The sun., 1872-08-08


WEDNESDAY, Aug. 1-P. M.--Tho operations In
railway shares willie rejecting larger volume Of busi
than yesterday yet presented no features. which
In times Of active speculation would command special
notice majority Of the leading operators are sil at
from the street and for those who remain A. well
the outside public, there but slight inducements
speculate either side of the account The market has
touched point which the bears Just at present do not
inclined to vigorously attack while. on the other
hand prices yet too high for safe attempt NJ any
important bun movement, in view Of the hestatlng and
unsettled condition Of financial and political affairs
The advancing price of gold and the prospective srn
gency In the money market during the later autumn
mcnhs. well a. unfayorable deductions from these
causes has already occasiOned hosancy In speculative
movements until the future can be more clearly dis
cerncd. The outside speculaors therefore, prefer to
await further developments and will not be induced to
engage In new ventures for the present.
The movements to-day covered considerable business
in Erie which made the leader Of the market while
Pacific Nail, Union Pacific. western Union Telegraph,
Rock Island. and Ohius were also prominent m tnrlt
dealings Err oreeed a. ga, but was suddenly e. sold
mcut to 81 with subsequent acy. nue. uStiuus betS,e
seSa S1 "; SSs SoSss Al os hsvne beo2 @
alternately weak and strong, on narrow range of
Al the afternoon call Of stocks a sharp attack
eansed more more 1Ssetiird fccins throushoui he
market with small transactions during the suhsc
strong. especially the preferred. on good trade ;
III the latter dealings anu l. -. Nanntn. hud
Quicksilver attracted more attention. In the others Of
thc list there nothing worthy Of remark, the gen
| ,ral market having closed du hut steady, without
much change from tie opening figures. heavy ton'.
however potyadCd the general maret, and cfora made
to-day to infuse huoyancy into the leading epeCaltcs
| do not seem to haNt proved effective.
After the harder rates noted Ia money during the last
few days the market to-day rclapstd into is fJrutr
condition OF case and at tho close large amounts were
freely offered at aud r cent, though few nrgutt
| uou' Nerc reported 90 during the forenoon ~ part
explanation Uf the late higher figures on demand loan
may he stated that borrowers were lglng 'o.d d.
collateral and thus gaming the twufuld advantage OF
making gold scarce and weakening 'e hfnk tVsOurccs
His iIfDr eject II shown IA the uHhtuN or neguta.
tug long loans, except st high rates cent b, ing hd
| ON % daNu aud that rate Ia gold for loans
running all the year. ON gold the considerations paid
ttil higher 10 & per cent. being bid for s use
for 10 dsys. 70 for ~ DAYS; : to for ca days
2N TO a. for D days, and ~ to ~ for ne use AL this
year. This evidences the expected scarcity OF the
prcc ous metal anu Tue ANTICIPATED closer working uf
| money during the fall months. At present, however
| m, n.y on call is abundant n commercial paper TIC
| very best selections move slowly % tn per cent.
Government bonds opened steadily and ruled 20 until
the reaction In gold and the readiness with which the
Secretary purchased the advertised fHn!so caused
slight yielding In quotations, ist,s being quito fotH
pressed at il5. The market, however closed mp du
| and steady The tl.G0 OU j-As for tie -nking fund
werr obtained At 1lS- to ttL,S total Oretings o
| tt5ii.fin AT M 30 to llS.sI.