The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-10-09
RELAXATION IN MONEY AT LAST.
The Rate on Call Declines from
II to 3 Per Cent.
Stocks Active and Strong, but
"0ff" at the Close.
A New Pool and a Lively Speculation
In Pacific Mail.
ADVANCE OF THE SHARES TO Sll-2.
4 Curious Metamorphosis Of Bulls" into
"Bcars' and Bears" into Bulls"
"Thinss Are Not What
They Seem.''
lALVAN1ZING ATLANTIC MAIL.
Advance In Gold and Foreign
Exchange.
4 Curious Metamorphosis Of Bulls" into
"Bears" and Bears" into Bulls"
ssThinGs Are Not What
They Seem.''
ADVANCING ATLANTIC MAIL
Advance In Gold and Foreign
Exchange.

WALL STREET, /
e TUESDAY, Oct Sop. NJ.
On 'Change to-day cotton was easier, but offered
less freely. Flour remained about steady, and
wheat and corn, under moderate receipts and COM
paratively light offerings were also steady.
THE EXPORTS OF THE WEEK.
The aggregate exports Of domestic merchandise
rom the port Of New York to foreign ports for the
week ending October 8, 1872, were So, 226, 767.
MONEY II TO PER CENT
the money market underwent the relaxation
anticipated as q consequence Of the government
disbursements Of money. The rate on call opened
n per cent, gold, advanced to 1872 equivalent
TO about II per cent? and declined to per cent by
the close Of banking hours, the quotation at three
O'Clock being "a per cent. The sub-Treasufy has
received 30 far $780, 900 OF the 49, 900 OF bonds
bought on Monday, the remainder being expected
from out-oftown banks and investors who
sold through agents in New York. The amount Of
GOLD TAKEN OUT
ls also just So 100000 for nearly 30O0 900 of which
payment was made with certificates Of deposit on
the city national banks oficially designated as de-
p0sitories Of the United States. The market for
mercantile paper is as yet inactive but It is too
early. perhaps to look for the effects in this direc
ton OF the help given the resources OF the banks
Prime names are quoted per cent month dis.
count. Foreign exchange was strong and higher,
but unsettled. The chances Of a further advance
In the Bank Of England rate OF discount, adverted
20 In yesterdays HERALD, are strengthened by
private advices per cable. The leading drawers
put up the rates for sixtyday sterling to 1857 and
Tor sight bills to ITO, but the closing business was
ut 1861 and 1ooX.
GOLD sTRoNG-112al 1881.
The gold market was strong in response to the
advance in the rates for foreign exchange and
upon the rumors Of an intended further advance in
the Bank OF England discount rate on or before
Thursday next. Under these influences the price
rose from 1l2H to 1854. In the afternoon it was
reported that the chances of the administration
candidate in Pennsylvania had greatly altered with
the progress OF the voting up to O'Clock, and
bets began to be offered that
HARTRANFT
would be defeated to certainty gold advanced
further point, to 1881, at which 1t closed amid
pretty excited dealings. The anxiety to forecast
the result in Pennsylvania was intense all day, and
rs the friends OF Buckalew began to take courage
In the afternoon the administration cnque'' be-
came exceeding nervous and betrayed their fears
by selling stocks and buylng gold reversing what
they had been doing up to this forenoon. The Sub
Treasury paid out e61, 900 on account OF interest
and $500 on account of redeemed Hve-twenties.
The course Of the market is shown In the table -