The New York herald., 1872-11-16
A Further Rise in Eiye-Twenties
and a Recovery in COnsOIs.
The Latest Phase Of the Anglo-Germanic
Monetary Movement.
GOLD STRONG AND HIGHER.
Clique Manipulation Again and Threatened
Squeeze Active and Steady at
l-32-Foreign Exchange Heavy-The
Weeks Imports Of Dry Goods.
WALL STREET,


FRIDAY, Nov. 15-6P.
On Change to-day cotton was quiet and un
changed for "spot," but moderately active and
I.16c. &c. per h. lower for ''uture.n Flour was
steady. Wheat was decidedly dearer and corn
better.
THE DRY GOODS IMPORTS.
The total imports OF foreign dry goods at this
port during the past week were $l,2ls,os The
amount marketed was $1l7s,sO7.
: THE FOREIGN MARKETS
were In much better mood to-day, according to
the Interpretation OF the quotations received by
cable. While there is still considerable apprehen-
sion In England Of what may result from the enor-
nous demand for specie in the coming operations
the German government, there Is evidently
hope that the present rate Of discount at the Bank
Of England will draw enough capital to London to
Offset
THE NEEDS OF THE GERMAN TREASURY.
IL is quite evident, aso that the money which Is
going to Germany is seeking investment in United
States government bonds, the nearest market for
which is London (after Frankfort), and hence the
explanation OF the sudden appreciation Of these
securities the past few days-our sixty-sevens
rising u to 93k and the new flves u to ssal to-day,
as compared with the best Of yesterday. The ex-
change thus made In favor OF London as against
Germany has acted at length upon consols, which
show tardy but final improvement this evening
of 3-16 per cent. 1t Is curious to think that the
marketabeness Of our five-twenties in Germany
should relieve the London market and enhance
British cons0ls but the fact seems to be as stated
The Bank Of France shows bullion gain for the
week OF one million francs or one and half times
the loss of the Bank OF England.
FOREIGN EXCHANGE DULL.
The foreign exchange market was heavy and
dull, and actual business was at q concession OF
day sterling sold at 1887 late in the day after 1t
was rum0red there would be sqeeze in cash gold
tomorrow. The following shows the closing quo
tations: STERLING, sixty days, commercial 1O7A q
1881; do, good to prime bankers, 1881 1OsH ;
do, short sight, ITO 11o35 Paris sixty days. 537
5.81k; do, short sight, 626k q 6.25; Prussian
thalers, 70X 71x; Antwerp, 6.33A o 5.271z;
Switzerland, 632h 626S; Hamburg, So s5h;
Amsterdam, 89X 40; Frankfort, 4O1@ q 40I !;
Bremen, "a OAK.
HONEY ACTIVE
/ The demand for money was active and the rate
on coll more uniform. The extremes were per
cent on the one side and lie the other the for
mer having been less frequent than the latter, and
the bulk of the days business having been at an
average Of 1-32. At the close the quotation stood
per cent, gold, 1-32 There is movement Of cur
rency to the South and West and to Boston, but
the shipments are not OF important amount The
chief cause OF dsquiet Is the export of specie to
Great Britain. Mercantile paper is only nominal
IN quotations, which remain as BEFORE but hardly
anything is doing under II q IL per cent.
GOLD sTRONG-11314 113Z.
The gold market was strong in face of the weak
ness Of foreign exchange and the favorable advices
from London, and advanced fl ON 113i4 to 1l3a<
The ostcnsble reason for the rise was the expected
further shipment Of specie by Saturdays steamers
all the way from $500 to $eoo 600 being reported
as already engaged. this afternoon, but this was
hardly sufficient to cause so much Of an advance
when we remember the feeble efect Of the previous
shipments Of the week. 1t had its influence, how
ever in helping what will doubtless prove to be the
real reason-viz., heavy purchasers by the clique
operators with view to another
. SQUEEZE IN GOLD
at an early day, beginning perhaps tomorrow.
design OF this kind seemed to be feared late this
afternoon, when borrowers OF gold were bidding
sixty fourth for Its use tomorrow, as II they had
intelligence that the squeeze would be attempted
within the next twenty-fOur hours. The course Of
the market ia shown in the table -