The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1871-04-07
FINANCIAL and COMMERCIAL.

WALL STREET, |
THURSDAY. April &C r. MI
On 'change to-day wheat was firm and rather
more active. The cotton market was quiet ana I'M
changed.
OBSERVANCE OF GOOD FRIDAY.
In accordance with the usual custom, the STOCK
Exchange, Gold Exchange and Government Board
adjourned to-day until Saturday next out OF respect
to the religious holiday Of Good Friday. As the day
is not legal holiday the banks and banking houses
VIII have 10 remain open for the transaction OF bus-
ness connection with the receipt and payment OF
checks and drafts. 1t will oe observed as close
holiday by the brokers.
HONEY MORE ACTIVE
The sudden maturing OF numerous contracts to-
day at the Stock Exchange by reason OF the adjourn
ment OF the board to Saturday occasioped more
active demand for money. In the earlier hours Of
business the rates were five 10 six on governments
and six to seven per cent on Stocks but late In the
day the inquiry assumed an active character and
stock loans were made at seven per cent almost
without exception. The demand lasted for some
time beyond the close Of banking hours, but was
fully met at seven per cent.
Prime commercial paper was quiet and steady at
9 q per cent as the extreme range OF discount
rates.
Foreign exchange was unchanged and dull on the
basis of 1904 ITO for prime bankers sixty day
sterling
GOLD wEAK-11o,s A l1oE.
The gold market was heavy and lower as result
OF the government sale Of two millions, despite the
fact that bids filed at the SubTreasury called for
total OF SIS, $4,000 The prices offered ranged from
1O95l to 1lo43 ana the two millions were placed at
llo27 no. 43. subsequently the London quotation
for 1ve.twenties was reported lower, and gold
closed firm az 1l0ss.
GOVERNMENTS J. Err
The government list was he Y and lower, but
hardly weak. The decline In gol naturally assisted
a reaction from the recent adya. =, especially as
the foreign market was less firm There was no
to SELL and quotations closed steady at the
figures give n below.
THE NEW LOAN.
The additional subscriptions to the new loan. re-
ported to the Treasury Department up to one
O'Clock to-day, amount to $3.50, 0o0-making the
total subscriptions to date $50, 100000.
STOCKS QUIET AND STRONG.
rather more quiet air pervaded the Stock EX
change, and the volume OF business was smaller
than for some Gays previous. Prices opened steady,
but toward noon became heavy and fell off, owing to
pressure of cash stock by parties who had bought
buyers option OF three days. and, not anticipat-
ing the holiday of Good Friday, were compelled to
make place Tor their stock. The market quietly took
the stock thus offered and subsequently advanced
the BUYERS OF the cash stock finding themselves with
profit Of half to one per cent before the close Of
the day. In the case Of Wabash, which rose to
6Os.; Northwest common, which touched $50, and
Northwest preferred, which sold at ok, the best
prices OF the season were obtained. The whole
market keeps advancing from day to day in one
specially or another. Harlem better request,
and advanced to l29A. The feature at the close
Union Pacific, which sold at 27,s
HIGHEST AND LOWEST PRICES.