The sun. [volume] (New York [N.Y.]) 1833-1916, 1870-02-25
FIvANCIlL AND COMMERCIAL.

THURSDAY. Feb. 2i-P M.-The gold market has
ben again the chief attraction Of the street. with
lore pancky feeling pervadng the Gold Exchange,
nd transactions a more extensive scale than at any
erod since the late September ponic During the past
weeks there have been several comb nations form
for the purpose OF advancing the premium. but the
larEet did not readily pond 20 tho manpulntlons
nd having confidence In future higher prices seyera
fthese cnques have Apparently Withdrawn from &C.
I've dealings vet did not sell GU, heir GOLD The last
ombinatiou formed commenced operations last week. at
iAslgH hut perceIvng the market 10 be heavy retired
'om the field much IN the same manner the oiques
arer projected. The antcpStion OF the en.fcr ty IN
crest the sharp advance Of the national securities Ia
:uroae. to.cth.r with the probable passage Of the
lunding bli by the sonae, were the immediate causes
q the heay.ncss yesterday, while us morning fur.
Der advance Of isl4s 10 10 IN London, 70
ether with pressure of long goa upon
tic market caused stampede 10 prices.
Ui al IL o'clock sales were made az li6S, dec Inc of
II cent from the oooning rsce. At tbs hour under
Nv inaueuce Of active purchases TO the short In
lest put out early IN tie day, the prce was gradually
advanced 10 liz; but another raii was made upon the
market soon after O'Clock IN consec noe Of the pas.
rage ny the Senate Of resolution against the further
Increase Of currency, ana the premium was forced
down 10 llG., AFTER which there was rally OF XIV
cent closing at ll6A At 53OP, NJ.
In tue gold loan market the rates paid FOR having
balances carried we're S. ~ T. and cent and after
.
Gold Exchange Bank were go 900; gold halauce,
N,5s,Sl currency balances tliOig!
1ne:priuclpa quotations were
iOA. M..,..llIk'2 J.. M....,.llfk sl'P M.....lirE
il5P Mill I3P. ,.,,..ll5s. Ij5OP II iiG2
Foreign exchange has been quiet ard notW!tLs tand.
Ing the lower range Of god the demand has been I'm.
tied though there fair supply ofbuls On the market
Pr.ne OanGcrs 60 days bills quoted At l0sKglOsX
short sigh. Ms Of the same grade AZ ll9a9lOJ., aul
prime couuler. lal sterling al lO84 S,J3K.
Tue money market continues 10 work easily, though
there loans recorded at the higher rates Can
loans made At IS Y cent on Governments and y
cent onJaLysy collateral with exceptions att cent.
There's nG,Ifhg important ~ tbs currency movement
except that the bauSs longer receipt Of I'm.
portant amounts from the interior, though they are
Goundauty suprael with funds sulclont 10 meet tbs
demand. In discounts there Is 10 change.
The proposals submitted 90 the Teasury his morn.
Ing for the advertised purchase Of one million Ave.
twcnues, amounted 10 t1l710, at prices ranging from
lf3 Tor registered CT 10 li95 tor coupon Oh and
new G5s and 'Gis. OF these offerings the Treasury &C
co9ted two millions The lower range OF gold was re-
bpondc1 10 by dec 10 GOV ernmcnt bonds the GT
kels opening with prices K TO Z O cent. below lnt
eos.ng hguTes OF last night The decline. however I.
undoubtedly less nlu Wau.l have uccu ne case pc
Vded our socurucs ld uot advanced ln foreign ulAr
kes 70 the highest - ut Cycl fsaCAed EXty-twOs g.
day selling IN Ionic. At .g, eu is l,a. than *
cent below par Of goo. it. -I,W.a. use Ia the Con