The New York herald., 1872-11-12

we UcecE, during wAicA ume the dealings ana
renewals had been at per cent. BY this hour
IL became evident that the government intended
doing nothing for the day In the way Of advancing
money for the purchase Of bonds, and as it soon
after became time for the usual making up OF ac-
counts which, from the shifting OF loans incidental
to the
FLUCTUATIONS IN THE MARKET
prices Of the leading speculative stocks, were uni
versally unsettled, there was sudden and general
running for money and an eventual advance
In the rate on cali to as high as
per cent, In addition to per cent
for the use OF balances over night. This
rate was maintained up to three O'Clock, but
dealings were protracted ON the sidewalk until as
late halfpast three O'clock the last rate having
been 1-lS per cent This closing activity gave rise
to . rumor that the government would interfere 10
help the money market, as this was
THE SIGNAL
Assistant Secretary Richardson had been await
ing all day during his so0urn at the Sub easury
in which institution he had been the guest OF Gen.
eral Hillhouse-and had received the visits and
suggestions Of the numerous merchants and
bankers who had called to urge Treasury measures
In prevention OF q panic. The rumor went on to
say that the government would sell gold and buy
bonds at the same time, permitting payment for
the former to be made with certificates Of de-
posit, as was done few weeks ago. 1t was also
said that Mr.. Boutwell, had telegraphed TO this city
withdrawing orders for the
CONTRACTION OF THE GRRRNBAcKs,
issued last month and reported in the debt state.
ment, the retirement OF which explains the loss Of
greenbacks In last Saturdays bank statement. AS
might be expected nothing was doing in CONNER.
cial paper, which was quoted as before-viz, Q u
per cent discount. There is little or no apprehen-
sion excited as to III effects among our merchants
from the Boston fire, the losses by which, outside
the insurance companies, are mostly local.
Foreign exchange was dun and no nrmer, the
Bank Of England rate not having been raised, as
was feared, while the Boston fire has probably
brought the English insurance companies our
debtors to the extent Of about twenty millions Of
dollars.
THE FOREIGN MARKET
seems to have Its grievances as well as our own,
for consols have fallen Oh, despite the non-advance
ment OF the bank rate in London. Our nve-twenties
declined one per cent and Eries several per cent.
The trouble abroad is the apprehension Of an i'm
mense drain Of gold to the German capital in settle
ment Immediately Of the French indemnity and
remotely for rec0nage into the new coin Of the Ger
man Empire. Meantime the gold which we were
to ship to help England In her difficulty will now
remain with US because OF the losses Of English
insurance companies at Boston.
GOVERNMENT BONDS LOWER AND STEADY.
The government bond market was little lower
for the gold bonds and considerably SO for the
currency issues, but was steady and remarkably
quiet at the decline, which seems to have been in.
spired by fear that the insurance companies will
have to sell bonds in liquidation of their losses.
The following were the closing quotations :-United
States currency skies, 1ls l1ah; do. DO, 1881,
registered, 114A 114A; do. do, coupon, 116
118h; do. nve-twenties, registered, May and No.
vember, 111A a 112H; do. do, 1862 coupon, do,
111a4 112t<; do. do, 1864, do do, 111Z 8 1124;
do. do, 1866, do. do, liz 112k; do. do, 1857,
registered, January and July, 1l4>s 115; do. do,
1866, coupon, do, 114k Hay; do. do 1857, Go.
do, 1144 115; do. do, 1868, do do 114S 114zs;
do. ten-forties, registered, 1o7A 107k; do. do,
coupon, 1o7h 1Os; do. fves Of 1881, registered,
losal 1os,4; do. do, coupon, 1854 q 1ooN.
SOUTHERN SECURITIES IRREGULAR.
The Southern State bonds were firm for the
Tennessees steady for the general list and weak and
lower for the South CarOlinas. The following were
the closing quotations Tennessee, ex coupon,
74a AK; 40, new, TAX 74K; Virginia. cx coupon,
A so; do, registered STOCK old, 3s a 40 do.
sixes consolidated bonds, "a S.; do. do, deferred
scrip, 15 16; Georgia skies, 10 80; do. sevens,
81 90; North Carolina, ex coupon, "a 35; do. to
North Carolina Railroad, 40 As; do. funding, 1865,
20 80; do do, 1868, 25 %: do. new, 20 %; do.
special tax, IA Is; Missouri skies, e216 SO; do.
Hannibal and st. Joseph 81 q 92; Louisiana skies,
SO SO; do. new, 40 55; do levee skies, so a 90;
do. do. eghts, 70 Is; DO. do eights, 1875 20 75
Alabama fves IS 81; do. eights, SO q So; South
Carolina skies, so IS; do, new, January and July,
% 25; do do, April and october, 25 81; Arkan-
sas skies, funded, As a so.
GOLD LOwER-1141 1139S.
The gold market opened at 1141l, but gradually
fell Off to 1lsss and closed at ll3H. The decline
was due to the easier tone of the foreign exchanges
In view Of the heavy losses sustained at Boston by
English insurance companies, the heavier rates for
carrying gold and the rumors that the government
would sell large amount Of gold tomorrow, The
sub.Treasury paid out $4,000 on account Of in.
terest and $4,000 on account Of redeemed ave.
twentes The course Of the market Is shown in
the tablet
10 A.M............114H A. l p. .113A
10:0l A. NJ. .113T +. .113A
1880 A. M.........1l4k +. NJ. .1l32
IL A. A.M............1l4h $3.50 p M............ .113I
l2M .1l3I $40 =. P.M...........113K
12:41 P. .M.........118X 4P. M.......113ss 1131a
In the gold loan market the rates ranged from
per cent per annum to 1-le per diem for carrying.
Th f;ona of rho Gold Eycha 0o pont xvoro oo