The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1871-01-26
FINANCIAL And COMMERCIAL.
WALL STnrrr.

On 'Cbange to-day wheat was nrmer, bur less
| active. The cotton market was steady aud quiet.
GOLD srEADY-Ii0&
| The gold market was conspicuous to-day for its
| utter stagnaton. ON arriving at mis- desk IN the
forenoon the Register set tho dial as the opening
price-viz., tiO1-fron, witch there was no
change Whatever dnrlng the entire session Of
the Board. so quiet a day has had only one
parallel since gold mas become marketable
arCicle--vz., on the 9th OF July. 1858. when all
the sales during tho Board at l4o&. Indeed it
Is rumored that the conscientious Mcrsereau, tron
Dled the light duties at present pertainlng to
his office OF Register, wall petition the Gold Ex-
change next Saturday afternoon for an abatement
OF his salary, as set.oH against the small abors
exacted OF him to-day. The quotation most OF the
time stood formally 11o% l1Osi, the rules OF the
Board forbdding any fractional subdivision below
one-eIghth or one per cent; but number or
sales were made at the intermediate sixicenth--
a 'split," SUB rosa. Indeed, few odd lots
were sold at 1i0I. but as the unit
OF business in gold is $4,000. such Transactions
were not admitted to quotation. Two hundred
thousand dollars would doubtless cover the entire
days deangs-an amount which looks diminutivc
In contrast with the hundreds OF millions which
used to be the figure In the days OF the war. The
cearances or Black Friday, IN still later epoch,
would, II adjusted, have reached SIX hundred mil
lions Our usual table resolves itself. therefore,
into one line, or rather two lines, IA follows
10 nos $3.50 P. NJ. .lloh lio1
In the gold loan market the rates ranged rrom 4
to per cent FOR carrying The operations OF the
Gold Exchange Bank were as foiows--
Gold cleared. Sl4.27! 900
Golu DalhceS. .................. $3.50. s2osS!
Currency balances ............:... -, 9l8, 1874
The steamer Tor Liverpool took out $8s5O0 In
specie.
MONEY FIVE 10 SEVEN PER CENT
In the earlier hours OF business the rate for money
was generally six per cent. with thu usual excep-
tons at five per cent on government c0llateras.
After two O'CLOCK active demand at six per cent
| set in and prevailed up to three O'clock before
which hour many borrowers were compelled to pay
seven per cent In commercial paper continued
ease was noted, and prime double names passed
freely at I ~ per cent discount. In fact strictly
prime short paper was done readily at per cent.
Foreign exchange was steady and without change
IN quotations.
GOVERNMENTS STRONG AND HIGHER.
The government list was strong. and prices under
went further advance, particularly In the currency
skies and ten-forties. The little furry In money at
the close of the day seemed to have no effect upon
the market, as the slightest prices were at the close
Of street business, when the following quotations
prevaled:-United states currency skies, l10H
110st; no. sxes 1881, registered, 1lI1s NIX; do.
do, coupon, nv NIX; do. hvetwenttes, regis
tered, May and November, 100 l09k; do. do,
1862 coupon, do, l0ah a lO9k; do. do, 1884,
do. do loo l09H; do. do, 1885, do do. 100 l09h;
do. do. registered, January and July, 107X 1854;
do do, 1855, coupon do, 1o75sa 1887 do do, 1857,
do do, 1O8h q 1885; do. do. 1868, do. do, 1861
lOsys 10. ter-iortles, registered, 1855. l0s2; DO.
do, coupon. 1883 a 1881.
THE STOCK MARKET IRREGULAR.
The sock market was strong In the forenoon and
prices again SHARPLY advanced the best figures or
the current upward movement being made toward
midday, when Ohio and Mississippi which was
treated to the usual rumor of lease to the Balti-
more and Ohio Company, ran up 70 36sl ut which
point large purchases made for parties in the
city OF Baltimore. In other leading shares the
active list rise OF u to = per cent was made. At
this stage selling movement began aud appearances
seemed to Indicate that the speculative cliques
realizing In furtherance OF their usual strategy OF
"mikng the street." At least the outsiders seemed
to think So and great deal or stock changed hands
| In the afternoon, with the effect VI producing q
general decline and unsettling the market In almost
all directions The lowest prices OF the day were
made in most just before the close OF dealings
LII the Long Room, tho nnai transactions on the
sidewalk showing a reaction aud q more steady
Tone The following table oil The highest and lowest
prices will show the results OF the days busness:-