The sun. [volume] (New York [N.Y.]) 1833-1916, 1870-07-07
FINANCIAL AND CoMHERCIAL

"WEDNESDAY, July 6-P. M.-Tbe railway share mar.
kct has been moderately active with an evident dcaiie
the part OF holdess sell out Lake Shore was the
principal attraction, and tho decline this stock
caused The balance OF the list to sympahizc. Tse
and temper OF the market las consequently been de-
pressed. and there were also during the day hcnvy
realizing sales. Besides Lake shore. the active
stocks were Central aud Hudson, Rock Island. Ohio
and Mississippi ~ Paul, Northwestern, ard Pae tic
Man; Int there was special feature.
Tho gold market las been the 10 incipa feature OF the
'tttet ind the fluctuations lrcqpent with the dealings
on more extensive scAlc. The opening price wss
llss, hut Gales were elected lily, In con.
sequence OF active purchases by several prominent for
eEn bahkere. Wien how ever, the auDo uneomcnt vas
mace that the Government gold interest bond pur.
chase' would be sold Friday the market WAS suddenly
depressed 10 INK. though quickly rcacting and i'd
vancing TO iK. tccaute Of private London dcspachcs
mat the decline IN French enies occssoued by the
serious opposition Of Napoleon the spanish enthrone
ment OF q Pfussan Prince. The German bankers were
heavy purchasers as the price advanced aud the nar
ket became active and excited, clos ing with sales nj
nix In the gold the rates paid for having
Enhances carried were O. and cent, Tor the use
OF the coin nat2 cent Ter annum. and i3l OF one y
cent per diem. The sale VI one million Treasury gold
elected bids amounting TO s2Oc5OOO at iiO10 to iiI3i
the awards being made at iik aud lli3i The Assist.
ant Treasurer OF this port received instruction,
from Treasurer Spinner sell the July interest accrued
on the sinking and Special Fund purchases on Friday
9Th ust and devote the currency proceeds TO the pur
chase OF bonds on the succeeding Monday The exact
amount Of gold to be sold t2S5sCG27. The steamer
Russia took $4,000 In specie The total clearngs
at the Gold Exchange Bank were s4OlliOO0 gold bal.
ouces. ti,71ii7; and currency balances 81 SIS Cdl The
principal quotations were:
10 M,.... .lliN p. M...i1fNis15p N.....,.iiix
nsO A. M..".1lih ST. NJ. III \ $40 4. M......liiN
Foreign exchange has been steady, the supply OF
bills beng fully TO the demand. AS usual after the
sailing Of The packet there little business doing
and rates were unchanged from those current ycster.
day
Money has been in frce supply ana without essential
change, call loans ranging at and v cent. and
prime discounts at 5Y cent.
The sensational dispatches with viii ch wall street
has again been flooded relative to the various financial
measures before Congress- have had ecct upon the
market for United States securities. At the opening
prices were SHADE lower In consequence Of the heavy
tone of gold but later became srong reaching nix
on account OF the extra purchase OF about 1900 900
BONDS on Monday, which, IN Connection with the rcgu.
lar purchase tomorrow, and Thursday, July H. will
swell the Government demand TO upwards VI 1--WE mil
lions This had tendency strengthen prices. Henry
Cless Co., - wall street. report the market arm at
n NJ, with eiosinE prices Is follows: