The New York herald., 1871-11-30
FINANCIAL And COMMERCIAL.
WALL STREET.
WEDNESDAY, Nov, 29-6 +. NJ.

WEDNESDAY,. N0v 29-6 l.. M.
To morrow thanksgiving Day being legal holi-
day the banks and the various financial and CON-
mercial exchanges and boards Of trade will be
closed.
on Change to-day wheat was Grmer and holders
advanced their prices In view OF the probable clos.
ing OF the canals. although no Official notice to tnat
effect has been given yet. the chance remaining
that q moderation OF the cold weather may allow
resumption OF canal traffic. Cotton was heavy and
lower.
MONEY EASY.
The money market was quite freely supplied ut
six per cent although some borrowers whose stand
Ing or coaterals were not entirely acceptable had 10
nay seven per cent. But before three O'Clock busi-
ness was ike trat on Saturdays, and In the pres
sure to lend moncy for the two days inter.
vening to the next loan market large amounts were
pressed at i've per cent On governments business
had been closed UP eMly In the day az i've ana SIX
per cent.
Paper was quoted at IL per cent discount for
all the various grades onc and short dates entering
into the class designated generally as prime. "Gilt
edgedn sixty-day acceptancss were negotiable at
q s per cent.
Foreign exchange was nrmcr on the basis OF 100
a 1o9H for prime bankers SIXTY day sterling ana
1o99l 1O9S for sight bills.
THE NEW FIvEs AND THE "cAILED" 1928.
erence TO the Treasury operations IN redeeming the
nve-twentles OF 'o2, unless the general impression
that the result Will be the simple disbursement OF
eight to ten millions OF coil for the scaled" bonds,
provision Tor the remainder OF the $1oO. O.ooo, 900
having been already made in the sgbscrp-
tons TO the new lve per cents and in
the miscellaneous purchases OF the Treasury De-
partment from week TO week. In other words,
The outstanding "caledn bonds have been gradu.
ally collected by the Syndicate ana offset by sub
scrpions to the new loan, the Syndicate acing as
sort OF clearing house for the government here and
ABROAD The Assistant Treasurer in this city paid
out four millions In coin certificates to-day to
parties pl eseptlng checks received from Washington
in exchange for "calledn bonds. 1t was thought
the checks were not payable until Friday
December ], but Delng dated November 2S instruc-
lions were asked Tor from the Treasury Department.
and word was received to cash them on sight. The
new five per cents Will probably be placed on the
list OF government securities at the Stock Exchange
on Friday. At least the committee Will make re-
commentator to that effect Friday morning. To.
day some small lots were sold at no. the price closing
l01s lo9s< The accrued Interest iseI tlivavnc ~
currency to nearly onehalf per cent witch would
bring the bonds down to about 10oh, or q below
the par OF gold 1t was, doubtless this condition OF
their market price thai suggested the reports that
| number OF small subscribers would forfeit the 2
per cent deposit which they had already paid to-
| ward their subscriptions and refuse to take the
bonds. All these matters will be more fully re-
! vealed, bowever, by the close OF the week.
THE GOVERNMENT SALE OF GOLD.
| The government received bids for total OF
s4,O95 600 gold at ITO 1lo4o and sold $1,000 900
| at l10. IS l10.40.
GOID-110n 10Y.
| The gold market was lower. but became 1rm at
the Decline chiefly on account OF the heavy and
STEADY buying OF the "snorts" while a ''war with
Spain" was quite imminent, according to some OF
| the wseacres IN the BOARD. The course OF the
| market is shown IN the table,