The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-01-25
FINANCIAL and COMMERCIAL.
WALL STREET.
WEDNESDAY,. Jan. M-6 p. N.

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| WALL STREET.
WEDNESDAY,. Jan. M-6 p. NJ
On Change today wheat was steady, II not firm.
In earlier dealings. but closed dull and heavy. The
cotton market was unchanged, but weak.
MONEY SEVEN TO FIVE PER CENT.
| Money, during the usual hours for making engage.
ments, was offered at per cent, ana loaned at that
rate and per cent alternately. Before three
O'Clock however, there was less inquiry, and late
lenders were compelled to accept as low as per
cent to secure employment Of their balances over
night
Prime paper was quoted ~ per cent discount
The Comptroller adverrises In our financial
column that ne viii receive proposals until January
80 inst for ST. 900 OF city stocks and bonds The
several loans embraced in the notice 0fer the In.
ducement Of distant redemption. tine periods Of
which range nom twenty to thirty three years.
The circumstances under which the loan Ii created
guarantee It's entire validity.
FOREIGN EXCHANGE WEAK.
The leading foreign bankers reduced their rates
to the figures OF actual business for some days past
and the market was only steady at the reduced
scale OF our quotations. which closed as fol-
lows:-Sterling, sixty days. commercial, 10sk
10SZ; do, good to prime bankers, 100 109k;
do, short sight, 109h q 109X; Paris. sixty days.
6.32H a 6.27K; do. short sight. 5.23x q 622x;
Prussian thalers, ~ a 1874 Antwerp, 6.26k
5.22h; Switzerland. 5.2sx 5.2e,<; Hamburg. a5x
sex; Amsterdam, 4ox Il; Frankfort, Al AK
Bremen. 7siI a79k.
GOLD FIRM-1oss A 100.
All the sales OF gold were ut 1857 and loa The
former was the bidding and the latter the asking
price most OF the day and until very near the Close
when all that was offered at 100 having been taken
by leading German house, the quotations became
100 bid, with the offerings at 100 Liza In the gold
loan Market the renewals were at SIX. and * per
cent for carrying, with the extremes per cent and
nat. The Assistant Treasurer paid out $lo1 600 on
account OF January interest and $4,000 In redemp-
ton OF the called bonds OF 49,. Tne operations OF
the Gold Exchange Bank were as follows:-
Gold cleared t2l COL o0o
1old oaiances iodo IL
CurreuCy UuihnCcs A,oSo,ooo
GOVERNMENTS BErrER
The weakness OF governments yesterday is now
attributed to sales Of bonds by some OF the savings
banks officials who feared o sudden demand for
money from their patrons, and had decided to DO
ready to meet any unusual withdrawal OF deposits.
To-day there was q marked abatement OF the
savings bank panic, 4" and governments, feeling the
cessation Of sales became firm, especially for the
goldDearng issues but remaining heavy for the cur
rency bonds The following were the closing street
prices:-Unlted States currency skies, ll5x 1l5x;
do skies. 1881, registered, has. 1141s; do. do.
coupon, 1l5H n6ts; do. fvetwenties, regis.
tered, May and November. 1lok llo,s; do. do,
1862, coupon, do 1l04 110I; DO. do, 1884 do. do.
l1oA 110H: do no., 1886, DO. do, l1l, lllx;
do. do, 1867, registered. January and July. 1llx
lily; do. do, 1856, coupon, do, 1ioX 1io,s; do
do, 1857 do, do ll2X 112x; do, do. 1868, do.
do, 112H 112h; do. fves OF 1881, funded, regis
tered 1887 1O9H; do do. do, coupon 1l0k ll0k;
do. renforties registered, 109x ITO; do. do, c0u-
pom, 1l0h 1lOH.
THE CITY BANK SHARES.
The recent bank troubles have checked the ac-
tivity Of bank shares, but without depressing or
weakening those Of the best known Institutions
ocean stock was unquoted to-day (the latest was 70
o "a, although the statement was made that the
assets will pay every claim and leave q residue Of
over forty per cent for the stockholders The fol-
lowing were the bids at the call:-New York, 1874;
Manhattan, 1906 Merchants Ill; America, las; CITY,
225; Phoenix, 1Ol; Tradesmens, las; Leather Manu-
facturers' It's; Commerce. 116H; Broadway. 27O;
American Exchange, 1l2H; Bank OF the Republic,
1l6; Metropolitan, 1856; Peoples, $50; Shoe and
Leather, 154; Corn Exchange, l26; Continental, 05:
| st. Nicholas, III; Marine, 1876; Commonwealth IS;
! Importers and Traders, 1853; Park, 1853; Central
National. 100; Fourth National 1ooX; Ninth Ma
tlona, 1os; Tenth National 7s,s; oriental, 100
| Bankers and Brokers' Association, so.
RAILROAD EARNINGS.
The earnings OF the Milwaukee and st. Paul Rail-
road for the third week in January were Sl04 748-
| an increase over last year OF $50.
| COMPARISON THE EXPORTS.
| The following shows the exports, exclusive OF
specie from New York to foreign ports. for the week
ending January % ana since the beginning OF the
year,
! 1870. 1871. 1872
For the week.. s2,ess.soe s6laA4se $3.50. il.
Prev. reported. S,l56.050 Is, 569,6s3 9,415, Iii
Since Jan. $40 852 $3.50 $18704 1872 $14 sos, 34l
| RAILROAD