The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1871-05-31
FINANCIAL and COMMERCIAL.

WALL STREET. |
TUESDAY, May 30-6P NJ.
On 'Change to-day wheat was firm and better. The
cotton market was steady and strong.
HALF HOLIDAY IN WALL sTREET.
The Stock Exchange and Gold Board adjourned
soon after noon, and the only transactions subse-
quent to one O'Clock were conducted in desultory
market on the sidewalk in Broad street. The ad-
Journment was as merciful as appropriate. for the
close atmosphere OF the Open ~ Board in which the
stock market is temporarily located was highly
detrimental to the comfort, If not the health, OF
those who compelled to attend there in the ex-
eculon OF their Out OF respect TO the day
the flag on the Stock Exchange lowered TO half.
mast.
MONEY TWO TO FOUR PER CENT.
the money market was easier, with three per cent
as the general rate on call loans with exceptions
at TWO and four per cent Owing to the half holiday
q great number Of loans stood over undisturbed.
Prime commercial paper was dull and quoted 4,s
o 81 per cent discount
Foreign exchange was quiet and barely steady at
previous quotations.
GOLD DULL-111x lily.
The gold market was intensely duh. The sales In
the morning were all at nix and 1l12s, but toward
three O'Clock there was considerable relaxation
and the quotation changed to Ill IA ~ and sales
occurred at l11ss. The nnal sales were at 1l1a<,
with more gold Offering at the same price. In the
loan market the rates ranged from per cent for
carrying to fiat for borrowing. The operations Of
the Gold Exchange Bank were as folows:-
GOLD cleared. $21, 42S Ooo
Colo balances.
Currency balances. 14'2,4S6
The European steamer took out $780, 900 in specie.
GOVERNMENTS STEADY.
The government list was steady and without i'm.
portant alteration The currency SKIES, as natural
in time Of such easy money, were frmer. lead
ing firm on Broad street is Offering the new i've per
cent bonds at Xix currency, which is y per cent
below the price OF Mr.. Boutwell,. The market
closed as follows:-United States currency sixes
1854 . 1l8; do do, 1881, registered, 1l7K 1171;
do. do, coupon, 117H 117A; do. 1ve-twenties,
registered, May and November, Ill y Xix; do.
do, 1862, coupon, do, 1111 l11x; do. do, 1854,
do. do 111h 1l1Z; do. do. 1885, do. do, lily
1l1s{; do. do, registered, January and July, 113z
o ia; do do, 1865, coupon, do, 113a4 ia; do.
do, 1867, do. do, 1l3T ia; do. do. 1858, do do,
1881 ia; do tenforties, registered, lo9s losH;
do. do, coupon, 1OsA 1921.
STOCKS STRONG AND HIGHER.
The dealings at the Stock Exchange were confined
chiefly to the three four stocks which have been
the features for the past few weeks. raid was
made on New York Central by the "bears," in anti
cpation OF sharp decline to follow the decision
Of Commissioner PleasontOn on the subject OF the
tax Of on the eighty per cent scrip divi-
dend declared in December, 1868. This movement
seemed to excite the ire OF the commodore"
for ne sent his agents into the market
and not only accepted all the stock which the
sbears' offered down to $685. but turned the price
upward to 100. Rock Island advanced to 12lH, but
Reading was weak and went OF to 11sK. Pacific
Mail was strong in anticipation OF the annual state
ment, and western Union recovered to bsX. Ohio
and Mississippi, after recovering TO 4sA, fell on to
49, on rumor that the pool had marketed their
stock and ceased operations In 1t. The extreme
fluctuations OF the day in the principal stocks
stated In the table,