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Show By W. U. Tolograph. WALL STREET. New York, 7. The announcement from Washington that the treasury department de-partment would sell five millions of gold to-day and buy five millions of bonds creates a stir in financial cirolcs. Last evening a large orowd of Wall street operators were oongregated at the Fifth Avenue hotel discussing the gold question. The "Times" Eays it is now understood, upon good and well informed authority, that government wiil place at least ten millions in gold upon the market to be sold for the benefit of those needing coin to pay dues and transaot their foreign business. busi-ness. Tbe action of the treasury department depart-ment in selling gold here to-day has caused a buoyant speculation in the . stock market and prices opened at an advance of a half to one per cent, from Saturday's quotations. Gold declined one and one-eighth per cent There were some tbrty bids, for the five millions mil-lions of gold, aggregating over seventeen seven-teen millions at 1,11 to 1,13.01. The offers of bonds aggregated nearly seven millions at 1,12.74 to 1,15. Gold opened at 1,13 and declined to 1,13. It afterwards advanced to 1,13 4. Government bought five million bonds at 1,12.74 to 1,12.90, and sold five millions of gold atl,1207 (51,1305. It is reported on Wall street that government govern-ment will issue twenty millions of legal tenders at an early day. |