The New York herald., 1871-12-12
FINANCIAL and COMMERCIAL.
WALL STREET,

WALL STREET,
MONDAY. Dec 11-6 p. NJ
ON ,Change to-day wheat was firm but only mode.
fately active. Tne cotton market was higher and
trong. xov,v srn,,,
The outward movement OF currency In connection
with the usual demand at the West and South and
che settlements Of the insurance companies for
tosses at Chicago has been taken advantage OF by
speculative combination Interested In lower prices
pn the Stock Exchange. who by Withdrawing
ereenbacks from the banks precIpitated
great stringenoy this afternoon IN the money mar.
ket ana occasioned much difnculty In the making
up Of bank accounts. which were In some instances
pearly An hour late, the dealings IN money having
been prolonged on the sidewalk in Broad street
hnhl nearly four O'Clock. Before two O'Clock the
Rates on coll had been per cent among the
government dealers and gold among the
btockbrokers. Meantime It was observed that
large amounts had been secured by certain
parties, who took lots OF 100000 to 100000
ht time. The retention Of this money from gen.
brs use was followed by general rush for funds as
three O'CLOCK approached, and the inquiry was
lnaly satisfied only when the borrowers were
willing to pay a per cent in addition to per
Bent for the use OF such balances as they needed.
THESE fractional rates were paid usually In
fhe form OF turning stocks, but doubtless
good deal was done In the regular way
ht extra legal figures. At least such was
the Interpretation given the whispered transactions
between parties who retired from the crowd to make
Them In prvate-the fear OF the usury law still pre-
venting an open violation Of the statute.
Prime commercial paper was quoted 9 q 10 per
Cent discount.
Foreign exchange was nrmer. but rates were un-
changed.
GOLD wEAK-110 I09H.
Tho gold market was weak, and declined from ITO
10 1Ooh. The disbursement Of Treasury gold has
been more than sunicient to counterbalance the in
nuence OF the agitation as to the sickness OF the
prince OF Wales, especially the foreign markets
have--to use the expression Of the street-"dis-
pountedn anything that may happen. Consols
fwero better to-day. They were never down much
eince the Prince fell III. Besides there s q dsposi-
tlon to believe that too much political Importance
mas been attached to his possible DEATH In view OF
Ehe fact that the Queen will still quietly reign and
pikely live long enough to see the majority OF the
Princes eldest son. At least the complications and
contingencies OF regency are matters OF remote
reconsideration. Hence the gold market was weak
{even with the more despairing tone OF the
hive bulletins from Sandrlngham, ana went on to
t09x, from which point It went on by
eecOnd movement to 109H, on the local influences
pr tho disbursement this afternoon of 81, 100 600 coin
py the SubTreasury In payment for checks received
From washington, making total Of 81, 500 900 paid
but on account OF the "called' bonds OF 1852, and
bhe anticipation OF difficulty tomorrow In ''carry.
lng gold In view OF the high sales call loans this
afternoon. The lowest recorded sale was at 1091s,
put number OF transactions occurred late In the
Nay at 1o9 TIC. The course Of the market Is shown
In tha tahle.-