The sun. [volume] (New York [N.Y.]) 1833-1916, 1870-05-14
IIAlNcIIA AND COMMERCIAL.

Funny, May lG-p. M-Thc railway share
market to-day has been again the absorbing feature
Of the street. The volume OF business vas not 80
large a. yesterday, though at Iimcs the dealings
assumed unusual magnitude. Street speculItors
and C.tsijo operators were esrnest ~ their dis
cussious OF yesterdays sliowd masiquati1ns Of the
market by those ciquos who, for some days pic
vious, had successfully advanced prices, but eel.
ing Of caution was apparent Throughout; the days
speculatons. while tue more timid threw overheard
their stocks. Consequently, at the first session
there were heavy realizing sales which, together
with tie operations Of the ciques for decline car.
rici down prices from . 20 II = cont. At this
junciure the cques were al. covered to Dc buying
leayi'y, and rally of over Z cent nom the low
est point was recorded. There was evidence
that the chief combinations were ouucayor-
ing to cover their s'ort sales Of ye-tcr.
day, but not lciHG successful a second
raid was consequently made uron the whole list,
which further Unsettled lie view, Of operators, and
caused lcycrsh market, cur! luz prices again to
about the lowest nrures Of the day. There vas
subsequent rally of y to :, - cent. with slight
reaction later, closing steady. Spectators appear
belonged by the new tactics suddenly introduced
into tue street. and the views Of operators are
usually diverse. The fact ia the yarious comoina-
tons operating for ri-e, having successfully I'm.
oaded,arc seeking to got back acir stocks aud short
sales al lower prices, hut Ihs outside public, well
as the street specu,alors enibodeuol by tIer sue
co,scs o. the past lew weeks persistent In sus-
tanning the market. Tie struggle to-day has teen
severe, AMI is not yet ended and an Rcivc, excited
market may be confidently predicted to morrow.
Tic sensational kilograms from Washington, rcla-
tive to Il proposed action OF the Banking and Gun,
reucy and Ways and Means Committees on the Cur
Tency and Funding bills, with which the street has
been flooded, have further assisted in dcmura.izing
the stock market and disturbed botn gold and Coy.
ernmonis in alesser degree. The probabilities OF any
financial measure--uch are now before those com.
lnittees-being seriously con-iae cred in the dis
tant future. The conflicting views OF the upper an
lower branches Of Congress hc.c subject wide
txprCs. cl ~ toe coumu5 early N the session Do.
cone. more coundcAt - the time Tor adioulAment a
lie gold market va, 1rm at the opening, s,lllrg At
hcaW rurclrcs ~ iorcien banker. lug rrcc tom
u1rariy touched IL however, uullhs me nain,-
IN tho AFTERNOON nc ftoch cI,quc', having FAC To-
I o' t 4" n rspSsi n"ytwls. ADD sec 40
lctf lae zee TO - ., ~, ".'IH y.t - 'nA
N-,Aa,aId > F, ccAl we've the rates 'Ni lot La'u.
tiin!a Raan v"ie t50iss66i roI nrIm,of, s4,55i
ld clr,s,y bal"""re' 'iCI''Hl' lhe principal quo
Il N M.:Il + N %:::I1.. jM M..ii,
ForIln ,Nch ugc has been sirGag hougn me dcW3nl
wa. limited Viiuo siAfl DAYS bills hD1- gul'Cl no I|
s-ht ~ ~ - commercial al i0-1E ,iuI, Rnd francs ou
!or lh1us'.1 sl, ,yjlOa to thg G1.ai ipI ~, -
.i1aal y. t.. short.
luc money Uort has becu without cs entI chang 2,
The hAt ply hcluT adequate to meet ' uennud 40 a4l
. q cent o. Cal and 20 lafac number OF Gel tons 90
3. The luu OF transactions however, has been ~ g.
IN llc count tIli. Ht sIl.iK Lrs'tiirb mercantile
nau. wee IN good f,unLdi AMI uut raN ft'e "A
t'', NJ, good enCog a notes AT aud s. ani sHglG
tlSHatult. ~ and upWdrd.
Ihc Government biut tct ha' been Gln thluah
not W. 80 tie hCrt nIuicr Yesterday, the nVtN-
ment G"mand has uCrn healthy wniCl together " m
the al, ance of bonds Ia Loud IN, had tendency 10
concordance the cfcct ot the uuaNurabc adNrrs
| nom hHshngtnn, Tue volume of bnsnctE has been