The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-04-13
Governments UP i'm London
and New York.
Progress Of the Speculation in
the Gold Room.
THE TGCr WORKING SLOWLY End SILENTLY
I feat iR The LegiSlature Of the Bill TO Reduce
~ the Capital OF Pacific Mail.
WALL STREET,


On 'Cnange today wheat was steady. The cotton
market was unchanged.
DRY GOODS IMPORTS.
The imports OF foreign dry goods at this port
during The week ending April IL, 1872, were
s-,7e7,S92. 1ne amount marketed was 81, sS5, 500.
MONEY EASIER.
The money market was unsettled and stringent
early IN the day, but relaxed toward the close of
banking hours, when loans were made at
a Per cent. the first dealings were
at l32, but subsequently a. high as l-l6 was
paid in addition 10 per cent. Alter two O'Clock
the government discussed nall million
dollars on account OF bonds bought on Wednes.
day, but not turned IN until to-day. and the money
seeking Immediate employment gave the interest
rate sudden downward turn. with the effect above
stated. The street became suspicious or the un-
wonted ease OF the Market and was Inclined to think
the relaxation abnormal. The banks are gain ing
slowly in their resources. was prophesied they
would begin TO do between the 10th and 18TH of
April, and the lockers-up of money wlll have to
exert themselves with in the days or their
opportunity VIII be gone for another six months
Should money continue easy tomorrow it may be
possible to resume quotations OF mercantile paper.
Foreign exchange was only moderately active for
Saturdays mail, out rates firm on the basis OF
l09h 109l4 Tor prime bankers Sky day sterling
and Ito 110s for sight bills the latter being ac-
cessibe at Lie u or The asking rate
GOLD STRONGHOLD A ll0ss.
The gold marAet was dul' and strong and was al
vanced up another point to-day, the Clique beng
content to keep the price moving at this snail pace
unti ready to make their demonstration in q
holder The first sales were al llok,
from which, during the first hour OF the forenoon
there was yielding 10 1905. Tie price was then
advanced To 1908, ana the quoallon kept at ll0h
1908 the rest of the day. Just at the close the
L u1-nr pntd
ont $4,000 on account OF redeemed 5-2o'a and
$4,000 Tor past due interest. III the gold lean
market the rates ranged from l-32 Tor carrying to
Rat Tor borro wing. The operations o. the Cola Elk.
Chanae Bank were as loilows:-
2oid cleared ACKNOWLEDGEMENTS. $2s.5dl oo0
nolu baiaheeS .......................... Ltl6tol
currency DdlaAces J9O Ola
GOVERNMENTS STRONG.
The government llst was buoyant and higher
with the advance IN god, AMI IN consequence of
favorable quotations from London, where al our
securities were up today. owing possibly q semi
Orlical announcement that The lrt.sn Cabinet had
decided 10 20 before the Geneva comm sslon as
originally agreed UPON. reserving the right,
however, 10 withhold indemnity for conse-
queatal damages should the award incude
tEem. The quotations of the 'G2's ana new fves
as given Ill our cable teegrams are the May
coupons. The cne( advance here was In the new
'd6's, when seem about 10 take The place Of the
't2s as Tue eNportahle bond. The following
were the closing prices United states cur
roncy SKIES, 1l5}s l57s, do. skies, 1851.
registered, i14at 10; do. do coupon Il5l. ID
ll5a{: 10. Ive-twentes, registered Nay and Noven-
Der 1895 1895; do. DO, 1856. coupon do., 1929
1l3: dc. DO, lSoi do. 10, l2a. 49, DO DO. 1861
do. do 1884 1889 de. ao 1867, registered, Janu.
ary and July, ll224 ll25: do. do 1865, coupon do
11l7s III; 40 do, 1867 do, 40, Il3 a HEX;
do. do, 1865 do, DO. 1884 ll3ls; do. fvcs vi
1881. 1unded registered, nos nos; 90. do do,
coupon, 100. 1903; do. ten-.or,les, registered
1854 l0S}9; DO. DO, coupon. 1854 a 10s3s
THE RAILROAD BONDS.
II was an "on'' day In the railroad bonds, which
were dull and irm The variety OF these securities
offered TO investors Is large that opportunity
l. seldom afforded to compare prices from aay
10 the next, 1t often hap pening tnat an entirely
new set 81 bonds comes Ia Tor investment inquiry
each day. THIS remark does not apply to the Pacific
mortgages winch are steady ana constant features
BON the Centrals ana Unions were better "a a y
per cent a Hudson River slnkn. fund second
VIRTUALLY irsO sold at l07, the new Lake Shore
consolidated at 80 ana OHIO and Mississippi con-
sohdated at 9i4. The following were the bids at
the close OF tue call -