The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-02-19
FINANCIAL and COMMERCIAL.

WALL STREET., |
SUNDAY Feb. Is 1872 !
The week In commercial circles has been without
special feature of novelty. Wheat was higher but
still devoid OF speculative interest," while cotton was
unsettled but without important nucruation.
THE MONEY MARKET.
The money market was irregular under, for 20
brief period, quite frequent variation In the sup
ply and demand. the banks sent good deal OF
money West and South, and some OF the speculative
combinations Interested In lower prices for stocks
helped the scarcity at times but rise to seven
per cent brought money from other sources chiefly
from the Eastern cities, and hence activity was
only spasmodic The market is best quoted at al
per cent for loans on miscellaneous stocks ana
per cent on government bonds. saturday afternoon
the supply was unusually abundant after accounts
had been generally made up. ana transactions on
stocks occurred at a 2 per cent.
Commercial paper Is not so readily taken, in view
OF anticipated dearer rates for money for the next
month or two, and prime double names are quoted
7 q 81 per cent discount.
Foreign exchange was firm and rates closed on
the basis Of 1924 1929 for sixty days sterling and
ITO 1l0h for sight bills
GOVERNMENT BONDS.
The government bond market recovered steadily
from the depression occasoned BY the semipanic at
London at the prospect OF war between the two
OF those prevailing Just before the Alabama claims
excitement, the latest buyers being the foreign
bankers. who were rectlfying their too hasty 1udg
ment Of the consequences OF the agitation. The
lower ruling OF gold at the close of the week and
little reaction Il London prices made the market
heavy on Saturday and quotations fell or q fraction,
when the market became steady and wound up fol-
l0ws:-United States currency skies, ia 114H; DO
skies, 1881, registered. 114s max; do. do, cou-
pom, l16H 115K; do. fve-twentes, registered,
May ana November, 10Y Ill; DO. do, 1852,
coupon. oo., 1lOX Ill; do. do, 1854, do. do.
l1OX Ill; do. do. 1886, 90. do. 111K a
nix; do. do, 1867 registered. January and
July. llOX NIX; do. do. 1866. coupon, do., lloH
q lloh; do. do 1857, do. do, lily q
1l1Z; do. do, $685. 90. do. 112 112x; do.
fives Of 1881. funded registered, 10sX 1857; do.
do. do, coupon, 1881 lOsX; 40. ten.iorties,
registered, lO7 q 1071<; do d., coupon, 110X
HOY.
THE GOLD MARKET.
With the dissipation OF the Alabama claims war
cloud and the introduction OF proposition In Con-
gress allow One-Jhird Of the customs to be paid
in greenDacks, gold declined from 11ox to 1101,
but became steady at 1l0T 110A-the quotation for
Two days running-the only interest In the
market being In connection with the daily
settlement Of the merchants for customs. Three
weeks hence the Treasury begins the redemption OF
$40 900 OF i've twenties, and 1t is as yet ex-
tremeiv DOUBTFUL what use the foreign owners of
these bonds will make Of the gold paid them
whether they will reinvest II here or call it home
the gold speculation Ia without guide and appears
100 listess to solve the problem. The extreme uc-
tuations daily the price OF gold during the week
were fOllOWs.-