The New York herald., 1871-01-21
FINANCIAL and COMMERCIAL.
WALL STREET.
FRIDAY, Jan. 2o--8 P. ]

FRIDAY, JAN 20--8 p. NJ
On Change to-day wheat was irregular for the
several grades, but generally firm. The cotton
market was quiet and steady until near tue close,
when 1t became firm.
The chief features Of interest in Wall street were
the relaxation and ease in the money market and
the sharp advance In prices at the Stock Exchange.
An Inspection Of the figures at the Clearing House
this morning shows no abandonment on the part of
the clique OF the effort to make money stringent.
The funds recently withdrawn are still kept out
OF circulation; but tho immense influx OF
money from the country has entirely counteracted
the scheme. The highest rate on call loans this
morning was seven per cent, and this rate was
purely exceptional. Afterward money was in plen-
tul supply at six per cent ana before the close OF
banking hours many borrowers obtained accommo-
dations at as low as five per cent Among the gov
ernment dealers the highest rate was six, and large
amounts were loaned at five per cent. Commercial
paper rsnected the relaxation above noted, and
prime double names passed readily at Ia per cent,
and number of sales were made at 7 per cent.
Foreign exchange was nrmer and some OF the
leading bankers advanced thsiy rates to 109sS for
sxty-day sterling and 1lO4 for sight. At the close
good TO prime bills were quoted 109h 1895 for
long and 11O 11O4 for sight.
The government list was strong ana prices Inn
proved under the easier feeling In money, despite
the report that one heavy holder had been selling
his bonds In order to enter upon an extensive specu
lation In the active stocks The stronger tone of the
gold market and the firm market In Len
don, whence the '62s came 90A, assisted
the Improvement, which in some OF the
issues was equal to u per cent-a large advance in
one day for the usually steady government market
The ten-rorties shared In tho general buoyancy.
and exhibited some speculative movement In anti.
cipaton Of the maturity OF their pending coupons.
At the close OF street business the best prices
maintained as follows limited States currency
Gxes 1lOH 1l0h; DO. sixes 1884, registered, 1l07s
q Ill., do. do, coupon, 1l07s Ill; do. FIVE
twenties registered, May and November, 10s% a
10S1; do. do, 1852 coupon, do 1097s 109i6;
do do, 1854, do do, 10S 10STs; do do, 1865 do.
do, 10sa q 1854; do. do. registered, January and
July, 1O7A a los; do. do, 1866, coupon do, 1878
o 107A; do. do, 1867, do do, 1881 10S14 do. do.
1858, do. do, 1857 10SH; do. ten-iorties, regis
tered los los,1; do. do. coupon. los a los5s.
There was quiet but 1rm market in the Gold
Room, where the price was kept most Of the time at
ll01, with an occasional relapse to 1104-these two
figures being the only quotations that were made
during the course OF the days business. The relax
alton in the money market encoura IA holders, who
are looking for higher prices; but the market IS al
most devoid of speculative attraction, and the out
side operators are temporarily interested in the
wider fluctuations at the Stock Exchange. At cur
rent prices fair demand arises from the mercantile
community in connection with the large daily pay
ments for duties at the Custom House; but the le-
Qitlmatc transactions in gold are always o smaM
traction Of those speculative account Tine specie
engagement for uo-morrow's steamers Is reported TO
be about $780, The course or the market Is shown