The New York herald., 1871-05-23
FINlNSiiL AND COMMERCIAL.
WALL STREET,
MONDAY, May 22--6 r. N.


On 'Chan &c to-day wheat was active but irregular.
Tho effect Of large receipts was In some measure
counterbalanced BY better demand from Liverpool.
The grades without this support were lower. The
cotton market was steady.
MONEY THREE TO FOUR PER CENT.
The week opened on continued ease in the money
market, with general pressure 10 lend balances.
Same loans were standing over at five per cent
altered, and some small amounts were forced in o
hurry ana brought only two per cent. On stocks
the general rate was four per cent aud on govern
ments three TO four.
Prime commercial paper Is In request and, doubt
tcas, could be placed without much bargaining a. as
iule as five per cent discount.
FOREIGN EXCHANGE STEADY.
Foreign exchange was steady az the decline
OF Saturday. We quote:-Sterling sixty days.
commercial, loa7s len; good TO prime bankers.
lloA ll0I; short sight, l1014 O 1l01s; Ant
werp, 51S4 6.lasl: Switzerland, 5.1e,S q h13k;
Hamburg, SO a SoA Amsterdam, 4o1 o 4l}s;
Frankfort, 4o'. ~; Bremen, 1873 79i.; Pyus-
sian tnalers, ~ a ".
TIE NEW LOAN.
The additional subscriptions to the new loan, re-
ported by the Treasury Department to-day, amount
to s57,5oo, making the total subscriptions and con.
versions 10 date S4as7.55o II VIII be noticed that
tncre is discrepancy between this and Saturdays
report. Was that or is this the correct statement?
TIE TREASURY IRogsAMNE;
The government during the week viii buy on
Wednesday Two millions OF fiye-twenties, and sell
on Thursday two millions OF gold. The suggestion Is
again made that the Secretary OF the treasury
should direct the offers Of bonds to be made in goi
prices. II is also in mated that Mr.. Boutwell, Will
shortly begin TO draft the fve twenlies for cancel
latlon, but why he should do SO un,ll he can no
longer buy them at less than par GOLD in le open
market Is not readily seen.
GOVERNMENTS LOWER.
The sympathy established between me gold and
government markets was quite perccptinle in The
downward tendency Of both to-day. although The
falling of in the latter was less marked--a very
natural result when money is so easy. The changes
were not Important Otherwise the list was steady
aud closed as folows:-United States currency sxes
ll6n ll524; do. do, 1881, registered, ll7i. u
lI1]s; DO do, COUPON 1l72s il73s; do. five
tventies, registered May and November, 11lS q
lll'<; do. do, 1862, coupon, no., IlIss 11l1; do.
do 1864, do. do 1llss INK; do do. 1885, do. DO,
ILL.,. il1s4 do. do, registered, January ami July,
ll3'4 1lS7.; 40 de-, 1895, coupon, do, 113s& a
1875; do DO, 1867, do. do li3I q 1885,: 10. do.
1865 do do, ll32s ia; 90. ten.fores registered,
1o91s lo92t; do. do, coupon, lC3a4 no.
GOLD wEAK-1l2 A 1i1X.
The gold market was dun, and III the absence oi
the support Of the operators whose Interests ceased
last week, became heavy, the price eventually
going of from liz to 1ll1. The temper " the
room Ia temporarily bearish now that the market
hasturned and that the foreign exchanges have lost
tneir Grmncss. The question OF peace at Paris is
almost too new as yet 10 have ans efYcc.. Whatever
result may be produced in the future by INC restora
tion OF financial intercourse between London
and the French capital. The samo problem is now
presented for solution which was offered when Parts
originally capltulated 10 the German army. win
the rehabilitation or her numerous industries by
France be SO rapid as 10 occasion snch a drain OF
speclo out OF LoDdon render The money iDarkc.
In that centre active? Aud II so, active enough to
depress American and other securities enough 10
mark up the price OF gold In this marke,2 The