The sun. [volume] (New York [N.Y.]) 1833-1916, 1870-08-16
FINANCIAL AED COMMERCIAL L.

NEw YoRr, Aug. 15-P. Milne railway share
market has become exceedingly disgusting and pre-
sents no feature OF interest comment The cliques
appear to have LEFT the market to-day 10 take care
OF itself, while a majority Of leading operators are
absent at the Saratoga races. Until more definite
indications are received from the European battle
field, and more decisive victories are recorded, lead
ing speculators will not engage in Wall street opera
lions, and a sluggish market Ia the various dcpar
men,s will continue to be ehronlcled. The opera
tons in stocks to-day were almost nominal and the
dealings in unusually small amounts A broker
who might have fortunately received orders to buy
sell one or two hundred shares was looked upon
with envy by: hi. fellow members becsusea major.
Ivy have not to-day mate sufficient to pay Office ex
penses. Street operators, well az the outside
public, are waiting for n more settled market and
more tdehnite information respecting the probl-
HE success CT defeat Of tho Pru'sian OF
french armies, consequently until the sequel
OF the European struggle is announced, there
Is no probability OF any important operations In
railway shares THIS same feeling also pervales the
gold and Government markets, and equal dizziness
lac been noted in these departments. Gold opened
at i1TH, and after rallying Z cent, suddenly
dropped to ii6H, on cable news Of Prussian vic
tory yesterday ibefore Metz. Pu, this decline was
partially counerac,ed by foreign orders TO buy gold
u
market su bsequenuy fell OF to itG1I closing at Ill
The fact n, the Francc-Pru,slan war his seriously
checked all Wal street speeulationf. and scarcely
recall n time When operators were so denoraizcd or
conflicting in their views respecting the future Of the
various markets few new cliqucs have bought some
considerable amounts OF stocksu the hope creating
abull market but the feeling against active spccull
ton is 80 strong to-day that they Will and sale OF the
same extremely difficult Even the harmonious action
OF the railway magnates at Saratoga asst week has
failed TO impart strength 10 the marbct, and the
future price OF leading shares appears critical
than before compromise effected and the rates of
freight and passengers rased The suspension Of
the Bank OF france has caused quite a scramble for
specie among the foreign exchange dealers they viii
be REQUIRED TO furnish specie TO meet their outstanding
bs, and the premium gold has been raised to-day
TO y cent. The large exports OF specie during the
pact few weeks Is attracting muoh attention ia Wall
street. and further heavy shipments are Anticipated
In the gold loan market there has oeen a good Dor
row ING demand Tor cash gold u deliver spec Ilave
sales. no majority of transactioaS we're made nat
though In lew instance. v cent aud = eat ex.
Clearing House were paid 70 have balances carried.
The rates paid tor the OF the were 1854 OF
Gent dl per de sDc .na ana GENT per s9num The
ses tei si4es jan ~ a gSit g. isS
nois az srG n - ie total el,h,.,gs a he
sa', 80 "nI currency balances t'.5slj. IAe Eii4eI
iVio A. X'iti lis r. HM .I7 5.so F M..iiG ;H
The foreign exchange martet conunues dull and
nonina on the basis 81 Ostllya Tor pr..Ie sIAty la
hle and li0A @loA for eight. There No cgTnultr.
cal I'LL. making
Tge dulines OF speculation at the stock F,changc
tends TO- Keep tic money market easy the
5,tp cert on call with the buia OF business ats
and pisco luta are quci, ard prime quote
nj Gs 10 cent. On wednesday I'M INST. the GOV.
enment will sol one million gold aud buy IN eqU va
lcnt amount OF bonds Thursday ioI tue sinking
Fund The bond market has been que. and scauV
throughout the day. WITH unmnortant changes rom
saturtAys prices. The dealings have heou rcstrc'e l.
IN sympathy with the genera diI.ness oil lac othcr
markets, being principally coannet 10 the German
bankers. Horny Cews a Co., % Wall street, rvport
nj