The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1871-05-06
FINANCIAL and COMNDRCllL,
WALL STREET,

WALL STREET |
FRIDAY, May So Pm.
On 'Change to-day wheat was firm and 11sc. o &c.
| a bushel higher. The Improvement is due to the
continued interruption OF canal communication and
to favorable advices from Liverpool. The cotton
market was also firm and fraction better.
THE IMPORTS OF DRY GOODS.
The imports OF foreign dry goods at this port for
The week ending May were s2,40l,53
THE NEW LOAN-THE TREASURY BALANCES.
The first instalmcnt Of the new FIVE per cent
bonds will be ready for delivery from the Treasury
Department about the 15tn inst. The additional
subscriptions to the new loan reported at the Treas
ury Department to-day amount to 500, o0o-making
the total subscriptions to date 500, 1888, TOO.
The following were the Treasury balances at the
close OF business this afternoon currency,
s9475,ooO; coin, s1o2, 100000. or the latter sum
s2l.so0ooo is represented by outstanding coin cert-
fcates.
STOCK EXCHANGE GOSSIP.
The alterations OF the Stock Exchange already
alluded TO in this column will be commenced at ON
early day. the governors having adopted tho re-
quisite resolutions authorizing them. The "boys"
facetiously intimate that the expansion OF the Long
Room SO as to take In the lofty apartments OF the
board room upstairs is for the purpose Of giving the
'bulis" chance TO develop their grand inaation OF
prices the coming summer.
The Opposition" ticket to be submitted at the
annual election Tor officers OF the Stock Exchange
next Monday has been agreed upon ana Is now In
the field The independents, after casting about
among numerous prominent gentlemen, decided
upon and ratified the following selection:-
For President, George w. Mclean; Chairman, NJ.
A. Wheelock; Vice Chairman. Charles A. Minton;
Secretary, Il. q. White; Treasurer, ID. G. Hays Gov.
eernlng Committee, to serve four years. A. D. VIII
liams, Z. q. Suyda, Charles Graham G. l.. Haight,
John Ten Brook, John Campbell, samuel Barton,
julius tiallgarten, Alexander Taylor, A. A. Drake;
TO I'LL vacancy, TO serve two years. Henry CleWs.
The rival candidates for the Presidency are both
heavy guns. The Irregular" nominee ts Mr.. william
u. Clerke, scion of the distinguished judicial
family, while the opposition candidate. MI George
W. Mclean, Is famous in social aud political as well
as financial circles.
MONEY THREE TO FIVE PER CENT.
The supply of money was abundant for the tempo
rary uses OF the street. and lenders found difficulty
in getting better than Ave per cent for loans call,
with pledge OF the usual collateras. AS q general
thing the STOCK houses borrowed quite easily at five
per cent and the government dealers at four per
cent. Indeed, some large balances were lett with
the latter at as low as three per cent.
The note brokers reported greater currency for
prime paper at u G,a per cent, and some transac-
tons were quoted at s.. per cent, the paper being
what is technically known as "eilt-edged."
Foreign exchange was only steady on the basis OF
10 11O1s for prime bankers sixty day sterling and
11o}s 11OsS for sight.
GOLD DULL AND FIRM-1111 A 1l1X.
The gold market was firm, but very dull, the quo
taton standing 111s 11lt4 all day. Buyers who
were in a hurry had to pay Ill u. and sellers who
were likewise situated had to accept 1113. The
shipment tomorrow, judging from the engagements
to-day, will hardly exceed half a million. The
thu,