The New York herald., 1870-05-11

II should be stated that the votes cast for Mr.. Hen
riques were intended Is compliment TO that gentle
man. and as q recognition OF the former Open Board,
OF which he the energetic first vice president.
In this view OF the election the choice OF Mr. Whee
lock was unanimous
THE MONEY MARKET EASY.
The money market was again extremely easy and
in the earlier portion OF the day lenders we're anxious
to insure the employment OF their balances AZ four
TO five per cent. Toward the close Of banking hours,
under better demand for money to carry stocks
purchased In the further expansion Of business at
the Stock Exchange, the rate fully ve per cent,
particularly where the collateras were Of misce
laneous character. The government dealers were
abundanty supplied at four per cent. Commercial
paper was In fair request at six to seven per cent
for prime double name acceptances.
GOVERNMENTS BUOYANT AND ACTIVE.
The quotations for governments, which have been
so strong ON purchases by capitalists and banking
institutions, were SHARPLY advanced by large specu-
lattve purchases today on the report, which rs not
discrcdited, That Secretary Boutwell, VIII buy twelve
millions Of bonds the current month, or twice the
amount advertised In the original Programmed
policy to which he Is induced by the heavy currency
balance at his disposal under the prompt collection
OF the internal revenue taxes. 1t was reported later
in the day that If his currency balance warranted
him in doing so he would mako q very ex-
tensive enlargement Of his purchases In the
programme for June, selling at the same
time . larger amount OF gold, In order
to close the fiscal year with q handsome reduction
Of the national debt. These reports Influenced so
rapid an advance In governments that the e7's
threatened 10 oyertake the price OF gold. above
which the Sis and CTS have been selling for con.
siderable time. They were also felt in the stock
market, as will be seen by the report below. The
at ofr f}to
quotations:-Unlted States currency skies, 112h q
1l2ss do. skies, 1881, registered, 116X III; do.
do coupon, 118X a III; do. ffve-twenttes, regis
tered, May and November, Ill NIX; Go. do,
1852, coupon, do, 112x 112,l; do. do, 1864, do
do 11Ias 111x; DO. do, 1856, do. do, 111H a
11lss; do. do, 1865 DO, January and July, 113s q
1875 do. do, 1867, DO. do, 114x 114h; 90. do,
1868, do. DO, 1I4tS 114,4 do. ten-forties, regis
tered, 1o7 1o7&; do. do, coupon. 1851 a 1oS,s.
FoREIGN EXCHANGE FIRM.
The foreign exchange market was firm In ,he
presence of tomorrow's steamer and upon lfinited
supply OF commercial bs the lorge cotton receipts
OF the past few weeks seeming TO have been followed
by light exports. At the same time there are no
bond bulls making, as the European quotations for
fye-twenties do not allow shipments.
GOLD DULL AND STRONG.
The dealings in gold were again on limited scale
hnt showed traces OF buying the part OF some OF
the cques. The frmness of exchange is the secret
OF the firm undertono 10 the market, and the founda
ton on when the SPECTATORS for rise have been
buying. Th: sharp advance In governments to-day
precludes shipments OF our national securities, and
gold, in consequence, rose from l14& to 115 The
apprehension that secretary Boutwell, will greatly
increase his gold sales IN the interval to the close OF
the fiscal year checked the rise and the speculation
later in the day was hestating The course Of the
market is shown in the following tablet