The New York herald., 1872-12-10
Total for week s6,947,67 s6,O47, ,939 s., 943 $3.50
Prev reported $276 0l5 S35l 74o $3e6 4s0

Since Jan. s2s2 los 0s4 es5 s40o GAG
THE FOREIGN MARKET.
The cable quotations show no essential change In
che London market, which Is reported steady, dun
and firm The French "crisis" has evidently
been postponed, for rentes have suddenly ad-
vanced nearly 40 centimes. From Belgium we
have the announcement OF the suspension of the
wel-known Brussels and Antwerp house and bank
OfJacobs Freres ct Ce. Banque de rUnion, with liza
bIities amounting to
100000 FRANCS.
Later dispatches this evening state that an exten-
sion Of four weeks had been given the firm, and
that they would meantime receive generous help
from wealthy bankers in London Paris and Am
eterdam, which would probably set them anoat
again and prevent bankruptcy. good deal OF ex-
citement was occasoned in the lower part Of the
city, particularly in the vicinity of Exchange place
and Beaver street. by the news OF the suspension,
owing to numerous outstanding drafts on the house
which had been given to cover consignmens OF Pc
troleum and other goods shipped to the Continent.
THE ENGLISH AND GERMAN MONEY MARKETS.
The Journal des Debdts has an article by Baron
Renach setting forth the state Of the English and
German money markets and offering suggestion
70 obviate difficulties. He PROPOSES
The German government has hitherto received
from England about 60 300 900 in gold and requires
before the end OF 1873 further sum OF f1o OoO
20 complete the change OF currency The with
drawal OF such sum might be the cause OF tempo
rary crises, but as the French government itself
hands over some OF the drafts on England by
means OF which the German Chancellor carries on
his operations the French government should de-
pOst portion of It's drafts upon England In the
Bank OF France, Withdrawing against it some Of
the gold held by that establishment and SO pay
Germany direct The drafts on England In the
Bank OF France could be renewed quarterly until
the requirements OF Germany are met and nor
Ual condition shall have been re-established.
FINANCIAL MATTERS IN CONGRESS-.
1t will be seen by our Washington dispatches
that Mr. Merriman, OF this State, has introduced a
bill in Congress which proposes to abolish the
usury law with reference to the national banks,
and allow those institutions to get such rate Of in
terest as may be agreed upon "in writing" In
verbal or ordinary contracts the banks are to be
restrained by the usury laws OF the States where
they do business. Another proposition just made
in Congress is to allow the national banks to issue
notes to the extent OF the par value OF the govern
ment bonds deposited at Washington to secure
their circulation.
MONEY EASIER.
The money market was stringent early in the
day and borrowers paid high as lie per cent, in
addition to legal interest for call loans, with
pledge OF the usual Stock Exchange colate-
rails. Toward two O'Clock the rate fell OF
10 1872, and the supply eventually became so
abundant that loans were made at as low as per
cent q good while before the close Of banking
hours, and more money continued to be offered at
that rate without takers. Mercantile paper was
quoted 10 IL per cent for prime names. Foreign
exchange was steady ana dull on the basis OF i0sH
for prime bankers sixty-day sterling and llOs for
sight bills
The troubles OF the Mutual Bank win be found
treated OF in another column.
GOLD wEAK-ll2I ll3i4.
The gold market opened weak owing to heavy
sales OF long gold by outside and non professional
dealers who became alarmed at the prospect OF a
sudden fall In gold any moment now that the fcti-
fious nature Of the present and current quotation
has been made so apparent. II the "snortsr will
allow the market to take its natural course and
refuse to make themselves the tool OF the "bulln
clique who are now desperately supporting the
premium, gold will fall 10 1o9, and possibly to l07,
before the LIST OF May next. After the early decline
thus recorded there was reaction to lI3A on the
news Of the suspension OF Jacobs Freres, OF Brus-
sells, but the market again fell OF to 1l2I and
closed at l13. The clique
ENDEAvoRED TO SQUEEZE" GOLD,
but contrived to get at the most only \, per cent.
pending which quotation for cash gold they were
suspected OF selling their 'fong" gold in the
regular way. The subTreasury paid out sl5o,0oo
on account OF interest and $4,000 in redemption OF
called 1ve-twenties. The course OF the market
10 snown in the table,
loA; io; a.;;;;......... lls IP. P.M........... 49,