home investment.
In view Of the-e facts it becomes important
to watch the changes in the market. Bonds
are issued in as small sums as fifty dollars,
and the farmers will make good bargains who
sell wheat and corn at high prices and buy
sold-bcaring and taxation-exempt bonds at
low prices. The war can hardly lie other
than commercial gain to this country. The
following quotations will show the recent
fluctuations in the money market.
From the New York Sun, Tuesday.
MONDAY, July lS-P. M.-European de-
spatchcs received this morning caused a
sharp advance in the gold market, with
prices active and tonyant at an early hour
Before the formal commencement of business
sales were made as high as lis, against 116s
at the close on Saturday, but from this point
declined per cent at 10:l5 4. NJ. Then
commenced serious Of transactions seldom
witnessed in the best DAYS of the Gold Room,
and occasioned by cable dispatches that Rus
sia had espoused the Prussian cause. The
fluctuations were SO rapid that record of
the same on the dial was impossible,
there being ten changes lser minute at 1921.
The price rapidly advanced, selling at 123
at I2:2S-a rise of q per cent. in seven
minutes. At this point the Gold Room was
scene of wild excitement, especially while
short interest hastened to cover. A reac-
ton, however, soon succeeded, and the feel
ing was generally expressed that such quick
advance was more sudden than even more
serious complications would warrant. More
favorable dispatches during tic s1erIrUn
from the London Stock Exchange CAUSED a
decline in price to 1871, though later in the
day, under rImors Of a panic in Liverpool,
the price was again carried to L., assisted
BY reports that from five 10 seven millions of
gold would bc shipped by "Wednesday =
steamer.
Government bonds were somew hat excited
over the tenor of foreign dispatches, the de-
cline of our securities IN London and the
consequent renewed sales by the foreign
bankers, and prices yielded &@s e cent.
the ten-forties falling off ] = cent. Upon
the receipt Of dispatches indicating better
feeling in securities at London, prices inn
proved, and the Ger'.-:l ..ahkers aS.,in ap-
peared in the market AZ free purchasers,
while at the same time selling gold in large
amounts. The decline of the morning was
less than warranted nv the low London quo
tations. the effect being neutralized by the
stiff advance in gold. Tie eightycncs and
currency skies were noticeably weak, the first
r.p, Al l.&So
lila, fall Of about = e cent. Leading
dealers report Large orders to purchase for
investment, and the market closed with a
cheerful feeling.
from the New York Sun, "Wednesday.
TUESDAY, July l9-P. M.-The gold mar
was less active during the morning, and the
fluctuations within a narrow range. In the
afternoon, however, under the influence OF
private cable dispatches announcing heavy
decline in consols and bonds in London, the
gold market rallied, and for a time became
equal in activity to the hest Of Yesterday
transactions. The price was carried up TO
1926, the highest point yet attained since the
present upward movement commenced. As
vet to-day there is no definite information at
hand, except the fact that the London Stock
Exchange is panicky. Soon after this an
noupcen,ent, private dispatches s.lirmed that
the Bank of France hand suspended specie
payments, and the eager purchasers were
suddenly anxious sellers. The price thus
declined to l22, closing at 6:l5 p. IN. NJ
122} bid.
Government bonds opened firm and frac-
tion higher, under the improved tone of the
London market There was little disposition
on the part of the foreign bankers to operate,
on the account of the lack of dispatches from,
their correspondents. In the afternoon.
when cable dispatches announced panic in
the London Stock Exchange, and decline
in bonds to go the lowest point vet touched,
prices fell of Ia (, but subsequently, reacted,
closing steady.
THE question as to which railroad shall
have the RICH; of way through the Cherokee
lands has been finally decided by the Attor.
ney General. The contest was chiefly be-
tween the JOY, Missouri River and For,
Scott road and the Parsons road, one through
the Neo>ho valley Thedecision was in favor
Of the latter line Some time since Secretary
Cox decided, after hearing full argument on
10th sides, that under the treaty but a single
trunk line could be built through the Indian
country. This decision is affirmed. and the
above road designated Parsons 1T once tcle-
graPhed 10 put large fore at work on the
grades.
WHEN Louis Napoleon proclaimed him.