The sun. [volume] (New York [N.Y.]) 1833-1916, 1870-03-08
FINANoIiL AND ooMMERcrAL.

NV YoRK, Monday, March. T. p. M.-The gold
market has continued the principal feature Ct the
street having been unsettled and icVersh thro ghout
tho day. Al the close on Saturday there was hrner
feeling, the In u sale having been made i]A Before
the formal opening OF business the price ranged at i3K
0ii3,. the nrst recorded sale being mads at 49,
From ths point. under heavy purchases on Sat.
urday by prominent dealers, we nom the weaker
tonu Of reign exchange. the price rsccied to iigh
though quick rayinz TO ii3A, on the attempted Gov
crns OF the shorts. At this junctute the German bank
ere became free sellers on the prospective passage OF
| tho funding TIM which again lowered the premium to
mn the lowest point touched since the nAuc lrtlon
" the present excitement Between this price and ii2T
the market Subsequently ranged, closing at SP. NJ At
the laIt1r ngure. Aner the formal close Room
ihore was but little excitement bcin. made it2k
@u2x, nnaiy ras.ng at .illS.. the tendency OF the
market beng s downward, with disposition 70 sell.
Cash cod has been In rather better demand. the
pal for having balances carr ed being ~ ~. and
ceat.. and AFTER Clearing House. y cent The
total eeariugs al the Gold Excnange Bank were SIS
s}a0oo gold balances, siyJS.7m snd currency bal.
ancvs t22g5ii The imports Of specie this port for
the amounted TO Si2 sii. total since JAnu.
airy 1T ct ~ oi ssh AGAINST for the perod
in 1903. s5s9 % in Ts ara sg,9 in iS7 The PRINCIPAL
gol quotations were
,9'A,, N";;....IB nSi7, p Nils sP. M........ii2k
~ A. A..iiis Il.l5 + M...iiiIssH 4 HNY."iiiI;;e
Fofeign exchange has been weaker rates by leading
drawers having been reduced The supply OF cotton
lis continues liberal. and under tho ruling gold
rrcts remrances are checScd. At the close prime
sixty DAYS bils we're quoted At lOs1@ioi sight bills
OF the sane Grade NJ icesio9. and commercial ster.
lag i0'LSlO5,. The Treasury movements OF the week
cinurace the sale OF million gold on Wednesday,
9th latt, and equal purchase OF bonus on thursday
10Th.
The week opened upon extremely easy money. the
ru.lng rate call being cent. and at the hanks
cent. the anxiety TO employ surplus balances In
ducing tacm 10 place amounts with leading bond
dealers as low as cent. Disconnls also a tribe
easier. Choice acccptsnces at TO cent and
approved slnsls running four and less.
to y v cent.
Adviccs from Washington this afternoon report the
Senate as having under cons alton the Funding bn
d that resolltlon has passcl TO nod ht sessions
until the bill has been finally disposed OF The Oenefs
general that the bal Will eventually become law, vi h
some importsut notifications, but this produced little
cfect up0o the ~ nj market
The continued weakness ~ gold has been responded
to by another saarp downward tqrn IN Government
b'lds abouLh the cable reported the price OF 6s In
London at aok The market opened weak at a decline
Of cent on 6ss TO y cent. on ga, A. compared
With the latest orcIa nguIcs OF Saturday ui.ht and
under heavy pressure sales by holders OF stock
prices have since further deciled. the market closing
w,as a. agout The lowest figures OF tho day. There
good .1ply OF lODls tue street which investors are
not disposed TO take 10 the escn uncertain
the goId market ihe Gun nCy s. the strougest
On tNe lot today, and auyanCcd from l0l 10 l. or
more than cen above the currency valuation Of
Us although IL than six moufhs since there a DIFF
ierenes OF oyal cent IN the ,ther direction bis have
Henry Cews n Co, 50 Wall street, report al r. NJ