The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1871-07-04
FINANCIAL and COMMERCIAL.
WALL STREET. I
MONDAY. July 80 p. M. {
THE SEMI-HOLIpAY

L
MONDAY. July Sd +. NJ
| THE SEMI-HOLIpAY
! was more strictly observed than such days usually
are where the adjournment of the Stock Ex-
| change and Gold Room usually operates only as
transfer OF business to the Sidewalk the great In
convenience Of the public The banks and banking
| houses Of course were open, as the day was not
legal holiday. well OF the brokers' oflces
| but only few people came down, and the street
market was at no time large one 1t opened
| in the morning In front Of the entrance
| to the open board room, and gradually
worked Its way down until early IN the afternoon 1t
was last seen very much reduced IN proportions In
front OF the entrance to Delmonico's, Here ii was
lost sight or Dealings very limited in extent
even for such day, except in respect to govern
| ments and gold and to stocks confined to only the
| leading shares.
GOVERNMENTS WERE
strong and quite active, with a considerable rein.
vestment demand, and some fair purchases are re-
| ported on foreign account. The result was sharp
advance in the entire list represented at the close,
as compared with last nights closing prices, fol-
lows-1so2's, Il; lse4s, 1868 new and 1875 q
! each; 1878. 1868, 1855 and tenfortles i
| each. An advance OF 4 In gold from the
highest figure Of the sales Saturday to the high
est figure OF sales to-day or Il, comparing the bid
price at the close each day also aided this move
ment. Many OF the bankers were kept actively en-
poyed during the day cashing coupons CT govern.
| ments and railroad bonds. the market left Off
at four O'Clock as folows:-United States currency
skies, 115 q 1l51; do do, 1881, coupon, 115H
q 115]s; do. nve-twenties. 1859 coupon May and
November. 1l41S a 114T; do. do, 1862, do. do,
114a 114sS; do. do, 1854, 1141s o 1l4i4; do do.
1885, do. do. 1141Ia 1l4A; do. do. 1906 do, Janu
Dry and July 1929 ll2ys; do. do, 1867 do. do,
ll2T lib; DO. do. 1885, do. do l13 a 1l31I; do.
ten-forties, registered 1l12s NIX; do do, cou
| pom, 1l1H 111A.
| SOUTHERN SECURITIES
were mostly neglected, but strong The State
Agent of South Carolina has paid $l460OO In
| gold coupons Of South Carolina and
| $4,000 of the Old bonds OF the State
which mature July l. The following are the latest
| prices:-Tennessee, ex coupon, 70 a 72H; do new,
70 TAX; Virginia, ex coupon, 65 ds; do now, 70
1914; do. registered stock. old, SAX 55 Georgia
skies, ex interest," SO So; do. sevens, d. so 81;
North Carolina coupon, Al a AN; do. funding,
1896, IS 81; do. do, 1858, 80 32k do. new, ~
27h; do. special tax. 2o1s 81; Missouri skies, ex
interest," o. 94t4; do. Hannibal ana ST. Joseph, do,
| 93 a 93H; Louisiana skies, do, 81 10; do.
new "a 60; do levee skies. II IA do Fights, S4
| SO; do. Penitentiary sevens 10 ~; do railroad
eights, rs 80; Alabama fves 81 20; do Fights, 1o2
q 104; do railroad Fights, 95 100; South Carolina
sixes 10 a 70; do. new. January ana July, 5Sa SO;
IS SO; 40. sevens 90 "a; Mobile and Ohio Railroad
sterling 81 SO; do interest elghts so;
mortgage eghts, 81 q 70; Mississippi Central Rail.
road first mortgage sevens. 50 So; do do. second
| mortgage eights n 80; New Orleans and Jackson
Railroad first. ex interest. SO 81; do. do second
IS IS; Memphis and Charleston Railroad
first mortgage, IS 81; do do. second eX interest,"
rs 49, Greenville Columbia Railroad
guaranteed by South Carolina sc 81 Macon and
nrv,uc hvf rD
Wilmington, Charlotte and Rutherford Fights. 81
| IS; Memphis and Little Rock Railroad elghts, 10
70; Memphis city skies, 57>a 50; Savannah CITY
sevens, ex interest," IS q 81 New Orleans consOls,
Old, 70 49, do. issue railroad skies, IS IS; do.
| sevens, 6S a II.
| GOLD 1131s 113H.
The gold market took a sudden Jump upward this
morning, the publication Of Secretary Boutwell's
programme for july which provides for the sale OF
only this month as against $1,000 900 last
| month, and advanced upon few purchases to l131s
1888, with sales at the split. After the squirt
the market became quiet aud settled down steady
| 113K l13Ss. The strong tone Of the market was,
OF course, the subject Of much discussion, and the
old bete otre Of the BEARS 'the balance OF trude,"
was vigorously trotsed out by their opponents. In
this connection there is one thing which 1t would
| seem IS not sufficiently understood by many who
| are frightened the balance OF trade against
! us. IHey pOluL 10 Tue Cu>tOUfs cntTlcS Ill
the apparent belief that these entries represent our
| Indebtedness abroad. 1t should be borne IN mad
that not all OF the goods that arrive here are pur-
chased by us. very large propOrtlon-it may not
| be too much to say one third-are sent here on
commission, and of these another large proportion
| are, after being In warehouse time, sold at q
| considerable reduction from the figures at which
| they were originally invoiced ana entered at the
| Custom House. The price at which they sold here
and the difference between that price, il lower and
the Custom House entry must be deducted from the
Oficial returns of the amount OF foreign imports.
This through the various causes which have pro-
duced more economical disposition among
people OF late must be largely in favor although
1t would be difficult to compute. The future Of the
gold market is the subject of much anxiety on the
street, and the fecng respecting 1t Is about equally
divided. 1t does not seem reasonable to expect
much further advance In view OF the large amount
of coin that will be put the street the payment
of interest gold Understanding securities inde
pendent Of governments. This amount does not
usually get into circulation until some time after
the first of the month. Gold loaned at two per cent
for carrying.
STOCKS STEADY
The stock market was scarcely more than name,
and transactions were few and unimporlant. Sales
are reported Of Reading at III, Rock Island 1oo7s,
Northwest common 1875, ana Union Pacific at 81
The following prices were made:-
New York Cen. Hud. consolidated. 81 97I4
headinR :......'..'''..'.' ''''''...'idot IL
Lake SnOre -..lU3rs IOv
NOrthwe stern ACKNOWLEDGEMENTS. 1874 "a
Rock Island. .........................lO y& 10
ONO anu mississippi. ............. 47N As
.
Western Union Telegraph. ......... 5SH 5s1s
BoUrwEIL's JULY PROGRAMME.
mistake occurred IN The Associated Press de-
spatch yesterday announcing the policy of the
Treasury Department for the month or July, the
gold sales being set down for Tuesday. The mis-.
take. however, was an apparent one ana is cor
rected in the following official announcement from