The New York herald., 1872-07-12
FINANCIAL and COMMERCIAL.
A QUIET DAY ALL AROUND.
Money Easy at 8 a 4
Per Cent.
The Stock Market Dull, but
Higher and Strong.
AUTHORIZATION OF TWO PER CENT IN ERIE.
The Terms Of Issue Of the New COnSOli-
dated Mortgage Loan.
Cold Firm and Governments
a Shade Lower.
Conversion of New York Cen
trail Scrip.
A Little Furry Among the
Cotton Dealers.
The Terms of Issue Of the New COnsOli-
dated Mortgage Loan.
Cold Firm and Governments
a Shade Lower.
Conversion Of New York Cen
trail Scrip.
A Little Furry Among the
Cotton Dealers.
WALL STREET.

THURSDAY, July 1l--6 p. M.
On Change to-day the chief feature was reac
tion in the tone of the cotton market, with irmer
feeling generally, consequent upon advices from
the South that the
CATERPILIARS
have made their appearance in numbers enough to
threaten the growing crop, especially as the warm,
wet weather recently prevailing has had q ten
dency to assist the development Of swarms OF tho
destructive insect The short crop Of 1858 was, 1t
will be remembered, owing to the inroads Of this
creature The flour market was steady the de-
mand running rather on wheat, which was moder-
atey active and firm.
THE BANK OF ENGLAND
rate of discount remains unaltered at the minimum
at which 1t was adjusted few weeks since--viz.,
per cent. The weekly bullion report shows a de-
crease of f52l 900. 1t fortnigtly settling day
in London. 'medlO," to-day, and the alterations
of Erie in that market are attributed to the OcCa-
sion.
THE GOVERNMENT SALE or GOLD.
The bids for the government gold were twenty
two in number, calling for total OF 81, 506 900 at
prices ranging from 1885 to 1894. For time it
was thought this large amount would tempt the
Secretary Of the Treasury to sell two Millions but
the award was confined to one million, which was
disposed of at 1884 1883.
MONEY A PER CENT
The money market was easy and quiet at 3 "a
per cent on call loans with pledge Of the usual COL
lateras of the stock Exchange. The stock brokers
were supplied In great part at 81 per cent-a ma
tural compromise, and splitting Of rates indicat
ing full supply at per cent and good demand
at 3. Prime paper was quoted al per cent dis
count. Foreign exchange was shade steadier and
quoted 109T for prime sixty day sterling and llO3.
10Y for sight bills.
GOLD 1887 A ia
The gold market was dull and firm with the sales
at 11ST and ia alternately the quotation standing
1881 q ia at two O'Clock, when the board ad-
journed out OF respect to the memory Of Mr.. G. W.
Beebe, one OF the organizers Of the board and
member Of the old bullion brokerage firm OF Beebe
Brothers, whose house was landmark in the Wall
street Of bygone days. before national banks were
known and when gold was oftentimes at discount
of u per cent as compared with "good, handy
city bank notes. which you could carry about with
you, boys" The large amount OF gold bid for at
the SubTreasury had tendency to keep the
market firm. On the other hand our bonds In Lon
don were quoted steady The
SPECIE SHIPMENTS
to-day reached the amount reported last night as
engaged being ST. 193, 300, inclusive of small pro-
portion of silver The amount put up for Saturday
is said to be $,5OO,OOO, but the engagement Is sub
ject to conditions" doubtless the temper OF the
foreign exchanges meantime, and may be partially
receded rom. Tile Sub-Treasury paid out S623,Oo0
on account OF interest on the public debt and
$780, 900 in redemption Of the called 1vetwenties of
1862 In the gold loan market the rates ranged
from to per cent for carrying. The operations
OF the Gold Exchange Bank were as folows:-
Gold cleared 800 $4,000
Gold balances .......................... 2O47o52
Currency balances. es....................... 2S4035S
GOVERNMENTS "OFF."
The government bond market was very dull and
prices a trihe lower, its tone being steady, how
ever the slight yielding In quotations being the
consequence as much Of the extreme duness as Of
anything else. The following were the prices at
the close of business United States currency
sixes 1l4X us; do. do, 1881, registered, 115h
115A; do. do, do, coupon, 117h 117h; do. five
twenty, registered May and November, 1144 116;
do do, 1862 coupon, do, 114A lis; do. do, 1864
do, do, 114% rs; do. do. 1865 1151l 115X;
do. do, 1867, registered January and July, 114A
1147s; do. do, 1865, coupon, 113X la; do. do,
1857 do, lis 115S; DO. do, 1885, do, 114I 115;
do. ten-f0rty, registered, 1113S a 11l%; do. do,
coupon, 1l2h 1925; do. nves Of 1881, registered
11a>l 113A; do. do, coupon, 113K ll3x.
THE SOUTHERN LIST QUIET.
The Southern State bonds were generally quiet
and steady the only change Of note occurring IN the
new South Carolinas, which were about half per
cent lower. The following were the closing quota
tiOHs'-icuHeosoc, CA CoupOu, f4t2 u 10; uO, new,
741s 75 Virginia, ex coupon, "A a so; do, regis
tered stock, old, 3s as; do, SKIES, consolidated
bonds 81 52h; do, skies, deferred scrip 16 II;
Georgia skies, 70 7S; do, sevens, SO q 80; North
Carolina, ex coupon, SO a "a: do. to North Caro-
lima Railroad, Al 43; do. funding 1896, 20 a 80;
do. do, 1868, "a 25; do. new 81 Is; do. special
tax, Is q 10; Missouri skies, o41l q e5; do. Han
bal AMI st. Joseph, OIL a 90; Louisiana skies, SO
So; do, new, 46 a 55; do. levee skies, 80 65 do.
do. eights, IS 80; DO. do. eights 1875, 80 a s5;
Alabama lves, 90 a 65; do. eights, S4 SO; South
Carolina skies, So SO; do, new, January and July,
20 2e1a; do. do; April and October, 20 q 27; Ar
kansas skies, funded, 81 a IS.
THE RAILROAD BONDS.
Tho following were the bids for the railroad
bonds:-
New York Cen 6s, 49,. e5% Han a stJo con.......o3