The sun. [volume] (New York [N.Y.]) 1833-1916, 1870-10-18
FIAANCLdL AND COMMERCIAL.

MONDAY, Oct. Up. M.-Thc railway share
market has been withou, special significance, ez
cept In a few shares Western Union telegraph
the absorbing feature OF the street. to the almost
entire exclusion o. the balance OF the list, rising
to 43,{. advance OF ~ compared with the c rly
prices. Quite considerable amounts OF Central,
Lake shore, and Wabash were sold by the Wander.
bilt clique and invested in the Western Union At
the opening the general list 1rm but at the First
Board the market became heavy and fell OF \ to a,
though the afternoon showed partial reco, ery az
ter which prices became alternately weak and
strong. Western Union Telegraph Is being manlpu.
lated by the new Directors, who Propose 20 reduce
expenses, and are also negotiating lease OF the As
tor House for twenty years. 1t Ii INTENDED to make
this central point the bureau OF the various railway
ticket Offices, and portion OF the building will be
let to bankers and insurance companies Sixty
thousand dollars will be the annual rent, which It
Is believed will be fully reimbursed by the various
companies applying for connexions Offices. The
Western Union 1t present pay tt1O00 rental Tor
their building at the corner OF Liberty street and
Broadway. The Western Union Company also ex.
press hope Of selling their lines 20 the Unitod
States Government. New jersey Central was ais
carried up . cent, though the dealings were com.
purativcy limited. Lake Shore was actively de 10
H.. az were also New York Central, tie North
westerns, 81. Paul Wabash, and Pacific Mai.
There vas y moderate business done In READING
and Rock Island, the remainder Of the list being
neglected. In tie gold market no special feature
was noted and the course OF the prize wac
undisturbci by any apparent mlnnuvrins OF the
lu clique. he opening pricn was 1l74, from
which T. dropped ( y c'ni.. Subsequently rractinc
20 1i3it. nj Nii N figure the market stationary
during the afternoon. TIE lnuul, election OF OF
I'll,
cuisine f., and transacti Therefore less than
ihe at craze amount. Vine the market - Under
tie control Of the pool yc, they are no. DISPOSED
20 take undue aavantg3 Of the -urc lost Scei eta-y
Boutwell, should come 20 the relief Of tn, shorts nv
or!eiing ihe prepayment Of the November Interest,
I'm the gold ,n7n market trc borrowir i, rates wer,.
sol -. AMI 81 ~ y cent until too morrow e.
2 ard Z 'cn'. per annnm. AMI net tNoarn after
Clearing House T. cent Na~ uli to have n.ltncr-
carrie T. To- E.li receipts 10 tao ~pN IrrlrIry TO-
dW werc ipo.T ~; pYweu'-. s35IIos 50; bal
;'n5,esGol payments. s3lG 2Sjis; balance. s7.4pl.
l7d.iS, The imports OF spe,c at tbs por,
making total FOR The oxrirod rorton
Of The year Of go e97 4Slos AGAINST So sSi,ttl
t592ai in $780, agt s2Ls1l,s1i n 1863 The amount
q u 5. Gye- Of II redeemed to-daviat the sub
Treasury was Ss'7,o0, making tota' o. ~ as 90
The total clearing at tie Gold EXCHANGE Bank were
ib29 40, gold halan -, tl,81t5l5, ant currency
balances, 81 iGl,97d The principal quotations We're
2S !. N,~iii3a i i J. TilSs'tSS}} F. ,i5,SS
Foreign exchange has bean dull and weak with
quotations of prime bankers sixty days bills IT 1879,
Qlo']{, and sight at 100 1lO9T. We bear Of sales
y. prime bills 10 second hin's at / IS net
Tie money marAet las been easy throughout the
day, the supply available call being abundant "a
meet the inquiry at and p cent. on pledge OF ap
owed collateral, TIE more common rate being Y
cent to The general class or borrowers TIC CIR
rcncy movement is u important In discounts thcre
. moderate business reported, prime commercial
ac sItlnccs moving ~ the open market at 10 81 Il
cent
on some of the issues higher. The movement, how
ever, has been hmitei and confined rrincl al " "a
ga, GSs. and 10 40s The cable reports firm feelin
IN the European financial markets, 52Ds in Loudor
being quoted at N4, cN interest the coupon having
been detached ,Ge lith inst Tue marhe. closed
firm on tn basis OF llOh1DliOss for CTS. Heary
Clews d Co, 81 Wall street, report at 5 =. NJ: