The sun., 1873-01-11

TRIpAY, Jan. 10-P. M.-The stock speculation
during the forenoon and indeed until adjourn.
ment Of the second Board dragged is slow length along
without involving any interesting features than
yesterday the tone Of the market being dull and dis
pirted, and prices hesvy Psclnc Mail had, however.
succeeded In establishing rise to "a from 7OK while
Erie had counterbalanced the movement by q
from 81 to COG. Western Union had ranged on mod.
crate trade at slkGs2lesihaS, Union Pacific in the
Credit Mobilier business dropping from 37H to s5H.
New York Central about p. NJ became suddenly con.
spcuous and, without any previous warning broke
from Its moorines, and quickly steamed from 1915
a1O2 until nnay Gales were made high as i0i the
price holding strong at the close. There was no
gossip afoit regarding s flight, and explanation OF
Thursday morning will hold good. The movement in.
spred some Of the Central following with hfe,
Union Pacihc notably rcacting ~ p cent. TO e6N.
Ohios were weak, c., G. and I. @. strong wabash
moving at 7sKa T2ha53x. Boston, Hartford and Erie
ranged at sGiN@s4 Lake Shore sold at 92k@92,
the semtannual dividend OF v cent. Michigan Cen.
tral declined TO iO5. The market closed steady.
Gold not specially Influenced either In dlrcc.
tion the other by the foreign news and has
ed itself within the range OF ii2k@i2x though early
In tho day sale made a i2H Very little specula-
tive interest taken in tho market, the present
exports this week and the freer shipments OF gold
considerably below nominal rates by reason q late
81 o. os @ ne ae II a. sss to gold
without hSwevsr atcrnS the prices Lond9n reports
steady The BANK p France lost sSoS in tPsnes tGsI%
during the week The Assistant Treasurer paid out
Ni1Q In coin Interest on the public debt and to IN
called bonds The total clearinRs at the Gold Exchange
Bank were tt1(2 en gold balances o. 5,701 and
rcncy balances, ti3i % The following the quota
tions:
1000 A. M....li2N ills A. M...iieK si5P. M..ii2X
WlO A. M...il24 1870 4. NJ. ..il2A iPMlpa 0li2k
Foreign exchange quoted nominal the basis OF
r9hwlos for prime ~ days bills, and ai0ts for
sight, but bills al second hand accessible at iG
ifiH very conservative feeling existing among for.
eign bankers In regard to extending their credts
this direction.
Money has been active snd stringent from the very
start when the rst transactions among the brokers
approved collateral were at sixty fourth and interest
The demand however, steadily improved the day ad.
end interest, but before r. N. borrower willingly
submitted TO shave OF i5 and interest for the daily
Of money. At the close the rate broke TO and I.
There II nothing 70 rOtc In discounts In certain
directions u 10 hIned that the prolonged strngency
due TO the interference OF stock specuatOrs with the
legitimate course OF money white this may be In
part yet must take into consideration the fact that
the national banks the occasion OF Treasury relief
In october, and IN addition has sold fully six millions of
gold IN excess Of the amount of bonds purchased
the 5th OF October, contraction OF over t3G0mO In
three months. In view of these facts IL II dicut
to trace the fountain head Of the protractcd tghncss
In money. Should the market be left TO the care Of 1t
set entirely and not be subjected To the attentions Of
either the Treasury out-ders II Ia quite likely fair
I p cent. rate would be noted shortly.
Government bonds have been again at the full
prices OF yesterday. smart demand being report ed
from buyers In rcny estment of January coupons The
market closed little lower, but strong on the basis OF
uen,x tl.ws a ~ "a wall stra., r.nox, n, ,pu