The sun. [volume] (New York [N.Y.]) 1833-1916, 1870-10-12
FINANCIAL Avn COMMERCIAL.

tuesday, Oct IL. M.-1he railway share
market was very ectiNe throughout the day and the
volume OF business larger than recorded since the
early days OF the summer. The activity an strength
iHplrted to prices on Saturday and yesterday er.
tended throughout the general list to-day with Lake
Shore. Central and Hudson, tire st. Pauis North.
westerns, Wabash, Ohio and Mississippi, Pacific
Mail, and Western Unicn TELEGRAPH as tile rrincipal
features. The operations OF the cllues In lifting
tie market from its ate extreme duness have been
even muro successful than anticipated BY the leading
msniTuators, though, ~ yet the dealings have been
chiefly confined TO street " ccuators. Tho increased
amount Of transactions seems to have taken the
bears by surprise, and It IL not impossible that
vigorous attcu ~ will lie made to check the alvarez
Some Of the leading cuGucs were believed {. hsve
sold heavily or certain slai,s winch they hat teen
carving during tc past summer. wae Tu.c'asiu,
equally large amounts Of such stocks a. Lake Shore
ohio aud hi.sssippi. Northwestern preferred, Ard
some others When this fact became Known many
OF tho lager operators became unsettled ia their
views and evidently dld not comprehend the new
tactics introduced INTO The street The excitement
IN he Lors Room consequently tcurouutly sub
sided with slight reaction from TIE higher price.
though later In the afternoon the whole market t.
led. aui closed at u best figures Of Oh, DAY WIta
heavy transactions recorded.
The gold market was du! and witLou, special fcs.
ture In The morning the rate raid forthe use n
gold was lower, ana tho price fcl Cd from Il24 70
i1', Tut gold was made scarce later In &c day, -
hi p o. iiG Of enc . cent beng raid fic pr,utui
su' soqucnuy roe to il3i, hut under the nGu,..o
of nee .a'c- tie price lel or to1l3, closing At ti.
figure bid.
C.-h cold during the morning ws easier. atj
lcrt at fiat TO b cent per annum. Subsequently.
however. as high a- Gi ant 1.l6 ~ p cent were
rdl In'l tomorrow TIE receipts Of gold a, the
su'-Trc.sur were fG57Gi5,GJ gold payments.
s. 2 i7d ~; hslarecs. SCI, sos y4sg The currency
r.cepts ycre = i11 Cos; payments, t3l6 $50 p;
balance $3.50 MIS-. The customs recon footed
Mp $GlLOJl. Bonds Of ISL were presented Tor re.
demm9i"n to-d'yt1 to amount u tl5lrpl, total
ch u.c Blnk were SIS oil Oo, roi balances 500.
~; currency balances, Sl..Gsg2i. Tnc principal
Gu .tttOns We're:
oo 5 HtAtN li : 81. .Ii,. o MHi,'55a s
Iorern exchange c,ntinues weak. aud WE
30 1yo1 sales are rcrortcd eonccssions, and an
orct - :or long lil, would douot, lie ac-
''"t"d. We Hcig ~ safes Of good baukers' bl at
iW - tLe ayoi,s Of sprcie at ihis tI.s during
Ne I1-t Week .a outted 10 Si'eij. I.aAit- q tota.
.'n'e 'ant1fy l OF tH-,a.i5 as AGAINST -
- So in 1901 and e e5J.i,S . 1873.
Tue mcre market during TIE early pert OF tho
DAY worked casiiy at about ye ',rdly's rates. TO.
aaro TIE g,se Of bank ho'ts, no yeycf, the H..
creased volume OF business al the Stock E1chai ge
caused moro active demand though the supply
Nas ample TO meet TIC inquiry At 2 cent. that be-
',g tie more general rate tho stock brokers Dis
counts are slow, but strictly first class commercial
fecort,l COS were nj TO 81 4 cent
Tie Government bond market has been duh and
inaclNc, tdpush ptices have been strong IN view
ofthe proposed Treasury prrcnase OF S2,0)0O01 on
Thursday. There has been 40 speculative auima.
tion noted and ire trassacu,as over tie counter
nave rl-o teen limited. The fOteiEn d1anciu mar.
kets we're irn, tye'w,p'es heiug quoted IL
- a'if; ~ D., m're,, closed strGns On ile basis
"l liD. lltE Ir fiNiyscvcns, Henry CleWs
CO., - Wal street. report at . p. NJ:
r ,,5 e.gr,r,c'ye' ,% A., 80. res;J &jlioy m94
-.'s rrg-A.0N lax los. go o. coup. liD's d 5
'..s -. eogp...iiiE ~ CT. COS ni.... s.S sls
STATE bonds were dull, the only recorded ,rlnsac-
lions being IN new Nortl Caroliuas At u, slecal
t-.H - sut Ni.s'uH e. ~. civ bank shares sod
Railroad bonds wore lut hut hrm on sales Of Cen.
EGl Pa,ihc- II 0lis. Toledo and Wabash fists qOi.
al; Ohio and Mississippi 6rsts. HA; G. q. and /.
G. hrsts. 15h; seconds, 59S Ohio aud Mississippi
consolidated, s1.; AMI Rock Island : q cents al
w, On extreme quotations New York Certrp stock
huctudtei between 93s tA scrip, sSSGtSs'. liar.
Shore, %. ts5 Waba-h, HLq5i.4 Fii,hurrh,
luC'4dlUa Northwestern common, s0',dSia.
hrei",red, ss'.TSE; kock Island, li2,, tli9t
ur,ferrea, s21sea OHIO and M-si..ip,d' 3JIG
81. Hannibal sad ST. Joseph, l09%ali0. and lie
preferred ll1tlliH.,, G. G. 4 / G advanced from
Al $685.. Investment securities were light.
y oenh IN, Delaware, l@ckawsnna sud
and Chicaso, burlington snd Quincy.at N. In tie
tniscellaneOus list there was an unusually active
business recorded in Western Union Telegraph,
which rose from $50 10 asi. and Pacific Mail ut
Preferred ilSgilH ESpress shares were duil. eI.
cppt Ia Adams aud Uuitel 81 tcs, the former being
STEADY al CO.. D60!. md tlIe latter selling at IS
Closiu prices atG T, N. were as follows: