The sun. [volume] (New York [N.Y.]) 1833-1916, 1870-07-25
FrsANoIAI AVID coMmkRcIAL

FINANCIAL AND COMMERCIAL
SATURDAY, July ESP. M.-The railway share |
market presented especial feature OF interest
ing been advanced nom x to per cent early in the
nav by the cqucs for the purpose Of selling and then
prices were permitted to decline in nearly the tamc
proportion. when subsequently better tone and ae'
t,y was recorded the close thou IN not at the est
prices Of the day 1t will be remembered that the came
tactics have been pursued during greater portion OF
the week. The cliques heavy sellers on the ad
vanciug nArKet, and are endeavoring TO get out oil
stocks The most active shares were Lake Shore, New
York Central. and Hudson stock aud scrip, wabash
Rock Island ADD Reading. The fluctuations IN the lat
stock we're quc active. and, after reaching SiS,
sold down ~ y Tic balance Of the list wa un.
,.psstsS,: AZ. & An'ry Of operators ls' inc s'iee'
The gold market showed no especial activity until
about O'Clock, when there was a sndden rush, prin
cinaily the foreign bankers, to purchase. The
market carried high ig0E under this influence
An advance Of y ccnt.-with heavy purchase at
the highest point This Upward movement was Induced
by bogus cable deepatuh which freely circ Mated
the street. that United states bonds had declined in
the London market to ~ white subsequent kilograms
announced the pncc at 81 and much severe comment
and indignation expressed when tho falsity OF the
hFst despatch confirmed The members OF the
Gold Exchange nj once met in executive session, and
appointed COMMITTEES to investigate the affair, appro
prisnr $500 60 100 OF which should DC paid for the
detection OF the author OF the false We trut the
gently parties will receive the severe punishment they
most richly deserve. This is the hrt instance
fictitious teie grams have been a1roty palmcd on upon
the Wall public causing heavy Losses to opern
tors, evidenced during the recent session OF
Congress the present Conuu imbroglio would
seem 10 have given lease TO deception, which
will entirely eclipse those remarkable private wash
ingou dispatches. There Is also much complaint
among bankers and brokers in Wall street tha their
cable dispatches unnecessarily delayed In delivery,
Will, the same information is freely employed by
Others In interest OF certain parties The managers
OF the cable rncs should ascertain at once whether
there any 'sonaole grounds OF suspicion, ~
many who operating IN Wall street on advcos from
their foreign correspondents do not believe they
promptly delivered, and that they 1s used for the
benefit of other parties those to whom they
addressed.
In the gold loan market there has been feel
ing and balances carried G. gold, i.S2,
s. and cent tue mai after clearing house rate
being .. Inc total clcaringr at the Gold Exchange
Bank were sc $4,000 gold balances S!OSS ani cur
rehcy balances S'Si2Vi5 IEe principal quotations
G9tGiCAMiio to i5H 81 M..III299v
ii:So A. M......iS ,l;i5 Il. M.ii9s $50 r ST. .'.ilO
Foreign exchange has hccn duh with ansolutcly
nothing doing. rates bcns nominal at the Quotations OF
The total imports OF dry goods at this port Tor TIE
SSSs Msek a. 9n39qs to s rn t nj, # gy@e s
,sG az araiaa y };i9l an ge use Ss o. ..,l Tue
Tor the week OF sJi9l5!, ANA ,ince January sl.U.
ooa F rF fTTpS the wSN ' sS ~, 70 r O.
S9a Interest SO, on tue pS9Sc debt s3liSs; " Wv -
Ihs ban; ,'reln,lit Tor Che wees cadnl; ic,l;t i,
ZEN, AID traccai,St Is ihe itrse exports Of thc wees
@ = a. tIS was % @R SFTST a 'g have "sl
IA. ierti tender zen, It y n rots'm. At t~ept TO
totals 10 co@pnicd viii "st I,5< arc as sGp oiicd
Loao,......iss.il s = ss 55 l4 Si:i.eris
s.:..:... 4 .s. ...i $:::....
DAINTY '"r,ed Nm GSnese mud; and ca torrqE
s, teir o,TensS a. nd ~ e.pi ,'
the close We ar OF sqoc lcadns b1al dSi,es beng
aud hardening 81 rates was qle 10 arii0cal ta 'f
n aux WIZ we sn ana TiS d Wv,
In TIC drrount murNet dcai.ars are light, lr'U,e
| i1e ierori isat large a1oI6, Of n,ed sini,cs
q1as,rts as b.a rs 5000 90. d,d no. naye nc .c.
s ose s seer 81 eeP'i pr a.d IA y,Sy Of III.
s ssc,s @ cS" ,%a.EG i.S ys Gs" T %rc Of n2
G @ ,lr SS ' e SFys CIV. s Co. 81 All S
poI IL follows al lijO p Mi
MT Adedl M. AI.d
Vi is eqrFsgcy IS II? Il ~, g cor f.,
e ,'' rss soSGG IL s, q SSap.iS %e
= & S eSSo iSS S G si, ZIP g TX; ia
IN state bond the chic, dealing were Tc1ressce'.
Msch Me'e strors md h.ser TIC ia isslc 'vauc ng
georgia !, we've 1qH Il =, sid ns@ ka." taSo.a..'
d ,@ui 'i' r ,"N n'i q. GGi d" IN ,'''L C. ~
i'nnk aIys ,oii a. 70 iol la.k Of tpmmsicc % 80
1a15"' lWaf n@- G" 10 Voc staaty' lH
we q g9oi a,g grrt ,pqnry, Ss,e,auJ.a ce's
tnn! o5"'s Go ns At 1000 '.ncoaies. iAG;J aud
o. SStleac qnotatlon..ry.w York c,p.,, ..ocs
& ,. y %,S,. n Ia " LIP ZIP ,s Esaa
81. c, E'cr o, hl4gd, iii r. @ul, s',H..n
stll ~ ssSi@. Er'e W. doll ~ S..t~ Foit Na'0e.