The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-02-02
FINANCIAL and COMMERCIAL.

WALL STREET, I
THURSDAY, Feb. 10 p. ~.
On Change to-day wheat was firm, with less ac-
tvity. The cotton market was quiet and steady at
the recent advance.
THE PUBLIC DEBT STATEMENT.
The public debt statement issued to-day shows
reduction OF $563a, 46l Tor the month OF January.
The total debt, less cash in the Treasury Is
81 23s, 204. 949 The coin In the Treasury Is
$103,37l.730 ana the currency Sl2,s4O, 271.
The accrued coin interest amounts to
$50, 395795, and the outstanding coin certificates
20 $S6507.5o0. The accrued currency interest
amounts to s175,29a and the matured debt and in
terest not paid to $l.9ss412. The actual cash re-
sources OF the Treasury are, therefore, only
$780, 46S, 4S5 coin and So SOC currency The
fives are accounted for to the extent OF only
$3.50 100000. although Secretary Boutwell, processes
TO have fully disposed or $500, 100000.
MONEY IRREGULAR.
The money market relaxed again from the
activity OF the previous DAY and business early in
the afternoon was at per cent, the latter being
the general rate on stocks, with exceptions at 8
per cent, and the former the rate ON government
collaterals. with exceptions at per cent But IN
the closing dealings, between half-past two and
three O'Clock, the stock houses uniformly paid
per cent, coin, and borrowers on governments 7,
currency.
Prime paper was quoted 7as per cent discount.
Foreign exchange was STEADY early in the day but
closed weak on the basis OF 1881 q 100 for prime
bankers sixty day sterling and 1925 q 1895 for
sight bills.
THE GOVERNMENT PURCHASE OF BONDS.
The Assistant Treasurer lnaugurated the February
programme with the purchase OF one million Of
ive-uwenties. The bonds offered amounted to
s8,9s3, 200 at 1oe.os a TOAST in addition to which
one lot OF $4,000 offered at 1860 above the
ma Of Ual Oold LOT rho
1lo-anording Mr.. Boutwell, an opportunity Of re-
leasing currency to the market in fudlment of a
promise to that effect-he accepted only million
OF bonds at 109.0S a 1O9.2s, obtaining them at an
average OF e per cent below the par OF gold.
Meantime, 1T will be remembered, he is going to
force the holders OF $40 100000 OF fve-uwentes to
take par in gold for their bonds next March.
GOVERNMENTS HEAVY.
decline in gold, aud the large offerings OF five
twenties at the SubIreasury. well lower prices
for our b0nas in London this afternoon, consptred
TO deprive the government market OF Its recent
frmness, following the investment Of moneys with
drawn from the savings banks With all these ad-
verse influences prices remained pretty steady until
near the close, when they yielded q q
per cent at which concession the list be.
came steady again, and closed as follows:-
United States currency skies, l14S 115; do skies,
1881. registered, 1l41z a 1l47s; do do, coupon,
1l5H 1l5H; do. hye-twenties, registered, May
and November. llo1s 1lOss; do do, 1862, coupon
do, 110s 11osl; d. do, 1864 do. do, 1101s llOI:
do. do, 1866 do. do, Ill 1l116; do. do, 1857
registered Ill nix; do. d. 1865, coupon, Jan.
uary and July. 1lO4 11Oh; DO. do, 1867 do
d. liz 1121s; do. do, 1885, do. do, 1925 1926
do. fves OF 1881, funded registered 1855 109;
do do. de-, coupon lex int.l. 1881 100; do. ten
fores registered lex init, LOT 1915 do. do cou-
p0n 1905 1loss.
GOLD LOwER-1l0 A 109h.
The gold market opened firm and advanced to
ITO on the weaker tone or American national securi
ties in the English market, but suddenly weakened
on the greater influence OF continued easy money
market In London reflected in the maintenance
of Bank OF England OF discount three per
cent. the absence OF an alteration therein inducing
heavy sales ny the speculative element VINO, be-
lieving IN the raising OF the discount rate, had
bought gold quite freely earlier In the week. AS a
result OF these sales there was a decline TO 1884,
with later o reaction 10 109% on receipt Of the clos
ing quotation for british consos, which at 92A
showed weakness. The course Of the market is set