The New York herald., 1871-01-10

MONDAY, jan I'd +. MI
On 'change today wheat was quiet and steady.
The cotton market was stronger aud prices about
&c. higher.
MONEY EASIER.
The money market begins to feel the effect OF the
return TO the banks OF tho funds recently disbursed
to the public In the shape OF interest and dividends
The bank statement OF Saturday being so highly
favorable lenders were better disposed 10 secure
prompt engagement OF their money, ana readily took
advantage of opportunities for placing large
amounts at the legal rate for periods rang
Ing from thirty to ninety days. On call
loans with pledge or stock collaterals borrowers
paid six to seven per cent the latter being the
frequent rate and on government bonds six 10
seven per cent, the former being the general figure.
Commercial paper while still slow or sale shows
better feeling, but rates remain a SS per cent dis
count for prlme double names.
FOREIGN EXCHANGE STRONG.
The leading bankers continue firm in their rates
for foreign exchange. the market being only scantly
supplied with commercial bills and bare or bond
bills. The following Wore the quotations at the
close:-Stering. sixty days commercial, 1Osta 100;
good TO prime bankers, 109h a 1921; do. short
sight, l09X 10; antwerp, $40 u 6.16A: Swiss,
b.HA 5.l3%; Hamburg, 35S a 356: Amsterdam,
4oh 4oH; Frankfort, 4o,a 4OX; Bremen, 1871
7Sal; Russian thalers, 71aa7l4.
Governments IS SIRONH.
The present easier feeling In the mcney market
and prospective further relaxation In tho rate on
call during the spring and summer months have led
to steady demand for governments bonds as q
temporary investment during an interval which
will witness very probably rates as low as two 20
three per cent tor the transient use OF capital.
These influences well the stronger tone OF the
gold market gave the government list further up
ward impulse to-day and the Improvement
was maintain ed to the close OF street dealings
when the following quotations prevailed:-United
States currency skies, 1l0I q 1l0h; Uulted
States skies, 1881, registered, ll0A o lloT;
do. do, coupon, 1loa< i10s; do. fve-twenties,
registered, May and November, 1OSh a loS&; DO.
do. 1852, coupon, do, 100 l09h; do. do, 1894
do do. 1885 losX; do do, 1885, do. do, 1857 q
l0SI; do do. registered, January and July. 1076a
lO7A; do. do, 1866, coupon. do, 107h 1913; do.
do, 1867, do. do, 1917 1885, do. do. lseS do. do,
1oSH loSh; do. ten-forties, registered 107,4 o
1O7k; do. do. coupon. 107A 107S.
GOLD FIEMER-llo% A 11oX.
The feeling IN tbs Gold Room was more buliish
than 1t has been for long time. The higher rates
for sterling Al this season ore supposed to indicate
that specie shipments will resumed at an earlier
day than usual In the spring. The cot on ana pro-
duce shipments are at present the only source OF
exchange, the transfer OF fve-twentIes 70 Europe
having gradually tapered down to trining weekly
export. Again, the next disbursement OF any I'M
portance from the Treasury will not take place
until May, leaving an interval of several
months In which there Will be no supply OF
gold beyond what may be received from California
or the Western mines The street is especially bull
ish on this latter point. But it should be remem-
bered that the January disbursement IS heavy
enough 10 last gOod part OF the time and that the
least advance In gold viii snip mlnons or dollars
OF cotton and wheat The same inhucnces should
nave been operative at the corresponding period
last year; but gold on the 9th OF March, lS7o-mld
way or this gold drought-fell to 10Y amid great
asonlshment. The course Of the market to-day Is
CHI IN no IA