The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-11-09
FINANCIAL and COMMERCIAL.
Recurrence Of Depression in
the Foreign Markets. /.
MORE ACTIVE MONEY in LONDON.
Continued Anticipation of Fur
ther Advance in the Bank Of
England Discount Rate.
DECLINE IN CONSoLS AND. ERES.
An Advance in the Rates for
- Bills on Europe.
GOLD RISES TO u3.
Government Bonds Higher
and Strong.
The Stock Speculation Dearish and Prices
Lower, with Closing Rally.
aH.rNH - Nts
RAILWAY TRAFFIC SINCE JANUARY |.
The Dry Goods Imports for the
Past Week.
Government Bonds Higher
and Strong.
The Stock Speculation Dearish and Prices
Lower, with Closing Rally.
RAILWAY TRAFFIC SINCE JANUARY 1.
The Dry Goods Imports for the
Past Week.
WALL STREET,

FRIDAY, NOV. SO r. NJ
on Change to-day cotton was in moderate de-
mand and easy. Flour was quiet and steady,
while wheat and corn were dull and lower, closing
weak.
THE DRY GOODS IMPORTS.
The total imports Of foreign dry goods at this
port during the past week were $1,534318. The
amount marketed was $l,5i 1851.
ADVANCE IN FOREIGN EXCHANGE.
The leading bankers advanced their rates quar-
ter per cent for bills Europe, and fairly active
business was transacted In sixty-day sterling.
The following shows the new grade of rates =
Sterling, sixty days commercial 10S q 1OSh; do.
do, good to prime bankers. 1857 1881; do,
short sight, ITO 110X; Paris, sixty days, 5.s3A
b.2SX do. short sight, 5.25 q 5.23x; Prussian
thalers, 71H q 71T; Antwerp, $50 o 625; Switzer-
land 6.28x 6.23A; Hamburg, 3514 35st; Amster-
dam, SoX 40X; Frankfort, 4OsS q Al; Bremen, 94ss
o 95k. -, .~sta 1
% THE FOREIGN MARKET.
The cable brought lower quotations all around
nom the London market, the chief decline being in
Fries, which went of one per cent. Our bonds and
English consols closed X lower as compared with
the previous night. Private dispatches report the
London money market more active, with the feel
Ing ON Change uneasy, and general depression in
American securities in the German markets. It
was feared that the Bank Of England rate would be
Gil likely, IL postponed until Monday, as tomorrow
u the Prince Of Wales birthday and q legal
holiday. IS, -, - : -
GOVERNMENTS STRONG. -.
The government list was strong, in sympathy
with the upward turn in gold, and from inherent
reasons connected with the Presidential election
There are many sceptical persons who, because
the market has not risen at once like balloon
with the great success Of the popular political
party, deride the prophecies Of higher market in
the future, quoting the tnreadbare theory that such
m influence has been discounted. These persons
should not forget that the enhancement of the ma
tonal credit is all the more certain for the delibe
rate manner In which it progresses. The people,
by large majority, have signiGed their approba
ton Of the debt-reducing interestsaving policy Of
their rulers at Washington, and have given them
FOUR YEARS MORE
tenure OF ONCE to prosecute the work OF enhancing
the national credit. Government bonds were
never better investment than when the result on
Wednesday morning confirmed the financial sta
bility OF the country for another four years. The
following were the closing quotations: limited
States currency skies, 114k 114lS; do. do, 1881,
registered, l15x 115K; do. do, coupon, 1l65s q
l16X; do. nve-twenties registered, May and
November. 1l2x 1l2H; do do, 1852, coupon, do,
i12x l12k; do. do, 1884, do do, 112A q 1l2h;
AAs<&
Clustered, January and July, 114X 1i5; do. do,
1885, coupon, do 114X 1l45s; do do, 1907, do.
do. 1lS l1sK; do do, 1868, do do, 1145s li4s
do. ten-forties, registered, 1852. 1oss; do. do,
coupon 1851 10Sk; do. aves OF 1881, registered
aoox lilo; do. do, coupon, 1928 o ITO.
GOLD sTR0NG-1l29S A 11s.
The gold market was strong on the foreign ad-
vices already referred to and the advance in
foreign exchange, both OF which helped the specu-
lation OF the Canadian clique, who are enjoying
monopoly Of the business at the board. The do
nestle operators have been SO often '.squeezed'
that they are not doing anything on the ''short''
side, and cannot be induced to speculate on the
A'bull" side. The clique agitated the question OF
shipping half million Of gold tomorrow, but, in
view Of the rate for prime sterling, concluded not
TO pocket another loss similar to the one they
heroically bore week before last, in order to
market their long gold The clique having CON-
|plete control Of the market closed the quotation
lat 1l21S 1ls. The principal quotations Of the
|day are shown In the table,