The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-01-06
FINANCIAL and COMMERCIAL.
WALL SrREET,


WALL STREET,
FRIDAY, Jan. So p. M !
| On 'Change to day wheat was frmer. In sympathy
with the tenor Of the Liverpool market but without
increased activity. The cotton market was strong
~ further advices predicting shorter crop tnan
os.. ally estimated, and advanced 10. q 10 per
pound THE INV aoons rxpopra
The tmpofs OF foreign dry goods at this port our
Ing the week ending January 4 1872. were
and tho amount marketed $LOSo'oH'
m,o, NRw LoAN-AN IMPORTANT OFFER.
wesn,,. ton kilograms state that the LONDON
hxnkino ar, u OF Rothschilds and Jay COOKE Mcool
,ocb % have made Joint oner W @Ao
.aoo ooo ooo ~ the new loan on terms whlcn are ho'
as vet speciaed although Is iu.e.Iou soo QUO oco
,ncude the an.or> ton OF the remaining
OF the new five per. cents ana suoso,.p' y. w a.
$500 $1,000 OF four a u naii POI hv ex.
fected either by p .Nau.v DIV ner cents
o.""s ~ be remembered that
~. au."rn. ., sorx md half per cents
sur,or,1ed Nv tho psnndsc. law Is only 100000
SO that the acceptance OF this ,w'"oc zoo r. ~
$780, 700 four per cents urp .,u,ar. =, ,ot,ng
rumored that the bidders ask tile " ,sh an r,nu the
up the bonds gradually as they y. ,,. .no. or.
interval to January l. 1873. at whichA ,orr, rns
to make settlement for the whole Al NJ who's.
offer has been submitted to Mr.. BoutvA v,,' no
chief objection, II he makes any, !. ,ho
that he sold the first O0,O00.oO0 - rho,
i've per cents ON the condition do
future subscriptions should bereQuired TO tacfA
q pro rata OF the three classes OF bonds. DoubN
less this objection could be readily overcome. AZ ,
least the public would sanction MIR. Boutwell,
in setting 1t aside II, therefore, there be no
serious drawback In the way Of double interest on
the $500, 900 for the interval to January the
acceptance OF the proposition Will be popularity en-
dorsed. These are all the facts 80 far known in
Wall street this afternoon. We refer our readers
to our Washington and Philadelphia dispatches for
whatever developments may reach US during the
night.
MONEY STRINGENT, BUT EASIER.
The money market was sensiDy easier, but still
stringent the rate ON call having been rather more
UNIFORM at 1-32 lie commission IN addition to
legal interest, with. toward the close OF banking
hours some exceptional transactions at per cent,
CON- and fair supply Offering ut l-32. The gov
eminent dealers were accommodated quite freely
at Z, currency, although early In the day the rate
was generally 7, gold.
Prime paper was still neglected, and quoted nOmi-
nally u per cent discount
FOREIGN EXCHANGE LOWER.
The foreign exchange market was lower on bet
ter supply OF bankers bills drawn against heavy
shipments of Erie, winch has been In vora-
cous demand In London for several Gays past.
The following were the quotations at the closet
Sterling, sixty days. commercial, 10SK 100; do,
good to prime bankers, lO9H 1o9A; do, short
sight, l09M 1926 Paris sixty days. 5.32h 5.27H;
d. short sight. 5.25 5224; Prussian thalers, Tx
a 72X: Antwerp, 5.26A 52lH; Switzerland, 5.25
$40; Hamburg, 35al o61s; Amsterdam, 4oX
Az; Frankfort, Az Az; Bremen, 7sa< 1914.
GOLD LOwER-10oH 1887.
The Spanish questlon-never a source OF agitation
in the gold markell however much IL ls.
turbcd public equanimIty-b being fully eliminated
this morning, there was listess tone most of the
day at 1895 109 in gold dealings. The $500 000 600
subscription to the new loan-or the offer to that
e1ect-suddenly Occasoned iively pressure to sell
late In the afternoon with the effect OF sending the
price down to 1Os1s, at which point cable quotations
from London were received, announcing fall Of
u per cent in United States fve-twenties Here.
upon there brier rally to 109h, but the mar
ket eventually gave way to the superior influence
and fell or again and Closed at 1881. The chief
fluctuations during the day are shown in the
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