The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1871-08-19
FINANCIAL and COMMERCIAL.

WALL SrREET. 7
FRIDAY August lS-6 Il. M.
On Change today wheat sympath,zed with
higher market In Liverpool and was lrm at an ad-
vance OF &C. a SC. The cotton market was strong
and &c. a nc. better.
THE DRY GOODS IMPORTS.
The imports OF foreign dry goods at this port for
the week ending August II, were So. 6S6,l54.
MONEY EASY.
Money continued easy with per cent as the rate
on call with the pledge OF government bonds, and
3 per cent on stocks. The banks and private bank
ers are shipping small amounts of greenbacks to
the West and South. A more active money
market Is reported In Philadelphia and loans com.
mand per cent. Prime paper. while less easy
OF sale for the longer dates Is steady at quotations
last given.
THE NEW LOAN
A variety OF reports have been received indicat-
ing q very nattering progress with the new loan.
The subscriptions in this city, Philadelphia and
London, announced to-day, were over 81 100000.
The American Syndicate have now paid into the
government the twenty-five millions subscribed by
the American and European Syndcates. The new
| 1ves are quoted at sharp advance on the street
In sympathy with the rise gold and their price Is
now 1i21s 1924.
DECLINE IN FOREIGN EXCHANGE
The high rates demanded to-day for the use OF
cash gold caused considerable fall IN the rates for
foreign exchange, and prime sterling bills were re-
ported to have been done on the street at 1OS4.
The nominal rate was lowered TO 1O9 The market
was unsettled and weak at the close, when the fol.
lowing quotations were understanding sixty days.
commercial, 1881 a 1885; good to prime bankers
1852. 100; short sight, 1924 1925; Paris, sixty
days. 522lE $40; short sight, 5.1SA 5.l7ls; Ant.
werp, 5.23 $40; Switzerland. 5.221s $50; Ham
| burg, 35s4 sc; Amsterdam 4OIs q Al; Frankfort,
| 4Os4 Az Bremen, rs 7SI; Prussian thalers, 7lA
| 72A.
GOVERNMENTS STRONG AND ACTIVE.
| The better prospects Of the new loan started con.
| siderable activity In the government bond market
and quite an active business was transacted at
rising prices. The long skies OF 1881 advanced u
per cent to I1eH and the currency skies to 1867.
The general list was favOrably affected by the ad-
vance IN gold and the market closed with q Duoyant
tone at the following prices which show the days
| improvements as they were the best made:-Unted
| States currency SKIES, 1865 1861; do, 1881,
| registered, 1914 1l9E do. no., coupon, 119h a
1191; do. fve-twentes, registered, May and Novem-
Der, 114% ll4k; do. do. 1862 coupon do, 1l4s4
49, do do, 1884, do. do, 114l< 1l41a; do. do.
1855, do. do, ll45s a 114ss; do. do. registered,
January and July, 1884 1l32l; do. do, 1865, cou-
pom. do. 1l3h 1885; do ldo 1867, do. do, 1l32l
13zs; do. do, 1868, do. do, 114H 1l4s; do. ten
lortlcS, Ieglstercu, Iva llo1a uO. oO' COUPON,
| l14n 1147S.
| GOLD sTRONG-112I 113H.
The "bus' In The Gold Room gave the market a
decided "squeeze" and compelled the ''bears TO
pay 1-16 4 per cent for the Of gold until to-
morrow. The ''shOrts," who were induced to cover
| under an apprehension of continuance OF these
rates. occasloned rise In the price Of gold from
1l22l TO 1885, Subsequently the decline in foreign
exchange there was temporary reaction to 112a4,
which was assisted, II was reported, by the "buls''
themselves with view to discouraging their
smaller satellites. The market aiterward advanced
to l13 upon the prevalence Of inquiry for gold TO
he used tomorrow, and in transactions occurring
the rates were go 1882. One heavy firm unable
to make their deliveries except with certified gold
| check, which being refused they were compelled to
pay One-quarter OF per for the privilege Of
| extending the time Of delivery until tomorrow.
| The "squeezen was intensified by rumor that one
| of the Canadian banks had Withdrawn its gold Tor
! use III Montreal, where money is sad to be in
| better demand. The present advance in gold Is OF
| no service to the exporting merchants for the
reason that foreign exchange is as much lower as
gold is higher and hence bills Of lading are worth
SO much less. The specie engagements for tO-mOr-
reported up TO this hour are trinng. viz about
100000. The course OF the market Is shown In the