The sun. [volume] (New York [N.Y.]) 1833-1916, 1870-07-23

FRiDAY, July 22-P. M.--The railway share
market was rallied by the cliqucs carly in the day,
and the tactics followed as noted in yes
terday's transactions. A desperate effort was made
to sustain Lake Shore, and with partial success.
About midday prices became heavy and depressed,
with decline OF 4 10 ~ per cent. on the leading
shares, though there was a subsequent rally the
general list. 1t must be remembered that the prin-
cpal shares have declined over ten per cent. from
the highest point, and the future OF the market will
be decided within a few days. The cliques have
been heavy sellers to-day whenever prices were
rallied, and there must DO large short interest In
the market. Whether a further bear movement
will he continued depends entirely upon tho devel-
opm.nts Of the continental imbroSiio, and opera
tors are unusually cautious in the absence Of any
importau, cable Dispatches. Tie general market,
however, closed firm, but not up to the best prices
Of the day.
The gold market has been even more "mixed"
and unsatisfactory than yesterday. The German
firms have been alternately heavy buyers and sellers
aud the Of quotations has been lis and 1905.
There was especial feature in the market, the
tran factions being comparatively light, until about
half p asttwo O'Clock, when one OF the most bril-
liant movements made TO force down the price.
The stock operators made desperate onslaught for
the purpose Of affecting that market, and one OF
the most formidable battles ever waged 10 the
Gold Room was recorded between ais and
$40 p. NJ. The bulls and bears appeared
more evenly matched than to remember for
many months TIE former had the advantage, aud tho
price quickly carried down from ll9A to iis's,
though as quickly ralying to il9l The changes OF
| the dial several per minute while the contest
| was being waced. The occasion OF the decline
the reported OF bonds In London TO S2H and
q rumor that Napoleon was seriously i'll. After the
| struggle was over, the market became weak drop
ping to 1isH, though ralying at the close to ll0.
In he gold loan market the rates paid carrying
| were and y cent currency and cent gold an.
mum, s. Of cent diem, and after Clearing Hou Sc
I'll estimated that between 81 900 aud o. 900 900
specie will 90 out bv tomorrows steamer The total
cearings at the Gold Exchange Bank wsre tlSt3o 900;
gold balances t197tS6 and currency balances, g. $685.
| go. The principal quota lions were;
| gto 10 .li9 OILS liDPM; .i2os 80 z w",.iisN
iGi7 M..........'iss SIP. Nj. lis SP M...iisH bid
| Foreign exchange Is rather easier thou gh rates
| nominaly unchanged at li0k for prime 60-days bills,
liol for sight, and i1o1 for commercial. Francs on
Paris quoted at al2HSli to the dollar, for long
| nnd5iik9S 10 for short.
The market has been easy to-day at and per
call, with exceptional transactions ats Ia the
discount market dealings in prime commercial accept
moderate, though strictly nrsc,ass nam es
pass below Ct The coin balance In the Treasury now
stands at s0i 900. OF which lO0OOOO coin
ncatcs; the currency balance amounts to 5000 900.
which decrease OF about t20Ooo00 since last
| The Government bond market has shown stlll more
cheerful cling, and the opcuing prices TO :.
per in of last nights closing prices. nj.
though gold fully per cent. lower AT the second
call the ket shade lower. but later reacted
Foreign and domestic buvers have purchased freely
owing to the improvement in prices In Eurole Henry
Clews Co, 81 Wall street, report a. L. NJ