The sun., 1870-12-29

WEDNESDAY. Dec. %, PM-There was q moder-
ate business In lew speeiaues Of the railway share
Market prices having been steady and Arm through
out the day on limited transactions. There was,
however, special feature 10 the market, and moth
ing OF particular interes, except some purchases by
prominent operators. The most active shares were
Northwestern preferred, Rock Island, Lake shore
the St Pauls, Erie, Illinois Central, Pacific Ma and
Western Union Telegraph. Union Pacific stock was
higher. and advanced nom 10N to IN. Reading
was active early 10 the day but became quiet In the
afternoon Ohio and Mississippi. Pittsburgh. Wa
bash, and the remainder OF tho list speeiaI,y
Gull, with scarcely SUFFICIENT sales to mark quota
tions, except in the FIRST named.
The money market has been the chief feature OF
the street. because Of the anticipated locking up"
OF currency. There nothing OF importance
during tue morning. eIoept the fact that gold interest
exacted stock coraterals, but a majority Of
the brokers were able to accommodate themselves
At this rate white Government dealers had no dlni.
Guilty In meeting their requirements at the legal
rency rate Those borrowers who decided TO await
further Developments OF the day, and had made no
provision for thoir necessities until after o'clock
were forced TO pay 11GaX v cent. eommissions in
addition TO v cent currency. About 3 o'clock
there was considerable excitement a. the Long
Room. occasioned by the free bidding by
a prominent stock operator for a decline, and
who offered as high Is n v cent. for
the use OF one hundred thou.aad dollars
until tomorrow We learned subsequently, that the
losning party. from fear OF publicity the desire
to be identified with the clique who endeavor-
ing TO make moeey stringent, declined TO confirm
the brokers' transaction OF $4,000 al the extreme
rate, and the money was consequently not delivered
The whole affair appeared forced for the purpose of
affecting the prices Of stocks but the quotations
continued moderately steady, and only In q few in
stances were stocks turned ut a difference OF \ y
cent. The money market presents quite a mud.
ele" and operators arc very diverse in their views
While an artificial stringency may be possible for n
few days, yet the heavy disbursements of the Trea-
sury, also the fact that the banks viii pay their
seuiL annual dividends Saturday, viii tend greatly
toward ease, and tue lock up" will be OF short
duration. Large amounts OF money would how to
sia centre e tie country institutions could be a.
sured OF legal currency interest, while the e1tra
disbursements OF dividends will largely increase the
amount OF currency seeking temporary investment.
We told that there h1s already been a quarrel
among the members OF the lookup pool " and to-
days operations H. the stock market would 10
confirm this assertion.
The gold market more active under the re.
ported manipulation OF stock brokers' wno were
important buyers, and who advanced tie rate ior
having balances cafried IRON n cent to l.lO and
81. The early price was llOA., from which point
1t advanced TO Ill. though subsequently dropping
TO the opening figure.
q, ga 699; and currency balances, ti,tT2270 The
following ~ere he quotations:
10 A. M....1ioi 12 2M........ll0K $50 r. M...Ii0N
Has a. Mill lio p. M.....ii0k iJ0 NJ. .lI0S
Al the Treasury sAle Of one million OF gold. pro.
posals were ELECTED TO the amount OF o. az, 900
Ringing from i1Ok to 1000. The awards we're
made on a DAsis VI 1lO.i6All0O.
The Sub-Treasury gold receipts TO-DAY were 92,-
75 gold payments, t46,2i7.gl: and goid
baisnge $50 ss. Currency receipts amounted
to fl6t6O5 80 puym. nts, S327, ,3iSO6 and currency
balance, tn,15O,6O4W. Customs receipts
t269OO0.
Foreign exchange has been steady, with small
| transactions At yesterday rates.
The Government bond market was quiet at the
early session OF tue Board, bat became nure active
| US tie day advanced. and improved hdn n cent
on the general list The transactions in tae aggre.
GATE were larger than for several days, ana prices
were STEADY Al the close.
henry Cle~s Co, 80 Wall street, report late
| pricea a follows.