The New York herald., 1871-02-03

Gold cleared. $43, 1873. 900
Currency GUT Balances isSa $50
The European steamer took out nominal ship
ment-only 81 900 in specie.
FOREIGN EXCHANGE FIRM.
The foreign exchange market was firm at the
highest OF the recent quotations In fact according
to some calculations, the specie shipping point Is
now reached. The market, however, reflects the
presence or some curious inconsistencies. The
double eagles shipped yesterday by Of the Cana
dian bank agencies went at loss, when the expenses
Of shipping are contrasted with the rates at
which exchange was selling. On the other
hand, 1t appears that a loan negotiated
some time since in Europe by the Camden
and Amb0y Railroad Company is in process OF ship
ment here (by bills OF exchange) which will account
for the sudden large supply few days ago. to which
we called attention at the time and which was sup
posed to originate In drafts against the shipment of
arms to France, although Paris was at the time re-
ported TO have surrendered. The Canadian bank
oficias state that they were peremptorily ordered
to ship the bullion. AS to the Camden and Amboy
matter 1t Is prob BILE that the officers OF the road
waited the present opportunity Of selling their
bills, when both gold and exchange were up
Had they attempted to place their drafts week ago
they would have had to realize so dull a market
for gold to have forced q sharp decline in its
to dispose Of. Now they have found strong
enough tide to foat all they offered. The following
the rates at the close this evenings Sterling.
sixty days. commercial, 1osal lo9A; good to prime
bankers, 1925 1091s; do. short sight, l104
1103l; Antwerp, 6.171 h13z; Switzerland 5.15
5.11I; Hamburg, 354 361s; Amsterdam, 40A
a Az; Frankfort, 4oA . Az; Bremen 7ss. a 791l;
Prussian thalers, TX a 72.
MONEY EAsIER-FoUR TO SIX PER CENT
In the earlier hours OF the day some borrowers
paid six per cent on call loans. with pleAge Of mis-
cellaneous cOllaterals, but the supply toward the
close Of banking hours, and in fact during most OF
the afternoon, was SO abundant that five per cent
became the general rate. Among the government
dealers the rates were four ana five per cent Com
merclal paper was easier, and the choice grades
passed at seven per cent discount.
GOVERNMENTS LOWER.
The decline In our bonds In London seemed to
Offset the effect Of the rise in gold on this side as
far as the government list was concerned, and the
market settled down about a quarter per cent.
There was no special weakness, however, and the
market at the new stage Of prices was strong. The
following were the final street quotations:-United
States currency skies, 1l1S 111X 40. slxes 1881,
registered 113 q 113h do. do coupon, 113 I13h;
do lve-twenues, registered, May and November,
109Z 10; do. do, 1852, coupon, do, 110X
l10h; do. do, 1884, do. do, 1929 1lO1; do do,
1865, do. do, 109I 110b; do. do, registered,
January and July, 100 1o91s; do. do, 1865, cou-
pom do. 1857 100; do. do, 1867, do. do, 100
109<; do. do.. 1858. do. do, 10935 1091; do. ten
fortes, registered lex int) 1861 1867; do. do.
coupon, 109'S 1001l.
STOCKS WEAK AND LOWER.
The stock market was in the hands Of the 'bears,"
or rather parties who are for the time being inter-
ested In lower prices. These are the oliQues and
pools who recently prices up so sharply, and at
the most buoyant period unloaded upon the out
slders. They now desrious OF getting their
stocks back again, ana for this purpose the
Long Room begins to resound with stories Of
another .Hock up" of money, to be assisted by
taking specie out Of the banks-a loss Of reserve
which the latter could but poorly stand should
yesterdays shipment Of specie be continued for
little while In the future. The New York Central
party sold out some time slnce and were followed
by the Ohio ana Mississippi clique. One after
another the other pools followed the last to hold
being the combinations in Lake Shore and Wabash.
II is said that the .'calls Lake Shore to which
! reference was made yesterday, were In some In
stances settled prva tey. Now begins the combined
strategy for the recovery lat lower prices Of the
| stocks parted with. To day Harlem was Knocked
| aown from 129 1221s for its effect on New York
| Central all the Vanderbilt securities sympathizing
/ togetherl At the same time rumor had It that the
Legislature was about to interdict the use OF steam
| on the Harlem Railroad, below Westchester county.
Another report succeeded to the efrect that there
was 10 be new Of stock to the extent OF 900
shares (which would be $500, 900 at par The public
viii doubtless remember that we have duly observed
and noted the doings and plans OF the ciques. One
| week ago to-day-exactly-when the January rise"
was eliminating. the HERALD advised Its readers
| that
At this stare a selling movement began and ap.
pearances seemed to indicate that the speculative
cliques were realizing in furtherance OF their usual
strategy OF smllking the street." At least the out
siders seemed to think So and great deal OF stock
changed hands In the afternoon, with the effect Of
producing general decline and unSettllng the mar
ket in almost all directions.
On the following day-last Frday-we had occa-
| sion to say:-
There was less animation and hesitating tone,
as II the CLIQUE supporters were reaiizng or manipu
latug the market to induce new short Interest," 1t
| should be remembered that, whatever the eventual
\ nurn0aa UenAral pan OF these Gp0Cul2t1V0 conn