The New York herald., 1871-03-23
TINiNCiiL Ind COMMERCIAL.
WALL STREET,

WEDNESDAY, March 22-o 7. NJ.
On 'Change to-day wheat was steady. Cotton was
ormer aud moderately active.
THE NEW LoAN-THR TREASURY BALANCES
Washington advIces by telegraph state That the
total subscriptions to the lean, rs reported 10
ths Treasury Department SO far, amount TO
<l7,le6, 5oa TIE following were the Treasury bal
snces at the opening 0, business tas morning.
Currency $4,000 coin, slo9, ,292 900. OF the
latter $25,lf2 0o0 Is represented by coin certificates
GoLD wrAg-il1s llo4.
As anticipated the freer movement IL the export
OF domestic merchandise during the past week has
produced more liberal supply OF commercial bills,
aud drawers OF sterling lowered their rates. This
fact coupled with a better market In London for
cousols and 1ve.iweutics, connrming the press re-
ports by cable of more pacdc tone III the situation
OF affairs IN Paris. started gold on the down.
ward turn and the price declined from l11I
70 uo,s, but the sales at the latter figure
were barely sunicent to make the quotation.
The steamer 10 lay took out slSo0Oo SPECIE ABOUT
kalf in silver and half IN gold and those sailing TO.
morrow win take about $4,000. The lower figure
IN the latter case as compared with the expectations
carrier In the week, are DUE OF course 10 The modih-
cation OF the rates FOR sterling. The short interest
N the market is stu large and was doubtless the
barner to weaker premium to-day.
TIE GOVERNMENT PURCHASE OF BONDS
Inc 0Hef OF Tue guNeTIlleHt W guy Two lHiillbHs
of nvetwenties ELECTED proposals TO sell $1,000 500
bonds at prices ranging lex neresu from 1d9a "a to
los.7p TIE two millions accepted cost the govern
ment lo9.S4 a 1o9.45.
GOVERNMENTS LOWER.
The weakness OF the gold premium and the large
offerings at the Sub-Ireasury combined TO cepress
The government list, which fell oI y u Per cent,
despite The Improvement in London, where the '6ns
recovered TO ss'S. AT The same time there was no
pressure to sel aud the market was generally dull.
MONEY FOUR TO FIVE TER CENT
The money market was about steady at the recent
hrmer figures for call loans ana In some few IN.
stances TODAY hve per cent paid when the COL
iaterals were government bonls 20 be exact in
describing lie market il would be best TO say that
money Oh stocks was five per cent, with exceptions
four per cent, an1 on governments four per cent
with exceptions OF five per cent. Prime mercantile
paper shows essential change, for the that
no very extended .aith Is placed in any undue &C..
uvity in money even in The vicinity OF April /, and
consequently during the remainder OF the interval
70 September.
STOCKS STRONG, Ut IRREGULAR.
The stock market was IN the main strong and
higher and continued to preserve the general fel-
lures OF strength In the forenoon, heayiness at noon
and buoyancy again at the close, tile eventual result
being steady advance In prices IRON dag 10 day.
II ST. Paul common, which advanced to 5Ss1, and
then ran again q pom the Northwestern stocks with
the effect OF raising the common to S3s and The pre-
terred 10 e6. The exceptions to the general improve
ment We're afforded b Onto and Mississippi, which
declined TO 45; Erie which fell to 1874 and Union
Pacific which dropped to 23si. The prospective de-
feat OF ali chances for repeating the perpetual Dlrec
tors bin is assigned the for the break in
Erie; out one theory has 1t that new combination
intena to revive the speculative gories OF this
transcendant star OF the Stock Exchange, and that
the pool are operating to induce short interest as
well as 10 get stock out OF weak hands. Late the
afternoon, during the progress OF dealings ON the
sidewalk the special features were the Northwest
stocks, which IN the hands the old Erie party
and branch OF the Vanderbilt party. under whose
patronage tneg are promised q brilliant iutare as
speculative meteors.
HIGHEST AND LOWEST PRICES.
The following table shows the highest and lowest