The sun. [volume] (New York [N.Y.]) 1833-1916, 1870-01-27

"WEDNESDAY, Jan. ri, +. M.-The gold market
has been active and higher to-day. The opcang rice
l2i from which pointthcrc was steady advance
20 IL, though subscauenty reactng 10 t2X closing at
Ilk. The Transactions have been large aud foreign
bankep were free buyers until the price reached le
which time. under FREQ offerings TO realize the mar
ket became less buoyant. There IL evidently move
mcnt 10 further advance the premium, but so many
small operators unload whenever Z or y v cent pro-
hs he realized. thst the clqaes operating for rise
disturbed In their plans. ard DO not sustain tho
market For days past there has been noticed Ihc
purchase OF small lots, evidently that suspicion might
not 10 aroused as 20 any especial movement. These
sane parties were purchasing freely to-day bat at l2
i2ik were seliess. lie market, however. continued
strong at the decline, and fnner feeling apparent
at the close.
The proposals Of the Treasury for the purchase Of
million gold elected BIDS for t;25S0o at prices ranging
from iNk TO i2l5c Among the bids for the
round mllllon from Pisa hatch. reported 10 bs for
the Western Pacific Road OF thu bid toI6.5gO
ceptod az 2n, between which and i 20 The rcu alnder
Was avs arlod. Holders OF coin have pad g. 81 and
cent 10 have their balances ed the latter being the
nual rate. The total cearlnGs at the God Exchange
Bank vcr" f6U'uCoj gold baaaocs tiJ05.i7i and cur.
rcncy balances. >i,Stsoi. Ire principal quotations
were;
i!.SP W....isa lSP M..'.isi r. M...,.....i2iS
Foreign exchange has been nrn at the advance OF
yesterday, though the supply Of cotton oils 10 less limit
eu. NJ inc Close prime tNty days DIS were quoteu
AZ 1927, aiosS sight at l09a lo9, and commercial ster
ling at iOsAetiesf.
The continuation OF the redundancy Of currency Ia
reflected In tie tender OF national bank notes In
meut FOR the gold sofa TODAY the banks freely Offering
the same 10 purchasers for I've and ten days H
that IT, free of Interest condition that at the expira
ton II tine grecnbacs should he returned The ruling
rates TO borrowers call l@5p cent. On pledge
o! United states securities and SGD cent railway
and miscellaneous col ateral The Comptroller " the
Currency this morning called upon tho banks for a
statement OF theit condition Saturday, the ia. ~
the Close Of business. In the discount market choice
aooeptances WIRE in good demand at TOO cent
The influences affecting the market for Government
bonds have been mainly favorable higher figures,
prices ready refI ondng 20 the advance in the gold
premium. and the nrmucss Of the London market. AZ
the opening prices were strong, but have since
fsen. aud at the close were \ TO y cent. In
advance OF those current last night The dearth Of
Don Ia on the street renders the market extremely
sensitive The supply coming In from try holders Ia
Gnufualy i-ht and these readily absorbed by the
demand for Investments the purchase OF one million
nYciwouues tomorrow for 'he sinking Fund also ex
eFs tendency toward higher prices both forming On
element ofsrenath that the small return OF bonds from
Europe has failed thus far 20 countcIact. The maiu
portion OF business has been in the sixtysevens which
have sold as high lliX. The etrrelcy fixcs were
also In good demand.
| Henry Cleva "a D w.u .t.n.. ronort AND ~