The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1871-08-25
FINANCIAL and COMMERCIAL.
WALL STRkET.
THURSDAY, August A-6 p. M. (

THURSDAY. August N-6P. MI
On 'Change to-day wheat was firm, In sympathy
with q better market OF Liverpool Dispatches from
Chicago announce the failure OF large frm operat-
ing In grain on the short side OF the account The
cotton market retained Its irmness and was frac-
ton higher.
duler tone is perceptiblc in financial circles,
particularly in the gold market, which, since the
Treasury sale on Tuesday, has returned TO Its pre-
vlous quiet state The new loan also has ceased to
excite interest, and has passed over like o nine
days wonder.
MONEY TWO TO FOUR PER CENT.
The money market was more active, with 2K o
per cent the rate on call with pledge Of govern
ment bonds, and 81 per cent the rate on stock
collaterals. Some Of the government dealers had
loans at per cent undtsturbed and an extreme the
other way was furnished BY few transactions at
per cent on stocks.
Prime paper is quoted at 81 a TX per cent dis
count.
Foreign exchange was dull and steady, on the
basis Of 100 lo9K for prime bankers sixty-day
sterling and 1924 1C9x for sight bills.
THE NEW LOAN.
The American Syndicate report that the subscrip-
tons in this city and Philadelphia to-day were for
over $lO 100000 Of the new bonds, chiefly by ma
tonal banks converting their nve-twenties. The
Treasury Department report additional subscrip-
lions to the extent OF $7,0000O0, which would leave
less than $12 000 600 Of the $780, 100000 i've Der
cents yet uncaled for but likely to be placed before
the close OF the week. The European Syndicate are
preparing the allotments for foreign subscribers.
The new bonds are quoted at premium Of u q sic
per cent in London and are selling at par In gold
on the street in New York.
GOVERNMENTS STEADY.
The governments list exhibited better feeling and
prices improved u a u per cent The market closed
steady at the following Quotations:-Untted States
currency skies, 116X Hoy; do. 1881, registered,
118X 118k; do no., coupon, 1lSX ITO; DO. i've
twenues. registered, May and November, ia l14,;
do. do 1852 coupon. do, lax ll49; do. do, 1884
do. do, 114H max; do. do, 1885, do do, lax
114h; do. do, registered, January and July, 11Sx
a 1l3x; do. do, 1896, coupon, do, 11sH l13X;
do do, 1857 do. do, 1lSHa 1875 do do, 1858, do
d., 114h max; do. ten.rorties. registered. 1l0k
q HOY; do. do. coupon, HAY 114H.
The government department Of the Stock Ex-
change having received Its alterations 1t will be reOc
cupied by the Board tomorrow morning.
The main apartment Of the stock Exchange Is yet
in the hands of the workmen, chiefly decorators and
carpenters, the mason work having been completed,
but 1t win be ready Is thought in time for the
entry Of the Board about the 9Th OF September.
GOLD DULL AND LowER-l12X 112H.
The gold market was dull and In the main weak.
Owing to general impression that the pool would
renew their operations to-day the price advanced
early IN the forenoon from 1925. to 112X. The
passage Of Clearing House time leaving the market
without any evidence condrmatory Of these
views o selling disposition took the price
down to liz 7-16. The loan market was o copy Of
that 0f the previous day Ia its gradual change from
the favor or holders to that OF borrowers. After
three O'Clock the rate Tor tomorrow became nat and
closed nat q 1-e4 for borrowing. The fluctuations
in the price OF gold during the day are shown in