The New York herald., 1872-11-30
FINANCIAL and COMMERCIAL.
An Easier Feeling in the
Money Market.
The Rate on Call RecedeS from Z Per
Cent Coin to 5 Per Cent.
FURTHER DECLINE In GOLD.
Consequences of the Reduction Of the
Bank Of England Rate.
C0nsOls Firm and United States
Bonds Buoyant in London.
ACTIVITY IN PACIFIC RAILROAD BONDS.
Clique ManGuVres and Manipulation ut
the Stock Exchange.
THE LAKE SHORE SPECULATION.
Another Rod in Pickle for
Victim Of Northwestern.
Gould and Smith, Pacific Mail
and StOckwell.
Clique ManGuVres and Manipulation at
the Stock Exchange.
THE LAKE SHORE SPECULATION
Another Rod in Pickle for a
Victim Of Northwestern.
Gould and Smith, Pacific Mail
and StOckWell.
WALL STREET,

WALL STREET,
FRIDAY, Nov. 29-6P. M.
On change to-day cotton was easy, but not
quotably lower. Flour was quiet and easy, and
cotton active and hrmer.
THE DRY GOODS IMPORTS
The total imports OF foreign dry goods at this
pert for the week ending November %, 1872, were
81, 2S0, ,0s0. The amount marketed or consumed
during the same period was $1,SSS5e7.
THE FOREIGN MARKEr.
As anticipated previous to the Thanksgiving
holiday, the Bank OF Englands minimum rate Of
discount has been lowered to 8 per cent, the
action OF the directors being all the more signih-
cant Of easy money in the London market, as they
were doubtless quite careful to make the reduction
only after suficent assurances that there would be
no immediate future necessity for restoring the
rate to the standard just abandoned. The flow OF
bullion In favor OF London is illustrated In the gain
by
THE BANK OF ENGLAND
Of Fl, $1,000, or about 100000 OF our money the
past week. The Bank OF France is also gamer
this week, the extent OF the increase of bullion In
that institution being million francs In quota
tions we have the result Of the two days since
wednesday. Cons0ls are firm at 92T for money
and 92X 93 for the account. Our OTIS have
Jumped to 94 s41S, and an advance OF q a x per
cent has also occurred in the ten -fOrtes and new
fves. In Paris rentes close this evening at a
curther Improvement to 52.07
MONEY EASIER.
The money market was easier and the highest
rate on call was per cent coin interest AS the
day wore on the offerings became more plentiful,
and by quarter to three O'Clock loans had been
made at as low as per cent. the last dealings
being at 6per cent and the market closing Q
per cent The Treasury has called In further ten
per cent OF the six millions of money on special
deposit with the Bank Of Commerce and Fourth
National Bank, and those institutions have con-
Jointly paid in about hundred thousand dollars
to the Sub-Treasury in this city. The special
deposit has been reduced to about $4,25O,cOO Mer-
camille paper was In better request, but without
modification OF rates.
FOREIGN EXCHANGE UNSETTLED.
The news from London OF the reduction OF the
Bank OF England discount rate induced weaker
feeling in sight sterling and the leading drawers
Of foreign exchange lowered their rates an eighth
per cent. With subsequent active demand for
bills, arising out OF the lower ruling OF goId the
Same drawers restored the sight rate to 1lO, and
put up the sixtyday rate to 1857, actual business
being at q concession OF h. The market can be
auoted firm at the concession. The following shows
the range Of quotations. s:-Sterllng, sixty days
merclal, 1917 10sH do, good to prime bankers
AooH Aoo7a, w., shoic sisi', iVsa d III; farls,
sixty days, 5.30H q $50; do short sight, 526t4 a
b.25; Prussian thaers, 7o1s 7lI; Antwerp 5.321s
o 5.271a; Switzerland, 5.321z 5.47A; Hamburg. IS
S5X; Amsterdam, 39h y 40; Frankfort, 4OL a
40a; Bremen, "a q 94h.
GOLD LowEE-l12a 1129s
The gold market opened weak and underwent
decline from 112x to 1121S, the dealings at the
latter quotation being quite nominal, however
The decline occastonea reaction ~ its own eject
In inducing more active inquiry and stGcr rates
for sterling and the price went back - ii2s. the
recovery being helped by the sdvano Il govern
ment bonds In this market to figures which put an
end for the present to buying for expectation TO
Europe. The Sub-Treasury paid out $4,000 on
account OF interest on the public debt and 81, 900
on account of redeemed fve-twenties OF 1862 The
course Of the market is shown In the following