The New York herald., 1871-10-04
NNANClAL and COMMERCIAL.
WALL STREET,
. "a - -.

WALL STREET, I
TUESDAY, Oct SOP. M
ON 'Change to-day wheat was strong, In sympathy
WITH the Liverpool market but not SO active. The
cotton market was traction better and firm.
MONEY SEVEN TO FIVE PER CENT.
Ine money market was active throughout the day
% seven per cent on stocks and at six per cent on
governments, but suddenly relaxed Few minutes
before three O'Clock, when number OF lenders VINO
had been holding back for gold interest pressed
their balances at six and Ave per cent sucn quota
uons were nominal. however, accounts having been
made mp unusually early, owing 10 the prevailing
apprehension OF strngency before the close OF bank
ing hours
II IA reported bat not onicialy announced that
the Comptroller OF the Currency has called upon the
nationa! oanks for a statement OF their condition
a. they stood at the close OF business yesterday,
october p
The secretary of the Treasury announces his In
tenton TO redeem further nstament OF 81 500, 600
OF the three per cent certificates interest to
October 81.
THE EXPORTS OF TIE WEEK.
The aggregate amount OF exports, exclusive OF
specie from the port OF New York for the week end
ing October 8, 1871, was s5,55s5o6. f,4
FOREIGN EXCHANGE ACTIVE AND HIGHER.
The foreign exchange market was active under
liberal demand for remittance by Wednesdays
mail, the lower price OF gold allowing the execu-
tion OF numbers OF orders. The leading BANKERS
advanced their rates an eighth per cent, and find.
ing the demand still active, marked up their rates
q further one-eighth per cent in the afternoon.
The following were the quotations at the close OF
business:-Sterling, sixty days, commercial, 1o7A
los; good to prime bankers 1osh 1os,4; short
sight, 100 lo9S; Paris sixty days, 5.S2a 5.2Ss1;
short sight, 5.26h 5.25; Antwerp 5.3114 5.26i4;
Switzerland 5.2s4 5.2S%; Hamburg, 35}s 354;
Amsterdam, 40l4 a03; Frankfort, do4 Az;
Bremen, rs 7s55; Prussian thalers, n& 72h.
GOLD wEAE AND LowER-1l4I ALA.
The gold market was weak as result Of sales by
brokers representing Or supposed TO represent
parties connected with the "bur' clique, which
figured so prominently In the market during
August and September, but relapsed into compare
i've obscurity the past ten days. movement OF
this character is necessarily conducted much as
possible away from pubic scrutiny OF Its plans and
purposes. Hence, when the sales OF to-day were so
easily traced 10 members OF the clique two theories
were suggested-vlz., either that the clique were
really embarrassed in their efforts at advancing
the marker. In view OF the steady outflow of
domestic exports and through lack OF general SYM
pathy by reason OF the approaching heavy dlsourse
ments OF interest, possibly week to ten days in
advance OF the 1st of November, or that they were
encouraging q short interest and discountlng
Of the OBJECT OF the November interest," The loss OF
power to control the rates for cash gold has been
the cnier obstacle to the "5ulln movement; for the
advanced price OF gold mas therefore enabled heavy
shipments or our produce TO Europe. The moves
on the checker board in the Gold Room the next
few days will be curious to watch The course OF
the market Is shown in the table,