The sun. [volume] (New York [N.Y.]) 1833-1916, 1870-08-31
FINANCIAL AND COMMERCIAL

TUESDAY, August 80, p M.--Thc railway
share market opened steady, with small attend.
ance OF operators, but during the morning prices
improved, and at the l o'clock call, showed the
highest figures OF the day. with an advance
on the leading shares OF y to =. y cent. 40 com.
pared with early transactions The upward move
ment at once called in numerous SPECTATORS, but
amer the clique who engineered the rise had sold
some large amounts Of Central and ii hudson stock
and scrip, the market was permitted to subside and
the lowest prices OF the day were subsequently re.
corded. Lake Shore was at the same time adyanc-
ed 10 %, but afterward yielded < q cent, tile
balsnoe OF the more sctive list dropping nom
4 to N Q cent The principal transactions were in
Lake Shore, Central, Northwestern preferred, Wa
hash and the 81. Pauls but aside from the tempo
rary activity above noticed there no feature in
the market, which closed extremely dull, though
steady.
The gold market grows more stupid each day
Earlv transactions were effected at li6L but the
price fell OF to liG report OF Prussan victories
and a further advance OF American securities in
London. At this point there more disposition
to purchase, and rally 10 1iGs was recorded, clos
ing however, AZ about the opening price OF the
morning. The members OF the Gold Room
much mixed" in their views Of the future OF the
market; and the cliques who were operating for a
the price 17I and ii1,. have not since been con
spicuous 10 their deaings Aside from shipments OF
specie In consequence Of the European war, another
important demand will soon be presented for gold.
we learn That the principal importing houses Of
this city have lately purchased very largely Of French
silks and German fabrics In authorization OF rise In
prices. II is well known that almost the entire Ger
man population now In active service In the
armies OF Prussia, while the French uanufaciurtrs
having become alarmed by the invasion Of French
territory, Offering their products at % and 81 z
cent. discount for cish. The leading merchants OF
this city are taking advantage Of the lower prices
ard such as eau arrange FOR ready cash in London
Paris arc as above stated purchasing heavily. This
fact will also explain the large amounts Of customs
duties paid into the bTrcasury last week and il il
probable that an increase ia imports will be recorded
for some time to come.
In the gold loan market the rates paid for carving
were 1 and 2 q cent, though IN several instances
balances were carried free Of interest The specie
shipments by the Cunardcr tomorrow are estimated
al $4,000. The total clcariugs at the Gold Er
change Bank were s9S,257Ooj; gold balances, .sss
liz and currency balances, s1OiQ,3n. The prlnc.
psl quotations were
i iSsSh M.iIi$N 5?R MiilISE 5 Is y
FOREIGN exchange was steady in the morning but
weak at the close, under fce sales OF sterling aud
prime bankers 90 days sterling tell or to 1924 and
sight to lioH. There Is limited supply OF com
mercill bills al 1000
The money market retains its late ease, partially
the result OF tho duness OF speculation in all de-
partments OF the Stock Exchange We do not hear
Of further shipments of currency To the West, tie
course Of domestic exchanges having turned In favor
OF this centre. Borrowers on call readily supply
their requl rements al y cent. pledge OF United
States bonds, anu 3 and on railway and miscella-
Deous collateral the latter being rule excep-
tOnaL In commercial paper there IL no change,
strictly prime names being quoted at I too v cent
The Government bond market has been dull
though prices have been shade lrmer than yester
day, in consequence OF the Treasury demand for
September. In view OF the possibility that the Sec
Teary will materially Increase bis purChaiea holders
OF stock 10 feel disposed to sell at present quo
tatOns. The market closed dull Henry CieHs &
Co., y Wall street. report ats T. NJ:
Iad dSfsdl mi. AstSd.
n cnrrency 4, III ~ 4 M req 7 4 l0i. lid