The sun. [volume] (New York [N.Y.]) 1833-1916, 1870-01-18
EIEAECIiL IND CoMMERCIAL.

MONDAY, Jan. tI--P. Mile gold market dur
mg the early part Of the day was exceedingly dull
though steady, opening at i21, and with the exception
Of momcntary decline Of . cent, remaining station
any at that Ggurc untll after meridian when i2iN was
recorded The lover quotation wa, however, met by
ready myers, the premium 1uotuatns between i2iN
ard Inv I'M p. NJ After the formal close of the
Board under steady purchase the price advanced
10 l2N, with final sales at l2ih. There Indications
oi new speculative movement In gold, though the
dealings TO-DAY have been on a restricted scale, ct
several foreign bankers, as also stock brokers, have
been for some dcys quietly loading mp. The incep ton
OF THIS new Programme is similar TO that indicated
the 9th hast. In this column, and Is believed to have
been inauguratcd by the cliuucs The gold loan
market rejects the in money, and len ling rates
have ranged nt y cert. currency to7 a cent gold
The total ccariues at the Gold Exchange BANK were
t22,S6oOOo gold balances sio2i.99i, and currency
balances. si239,sS5. The principal quotations were;
IA M....,... l2i 1850 T. M..."l2tNtP. M,...121N
! 7. M.......l2lA3P. M.......12iN5 Z. M......i1S
Foreign exchange closes nrm, the nominal quotations
being OsG siOsk for prime sixty days bills iOoxGiOeX
for short hit blE OF he grade. anu l09X@iOeX
for prime commercial ssles OF prime bills have how.
ever. been made at io3k9lOSN The imports OF specie
at this port for the past week s0j,&e-a total
since Jan. Of t2G3 1s2 same time IN 1867 Ssg72 In
1865. 1885, in 1867 tGi, i7s.
The money market has been extremely casy and
abundantly supplied with lcanabe funds. while at
bank tho general rate has been v cent yet among
private lenders negotiations were effected at cent.
on pledge Of sPproyed collateral Can loan. made IN
Tie large influx Of national hank currency. now held
Nv The assoeated BANKS. and estimated at rom Ave TO
s yen SS OF o SosTi Tacns sG nisn,lon Of
the use TO which this form cnttency stu rapidly &C.
cf a ne ap Scent Ste 5 me
5 yG millions n o e we AGAINST sale Of sg. one
cent ri SC STS ~ o Sud p% to
will consist OF national bank notes. We learn
thM petition was signedby number OF bank officials
rseemmend to CONGRESS nc pasage Of resolution ap
beinS interest a The rate Of $50 csa Sn G sann%
Sd n ees' H % D S's as a, e ne eyn o.
cent certificates now used bv The hanks as LEGAL
5SsS with not s p,en ai s, Sss vii Be
seems 20 u. can he cay adjusted by announcement
lonsl currency notes. but bearing no interest," and IN
ISOLATED BANS Ne a1eI in Clearing Ho Sc seIt e@c6ts.
y At once Or the banks themselves can Of.
win sSv one c numbS o1 %Scs ec
Gates OF depo.i, could he ssued.
mere was very isIFs amSSnt q currency hsIS BY
call we then stated that the south was desti,nte OF
circulating medium. and took from this financial centre
o crop q & Of dsST ~ Ptssy
tanned me sreasr portion and since then currency has
During las autumn the currency eesan to return
our banks fcT tho purpose Of moving the grain and
FORK crops the amounts hpIed TO IRIS city were i'm.
perceptiblc accumulation. Duriug the month OF No.
needy 'y w h are Se% and sns snHs
Sn gos sn W. S.o e meet s nv ne
now stutnlng and the banks are consequently euibar
Gov rnmc ut Son ere dull. being also i.@Y cent
less az The FIRST and seooad calls THAI Satu days quota
drc nc bonds IN London to eot There hut little
took Offering, fcr which howese', ready purchasers
| gen found ~ INC nnal Board, nc marAei was 80
Henry Ciews q co, e Wall street report at5P.M;
y Sc: Gurrencyes,S-,H iil ,;os ~ coup. il;g r'T
| -, isl eoup..."llsS uiA .fs, g. couU...ut lus
.i5s y? coap..ll!x iisS,io.,, ~ eoip..iii' iiiE
| f3es ~ coup..b ui,l 1000, ooIN.,....ln NIX
Cstoua., old Tennossecs beng nrn "a i3ae5SN the
new declining g cent. to4I OH North Cafoinas toll
South Caro- nas Il ing x cent to ,6 aad old Vrrnias
| cent. 70 -. Missouri sizes ,ere strong at as
brooklyn Water loan selling a. - Merchants bank
ssSres sold a. w; Imp9rieri snd Traders ~ nanS
%aonsI al i RAW 6oSd. were n faiT a dS,nabs
being quoted atsi bid co.umbas. tcsgo and indiana
4, the opening tho railway shar, market was dun aud
heavy at about Saturdays latest official figures but
entire OF 4 10 y cent, Al the O'Clock cali the
market arm but tel 4 late In The afternoon o.
The chefsTeculat0n has been 10 the Vanderbilt stoe g.
Lake shore; Northwesiesu, New Jersey Central. aud
reme quotations ron e to $50 scrip, n to s7A Lake
shore, ~ to s5i New Jer'e Central iOok to Zoe; and
!; pSS EIa a W. 20 IVY M pg Wa s noueesny
at sk99ik. In the miscellaneous shares Pacirc Mail
led tue u.t, nuctuatins between lA aud pk. Nextin
from % TO s0S Canton quiet at 50 ss3. Mafposa
eemmon a. l1slA. and the preferred A. leksl6k,
Express shares were nrm though quiet Closing prices
at $50 L. NJ. were: