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

seneo OF prominent speculators and consequent or
,reme dullness in all departments OF the Stock Tx
| change. The few brokers remaining complain Of q
dearth OF business, and their commissions have
| been equal to current expenses. A disposition TO
| withdraw from speculative ventures ninth more
| settled market may DO recorded has prevailed with
the pi udent, cautious operators, the cliques
having go manipulated the market that tile outside
| public have become afraid 10 enlist either on the
| bull or bear side. While Q stronger tone has been
given TO some Of the leading shares yet there has
4 been little confidence expressed IN a more healthy
market, and, pending the continental difficulties,
capitalists have decided to await further develop
| ments. Tie chief dealings OF the week have been
| confined TO Lake Shore and New York Central. The
clique who recently purchased largely OF the former
| stock, IN anticipation OF running tie price
| up ave or six per cent, have abandoned
their project, and have sold out a majority OF the
pool" shares. The clique in Central have boon more
successful having run up the price 08x to-day,
reports that the railroad freight and passenger war
had practically ceased with the Erie and Penpsyl-
vania Central and that next week an advance in
| rates would be announced. II was observed this
afternoon, However, that the clques free sellers
| at the advance, and considerable amounts were
| worked on upon the street. Rock Island, Morrill,
western preferred. and the StPauls were also moder
| ately dealt in, without, however, ecitins any
especial feature of interest There has not been
small attendance to-day at the Boards and the
Long Room since the July riots In 1863, when bust
was practically SUSPENDED, and the operations
| therefore In Central tho worthy OF remark
In the afternoon the unfavorable bank statement
oceasioned a depression OF the general list, prices
yielding y to = cent. from the best figures % the
| day. Since July 10, the banks have lost nearly
thirteen millions Of dollars OF their legal reserve, in
excess OF the twenty-five y cent. required by law
and this fact occasioned much comment this after.
| noon, and higher rates for money probable,
less the general staguation in Wall street should
| continue to limit the demand.
In the gold market the dealings were chiefly con
fined to small amounts, although some American
BANKERS were able to pick up q few millions during
| the day without attracting attention causing any
important strength or tone to prices. The clique Of
| German bankers who have been depressing the mar
ket for several days, and at the time buying
| Government bonds, employed their best effrts to
| keep down the price to-day. In the hope Of thus
azing their bond purchases. and 1t is currently
reported in the street that the clique short Of
| gold to the extent OF over i've millions, and are
holders OF still larger amount OF Government
| securities Having been successful on former
occasions by employing the tactics, thoy
induced to try third venture which last, however,
| does not look promising. The loss OF specie by the
| banks OF this city during the past three weeks
amounts TO s14GG3 O9G. and further heavy shipments
are predicted on Wednesdays steamers The price
| OF gold will OF course depend chiefly on the amount
exported. and II the next month shows q continuation
OF shipments equal those OF the past three weeks
during which reriod over seventeen millions have lcft
| the country sharp rise In the premium may be
| 1dcnty predicted. The belief In long European
| becomes general private letters and adviccs
more clearly indicate the disposition OF the conteuding
| powers
In the gold loan market there has been a good de.
mand delivery short contracts and holders
had their balances carried At ?. ~ nat. and cent,
nS Tgs. after cccrE 1 HoSsS being i ant 9
2c!.o0o gold balances. 81 ls9213 and currency bal
SSSS i;s.'. ~" Isls ss}55 ]i AZ
rates as last quoted The toSs Imports o. dry goods at
R%ss S5 Use 6 Ss: TSIs sna siRs
s S' w w n5a SS9 SsI 9 y o assrers s
s%ehh l q s :psslc Fay ' we're s ss.. missing
sS n 81. "a On g SS
eSS gs on be, SSs an aS @ .uopea
with ioanaSls funds, and borrower readily been
gSSer" eSSSpSnS Deoans so%eVcr are O S
prime 60 dsss as S 6 TO ~ gI5 Gess
choice sinsio named PAPER Goo.ca CT and to
week the Total Of banks hayiag
total liabilities The large oss 10 specie reflects tie
ports q the week. while The decrease IN legal tenders
mon American HanE. the be- nks hold IN lawnil money
tGEset The following are the totals as compared
. 81 IS . SRI p5 3gigFtsSss,s
Psssi lenders: ssi e s ss Dee Bsssa S g
bonds sayS reSn ST the S
p psent n ngSPg oSHg 1omnS Tue pise IN the Lon.
don market arrears 20 De dTe 70 spee1sye innn
9sG q rOfG enfy ceS vi
sheet, report at i;soP. NJ.
e sgrF s:s.: s '}ii$ s sgsj
s. i req soaSpdSss HE S g. SSap. H. .
& e. S eSuo. iii55S 5S oeSa Pa Si i
VERY little interest manifested in the state bond
SS q Me : sGSra Sn,s fS
new AZ - dec me OF \ y cent since Yesterday
Laui'iana sola o. ami y y state tourty loan
mo,t active aud declnsd % s9s ths old bonds being
shares were neglected RaIToAd @oflsSres were quiet
e sfS we're Sfn dSs ss lSI
7GaG1sH ineome, !; Yls1S and stock, ?oks,so; -.,
os G% .cr cfS eas 'SsS
sssGsi Lake Shore GgSgii WABASH ssAei2i, Nosth
hssS l,Sn a. l52 . - RAM D5 sGTmon ~ &c
Nr ar p sn ,o2ay a. a6 c s. ard ana s1g q
Nhccancous shares we're dull and trars sections con.
naed 70 2ehS Ana S az $500 r. x6E Se
selling ati3E. Closing prices at $50 p. NJ we're:
T. s. 81 sl,s (. q
,Gsdna......$ au'NtS6 f 5sHiFai..i 10:
Tfs snore.: is ~ Faciae ua S 81
FFS Sa & JisRsi " I'm I l4si.s, @t ~ g.