The New York herald., 1871-01-01
FINANCIAL and COMMERCIAL.
STREET,


WALL STREET, |
SATURDAY, Dec ST. p M.
On Change to-day wheat was quiet and steady.
The same may be said Of the business In cotton.
THE COTTON MOVEMENT.
The cotton receipts for the past week snow fur
ther decline The total receipts at all the ports were
N,46O bales against 1sO,2lO bales the previous
week, making the total receipts since september 1,
1870. 1e25.8o5 bales against 1,34O46s bales during
the corresponding period Of last year, an increase
In the present crop far OF 3S4 o27 bales. The
ports for the week were 76,546 bales, making the
total exports for tile expired portion OF the cotton
year $40, 545 bales. ssa . =
~~.s A HALF HOLIDAY IN WALL STREET.
In Wall street the last day Of the year was made
half holiday. The Stock Exchange adjourned after
the morning call, the Government Board at noon
and the Gold Room at halfpast one The Long
Room was kept open until three O'Clock. Even the
street dealers, who cling most tenaciously to even
the shadow OF market, had generally dispersed by
four O'Clock.
THE BANK STATEMENT.
The weekly statement Of the associated banks Ia
favorable, and shows further gain In the reserve
OF over tsoO.oOo The preparation Of the banks for
the payment or DIVIDENDS Ia shown in q contraction
OF loans the extent OF about ST. 400 0Oo while the
up operations OF the cliQues at the Stock Exchange
reflected in loss Of about 100000 in legal ten.
ders and deposits. The saving item has been the
specie which, under the disbursements OF the gov
ernment in redeeming the five per cents Of 1871 and
preparing the January interest on the public debt,
increased nearly s26OO,oO0. The statement con.
trasts with Its predecessor as follows:-
Loans sss 1ss 4 Sss II Dec 81 sgs;
specie @ ... ls,ssa.7ss aosas.s4s Inc Inc. 2ass.oao
Circulation. 80, 2,Is2,9s3 32,163,6l4 Inc. 29,46s
sgsi tsna Dec psS
MONEY EASIER
The natural gravtation Of the money market to an
easier condition under the steady reinforcement OF
the specie reserves OF the banks assisted to-day
by the desire OF lenders the engagement or
their funds during ohe three days to Tuesday, and
hence, while the increased business at the Stock
Exchange produced an active demand, the inquiry
was met at seven per cent, in gold and currency
alternately, until after two O'Clock, when the offer.
supply the demand.
Commercial paper continued inactive, and was
nominaly quoted at 81 per cent discount for
prime double names.
Foreign exchange was dun after the steamer.
Rates closed on the basis of 100 1905 for prime
bankers siXty-day sterling.
GOVERNMENTS STRONG AND ACTIVE.
The government list was strongly active, under
demand for the reinvestment OF coupons already
cashed by the Treasury and Of those which win be
pcid next week. 1t Will be remembered that some
OF the stock houses started speculation nearly
months since with view TO advance prices sufl-
ciently to cover the value of the pending January
coupons, their operations being based the expec
taton that the market would rise toward the close
or year enough permit their sale Of their bonds
ex-coupon at the price they paid for them. A CON-
parisOn OF quotations now and then win show that
their judgment of the course OF the market was a
correct one. The best prices Of the day
prevailed al the close, when the follow
ing were the street quotations:
States currency skies, 11Ok 1loh; United States
sixes 1881, registered, 1l0k HOY; do dO coupon,
lls1 ia; do. hve-twenties, registered, May and
November, los 1oSa; do. do, 1867, coupon do,
1857 lOs; do. do 1864, do. do, 1881 a 1857; do.
do, 1885, do. do 1851 1osK do. do. registered.
January and July, 1O71 los; do. do, 1865, cou-
pom do, 1los4 11o7s; do. do, 1867, do. do Ill
1l1% do do. 1883, do. do, 1113s Ill ~ do. ten
forties, registered, 1861 107; do. do. coupon
1o64 1O7.
THE SOUTHERN STATE BONDS QUIET.
The Southern list was quiet and generally steady
The following the final street quotatons:-Ten-
nessee, coupon 641 65; d0., new, GA u G5 Vir
gina, ex coupon, 81 6s; do. new, 63 u 65; do,
o SO; do sevens, 81 q 92; do sevens, old 0l a 90;
North Carolina, ex coupon, 45 q As; do, funding,
1868, 81 3s; do do, 1858, IS 49, do, new, % "a;
do special tax, 1s 10; Missouri skies, 92Z a 93;
do Hannibal and ST. Joseph, 921a 93 Louisiana
sixes 70 ~; do, new, 65 a 81; do, ievce
sixes II 72 do. do, eights, SO 90; do, Peniten
tiary sevens, 75 70; do. railroad eights so 50;
Alabama dves 7Oa71; do. eights 101 lO2; do, rail-
road eignts, 95 100; South Carolina skies, SO 81;
do. new. January and July, 68% 81; do do, April
and october, 65 81; do. registered stock, DID, 81
72 Arkansas skies, 63 65; do. sevens, 81 u 80.
GOLD sTEADY-1l0A A 1l0n.
All the sales Of gold were at 1lOs4 and 1l0s. The
market was without speculative sentiment OF any
strength either direction, the feeling In favor of
decline under the January disbursements OF the
government being checked by the apprehension Of
further complications III Europe arising out OF the
olt.mooted Eastern question. The changes on the
above prices are shown in the tablet
10 A. M............ 110T l +. M............. 10Y
1880 A. M......... l10A 1880 p. M.......... 1l04
IL A. M............ 11OM 430 r. NJ. .llOa4 1l0X
IL M. Iva
In the gold loan market the rates ranged from
three per cent currency to seven per cent gold for
carrying. The operations OF the Gold Exchange
Bank were as follows:-
GOu Cie6Teu S4o ooo,UOo
GOu DalauCcs. L,iuooo