The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1871-04-20
FINANCIAL and COMMERCIAL.

WALL STREET, |
"WEDNESDAY, April 1875 y. NJ.
On Change to-day wheat was firm, with moder-
ate business Cotton was only about steady.
THE EXPORTS OF THE WEEK.
The aggregate amount of exports exclusive OF
specie from the port OF New York for the week end
ing April Is. 1871. was $s,s1o.s4s.
MONEY Six TO SEVEN PER GENT.
The money market was active at seven per cent
during the greater part of the day transactions
upon stock collaterals and q few exceptional loans
were reported to have been made at seven gold.
After two O'Clock the market became easier and at
the close or business was quoted six TO seven per
cent the TRANSACTIONS at the former figure being also
exceptional. The prevailing rate on government
bonds was six per cent with the usual exceptions at
i've per cent.
mercial paper. Prime names were discounted at
per cent.
Foreign exchange was dull, steady ana unchanged.
THE NEW LOAN.
The additional subscriptions to the new loan re-
ported at the Treasury Department to-day amounted
to 100000 making the total subscriptions to date
$60,17e,75o
THE GOVERNMENT PURCHASE OF BONDS.
The Treasury Department bought $3,oOo,0oO OF
fve-twenties to-day, In accordance with the April
programme. The offerings were only s6,391, $780,
at 1I0.4o 1000. Tho accepted lots cost l1o.40
l10.59A. Gold at the same time was 1111<.
GOVERNMENTS HIGHER AND FIRM.
The government list opened heavy, In conse-
quence OF the Congressional resolution proposing
to limit the annual reduction Of the debt
to SIS, ooo,cOo but, after the comparatively small
offerings OF bonds at the Sub-Treasury, became
strong and active with considerable rise In prices
which was maintained to the close OF street bust
ness, when the quotations were:-United States
currency slxes 1l5H 116S; 40. SKIES 1887, regis
tered, 1loX 117k; DO. do, coupon, III NIX;
do. fve-twenties registered, May and November,
ll0H 110A; do. do, 1862, coupon do, 1l3I o
ia; do. do. 1864, do. do, l13H ll3zs; do. do,
1885, do. do, 113X q 1l3X do do. registered,
January ami july 1l2S 1123<; do. do, 1895. cou-
pom, do, 1928 112a<; do. do 1851, do. do, 112X
1l2al; do do. $685. do. do, ll27S 113; do. ten
fortIes, registered. 1857 100; do do, coupon los
q l09H.
GOLD srRoNa-1llX A 11lX.
The bull movement In the Gold Room mace fur
ther progress in connection with the large export OF
specie, which reached 81, $4,000, thereby exceeding
even the amount reported last evening as engaged.
The first quotation, 11, at the beginning OF bust-
ness was made by tire announcement OF the failure Of
small firm operating on the "bear'' side for
whose account gold was bought In "under the
rule" 1t seems their transactions had been very
rashly conducted their whole capital being absorbed
by rise Of one per cent in the gold premium. After
these purchases gold fell or to 111s and settled at
about Ill until late in the afternoon, when, upon
rumors OF further heavy shipments to-mor-
row ana on Saturday, 1t advanced to 111H.
The oversold condition OF the market Is
exhibited in the scarcity Of cash gold,
which was to be had at not better than '.lat" ald
commanded, In most instances, consideration
ranging from per cent annnm to l-a2 per diem.
The last mentioned rate is equivalent to about 10
per cent per annum. The CHIEF fluctuations were