The sun. [volume] (New York [N.Y.]) 1833-1916, 1870-07-02

FmDAr, July Up. M.-1he railway STARE mar
ket has been decidedly higher aud active with u buoy
ntfcelng apparent N the general list The cliques
who have been operating for a decline during the pat
few weeks, have evidently changed their tactics ard
were to-day aiding In the rise. Lake Shore Ohio and
Mississippi Wabash, Rock Isnnd Central, and Hudson,
the Northwestern and ST. Pauls were the most active
stocks and there quite covering OF the short In
tertst In the same The street has been again flooded
with bogus kilograms from W. saington-one OF which
announcing that an additional subsidy to the Pacific
Mail Company OF half million dollars had passed the
senate. caused that stock advance to Aask This re.
port was however conrad,ted late In the afternoon
The gold market has been strong aud active the
piice having advanced from nix before the formal
commencement OF tOu.iness 10 lilk, later rcacting
q fraction but closing steady at iI!N. The pros.
pcciiye increased shipments OF specie during
July and August. together with the immense
.hori Interest and the hgh rates Of foreign exchange,
nave bvtn caculAtei TO impa n more confident tone
The operator In stocks have been free buyers to aav
sne alt SSSn W. ~ enGlSi 9nS ,r c oil sngr
6nt tEcr July balances are settled '''''' ''''
made nat thonv6 subsequently, /. T. and S Scnt
were raid to have balances cirrled ami after Clearing
bly, GO out ~ tomorrow steamers. The total clear.
balance 1850 an currency balance 81 ,e5 Cg
The principal quotations were;
70 AM...iiai ss:'5'r Miii; 10 n. iisG ia.
Yesterday rates. hut IN the afternoon leading
drawers advanced their rates % cent the quota ons
OF piue w. days, bills being l9tsil0, sight liOsGi0s
and commercial l0,ss l011. There has been good
demand FOR sight sterling 10 settle July balances and
scarce.
The money market hes been abundantly supplied
with lOanshe funds. and call borrowers have readily
met their requirements at and I y bent. Tho large
amount OF interest and dividends payable to-day yarl
ouGlY estimated at tG1,0l0.DO0 70 &50o0.0O l. cacu.
lael TO further swell the amount OF loanAbc fun 10
~ this centre. Commercial paper Is quCt and un.
changed AZ rates as last quoted. The public debt
statement for June VIII show decrease OF over SO
Olt,0JO The coin balance IN tho Treasury now stands
at $i2,1'fOP, Of which t3i51.l20 10 gold certln.
caics the currcn Cy balances amount to S2S0i5O7 No
Instructions lave yet been received by the Assistant
Treasurer relative 10 the Government programme for
the large currency balance, the Secretary will mate
ay increase hH bond purchases during the coming
month. The investment demand for Government Sc.
cucs in cIuenre Of the large coin disbursements
of the Treasury. has impaired more activity and
Strength to prices aud the market has made further
advance on yesterdays quotations of kdH n cent.
IIr stronger one OF gold has also induced snec
ulatlon, The action OF the House Yesterday Ia
IT. vote on the Currency h, as frequently heretofore
STATED In THE column, indicates that contraction
mca'urcs pa,s during the present session ana that
the House is unqnaliedy In favor Of exuanbon. The
growing belief IN the postponcment OF ali financial
and various financial inst buttons seek Government
bonds, OF employing their furDlns balances
No large amounts OF stock were offering ana dealers
found much diflcu ~ IN llling important orders.
lie market closed strong, aud Henry Clews Co, 80
Wall street, report u 5 l.. NJ.