The sun. [volume] (New York [N.Y.]) 1833-1916, 1870-10-05
iIN1NcLiL AND C0MuERcLaL

TUESDAY. Oct 4-P M--Thc railway share
NJ .rket has been devoid OF special interest. While
the genera tone of the nir,et has been in the main
firm, the { llure was 10 R,dIiu., in watch sharp
inward movement la. been developed. Western
Union Telegraph has been strong, the advance Of
yesterday being well su'ta ned by the manpuletions
OF the clique, well as also stimulated b. reports OF
increased earnings. and the probability that the
lives will be sold 10 the GWernmen. at an early
date Next in point Of interest were the St Paul and
Northw estern stocks, Lake Shore, Rock leland, and
Pacific Mail Lite iH the sncrno IN the entire market
became strong and active, closing at the best prices
OF the DAY. The gold market during the early hours
Of the day was weak, the price declining from il3S
TO 49, owing 10 the weakness oil foreign exchange,
and the sharp rise Of hve-tweaties In London
TO si1, the latter figure being due TO the
active purchases u Scotch and English investors,
this being the highest point made since the outbreak
OF hostilities between France and Prussia The
market subsequently became stronger on the at
epts OF the shorts to cover tn, price advancing TO
li3I cash, the highest regular transaction beAg
lt3.. The demand ior cash gold to deliver has
been active aud az high ~ Z Of y cent has bcel
paid for thu use Of the same until tonorrow. At
tractcd by these high rates, holders Of the e ce1t
~ tied STATE. loan OF 1871 have awaited themselves
or the NJ isii--s -..a % 'hs Trcaslry 10 pay the
-lme ON presentation To-day mall lots were thus
presented at the Sub Treasury. the Treasury ga ing
ht;principi onl leaving the discount on the inter.
at TO be hereafter arranged. Tho ioll1win +;
cmounts were thus oatrci: l.. Won Hoffman, $sO..
coo; bulge : IN y Co SG7,ol Orient Insurance
company t1ipll; ". 7. NcIhuycn Il Co.. $500;
american Exchange N4tio ial Bank s9JpN Total
1927 go
The rec sints ~ gold a, the Sub. Treasure were
sSjS95, ~; payments, t5&7Hi3; bs1nNc. S2,1s9.-
SIS ~. Tho cure ncy receipts We're s1b, HEB pay
ment-. S23Ls2iG4 bIap's. tiGi3,2u2t TIE Gu.
toms pts footed no $ItSVD. The total clearinss
at the Cold Exchange Bmk were s3S,25i,0l1; gu
The principal on 'taiio,s We tc rs follows:
iIiOA Mis- 'O r. M..,..,li3t 5P VI ......ii3s
Foreign exchange closes weak. aud rates are
lower, tho late movements In TIE market leiug the
result Of the operations OF The leading drawers. The
nominal quotations Of ITimc ~ days oils are 100 ,
and sight 10 though actual sales are reported at
concessions.
The money markct continues 10 work very easily,
and borrowers on cil readily supply their require
mcnts az 4 aud y cent on pledge Of United States
stocks, aud at and where the collateral consists
Of rail nv and miscellaneous shares, though the
more common rate j. B. There Is more demand re-.
rorcd Tor commercial paper, watch is rsther lesa
firmly held though Us yet no transactions re-
ported below cent. the range lOf strictly prime
acceptAnces being 7 to r cent.
The Government bond market was inactive and
lower during the morniDy the advance In the Lon
don market being ncutraizei by The lower RANGE OF
gold lie market reacted al the late Boards, clos
Ing stea iy on the basis Of 100, Lii0S for sixty.
sevens Henry Cle~s Co., - Wall street, report
At T. NJ, as follows