The New York herald., 1871-03-15
FINANCIAL and COMMERCIAL.

TUESDAY, March 14-6 p M
On Change to day wheat was nrm and quiet. The
cotton market also was arr, with fair activity.
THE EXPORT MOVEMENT
IN. ..orregate amount OF exports exclusive OF
specie) from the ps~t of New York for the week
ending March 7, 1871, was So 2o4,aas
MONEY FOUR TO FIVE PER CENT.
Ihe money market was about steady at four TO
nve per cent with considerable doing at the latter
figure In some portions Of the street toward the
close OF banking hours. The lowest rate accepted
was four per cent even on government colaterals.
Prime commercial paper continues quoted ut a
: per cent discount. There is more disposition to
refuse dealings at less than per cent, owing to
the generally received idea that money between the
18th OF March and 18th OF April viii be active enough
to command at least that figure call oans In con-
sequence OF the drain Of currency to the rural
in connection with the business known as "Apri set
tements.n The lst OF April in the country at large
among the farmers and rural industrial classes is
period corresponding TO the 1sr OF May In New
York city, when engagements OF bor payments
for material and rentals OF farms, &C., are made
each year, thus occasioning an active movement
OF currency from hand to hand and requiring the
country banks 80 draw upon their deposits In this
city for funds to meet the demand As may be In.
ferred, the activity is oil within week or two
after April l. and the money flows back to New York
always the rule In this city IN the summer months.
To-day the larger opera In stocks were reported
to be making extensive arrangements for money at
liberal and ab0ve-the market rates OF interest In
order to bridge over the time to April 16, and 80
place themselves beyond the reach Of the contn-
gcncies Of stringent money
Foreign exchange was frmer and quoted 1O9sl q
109S for prime bankers sixty day sterling and 109ls
l09H for sight bills.
TIE NEW LOAN.
washington advices report additional subscrlp-
tons to the new loan to the extent or s1,OoOo0o.
THE TREASURY PROGRAMME FOR THE WEEK.
The government will buy two millions OF 6ve-
twenties tomorrow wednesday, and sell one mil.
lion Of gold on Thursday.
GOVERNMENTS LOWER.
The government list was heavy and lower in the
ve-twenties, steady in the ten-forties actively weak
in the currency skies and strong and higher in the
skies OF Sl. The market in general duh and for
the present lacks speculative interest The closing
street prices follows: States currency
skies, ll3S 113; dO SKIES, 1881, registered 1863
al15T; do. do, coupon, 1l6sS l157s do. fve-twen-
ties registered May and November, 1l2 l12h: do
do, 1882 coupon, do 1l214 1924 do. do 1884, do.
do, 1l1X ll2h do do, 1885, do. do, 1l2 112iI;
do. do. registered, January and July, 11Oz III;
do. do, 1885, coupon, do, 11OA Ill; do do, 1907,
w. uVS AlVts Lii w. w., Aooo w. uO., LIS v
111<; do ten-fortes registered, 1OSx q 1887; do.
do, coupon, 1881 q lO9
GOLD sTRoNG-111% A 111H A 111%.
The gold market was strong and steady at 111as,
which was the unvarled quotation during almost
the entire formal session OF the board. But toward
the close the market was "plumped" with several
heavy lots-amounting in the aggregate TO
s.. 900, oOO-the sale OF which carried the price
temporarily to 1l1H The gold thus disposed Of
was reported 10 be 'l0ng" gold, held since the an-
nouncement OF the surrender OF Paris when the re-
puted buyer Of 1t anticipated the beginning Of q
specie movement from America to Europe, which
would lift the price from Its then figure
11s a 1l4-up to 120 a l26. 1t has been often said
that the war In Europe was great disappointment
and foied the SPECTATORS at every turn Its cessa-
ton did not bring the activity In the foreign mar
Kets that looked for and gold slowly yielded TO
an average Of about nix. The operator In this In
stance lost patience at last and gave the Gold Room
his long kept hoard. The reaction, after 30 large
and sudden sale, is due to the firmer tone of the
foreign exchanges and to reports that the steamers
tomorrow will take not than million specie.
The course OF the market is shown In the table,