The sun. [volume] (New York [N.Y.]) 1833-1916, 1870-10-13
FINANCIAL and COMMERCIAL.

WEDNESDAY, Oct l2-P M-The activity
noted in the railway share market for several days
was continued this morning. with a large volume OF
business recorded the heaviest dealings havin-
taken place between and O'Clock. The eales by
the chques were a more extended scale than yes
terday and resu ted in break in prices OF Y 10 y
cent, though there was rally Of to y p cent
subsequently &c; the buoyant spirit OF the market
was checked, .id sales were less marked during
the balance Of the day, prices closing weak and
satisfactory. During the depression quite a short
interest was created, which may be used to advan-
taee by tie cques in furtherance Of their pro.
cramme. Certain facts should be known In Wall
street circles, which will enable operators u
comprehend the situation. The late sdvance
successfully inaugurated By the chief elques for he
purpose Of unloading stocks with when they have
neen ca ddled for several months and the recent
tNity induced the belief among street operators that
d formidable bull campaign Lad been set In motion.
They consequently were active purchasers, and large
amounts OF stocks have been Tia us taken BY the street,
The cliques were more surprised than any one
else At the OF their manipulaions, but the
hnsness was overdone this morning, and tile re.
irtion above alluded TO was the result Had the
clique been more prudent, and thrown out their
stocks more judiciously, they could have realised
their wishes more fully for two days further
buoyancy would have loaded up the various brokers'
Offices and a much larger amount OF shares could
have been disposed or This error Of today may,
however, be retrieved during the balance Of the
week All parties have gladly welcomed the general
improvement In the market, and disposition among
the outside publc to again risk their surplus funds
in the Wall street maestrom was daily becoming
more apparent
The gold market responded to the activity in
cd nv furth her a n In
cash gold, az well os the adroit manipulations Of
several stock brokers, who have apparently joined
their interests with some OF the leadirg gold specu.
lators There Ia plan arranged TO make gold still
more difcult for borrowing, and we are led 70 be-
hove that considerable amounts will soon be with
drawn from the market The chief operators, how
ever, seem TO be afraid lest the Secretary Of the
Treasury may decide to increase his sales OF gold
and thus Interfere with their plans. Tic opening
price was li3A, though steauiy advancing until
not large but stronE underone controlled the mar
ket throughout the day and eapprehensions lest q
locking up" process would be attempted caused
quite u covering OF the short interest, while the
| more courageous put ont a number OF short con
| tracts. This diversity OF Views occasloned much
comment, and gave strange mixture OF dealings,
not often noted. At the close Tie pnce Was strong
| though the Transactions We're restricted.
In the gold loan market tho borrowing rates were
! 1a2, Ga and ~ OIL Y cent per diem and nat The
| HE amour 10, $4,000, at prices ranging from
| 1la70, The specie shipment by The Java was flJJ
| 9sl The recelrA of gold AZ the sub-Trcosury To-
day were $541 1910; gold payments, ti2i, 237 81
balance, co., 22s 5S9O6 The currency receipts wore
81 ELI. 25S.53 payments, $S3s'992 20; balances 81
~ 4Ga A. The customs .h rtee n were ~ o0o
$3I.gi3 900; gold balances, $1,000 Bs; currency hal
snces, 6, 237,GIG The principal quotations were;
iGGs s za HiissS E.. SSSSs:SsS F. h Mill
| Foreign exchange bas ruled heavy and lower, IN
der The continued pressure OF sales to realize thC