The sun. [volume] (New York [N.Y.]) 1833-1916, 1870-09-23
FINANCIAL AND COMMERCIAL

THURSDAY, Sept. 22-P. M.-The various Wall
street markets Lave been exceedingly dull, and
devoid Of speculative interest In railway shares
there was only trfng business, the market being
decidedly mixed and unsatisfactory. We do not
r,nem Der, even during the extreme dulluess Of the
summer months, time when there such
diversity OF OPTIONS In respect to the market az to-
day. The operations OF the bear cliques, which
oIened their attacks vigorously early in the week.
appear to have subsidized for the moment, In conse.
quence, We understand, Of some disagreement among
the members OF the pool" atl ough Ohio and
Mississippi was forced down \ y cent. this morning
by ostcnsibly the same parties, who had prbaly
announced that thoy would break the chief bull
clique combinations within thirty days. A humber
affect TO regard this new bear movement
auxiliary OF the clques who are heavily loaded no
with stocks but this does not seem probable, and
could only be explained by the supposition that
and very peculiar device had been added to
Wall street ethics. At all events, the street spccu.
lato's and brokers were never more unsettled thpn
at present in their views Of tue future OF the market
and this feeling bat almost entirely prevented specu
lation, as well a. driven away those who came back
into the street full Of hope and with disposition to
create active market Meanwhile the leading
tut cques continue to sell their stocks whenever
they can do so without seriously depressing prices,
ana the short interest which became frightened
Tuesday took largely OF their speculative
lures. The outside public still withhold their
orders, sud appear TO have quite deserted the street
The brokers consequently coI~plAn OF lack OF
business, aud report that they are not paying daily
expenses. The most octiye feature OF the list wac
Ohio and Mississippi. which opened at 33I, de.
clned TO 32iS, though bsoqucntly reac,ing to 33A
Tire stock as also been In active wing inquiry
and sdcration paid for its use Next in point
. I.l-a Il.
cihc Mail, and at times a fair business was done in
Northwestern preferred, WabaAh, -. Pau.s ana the
Vanderbilt stocks.
The gold market has been du' and destitute Of any
speculative Increment, and tie transactions were
mainly at 3aGl137s though late In the afternoon
some tTning SAFES were recorded a. 1885,. upon the
announcement that bonds were higher in London.
hut tie price suhso qucnty reacted and clos cd firm at
1l3L In the gold loan market the borrowing rates
were CA Of q cent, until tomorrow, 3, 2, /, and
U cent. per Gnnun, and Hat though at one time .
q cent OK Clearing House paid TO have balances
carried. The steamer Tripoi sailed with flG9 567 c.
In snecie The total clearnls at the Gold Exchange
Bank were t24,6a9OOO; gold balances, q 1O6 40 (;
| ANA currency balances, tl,Ii397 The principal
| quotations were as follows
AI.iiiSs Sis 2 NIB. 81 M.ilSx ia
FOREIGN exchange las been heavy, and rates were
nominally lower. The Canadian banks were draw.
in. quite freely at concessions OF isG13 10 on asking
rates. Sixty days bankers bills were quoted at
1853, sight at llO,Gli0h, and commercial at 1890
| 1924.
| The money market at the close Of bank hours
| worked with decided ease, and borrowers readily
| supplied their requirements 3 and 0 q cent? al.
though earlier in the day y cent, was freely paid
| by the stock brokers. The action OF the Secretary
| Of the Treasury In accepting one million bonds In
excess Of the amount advertised. though no:
entirely uncxrectod, was very hyoraby received In
| the street. inasuuch az It was considered ae q
| guarantee that Secretary Boutwell, would nso lis
| large currency balance during the fa for the pur.
rose OF preventing any strngCncy In money. In the
market for commercial pager rates were lcr orally
| firm ard unchanged Tie bond olcrings to the
| Cover mcnt Tor the special mnd purchase agere-
| gated SS,iil 800 Al prices raging from 100 30 TO
1850; Tie Ire sury accepted 5000 00) II 40 80 to
| 100 49, The Government bond narSct opend strong
| atd hi -hcr, with sales g. at III, the Crmcr tone
| being occasiouel by She ncivatCl extra bond pur-
| chase. At tnc noon cal Unrcs fell Oh traction
| under tie arc bond offerings, lu' closed steady
| Tho dealings Ntrt 81 about tie .NrrIsc amount,
| Trough unattended hy any special interest Henry
! CLOVIS ~ Co, .! Wall sd,et, report az =, NJ az
! ulJ&si