The New York herald., 1871-02-26

MONEY THREE TO FOUR PER CENT.
Money was easy and there was the usual Saturday
pressure 10 lend balances, which resulted In loans
at as low Us three per cent although the general
rate earlier In the day had been four. On govern
ments the rates were alternately three and four
per cent.
Prime commercial paper was quoted q per
cent discount
Foreign exchange was duh but steady, II not firm,
on the basis OF lo9. 1925 for prime bankers sixty
day sterling. and llo's 1ioh for sight bills
GOLD sTRoNG-lllh A lI1A.
The gold market was strong at an advance OF
one-eighth per cent on the average OF the previous
days business, the sales occurring at lllH aud
1l15s alternately until toward rhe close, when the
market lost It's strength and closed heavy at my
the quotation standing ill7S a111s. The original
advance was due TO lower quotations IN London
which gave rise TO apprenensons that the peace
gotiatons were not progressing satisfactorily, while
still another theory had 1t that the effect OF peace
would be active money in London, and
hence the decline there. All these speculations
were dissipated at the close. however when the
fDal adyces rom London reported everything up
again The specie export for the week. including
the consignment OF $780,, 900 by to-day's steamer,
was $69oo47, making total since January l Of
S6,l,2., against $a,S72 645 for the corresponding
period OF 1870. In the gold loan market tho rates
for carrying ranged from two to three per cent
The operations OF the Gold Exchange Bank were as
foilOWs:-
Gold cleared Observation-Disclosures. $40 575 600
COD balances. 1,343,S49
currency oaiances. s.......,............. l,o07,3S6
GOVERNMENTS STRONG AND HIGHER.
The pronounced ease in the money market and
the prevailing low rates call diverted capital TO
the government list, which was, in consequence
active at an advance OF u a y per cent. The de-
r,iY uhrna IN tba oviy IN
compensated for by the advance ID gold, and hence
the influence first referred was undisurbed In It's
effect upon prices. The market at the close was or
fraction from rhe best prices " the day The
final street quotations werc:--Unted States cur
reDcy skies, ii3I li31a; %. SKIES, 1881, regis
tered 1t46 max; do. do, coupon. ll4s1 I142i;
DO. fye-twenties registered, May and November
l,2 8 il2n do. do. 1852, coupon, do, 1929
lt21f, do. 40. 1864. do DO, ll2 q il2i4; DO do
1865, do. do, liz li2G DO do. registered
January sud July. 1I01S III; do. do, 1865, cou-
pom, ao., uo% ILL., Go. TO-, 1867, DO do, 11oa
Ill; 10. do. 1865, do do, MA q l1l2l; 90. ten
forties, registered, 1887 losA; do. do. coupon,
NIX l1iH.
The Assistant United States Treasurer at this city
has PAID ous sl,32oooo gold ON account of interest
on the ren-torty bonds.
STOCKS STRONG AND ADVANCED.
Tie ouliish feeling at the stock Exchange was
again predominant. and prices continued advanc-
Ing. The speculation took hold of heretofore less
prominent features aud brought them in line with
the more advanced shares. AT the last board there
was the usual disposition on the part OF cautious
SPECTATORS to realize and be out or stocks at the
close Of the week, and their sales produced tenn
porary reaction. But with the latest advces OF
buoyant market In London the decline was fully
recovered and prices III the close of street business
most Instances the very best of the day. The
extreme fluctuations were:---