The sun. [volume] (New York [N.Y.]) 1833-1916, 1870-04-07
FINANCIAL AND COMMERCIAL.

WEDNESDAY,, April 6-P. M.-The gold market
opened With less confident tone under rumors thar
the Secretary OF the Treasury would anticipate the
May coupons, and that lie would also supply the oi1s
At the Treasury sale, the price ranging at llk9iiI.
T1e denial OF the st named report and the fact that
but one million gold sold, together with the higher
rates for foreign excl angc. added hrnness to the mar
ket the price advancing TO iisk and closing strong at
that nguTe at 7. NJ. After the adjournment OF the
Room, the dealings were limited on the basis Of lSte
i9k the nnal sale being effected AZ ilN The sale Of
one milton gold elected offerings TO the amount OF
GOO the largencss Of which led TO tho Inference
that an upward movement IL being projected. The
prices bid for the gold ranged from 10 % to llo the
award being made at ii7s TO iilsa Holders OF coin
have pa Say. L. and 81 cent TO have balances car
rled over the nnal rate after Clearing House being T.
The total clearings at the Gold Exchange Bank were
t.9.il0GOO; gold balances, tl2se932i ana currency
balances. q 1891. The principal quotations were
= 4 EM'1'"'.iliillkIp r Mia 66PNN...iiiiix
Foreign exchange hns been strong, leading drawers
having n"tked mp thes rates = cent. At the close,
prime bankers 20 DAYS bills were quoted al lOSAS0SHi
sight bills l09AGl0gX ana commercial, l'Sil9lsH'
Tho demand for money mas been readily met to-day,
with y cent. rs the general rate, with exceptional
transactions 10 Government dealers at and TO stock
brokers at T. Discounts have been easy at 6{ 8 y
cent for strictly hrstclas ncccpances 10 for good
endorsed notes, y cent, upward for names less
known.
1he Government bond market opened heaVy' win
fractional decline some issues; but on 'he rise IL
gold to li2 TO etcr with the advance OF CPS at Lon
don 20 nv the market became active and strong me
entire list beng IN demand ne 20 i,u uo by. Hr h
sold Mp TO lHH. Next i9 point 81 nteresl Teco We
| bonds Of the Goyernmeut were unli ana nrgledea
| Henry ClewB Co.,39 Wall street. report AZ ~ Nj
| Bit AtrsdJ Bid. Astef,
! a. isl coup....iiiI iiliNe1 20, coup...l@S i0l4
| 90 reg, MA .ItA ut4 h.2O, %, coup'.'lW,1 iFA
$50 2 COUP. llJs lOK 1910, coup, .....l6l l9eh
| SO, GA. COUP, .,l0Jh OJAiBonds g. P......WH o.
The principal movement IN State bonds was In the
| new TCnneestes, which declled cent TO 5.E, VIZ
riias old bcns steady at COX, Old Soh tAr ynas al
Il. aud new ut 2!S@2}Ai missouri 6s advancing Y y
| cent to %. aud LOUISIANA new q cent 10 49, Con.
noctlcut war loan 6 sold at 1905 s. Nehoas BanS
| shares sold at 49, Continental at 49, and Mechanics
banking Association At itS ReilSay MOI lga-e. We,
| Culumbus, (uiCaeo aud Indiana Central, sou LS0A
Erie fats, 100; Erie fouTths S3h Enc hths sli Cen
ira pacincs, u HH1 Gnon lac fcs At Bay Tie stree
qronuons Of aud Grants being 7GS73, incomes, 49,
| 4 "a and stock, 81 10 10
A resolution was slopgel to-day by tho stock ~
| change aHthOTizng the Govern ne Committee to Oh
| TIN new charter rom tle Legi.la;qre Lle lunoe
OfY1tes XII NJ which ~ weie nj fANbr OF, anr
~ against tht reeO.uueA. The next am uaI election