The New York herald., 1871-02-22
FINANCIAL And CONNHRCIiL.
WALL STREET,

WALL STREET, |
TUESDAY. Feb. 2l-6 p. N.
On 'Change to-day wheat was steady and rAth er
more active. Flour was weak and lower. The cot
ton market improved higher quotations In iver-
Vool and closed strong al the advance.
TOMORROW HOLIDAY.
Tomorrow, February 22, the anniversary OF
Vashngton's birth, Is legal holiday by federal
and State laws, and win be strictly observed as
such. All the United States onices, the banks the
brokers' ofaces, the Stock Exchange, the Govern
ment Board and the Gold Exchange Will be closed
throughout the day. In the cases OF the Custom
House and Post once business VIII be transacted
for few hours In the morning, owing to the neces.
sty OF giving clearances to vessels and despatchng
the more important mails. The Wall street boards
have adjourned over 70 Thursday morning, aud the
banks WILL remain closed until the same time.
MONEY THREE TO FIVE PER CENT.
The money market Wis steady at four per cent as
the general rate on call loans, with the usual colla
terals. On governments, however, most OF the
larger dealers were supplied at three per cent On
the other hand, where the coilaterals submitted
were the less favorltc speculative stocks or such
are difficult to have carried, the borrowers consented
TO pay nve per cent which rates, under
the ctrcumtances were deemed quite easy.
There is also growing disposition
to make loans on time In response
to inquiries from the larger holders OF stocks who
wish to take time by the oreiock and provide against
the contingencies OF an active money market toward
the latter part Of March, when some disturbance is
anticipated In connection with the usual drain OF
money to the rural districts for what are known as
the "April settlemenisn Some transactions OF this
character were made at6a7 per cent according
TO the cOllaterals hypothecated the period Of en-
gagement also varying from sixty days to four
months. g. s-tts 4.
roprrcS rxcu ANcr FIRM.
The foreign exchange market was moderately
active the steamers OF Wednesday being favorites
with many rcmtters, and bankers maintained their
at the highest 1gures Of the season. The quo
tatons at the close OF business this afternoon were
as folows:-Sterling, sixty days, commercial 109 q
1O9s; good to prime bankers, 1091 l09s; do. short
sight, l1o14 a 1lOh; Antwerp, 5.l6k 5.131s; Swift.
zerand, SIS 5.1lzs; Hamburg Ss a 3614; Amster
dam. 4OA a Az; Frankfort 4oA 411I; Bremen,
7SH 7s1a; Prussian thalers, 7111 a 715s.
GOVERNMENTS BUoYANT.
The government purchase Of bonds, originally az.
vertised for tomorrow "wednesday, that being tho
week day chosen for these transactions, was made
to-daY instead, and elected proposals Of oniy
s3,7ls 200 WHICH fact, coupled with the direct pur
chase OF So, ,O0OoO6 out Of the amount SO offered,
started an upward turn In the government list and
rendered the market quite buoyant at the I'M
provemcat, especially as gold was firm. In fact,
something Of the recent enthusiasm might
have returned to the market had not the London
quotation gone OF to GA decline which was not
accounted for. At the cose the street
market was steady and strong as follows:-
United States currency skies, 1l3H 1874;
do SKIES, 1881, registered, 1l44 l743s; do. do,
coupon, ll4k I147s; do. 1ve-twenties, registered
May and November, ll11G 1l1al do do, 1862, cou-
pom, do, 1llT liz; do. do 1854, do. do, 111ss
111x; do. do, 1865, do. do, 11lss nix; do. do.
registered January and July, 11OH 11osl; do do,
1866, coupon. do. 1lOh 11O1; do. do, 1867, do.
do HOY 11oa; do. do. 1868. do. do l111S l11A;
do tenfortes registered, 1o71 l0S; do. do, cot.
pom, uoAa Ill.
GOLD DULL AND sTRoNG-1113S l11K.
The lower quotation FOR nve-twenties In London
and the steadiness OF foreign exchange at the cur
rent advanced rates made q strong market for gold,
but at the same time worked no speculative spirit
either way. Hence the quotation stood l113s 1l1H
pretty nearly oil day, with number OF transactions
at the intermediate sixteenth Cash gold was
In fair request, and the demand would indicate
moderately large short interest. The course Of the
market Is shown in the tablet