The sun. [volume] (New York [N.Y.]) 1833-1916, 1870-10-10
FINANCIAL AND cOMuHRcIiL.

" = W u L.
=
SATURDAY, Oct. s, =. Mile railway share
motket has been quite active, with larger volume
Of business than recorded for several days A soon
however, as the cliqucs ceased their maupulItions
the activity subsidized until again rallied by the chief
operators. There has boen more inquiry for iay, s.
mcnt securities; the Hannibal and ~, Joseph stocks
as also Delaware, Lackawanna and Western hav.n.
commanded special prominence the frames o.
these specialiues stimulating an advance in tho
speculative shares. TIE market opened steady. ana
advanced on the general list until after the second
call. whom the unayorabe nature OF the bank ST te.
ment, together with less movement ~ the ciluog,
caused slight reaction. subsequently. however.
prices recovered. and closed strong. at about the
highest figures Of the day. Willie the business hls
been well distributed yet the more prominent lea.
lures were Reading, Lake Shore, ONO and Misss-
sippi, Northwestern preferred, Rock Islani, va
basil, and Pacific Mail although at times there were
active dealings in the Vanderbilt and St. Paul shares,
as also Western Union Telegraph. This upward
impulse, impaired to prices BY the large holders Of
SIC eks. gives evidence Of their anxiety to lit the
general market from its prolonged staguation, and
ny creating more activity to seek the support OF the
outside public and enable the Old ciqucs 20 prepare
for vigorous campaign on 4 new deal. The ex.
trcme case in money rcrders the carryn. OF stocks
Vt new combinations IN the street more active
watie, may be confidently predicted bat whether
t-c,es,.ul to the bull ooar parties viii mucn de-
i.ui upon the whims caprice VI the various
l-tU,rs.
1ae gold market opened with more confident
tone, aud advanced from 1l3ls to 1884,, closing
f,1ou- at 1872. The higher range has been ocea.
s,Oaod BY tie attempts OF the shorts to cover, in.
lcenced b. tie high rates they are compelled to pay
Tor the use Of coin to deliver their speculative
contracts. The nominal decline Of bonds on the
Their side, and tle less favorable aspects for peace
between lrnce ana Prussia, contributed also to tie
advance. The rates paid for borrowing until Mon.
v cent
Foreign exchange closed weak, with nominal quota
tons Of primo siXty days b.ls n 1857 and sight,
i"A, IL order 10 OBTAIN gold 70 loan at the prevailing
Lgh tatts oils are offered at conc -siDus Of llrls
z, y cent. ON quotations. There are frw
offerings OF commercial bills, drawn against
shipments OF cotton, At los. Inc exports Of specie
week OF tSl2 Ia mostly IN ADericIn silver, and
since Jan. l. 5000 2G5. The total imports Of dry
goods az this port for the past week footed Up
S2tt3i.i, and Of general merchandise q, $50 ~,
making total Of t6s526 35. against S7O5S 5T3 last
.eek and 3 9Dio3l last year, decrease as com
senlaion OF le1l bonds at the sub Treasury to-day
for redemption amounted t. tl250oO, making
Total thus far redeemed Of si5li 0OD, The
Treasury during the week sold 81 0OOOOl gold. pur.
Chased x2OJO,OD bonds. received m coin for Gus
tons, tS,OJs S5.,Si and paid out in com interest on
the subTreasury to-day were $50 S7455; pay.
ments, ti,5s2,6yls9; balance, go SIG; 1885 Tine
ass, 76 balance. IS 6g5 S2s 81 TIE customs
celpis am united TO 1888 100 Cancelled gold notes
sent TO Washington footed up 81 4olOOO.
The week closed upon very easy money market,
o.rroWers on eau being readily supplied at ana q
commodated At T. Commercial paper moves freely
~ to So y cent. for strictly prime names. The
aank statement contrary to genersl expectation,
~,s uniaVoraoie, decrease In all tue items being
reflected. The total reserve OF the banks was re.
d1ced $l,44a6 to- liabilities having fallen on e..
4'g447. The banks now hold t7.709,esG ia lawful
money IN excess OF the Is n cent. required, a de-
crease a compared with hast week OF s6iiSH The
comparative statements ars as follows:
ro.u,..s s. Jo. ssiss peg 4 gss e.
a RSfi g s ?i!isi s b bee. sis
ps! tsai:. 'S s. SO $500 Z. Dec Dec. 6 49,
Government bonds have been strong a limited
volume OF business and prices show fractional
advance on the average figures Of yesterday, The
although the advance in gold here has been greater
u.-n TIE de.uhe 10 bonds IN London would seem o.
Gov 81. Co., 81 Wan street, report at p NJ;
Q s.currcncya'iIl nv s2o, reg J&J'ilIo5 l1lS4
~ s.odEii u SS. g. conc aC,iIIG3 IiissH
T. eeooaaSSii2 aN Tea f fsadc G.R ~ ~
New I.-S tgstrh stock ranged on extreme quo
'a."ns rom '8Sg9i% scrip, IS %Ilsshi Read
Ing, ~ slUNs LAKE shore, So-s us wabash,
d5oA litt.burth, lOGdIoGh'; Northwestern
oou. or. sll'sit Preferred 49, =; Rock ls
lamb 1l1tIl7h,: fort Wayne 9aa.Ug3 II. Paul.
common, Giaota; preferred, slAeloiS OHIO and
Missi ippi, ~ B. Delaware, LAckaHanna and
Wc-' srn, lO6t lU,H HaniDal and -. Joseph,
lU714,llHt; aHl the ureerrcd, iiGlLllIT, At the
Bo.sis Michigan Central sOt at l.l'a bl2l4 Erie,
234 Panama. 81 Union lac hc n New Jersey
cent al, 1Ui5s Harlem, 1891 G. {. and l. e., Ia
OHIO AID Mississippi preferred, 784 and Rome
aud Watcrtown, l2J In the mlsceldneoqs list there
Was an upward movement noted in Pacific II and
Western Union lelegrrp1, the first named advancing
rom B4 to AN, and the latter from 3b4 to ~
NE reuainct r-rs we'll express shares, were dull,
ne only reported sales Of importance having been
10 Adams at GIN, and Wells Fargos at 49,
liJslu- .r.c.s at = NJ were:
ma ds'dI Btd ASA