The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1871-04-01
FINANCIAL and COMMERCIAL.

WALL STREET,
FRIDAY, March 3l-6 p M
On Change to-day wheat was better. with more
doug. The cotton market continued heavy and
prices were u traction lower.
THE IMPORTS or DRY GOODS.
The imports OF dry goods for the week ending
March 81, 1871. amounted 10 81 595Is5.
MONEY EASY.
Money was easy at four per cent on governments
and stocks, win exceptions az five per cent on the
latter collateras. Discounts were unchanged.
FoRsIiN EXCHANGE DULL.
The foreign exch inys market was inactive at the
advance to 1904 or prime bankers sixty day ster
ling but the lighter volume OF business was IN part
attributable to The deternent o. tho sailing Of til
principal man steamer until Monday.
THE NEW LOAN.
Private kilograms on the street to-day reported
fourteen to eight millions additional subscriptions
to the new loan.
SECRETARY BOUTWELL,.
The Secretary Of the Treasury Is expected In the
city tomorrow, and will PROBABLY make short visit
to the Sub-Ireasury aud Stock Exchange.
THE LONDON MARKET.
The moro satisfactory progress made with the new
loan during the past few DAYS seems to have pro-
duced great buoyancy In our bonds In London
where the flvetwentics OF 1882 closed strong this
evening at an advance TO eeX almost the highest
quotation ever male In the foreign Market
FIvE-rwEyTIEs AND GOLD.
To-day at the nool session OF the government
board the 82's sod at 1l2I when gold was 10 u.
Deductiny the accrued interest from the 62s their
price "aar' was no In other words, dye.twenti ca
were only u per cent below par in gold. The direr-
enc was wldened to oaly Z per cent In til, suose.
quenl reaction oil governments from the advance OF
the morning.
GOLD sTRONG-1l0h A 110IE
TIE mercantile demand for gold in connection
with the current large mportauons OF foreign goods
gave more nrmnes5 to the gold market, ana the
price steadily advanced from IloM tn lloH.
GOVERNMENTS STRONG AND ACTIVE.
The government list exhibited unusual activity
and large transactions occurred at advancing quota
tions the market exhibiting the feature OF rising both
In gold and in currency prices. The bu0yBncy Of the
fore IN market naturally assisted In producing this
result. The 'long" bonds Of 1881 and the currency
skies were especially strong. The latter advanced
to 116.
STOCKS DULL STRONG AND HIGHER.
The stock market slowly-amost ilnperceptibly-
moved upward. until further rise Of hall three
quarters per cent was established In the leading
speculative railways. 1t Is said that the "great
American beari has covered his shorts ut Q
loss OF about o million Of dollars, and Is
now buying stocks IN preparation for the
ensuing grand sum ncr tbulp' campaign which Is to
follow The original aspiring rise" Ia stocks. The
Secretary OF tine Treasury being committed to the
policy OF keeping money easy and the financial
situation buoyant an1 cheerfui, the "bears' have
abandoned all idea of breaking prices uutn tho
natural striugency vi the fall shall come to their
aid. Meantime they are going In for vast 'buil'
speculation during the interval to that
time, particularly as O fresh rise will only
give them better point OF departure
when they begin to Dear" the market. To procure
the stocks necessary to this change in their tactics
they have started rumors Of locking up OF money,
and did indeed give some c0lor to the report by
bringing their bank creditor at the Clearing House
this morning for nearly q million OF dollars. 1t Is
shrew,ly however, that this represents
the exact loss OF the 0ear firm, who settled with the
"bulls' by giving their certified checks for the diff
ferences ON the stocks which they sold short. The
ceruied checks trophies into the pockets OF
tue 'bui" cliques, who have probably kept them rs
o curiosity for day or two, especially al by doing
so they assist their Ienitent adversaries To buy
stocks without running. the market up too sud-
denly The purchases from this source could not,
however, be made without advancing the market to
some extent mana ye their movements carefully as
they could In some instances the highest points OF
the season were made. Northwest common rose to
80 and preferred to OK.
HIGHEST AND LOWEST PRICES.
The following table shows the highest and lowest
prices Of the leading speculative stocks during the