New-York tribune., 1870-10-04
SECOND BOARD. ! T. NJ.
sr........ -.ert R0rsf4F
epCo~D BOARD, 12f ST., AND p O'CLOCK r. NJ
49, az -, E-a.groad BoHdsBGak and Ratirood-kEp',ss
MONDAY, Oct. 3-r N.

Attention seems to have been somewhat di-
verted to-day from railway stocks TO those called "mis
sellaneOus" and the most active movements have been
developed in them. Among Others notice the Western
Onion Union Pacific, and several Of the express stocks
This new feature of market doubt the result Of
clique operations in railway shares, which having con
centrated in few hands stagnate the market for
time and the purchasers in undsurbed possession
Of their property. While operators in the street know
that avalanche Of shares may at any time be precp
ated upon them they hesitate TO buy even the stocks
themselves to he cheap. The Northwestern Rock
Island Cleveland and Pittsburgh Lake shore Ohio and
Mississippi and others have but very limited market,
and avoided by specuatOrs If the holders Of these
stocks content II mOnOpOze them, no one can com
plain for they the only persons injured by the loss Of
market. Stockholders feel, however that business
suffers consequence Of these great the
hands OF few bold operators and naturally oppose such
movements.
The gold market ucuates about per cent in q hours
and scarcely gives the brokers OF the chance
to make up in for the loss of commissions. The
bears earnestly hope for increased sales 10y the Secretary
and the bulls are looking diminished exports and in
creased imports 10 enhance the value Of the precious
metals.
The October programme Of the Treasury relative TO
kaes OF gold and purchases Of bonds. officially an
nounced this morning follows: SlOO0,OO0 on Wednes
day Oct S. and s. 900 each succeeding Wednesday
for the purchase OF bonds 100000 on each Thurs
day during the month Inc rules heretofore h IOfCc WILL
govern these purchases and sales.
Ths action Of the Secretary and the expectation that
he may also purchase in excess Of the amount adver
tsed for together with the favorable exhibit Of the city
banks has had the effect OF aaying any apprehensons
Of strngency in the money market. To-day money on
call has been in abundant supply and borrowers with
good securities were readily accommodated at sac per
cent while the leading bond houses were supplied at
The movement Of currency the West is limited although
the crop movement Is at its hight. The discount
market firm the note brokers reporting quite an active
business in dry goods paper Frstcass indorsed com
mcrcial paper running GO days, negotiated at per
cent four months names passing at 10 g, and SIX
months II "a 10 10 per cent Prime 60 days single names
Are taken al 10 & while those running 10 months pass
stSt T.
The suspension Of eminent cotton house was al
nounced al the Exchange to-day though their LA
biities are reported a. small.
The Government bond market has been dull, without
special movement any of the issues There appears to
be no pOsitOn manifested however among holders to
SCI out in view of the prospective action OF the Treasury
The market closed devoid of speculative life on the basis
Of ll0i l1O sor 6s give below the bids for and the
highest sales Of Government bonds al the dates named
Bids Sales Bids Sales
Ia ~