The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1870-10-24
FINANCIAL and COMMERCIAL.
WALL STREET,
SUNDAY, Oct. %, 1870.
rnA cENERAL TRADE or TIE cry

Z
SUNDAY, Oct 30 ls7o.I
TINE GENERAL TRADE or THE CITY
uuring the past week was fairly active and the mer
knants nave disposed OF their stocks at good prices
Inc cooler weather has occasioned a demand for
heavier goods. and the houses making woollens
bpecialty have done heavy business. The up town
trade has seldom been brisk and the reports from
khe storekeepers IN the retail line are unanimous as
10 the extent and activity OF business. The season
30 far has been fine ana open. The Industrial
classes have had constant employment ever since
the resumption OF work after the summer dulness
Abe real estate, manufacturing and other interests
pl the city are animated, giving employ ment TO art
hans ana mechanics and drusing money among the
people who are the retailers patrons. In foreign
Trade there Is heavy line OF imports for the week.
eue TO the fear that certain styles OF goods and GER
tain articles OF luxury which have gone up In price
hre destined to command even higher prices with
the destruction, at least the interruption, OF the
isOurce OF supply. Reference Is had to the Silks
gloves and liquors which are the special pro-
duct OF the rural regions OF France now
embargoed by the armies OF Prussia. The exports
pave been lighter, but not through any want Of
market, but through dearth Of shipping facilities.
Tho export trade has a 1attering prospect, what
with the steadily rising market In Liverpool for both
potion and wheat the domestic supply OF the latter
IN Great Britain threatening to be greatly reduced
owing to q partial failure OF the crops, while the
peace prospects encourage fresh demand for
bottom from among the spinning interests Of Eng
band.
THE GOLD MARKET
! This morning, despite the character Of the day,
Shore was, doubtless, considerable mental profanity
Pmong the SPECTATORS In gold who yesterday, mis-
He'd BY kilograms that the Treasury would not pre-
pay November interest before the 2srh inst, pre-
pared for their deliveries OF tomorrow by engaging
Spld on Saturday at J. q i per cent, while ct the
Same time Secretary Boutwell, was really issuing in
structons ordering the prepayment on Monday
morning The general circulation which the first
nespatch got In the Gold Room yesterday was,
ln0ubtess, due to the energy Of the genuemen who
pre specializing with tho gold entrusted to
ehem by the Canadian banks. In fact,
d was the manipulation OF the market by this
cque which gave It Its sole interest the past week.
sThe cash gold available to the Gold Room being
!ttrely In their hands, they operated upon the loan
market so as to guide the movement Of the premium
IN their private interests. The result strin-
kency which led to such nigh rates as u u and 5-16
Der cent per day for the use Of gold. At the same
kime the fluctuations In the price were merely such
- to respond to these changes. and the profits Of
the clique on their speculation, while quite large IN
abe absolute amount, have been fractionaly small.
THE COURSE OF THE GOLD MARKET.
The extreme fluctuations daily In the price OF gold
n no folln