The sun. [volume] (New York [N.Y.]) 1833-1916, 1870-09-26
FINANCIAL AND COMMERCIAL.

SATURDAY, Sept 24-P. M-Thc dealings in
tue departments OF the stock Exchange have
been light throughout the day, and no feature Of
interest was noted. In railway shares the market
was dull and dropping durng the morning, with
light reaction late In the day. closing barely steay
at the Improvement A majority Of the brokers left
the street a, early hour, and the trans actions be-
came quite insignificant. There no evidence OF
any clique movements either on the bull or pear
side, and tie general list left to take Of
itself Until the outside public can DO induced to
give their support TO the market, there can be no
successful speculative movements inaugurated for
rise. The general market seems TO have driited In.
TO a condition OF weakness and inactivity from vari-
Gus causes, prominent among which is the fact that
= number 0f the CLIQUE are heavily loaded up with
stocks which the street spectators are not in
chned To purchase while tie present unsettled con
d,tun presents no prospective profits. There ar,
consequently but few shares changing hands. Not
withsiardng every effort n being made by the chief
clmJinlti Ins TO get rid Of their stocks. and While
money CONTINUES to rule easy, yet outsiders are not
induced 70 risk their surplus funds general fee.
ing revsils that stocks viii continue unnvitng IN.
III the leading oliCCes have managed TO unload IN
some way by the enploymcnt Of new devices and
that no SPECIAL activity Viii be noted until there Is
more harmony o. action and less Of pickering
among the chief m iguateS OF Wall street
Tic gold market rca used into iis former duuess
Immediately after the stock brokers. who sought by
depressing the premium to create lowe pri scs In
railway shares, ceased t.r recent operations. The
extreme range during the regular session was 1885
Gll2l. but on receipt Of cable reports Announcing
tie failure OF negotiations between Fayre AND Bis.
marck the price STRENGTHENED, though the int0rnla-
ton came too late so ever, any speciaI lect upon
quotations, majority " operators having lei, the
street.
In the gold loan market the borroWinv rates were
and v cent. per annum, lGi Of y cent. until
Exchange Bank were $50, 90; gold balances,
ti,Gp,iT1 aud currency balances, 81 ,55a2Gs. the
amounted ,c t 5 sne Of o General E crS s
t3sIs5t5 total n $500 C6a a. against 81, $50 90
lag, week, and tl53i6si last year an increase os
exports OF specie to daY sigO,26j, a total for
the week OF $l,3i5i0s, and since January l,
$4s 7T5,la3 The Treasury duriog the week sold
tl,CO0DOJ gold; bought S3OOu,OOc fve-tWcnhos
received ia coin for customs, s3.0gi G}295 aud Tad
out n coin interest on the public debt, S2JB99i.Ge
The following were the principal geld quotations:
10A. M....,ilsk ll:i5 \. h,".ll}K3P M.......tt7'5
1915 A S....li2A p, M.....ll3 $50 +. NJ. rs bad
The money market has been abundan'ly supplied
at 1 TO = cent on cal 10 the leading Government
brokers on approved collateral The COZ tinued ex.
ira purchases OF bonds by the Secretary Of Ihe
Treasury has impaired confidence In the future ea.e
Of money, and has stimulated trade in commercial
circles throughout tne country. There is no special
movement Of currency to the Southern and Western
States, many gf the leading hrms in the principal
Southern cities being In position 10 draw bills u
exchange against cotton shipped to Liverpool and
tuis ce-tre We learn that since the 1st OF septcm
her foreign bills Of exchange on Liverpool have been
sold iu this market representing COCO bales OF cot.
ton from Savannah alone. though portion Of these
ccnsgnmeuts arc doubtless anticipated. In the dis
count market there las been more business record
ed. the range for prime commercial paper having
been negotiated a. i99 cent, according to the
Tue Associated Bank statement shows a loss IN
the net reserve OF over tss3Q0o as compared With
last week, the banks still holding about s13q.OJg
Ia excess Ut The 20 u cent required b. law
Tue following are the totals: