The sun. [volume] (New York [N.Y.]) 1833-1916, 1870-07-12

MONDAY, July lip. M.-wall street was the
scene OF nrstclass excitement today the gold
ket being the chief feature attraction Our readers
were this morning informed OF the sharp advance OF
gold on Saturday night at the Finh Avenuc Hotel 70
lSN and before O'Clock this morning the Gold Room
filed with anxious and excited operators. Before
the formal commcne mcnt OF business sales made
Mt 1nH@1l5k, though the nrst recorded transaction
indicated ouly 1i5k. The varied fluctuations were
frequent and rapidly noted than at any period
since the famous 18th Of September The cable kilograms
OF yesterday and this morning stimu ated the excite
ment and the dealings scale Of unusual mag
nuude. More pacific from Europe during the day
however served to aay apprehcnslons OF Continental
under this influence the price gradually de-
ened untii touching Ii2N baifpast O'Clock though
subsequently, reneung TO ll3k bid at the close II r.
extremely difeult express worthy and rela-
bic opinion OF The future Of the market because
so II. IN and really AL depends upon the whms
capr' or the French Emperor. That a slight casus
BEN would &C eadly accepted Nv the french Govern
nent Is plainly appaI-"s - war s,feuKtn.n
the Emperor. position. make the French nation
forget tho PotsciS mbrogho. The better English and
French Boursc' however, this sfterno caused q
sharp advance In United States securities the Ion
DON markets, and French reHfes materially I'm
proved. The leading German bankers were sellers OF
gold late this afternoon whic free buyers ealy In
day. Private despat hes from Frankfort ase Ar'e,sr
dam directing gold purchases morning we're soon
after cOuntcrmanded whicn TACT would seem 70 lndi.
The rates paid for carrying gold were So O., ane
cent, aitr Clearing Honsc balsnces eemg carriei
frec OF interest The Imports OF seie a. this port for
the past week amounted 70 sS5 sec. making totl
since January OF sZss,soi against so6545 for a.
period in 1869. and ssS5i. isos. The toth
clearngs at the Gold Exchange Bank $751; SD0J
gold balances o., ~ SO and currency balances SIS
Go. The principal quotations werei
"a M......Iltk 1881 liakls.s0 =. M......iisK
SS ai is : So + n. i;y i biS
Foreign exchange has been strong, and under the
indifference Of bankers about drawing, rates have
been advanced cent to no. sight sterling standing
. cent higher; At these rates double eagles can be
the early hours OF the DAY at SOS = CENT Win ths
f ss day HaT there desns Siter M ~
cs 2R i5Sn. We're Geey n%dcp at H'T'' AID '5 e.
theory n.s. rs var in Europe woad call for large ar
s9unt % gSd 70; export &c LEGAL ressrye OF l6e
have the effect OF hardening rates SUBJECT fair
strictly nrstciass acceptinces moving It 6a5E cent
and nsmGs les, ttao93rSo kn9wn a. P There Is 6pt
Assistant Treasurer White received proposal, for .he
Friday gold sale, The total amount o. bonds offered
total a % n hs
GoyeTnment bonds IN London, sixtytMos efops;ne
about 20 sc1 together with the nee ssss q
Rs e pree Il Sd scs
s Hs o at he cSR Psn S s'C sH.ss u de
OF saturday quotations a.. the noon call standing
"a cent. lower. Tho DaTket unsettled aud
feyersh, being entertSned In quarters that
the political complications in Europe would result In
return OF bonds TO tins centre. We cannot, howey.
er. ascertain that any important Gales have thus far
been made on foreign Account The fail In bonds has
been less than would naturally have been expect.
Cd in consideration OF tho low ngures touched
~ neutralized .its select in connection with the
demand from the Government for the Sinking Fund
At the nnal call there slight recovery prices
though this subsequently lost upon the announce
me from Washington that the Conference COMMITTEES
had hnally agreed upon funding bill which. Il Is said
the House tomorrow This provides fof the fund
ing OF hundred millions AZ per years
three hundred millions atik per cent running Is year,
and one thousand millions at4 v cent running thirty
years. The ioreign agency ause has been stricken
ont. All banks organizing hereafter are TO these
bolds basis. The effect OF this agreement was
unimportant. Under reports OF reaction Of y cent
London, the market closed nrm. Horny Ctews
4 Xnll sireaI nj s. z NJ,