The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1871-04-12
FINANCIAL and COMMERCIAL.
WALL STREET,

WALL STREET, 1
TUESDAY, April 1T +. M.
On 'Change to-day wheat was irregular In The
several grades, but generally higher, IN sympathy
with an advance in the Liverpool market, ana more
active. Cotton was steady ana quiet.
MONEY FIVE TO SEVEN PER CENT.
The best rate for money seven Der cent on
miscellaneous stock collaterals, which was modified
to six per cent the quotation for busines
In the afternoon. On governments the rates were
five and six Per cent.
Prime commercial paper was quoted = per
cent discount, with sales ut Ga a per cent.
Foreign exchange Yves quiet and unchanged
THE NEW LOAN.
The additional subscriptions to the new loan re-
ported to the Treasury Department no to noon to-
day amounted to 100000, making the total SUBJ
scriptions to date S56,43375O,
TIE TREASURY PROGRAMME
The Treasury programme for the current week
contempates the purchase OF two millions OF five.
twentes on Wednesday, and the sale OF two mil
lions of gold on Thursday.
TIE EXPORTS OF THE WEEK.
The aggregate amount Of exports exclusive or
specie| rom the port of New York for the week end
ing April IL, 1871, were So, S67, 800.
GOLD sTAGNANT-110A A 1l02s.
The Gold Room was nearly deserted to-day, ana
its usually noisy precincts were almost silent. The
speculative interest has left 1t for the temporarily
more attractive scene OF the Stock Exchange, and
transactions are limited to the filing OF q lew orders
here and there on mercantile account or for the
bullion dealers The relaxation In money was
reflected in sympathetic relaxation Of
the carrying rate, which, in few IN
Stances descended to "nat'-a condition
of the loan market exhibiting the continued pre-
sence of considerable short interest standing
from last month, when so mucn faith was placed in
the prospect of heavy gold sales In April by the
Treasury Department. The diminished exports OF
the week just ended might serve to afford pretext
for brief speculation just now, were 1t not that the
advancing wheat market In Liverpool will, doubt
less, lead to heavy exports right away, while the
London quotation for hve-twenties shows weak
ness, such as to threaten return OF even mode
rate amount of bonds.
GOVERNMENTS FIRM.
The government list naturally responded to the
steadness OF gold for the latter steady and
strong as wen as DUN and to the quotation 9214 a
927S for 62s In London, not to speak OF the 1mmed-
ate local influence OF the easier situation OF the
money market. The average price OF the 62's here
was 1926 which was only 4 Il per cent below par
in gold. The currency skies were quiet and barely
steady.
STOCKS RAMPANT AND ACTIVE.
The stock market was excited over further re-
markable advance in prices, which, in many OF the
leading shares, were the
HIGHEST or THE SEASON
The "bull" ciques discovered that, owing to the
relaxation of money. they were losing too much
stock by their fictitious sales, and hence joined
in the general scramble Tor stocks. The
successful negotiation OF the new loan
OF the ohio and Mississippi Company, which means
a third track and narrow guage connection with the
Baltimore and OHIO and other narrow guage lines,
advanced the price OF the stock to 501s. Western
Union Telegraph, the movement In which was lying
dormant pending the question Of monetary activity,
was taken In hand airesh by the Vanderbilt
party, and to 591s. Reading which is
once more under the manipulation Of It's Old
friends the Moses Taylor party-sold at 1881.
Lake Shore, under the revival of the operations OF
the Vanderbilt branch combination, advanced to
1O3 Rock Island touched 1925 Wabash, which is
under the care OF still another branch OF the Van
derbilt party, brought 61T. The recent rise in
Union Pacific ard Central Pacific securities Is
% an important and very valuable dis.
covery Of coal and iron mines at Elko, Ne |
vada, adjacent to the line OF the railroad. |
The only weak spot was Harlem, which ran down !
TO l27 on the announcement that the stockholders
at their meeting to-day had authorized the issue OF |
900 stock, making the capital $40, 0c0 900.
The vote stood--l2s, Sol shares for and TO shares
against the proposition. The Increase VIII be |
40 900 shares--Harlem beng "hafstock," or $50 |
share at par.
HIGHEST AND LOWEST PRICES.
The following table shows the highest and lowest !
prices OF the leading speculative stocks during the
day.