The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-03-16
Erie Leads the Van with a
Rise to "A 3-8.
ERIE PREFERRED SELLING AT II 70.
The Treasurer'S Figures Showing The FL
nancial Condition of the Company
SUSPICIOUS ADVANCE IM GOLD
governments Higher --Gloaey Active Decline
in Sterling Exchange.
MALL SIlf.

ia N'ihHs stAthWs-O'
Wall STREET
FRIDAY, March l5--6 L. nj.
On 'Cnange today wheat was heavy ana lover
Tne cotton market WAS quiet and little Irner.
TIE DRY GOODS IMPORTS.
The imports OF foreign dry goods ut The port Of
New York during Inc week ending March IA, 1872,
were s2,o53,92o. The amount marketed was
ts,oll.sso the goods sent to warehouse being only
te67. $40. against 81, o25, COG Withdrawn.
MoNEy ACTIVE.
The money market was active but, strictly speak
Ing, little easier. There were few transactions
ht as high as 1882 per cent; but the ing rate on
stocks was per cent coin ana on governments
: per cent currency Speculation IA to the char
hctcr OF the bank statement Inclined to the belief
That the reserves will show considerable increase
owing to the large daily god payments OF the
treasury for redeemed hre-twcntlcs, while the
Hreenbacks can hardly be lower.
Prime paper was quoted a II per cent discount,
4nu sales were generally at 0 u 10 per cent
4 FOREIGN EXCHANGE LOWER.
Owing to sudden increase il the supply OF bills
Hrawn against exports and against the negotiation
in Europe OF number Of new American loans
which had been interrupted by the recent
agitation OF the Alabama question, the lead
lng bankers lowered their rates q per cent
for sterling. the market closing as iollows-
Sterling, 60 days commercial 100 109H; do.
good 10 prime bankers 1895 1922; 90. short
slight, 1l0H 11O1l Paris, co days, 525 5.2U; do.
short sight, 5.164 els; Prussan thaers, 72a 72A;
Antwerp. 5.23Aa 500; Switzerland, 5.2S2t $50;
Hamburg e5zS a S6tl; Amsterdam, 400. 4OA;
franklort, 4o7s 4i]4; Bremen, 1871 79jl.
GOLD sTRoNG-ll0 11O9s.
Under the influence OF the weaker market for
foreign exchange the earlier dealings In gold were
1aCliu frOn n To II tho II
being assisted by the sales OF some OF the foreign
bankers against shipments or fiye-twenties and
Erie stock to London. The market hardened after
midday, and on purchases by another leading
Foreign house, who bought to the extent OF two mil
lions OF dollars, the price advanced to 1lO'k. only
lew small lots sold at this extreme but enough
TO make the quotation This sudden turn in the
market created good deal OF uneasiness as to the
motive OF the buying by the foreign house referred
to. anu rumor got atioat that bonds in London,
Late In the day had fallen considerably an appre
hension OF renewal Of the Alabama agitation con-
bequent upon the note Of Secretary Fish insisting
pm the reference OF indirect damages to the Geneva
Donference but the closing prices to the press do
not Indicate any decline. In this connection the
following remarks In q recent circular OF the Lon.
non Stock Exchange are quite interesting, as show
ing tue 'indrect damages" inflicted b. this agita.
hon:--
tween the two may safely be that the
interruption 10 business caused by the Alabama question
mas becn the creates. OF all the consequential damages
Whether the Alabama contributed 10 pro0ngng the
pr exercised Influence effect in that direction
than the frying Duchnan, Mr. Morse (hmsci Amer
kan undoubtedly exercised perncious
Influence international operations and on the securities of
the United states. large volume Of emigration setting
From the United Kingdom towards the republic of class,
t!enen with IL 0 TO E2D0J maang parties for cat
Ne raising IN kansas WINE growing i'll California, beet
manufacturing in Colorado grain. and agriculture
Virginia while numbelless settlements formation
Rrea o
t0n such the Northern Pacific Railroad the Burlington
and Missouri &c. These parties generally organized
during the winter proceed SPRING the difficulty
arose in time to deranGe many plans and to deprive the
United states of much capital and many valuable settlers
glance at tho companies lately launched Will satisfy all
the attraction OF the United States field for invest
ment been steadily the increase. The atelv d.
feced TO America has been enormous but the first breath
p the coming trouble stopped instantly and viii be
Found much easier to than to renew the desire tor
bh0ud interfere with important and benecial
but the statesmen of both countries in trut ignorant OF
What going 10 this among the people, and At ash
tngon they know nothing vi The harm done IN this drec
G0n
As showing the DRIFT OF capital and labor TO this
Country the above is a most fattering revelation.
We can now understand why, with our enormous
Imports. gold has not advanced. The course Of the
market during the day is shown in the table =
~ A. M........... 110is 1881 7. M.."....... l10k
I0Is A. Nj. ...... 1loI 2R. M............. 1i01s
III A. M............ I'VE OF. M............ llU]s
~ .............. liU1 i. M............. ll0l4
H.. M, J.. M,