The New York herald., 1872-10-16
FINANCIAL And COMMERCIAL.
The London and the New
York Markets.
Money Easier Here---The Rate on
Call 6 a 2 Per Cent.
THE BANK OF ENGLAND RATE.
Apprehensions of It's Further
Advancement.
EXCITED SPECULATION IN STOCKS.
A Rapid Rise, a Sudden Slump and
Ragged Reaction.
sHENRY," aJAY" AND aDANIEL."
Gold Firmer and Foreign Ex-
change Easier.
The Railroad "On the Beach at
Long Branch"
A Rapid Rise, a Sudden Slump and
a Ragged Reaction.
sHENRY," SAY" AND aDANIEL."
Gold Firmer and Foreign Elk.
change Easier.
The Railroad "On the Beach at
Long Branch"
WALL STREET,

TUESDAY, Oct. 15-6 p. NJ.
On Change to-day cotton was Irregular being
Mrmer for "spot" and easier for "future." Flour
and wheat were in good demand and steady, while
corn was only in moderate request, but frmer.
THE EXPORTS OF THE WEEK.
The total exports OF domestic merchandise rom
this port for the week ending october 49, 1872
$e,l14.o5e
MONEY A 2 PER CENT.
There was a still further relaxation in the rates
for money on call, the extremes OF the day having
been ana 2 per cent. The first quotation on
stocks was Q per cent, and thence gradual de-
cline to per cent, rally to 8 per cent, and
closing dealings at per cent. The better class OF
stock brokers were readily accommodated all day
at o per cent. The surprising ease In money
gave rise to- or rather revived, rumor that the
Treasury Department had issued part of the old
LEGAL TENDER RESERVE,
created for the redemption OF special deposits and
the cancellation ofthe three per cents The only basis
for the rumor is the appearance incirculation OF
number Of crisp new greenbacks, which may have
been, and undoubtedly were issued in the process
of changing the design of the legal tender cur
rency Mercantile paper is quoted IL per cent
discount Foreign exchange was weaker but
n0minaliy unchanged, the leading drawers con-
tinuing to ask 1857 for prime sixty-day sterling
and HOY for sight bills.
THE LONDON MARKET
was the object Of great deal of solictude on ac-
count OF rumors that there would be an extra
meeting OF the directors OF the Bank OF England in
the morning to consider the propricty Of further
advance of the disco INT rate. This rumor was
c0mbated by the carly strength OF consols, but
afterward confirmed In measure by their weak
ness although other securities appeared unchanged
or better, our dve-twenties being steady and Erie
higher and strong. The street quotation for mOney
In London Is reported to have hardened to 5ss 5X
per cent-a rate which does not invite any altera-
tion OF the Bank minimum at least in the upward
direction. 1t was settling day to-day at the London
Stock Exchange for accounts in cOnsols.
GOLD FIRMER-1l2x A 112S.
Gold was nrmer on the matters and rumOrs al
ready adverted to, the apprehension Of raising of
the Bank of England rate being more operative,
however, than the story about new issue of green.
backs. The price advanced two points, to 1127S,
but fell Off again to 112s4 on the Custom House re-
port of the very natterng amount Of exports for
the week from this port, the total OF which ex-
ceeded six millions of dollars. The weaker tone Of
the foreign exchanges helped also to bring about
this little reaction. The market is merely
BROKERS' MARKET
ana ensts very little interest from the spccula-
tors outside the Board. The fates are all against
higher gold and the price is too low down to make
1t worth the trouble OF "short" operation In
this view Of the situation OF the market there is
little attention paid to It's uctuaOn except by the
mercantile interest, to whom it Is always OF lively
Importance AS for the host Of operators 1.-THE
game isn't worth the candle.n The Sub Treasury
paid out 10000 on account OF interest and $4,000
On account Of redeemed fve-twenties. The
COURSE OF THE MARKET
IL shown in the following table Of the principal