The New York herald., 1870-01-06
FINANCIAL And COMMERCIAL.

WALL STREET. !
WEDNESDAY, Jan. &c H. NJ.
There was revival OF activity to-day IN both the
COLA aad
THE STOCK MARKET
and prices continued the onward movement whica
c0mmeuc5j with tAe lrst buslaois day OF the new
year The evidences OF combination, or rather OF
general cooperation, among the leading speculative
dealers was quite observable and the street seem,
10 nave taken new lease OF "Du.lish" speculation.
AS on yesterday tho Vanderbilt shares TOOK the
lead. the consolidated STOCK asce ading to SyS and
the SC ip to sI.. The greater activity IN these
securities IL due to the lact taat oacn winter taJ
Colta al Ra!ir0al Il more oss tho subject OF leg
atOn ut Albany. On tue present Oc0aslOa the
friends OF Inc t6rfcc defeated Increase OF are bill
cxpocs 10 carry 10 successfully. not Ony through
bOta houses but to obtain the guDornat0ral
slgnature. All the railways were from one
70 ono and o haN per cont higher. In tho
express list Adams sold ~ o., OWING 10 favorable
expectations OF she re3it OF convention OF press
managers In session Ia this city. Pacific Mail
was strong, and Western Union recovered TO 81.
sSmc activity was noticeable In Marposa preferred.
as Il another .movementn were contemplated. 1t
WAL Do remembered that the last one was failure.
TnR MONEY MARKET.
The growing ease Of the money market was still
more apparent to day, althoush us Immediate ease
TINS afternoon - 10 be attributed TO the prompt dis.
ehts OF tao Sub Treasurer in payment such
0l the accepted bonus as were In to hun to-day.
Bus the BANKS also 'coorted tho recept fanls from
Their county correspondents ana the current OF the
domestic exchanges Is almost wnoly la our favor.
On call The rate 10 tho earlier portion OF tho day was
seven currency, win some exceptions ut Y Ill In.
lerest on second ratio collateras. After two O'Clock
however the 0ncrings wcse very plentiful al the
iesai Fate.
Tho suspension OF the old cloth house OF Clark,
Wost Co. was announced to-day. Their liabilities
arc reported to be about $500 bat the nrm claim
mat their embarrassment Is only temporary ana
that taey VIII resume and continue business In few
DAYS. Their losses are attriOuLsl u the cAthcton
OF capital by the decline IN gold. Ths macxot for
commercial paper was quiet, despite tho recent
announcements o. two Suspensions, and rates steady
at the n4uros last quOei.
Foreign exchange was shade 1rmer. with lit
tic more doing particularly la Contln email bills and
closed steady ut the quotaiions;.-lyJ4 q IJ9X for
9ooI 10 prime bankers sixty day sterling. and lO9A
. 1o9n iur sight bills Tho exporti exclusive Of
specie, for the week ending yesterday were III $40
against IL, 025 a41 III the corresponding week last
year.
THE GOLD MARKET.
The upward tendency was quite manifest In the
although tho lowest quotation was l10ss anu the
highest l2oA. IL was strongly suspected that the
stock clqucs were assisting the tullisR feeling IN
god as means ~ their end In stocks, for the i'm
preston Is 80 general thai tho decline in the latter
has bcel the rcsuls OF the decline the forncr that
snail advance In gold would lead to snarp ad
vance In stocks. Sun the transactions were on
moderate scale, ana II tue Intermediate duness the
Go!d Room was rather disposed to merriment.
Tnus, the wires OF tho telegraph ONCE IN the Cola
Room being silent. some OF the aurlierou3 wags, VINO
would lain have us believe that ihe Honorable the
Secretary OF the Treasury occasionally INDUCES In
"dyer On gold. sattrized the situation OF suspend.
ing card inscribed mo communication with Bout
wen to-day" Tho Clique movement was more pe.-
ceptloo IN transactions after the Doarl when, upon
thin market, the price was run up TO 1903.
THE RANGE or TIE GOLD MARKET.
Tho csief fluctuations in aud price OF gold ct the
.c.tt ,ln.ar