The New York herald., 1872-07-13
FINANCIAL and COMMERCIAL.
The Gold Premium and the
Gold Pool.
The Newest Phase Of the Specula-
ton in the Gold Room.
4 HEAVY EXPORT OF SPECIE.
Active Movement in the Railroad Bonds
and Advance in Prices.
Where Shall Capital Find q Salts
factory Investment
Another Large Decrease in Erie
Railway Earnings.
Money Easy, Governments Up and
Southern Securities Dull.
A QUIET DAY IN STOCKS
The Comic Features of the
MOneycd Drama.
The Way "Unole Daniel" Drew
"Tumbled to It."
Money Easy, Governments Up and
Southern Securities Dull.
A QUIET DAY IN STOCKS
The Comic Features of the
MOneycd Drama.
The Way "Unole Daniel" Drew
"Tumbled to It."
WALL STREET,

FRIDAY, July 12-8P.M.
On 'Change to-day wheat was firm and nour
steady, with a fair business in BOTH The cotton
market was quiet, with firm undertone.
MONEY 8 A PER CENT
Money was easy and as before quOted-viz., a 4
per cent on call, with good deal doing at Sk
per cent on the better classes of coaterals. Prime
paper was quoted per cent discount Foreign
exchange steady on the basis Of 1O9X for prime
bankers sixty-day sterling, and 110H l10h for
sight bills
"PoUND NOTES"
Owing to the number of travellers outward
bound for Europe, who prefer Bank of England
money to the usual drafts and bills Of exchange,
which give the bearer security, but put him to
great inconvenience on account OF the necess ty Of
being identified and the like, there is at present
special demand for these notes, which are selling
readily at five dollars (gOld), when the pound may
be bought at four dollars and ninety cents (gold),
by bill Of exchange, or, at premium Of two per
cent.
GOVERNMENTS STRONG.
The upward turn in turn was followed proper
tlonately by the government list and prices
strengthened to the extent of nearly n per cent
Thus the CTS which sold early in the day at lis
were not to be had late In tho afternoon at less
than 115X. The improvement did not attend
much increase in the amount of business, the
market being quiet and closing steady as fol-
lows limited States currency sixes 114Z lis
do. do, 1881, registered, 115H 115A; do. do,
coupon, 117% a 117H; do. fve-twenties, regis
tered, May and November, 1l5 a 1l51l; do.
do, 1882, coupon, do, lis 115A; do. do, 1864,
do do, lis 115A; do do, 1865, do. do, 115% a
115X; do. do, 1867, registered, January and July,
lax q 114%; do. do, 1865, coupon, do, 113X a
14 do do, 1857, do. do, 115H 1l5A do do, 1858,
do dO I145 lis; do, tenforties, registered, 1113s
1l1s do do coupon, 112X 1t2A; do, nves, 1881,
| registered, l13% 113A; do. do. do coupon,
13H 1l32<.
| SOUTHERN SECURITIES DULL.
| The Southern State bonds were dull and to some
extent irregular. The Tennesses were firm, the
North Caronnas heavy and the general list steady.
The new South Carolinas were weak and declined
another one-half per cent, but closed with frmer
tone. The old bonds were strong and advanced to
56x The following were the closing quota
tions:- Tennessee, ex coupon, 741l IS; do, new,
TAX IS; Virginia, coupon, A 40; do, regis
tered stock, old, SO AZ; do, sixcs, consolidated
bon IDS, 81 50; do. skies, deferred scrip, 10 II
Georgia sxes y a so; do, sevens, SO sS; North
Carolina, ex coupon, 33 a 34 do to North Caro-
lima Railroad, 40 a AZ; do. funding, 1866, 20 30
do. do, 1868, % rs; do. new, 2l "a do. special
tax, Is 1e; Missouri skies, OAK 95; do Han
bal and st. Joseph, e1al 90; Louisiana skies, sc
90; do, new 4S a SO; do. levee skies, 90 65; do
do. eights, 10 a SO; do. do. eights, 1873, 80 S5
Alabama fves, 60 a 65; do eights, S4 a Ss; South
Carolina skies, So a co; do, new, January and July
2sh 90; do. do. April and October, 20 o 27; Ar
kansas skies, funded, "a a SO.
RAILROAD EARNINGS.
The earnings of the Erie Railway for the first weet
in July show decrease of $s9,4oO. The official re-
turn Is as foll0ws:-
First week in July ............ s396,o41 $35s,45l