The sun. [volume] (New York [N.Y.]) 1833-1916, 1870-06-08
FINA NcIAL AND CoMMERcIAL.

TUESDAY, June Up. M.-The railway share mar
ket has been irregular and huctuatng. with few fea.
lures Of interest The general list was dull and heavy
during the morning hours, but became active AFTER the
O'Clock session. with partial rally in prices. though
the recovery sustained. Wabash was the prin-
cipal attraction, and advanced TO cox, under the
manipulation Of the old clique in that stock, who sold
out at 80 to 5A, and subsequently permitted 10 to fall
OF to cent. Lake Shore and Ohio and Mississippi
Mt times active, but tue general dealings and the
volume OF business were sman. Pacific Mall was &C.
lively dealt In with frequent periods OF buoyancy and
depression.
The gold market, under the manlpulatons OF stock
houses and the foreign exchange dealers was forced
down nom ia TO ll3Y, though subsequently ralyinR
cent, and closing steady at 1isN bid The dealings
heavy and q large amount OF long gold was sold
out The discussion Of the Currency Dill In the House
Representatives employed TO further dcrress the
market though substitute to tbs BILL providing Tor
the further issue Of three hundred millions OF areea.
backs to be exchanged BY the Government for national
bank notes which are be destroyed. was regarded
as favorable and strengthened prices as above noted
The di scusson OF Garneds Currency bill viii be oon
timed this evening" but result will probably be an
nounced for several days The Funding bill yesterday
presented BY the ways and Means Committee has been
favorably commented upon IN the street, though the
adoption the three per cent interest clause gold
deposits as provided for In the bill, will scarcely meet
| the approval OF commercial circles. An additional
debt thus incurred by the Government, and the
tional banks will ut become competitors for such
deposits from the general public.
Cash gold has been In good supply the rates paid for
having balances carried being ~, O. and ~ cent
the nnal amer Clearing House hours ddt The
sesa, which sailed to-day. took out $50 MS chiefly in
gold bars. The total cearings At the Gold Exchange
BanK were $40 $50 600 gold balances s,T7OOgj; and
currency balances, p,oSs i6 The principal quotations
werei
IoA NJ; "a lisY1 P. M,-.. ,ilsS
Foreign exchange has been dull though steady.
basis OF 0)A for prime 70 days bile and i0N for short
sgnt The Continental exchanges without feature.
The money mlrXct continues easy ut to cent. for
call loans 10 Government dealers while stocS hOus &c
readily meet their obligations at to y cent. on D
uons are gnt, because OF the scarcity Of
cc Ia Gee. The ease IN money on call has attracted
many Investors to approved short mercantile paper,
| and the demand ~ In excess of the supply
nm advance o. cent in isC2s ard leiOs as compared
with yesterdays closing prices. with the lower range
OF gold, however and the apprehension Of the passage
OF the Currency bill there was a disposition amonR
thrown unon the market. Price, at the noon cal
showed decline OF cent. but the demand fo
bonds at the lower quotations having Increased IN,
market continued steady the balance ofthe day recoy
| eriug y cent. ut the clote. Henry CLOVIS q Co,
| wall stfeet, report at J.. NJ:
useySrencv S. INK nav 800. "a. coup. ;iliY I.s
q issi COUP ,;;.:Iss llsx sos 81 eouS..iisi H.
e. sss COUP aSN .i ia is sEup..iiasS iS
5(cs. "a. COUP. INK my Cent? 7. q. BIDS. o34 gt
state bonds have been without special activity tn
choi feature being Tennessoes rising cent. {,
| ~ NORA CaaollDes, OLE were ewak, and declinsd