The New York herald., 1872-12-14
Rumored Intended Issue of Five Mil
lions Of Convertible Bonds.
WALL STREET


FRIDAY, Dec 13-6 p. M. I
On 'Change to-day cotton was In less demand
and &c. per h. easier, both for 'spot" and
-''future." Flour continued dull and heavy Wheat
was also dull but unchanged, while corn was quiet
but again dearer.
THE DRY GOODS IMPORTS.
The total imports OF foreign dry goods at this
port for the week ending December IL, 1872, were
$1,1s9,573. The amount marketed during the same
period was $1,275,69o
WASHINGTON WISDOM.
1t is reported that the Committee on Banking
and Currency will soon prepare bill providing for
return to specie payments. 1t is also stated that
the Committee on Commerce will bring in bill at
the same time to reduce the price of green cheese
to half its present quotation.
THE FOREIGN MARKET.
The early quotations from London showed re-
action Of one-eighth from yesterdays buoyancy in
United States bonds; but prices later In the day
improved and closed ut an advance OF one-fOurth
per cent. Money was reported easier, and the first
quotations for c0nsols which alike for money
and the account indicated the fact; but the clos
Ing quotations this evening show a difference
again. Eres were lower to the extent OF onc-forrth
per cent. The premium on the French loan fell or
to 1H per cent, and rentes at Paris receded l2
,centimcs, both OF which movements might be at
for the past week, were the amount not too small
viz, 50O,O0Or, $1oO, ,OoO-to nave so much OF an
effect. 49,
MONEY ACTIVE.
Money was active, but the market, on the WHOLE
was steadier particularly when allowance is made
for the lOckngup OF the stock cli4ues and the
draught Of over o million dollars OF currency,
which went from the banks into the Sub
Treasury. to pay for the gold sold yesterday
Z per cent coin. with an occasional transaction
at per cent currency. But the activity increased
with the progress of the afternoon, and some Of
the borrowers stock collaterals paid as high as
116 for accommodation over night, the closing
dealings ON the sidewalk being at 1-32-equivalent
tie IL per cent currency Commercial paper was
quoted as before, viz, 10 IL per cent discount
for prime names. The inquiry for remittances by
Saturdays mail to Europe IN the closing Of mer-
camille accounts for the expiring year led to an
active market In foreign bills, which were only
steady under the large demand. 'L0ng" sterling
bills, or those not payable for sixty days, were
u higher, on the reports Of still easier money
In London.
GOLD sTEADY-1121I A 1127S.
The gold market was steady on the basis OF
l12k-the average OF the days business The
market opened weak and went OF to 1925, but
with the demand from the importers to buy bills
ON Europe the price recovered to 1925. The
''outsiders" entertained an impression all day that
foreign exchange was frmer because OF the
rise Of 4 in sixtyday sterling whereas the market
was really weak. Sight bills would very probably
have declined had there not been so much buying
of them, both on mercantile account and in prepa-
ration for the European coupons OF the fve-twen-
ties, which may be expected TO arrive continu-
ously during the ensuing fortnight
The Sub-Treasury paid out $4,000 on account
of interest and 50 900 on account OF redeemed five.
twenties. The course OF the market is shown in