The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1871-01-31
The European steamer, delayed from Saturd
took out $l62, $50 In specie.

took out $l62 $50 In specie.
MONEY EAsY-FIvE 70 SIX PER CENT.
The money market was easy ut five to SIX per
cent. the stock houses were about evenly supplied
at both rates and the government dealers ut the
lower figure, with exceptional transactions at the
higher. There were, however, no new transactions
ut four per cent and the loans at that rate made on
Saturday were called. Otherwise little doing IN
money The old business at five ana six per cent
generally stood over, and the fresh inquiry was
light. In discounts prime commercial paper was in
request at a "a per cent.
FOREIGN EXCHANGE ADVANCED.
The foreign exchange market was firmer, and the
leading bankers advanced their rates another
oneelght per cent for sterling The motive Of
this seems to be the tmminence OF a call at any
moment from Europe for the capital deposited here.
as well as the Increased volume OF imports. At the
close the quotations were:-Sterling, sixty days,
commercial 1Osts 1o9al; good to prime bankers,
1921 1o91s; do. short sight, l1o1I 1Io,.; Ant
werp. 5lSk 5.14ss; Switzerland, 5.144 511X;
Hamburg S51 a $685. Amsterdam, 40x a Az;
Frankfort, 4o5s Al; Bremen, 1875 70; Prussian
thalers, ia 71a<.
GOVERNMENTS BUoYANT.
The increased purchases OF bonds contemplated
by the government during the month OF February
accelerated the upward movement OF the govern
ment list and prices again sharply improved, the ad-
vance being assisted moreover by the higher quota
tion for gold. The only issues that were at all lack.
ing In susceptibility TO these influences were the cur
rency skies, which being out OF the Treasury pro-
gramme, and naturally less valuable In view OF
higher gold. were remarkably steady, If not strong
showing the buoyancy impaired by the rest
OF the market. The following were the final
street quotations this evening: United States cur
rency SKIES III. a NIX; DO. stxes 1881, regis
tered, ll31l l13ss; do. do, coupon 1l31 l13ss;
Al Ave- I'VE NoVamhpr
lO9,S 1o9a; do. do 1852, coupon, DO, 1903
l10s; do. do, 1864. do do, 1905. l09's; do. do,
1856, do do, 1895. q 1097s; do do. registered
January and july 1857 10ss1; do. do, 1885, cou-
pom, do. 1881 1oss.; do do. 1867 do. do, 1854
1887; do. do, 1868, do. do, 100 lO9E do ten
forties registered, losi4 lo9si; do do. coupon,
1O94 a I09ss
The report current in this market some time SINCE
| that American government securities were likely
to he taxed in London, is explained by the Times
of that city, In paragraph in Its money article, as
foows:-
With regard to the question OF the liability q
foreign securities to the new Stamp act. which
formed the subject OF a resolution by the Committee
OF the Stock Exchange at their last meeting, 1t Is
understood That the representatives OF SEINE infu-
entail firms unc0nnected with that establishment,
and who dissent from the Interpretation put upon
| the act by the committee, waited to-day upon the
Chancellor of the Exchequer and that an early an
nouncement Is hoped Tor which will place the mat
| ter In much more satisfactory light
THE STOCK MARKET STRONG.
| The stock market opened with some irregularity,
as q result OF the unfavorable bank statement OF
Saturday, but became strong after midday Its &C
tivy confined TO few leading fayoritcs. IN one
OF which--Iake Shore-a further advance to 9ii4
was established. AS this quotation is ex dividend
and higher than that from which the stock started
In December, when 1t was quoted with the dividend
on Il Will be seen that the movement then initiated
for the purpose OF absorbing the divd end, and to
which attention directed in the HERALD
at hat time, has been successfully contaminated
Rock Island and Northwest were also active and
strong on rumors OF their respective favorltism
with the great Pennsylvania corporation, whose
undisguised desire for connecting link between
Chicago and Omaha Is, doubtless, the basis OF the
rumors Affecting both these Stocks The disincllna
ton OF the officials at present controlling these lines
IA likely however, TO be an insurmouutabe obstacle
TO the consummation or such gigantic scheme OF
consolidation. At the close the feature was de-
cline in the several securities OF the Union Pacific
Company, the supposed result of heavy orders 10
sell originating in Boston. The highest and lowest
nrces Of the day were as follows.-