The New York herald., 1871-02-08
F!NlNCIAh and COMN1R ClAL.
WALL STREET,

TUESDAY, Feb. 7--eP. NJ
On 'Change today wheat was inactive, and toward
the Close became heavy. The cotton market was
steady ana quiet.
IN Ma1i street Affairs were generally du!.
$780, TIE RAILWAY ACCIDENT
was the general theme OF conversation everywhere
in the vicinity OF tho Stock Exchange, and ellcted
more than usual comment, for the reason thai 30
dreadful occurrence has been rare OF late years
on the Hudson River road, which boasted the
best management of any iu the country The
brokers had many friends on board, and beng natu
rally very selcltons to their fate, scanned Dulle-
tins and newspaper extras more closely than Tho
stock list The material loss 10 the company by the
destruction or the two trains, the Interruption to
travel, and, prospecnvely, the litigation anticipated
In connection with the claims OF the injured ard
relatives OF the dead started the sale Of New FORK
Central and Hudson River securities early IN the
morning with the effect OF lowering the stock
to 9SH and the scrip to SSA. better
understanding OF tho nature OF the accident and
the revelation OF tho fact that 1t was one which
could hardly have been f0reseen and guarded
against, AMI the cooler mathematical calculation
that the destruction OF property would have 10 be
very great In order to impair by slight fraction
the capital OF S9o000.00o arrested the decline at
this point, and the securities recovered fully per
cent. Curousiy enough, Hariem, which had gone
of to 12S on the news early In the day. ran up to
1861 when 1t was announced that until the rebuild
Ing OF the burned bridge the through business
between New York aud Albany and points beyond
the latter station would be sent over the Harlem
line.
MONEY EASY.
The money market was easy at four to six per
cent On government bonds the general rate was
four per cent with exceptions at five. On stocks
the general rate Eve per cent, but some lenders
Obtained six per cent in rare instances aud, tho
other hand. some borrowers got their money ut four
per cent. Prime commercial paper was scarce ana
In request at seven per cent discount.
Foreign exchange was nomnaiIy unchanged, but
hardly firm. The leading bankers asked lo914 for
slxtyday sterling bills and no.. for sight, but al
lowed brokerage OF S per cent OF large purchases.
GOVERNMENTS STRONG.
The government list opened strong and buoyant,
but about noon went OF fraction on the rumor that
Secretary Boutwell, the chief supporter of the policy
OF buying in the debt rapidly posslble had
signed from the Cabinet. The story lacking con.
frmaton the former strength OF the market asserted
Its influence and prices went back to their former
figures, the market closing strong rs f0llows:--
United States currency SKIES, 1ll3S 1Ii!5; do.
sixes 1891, registered, 1l3H 1875 do. do, coupon,
1881 1I3l4; do. hvc.weuties, registered May and
November, 1lOH l1Oa; do. do. 1862, coupon. do,
Il1hl a 1l1h; do. do, 1864, do. do, l103s I1on;
do. do 1865, do do, 11ojl nos; do do, regis.
tered, January and July, 109JS 1091s; do. do,
1865, coupon, do, 1O94 lo9s; do do, 1867 do. do
1922 l0oH do. do. 1888, do. do, 1oax 1o91; do.
tenfortles, registered, 1oa'l lo7; do DO, coupon
1898 a 1929.
GOLD LowER-ll2 A 111% A n1a.
The gold market opened weak, and under pres
sure OF sales declined from l12 to 11lX The opera
io1 was SAID to have been prompted by the desire
OF the 'bu' clique to extend the ''shor interest,
which being always ttmld In q rising market for
gold had generally covered up. The price then re-
acted to 111X, and finally to Ill 1916 at which 1t
closed. The engagement Of specie for tomorrow is
about $780, oOo mostly in silver bars. The course OF
the market Is shown In the tablet