The New York herald., 1872-06-01
FINANCIAL and COMMERCIAL.
A Sudden Reaction in the Stock
Market.
TEE TREATY NOT DEAD AFTER ALL.
Chances Of It's Successful Reani-
nation.
OUR BONDS BETTER ON THE OTHER SIDE.
The Vanderbilt Skirmishers
Moving.
CONSERVATION and Backing Down
Of the "Bears."
The Gold Clique Reticent and Awaiting
Developments.
Harlem and the Underground
Railroad.
SubStan tiat tiOn of the City
Credit.
The Gold Clique Reticent and Awaiting
Developments.
Harlem and the Underground
Railroad.
Sub@tantiation of the City
Credit.
Money Easy---GoVernments Steady...South
CarOlinas Rising.
WALL STREET,

I
FRIDAY, May 3l-6P.M.
On Ohange to-day wheat was fairly steady The
hour market was heavy and dull. Cotton was
quiet and steady.
THE SUMMER SEASON AND THE STOCK EXCHANGE
During the ensuing four months the Stock Ex-
change will close daily at four o'clock P. NJ, and
on each Saturday Of the same period at three
O'Clock. Tomorrow June y the adjournment will
be virtually much earlier owing to the attractions
OF the races at Jerome Park which are always
generously patronized by the Wall street
community.
MONEY EASY.
The money market was easy and offered little in
the way of novelty. The government dealers had
the usual balances left with them at per cent
and dealt with each other on the basis OF per
cent. Loans on stock were made at per cent as
general thing and at per cent In some instances.
On the other hand some specialties In the share
list were scarcer than the equivalent money, and
were carried" or borrowed at nat to per cent.
Prime paper was, II anything easier and quotable
at hardly more than per cent discount.
Foreign exchange was steady for sixtyday bills,
but some weakness was noticed in sight sterling,
which one prime house was drawing at 110X against
HOY, the rate elsewhere.
TIE GOVERNMENT GOLD SALE,
postponed from yesterday, owing to the holiday in
connection with Decoration Day, came Off to-day at
noon. The bids filed were eighteen in number, and
called for total Of 900 at 1880 114l5 The
two millions was sold at 1884 114.15.
The Sub-Treasury paid out $4,000 in redemption
OF the called 62s and 800 900 account ofnterest
GOLD ia A 1141s.
Gold was quiet and steady at ia q 1141s, with the
sales chiefly at ia and ia 1-16. Whatever new
opinions entertained with regard to the result
OF the negotiations in connection with the Supple
ntal toOc u1r too narf tn iuIu
any decided operation for the rise or fall and the
market remained dull on the basis indicated. The
closing quotation was ia 1-18 a 114S, the hrmer
tone thus signifed being the effect Of
an announcement that the engagements
of specie for shipment tomorrow amount
to &2O5O, ,OO0 OF which $1,000 is silver (bars). In
the gold loan market the rates ranged from four
per cent for carrying to fiat for borrowing. The
government gold sale had little influence, appar-
entity for the reason, doubtless, that the gold clique
were not conspicuous among the buyers, however
interested they may have been through the indirect
agency Of ''orders." The operations Of the Gold
Exchange Bank were as follows:-
G0id cleared SO, ,450, 900
Currency balances. NEUTRALITY-SUSPICIOUS.. 1,159,3S2
GOVERNMENTS STEADY.
The government list was steady with mode
rately firm undertOne. The cable prices for our
bonds abroad showed decided improvement
yesterday, the treaty question dlsregarded. Thus
the London '67's came oaH in the morning, 93H at
noon and 9sx again at the close. The following
were the closing quotations limited States cur
rency sixes III 11114; do do, 1881, registered,
117,S NIX; do do, coupon, 119sS 119I; do. five
twenties registered, May and November, 1131 a
114 do. do, 1852, coupon, do, 113'i ia; do do.
1884, do do, 113z 114 do do, 1865 do. do 1I4ai
lis; do do, 1867, registered, January and July,
1leh 11eH; do. do, 1865, coupon do, 1161S 11eh
do. do, 1867, do do, 117h 1174 do. do, 1885, do.
do, III 117X; do tenforties, registered, Ill
111X do do, coupon 112 11o1S do nves Of 1881,
registered 112s1 1la; do, do. coupon, 1121 113.
THE RAILWAY BONDS.
The Central Paci1cs were fraction higher and
Unions steady. The following were the bids at the