The sun., 1872-12-28

FRIDAY. Dec. 27-P. M.-The prominent
feature of Wall street has been the course of the
money market, which materially Increased in
stringency the day wore on, until IA high as
z OF = cent. y diem in addition to legal inter-
est was exacted. This Is equivalent to nearly
one hundred aud forty-four per cent per annum,
though the closing rates were p cent. gold
after the scramble was over. The chief causes
for these extreme rates may be found in the
calling In of loans by the banks to meet their
dividend disbursements, the withdrawal OF
money by the City Comptroller, and the delay Of
remittances from the New England Middle, and
Southern States In consequence Of the recent
storm. These funds, however, now tenn
porarily locked up, will soon be again
upon the market, and in a few DAYS there Will
undoubtedly be a marked change to easier rates.
The mercantile community are necessarily much
embarrassed by the delay Of the mails. and the
banks are requiring their best judgment in dis
eliminating what paper shall be protected, and
also the class 20 be protested. There Is. how
ever. n disposition on the part of bank officials
20 accommodate their customers, but we nppre-
hend that after Tomorrow the mails will resume
their r wonted regularity, and that next week week
afternoon there were some indications Of sn
artificial locking up Of money, but the causes
already alluded to were sufficient to have occa-
stoned scarcity Of loanable funds in tho street,
without any additional assistance. IL should
not be forgotten that money Is always stringent
at this season, and that the first OF January Is
the general settling day ~ the wear. In Nhe dis-
count market there has been not hing of Import
ance prime commercial paper passing at 10 to ~
= cent, while other names less known are re-
jected altogether.
was materially influenced by he stringent money
market above alluded to, and inter the morning
insignihcance. New York Central and Pacific
Mail were the distinguishing features OF the
early trade, the first named having been very
strong at an advance to s9T, while the latter was
particularly consplcuous In It's weakness and
10 T. after which there was ;ss' anu reaeiioP ACT on
sS TSe Sed asasgs sSs'eGSenS n New rally YORK to
raj we're quite srisk q during most SFN of 'Sn, the
day, but at the close prices dropped TO pas,
Besides the above shares, Western Union Tee-
Lake shore, Rock Island, and Erie were ' notice,
able in the afternoon traieall except the latter
n cent, Erie having closed strong at 6l061r
Western Union opened at SO'{@sl, but declined
70 sO's cash in the rnal dealings, with sales at
soi. regular way. c., Z. and |. c. advanced from
S5h at the opening 70 3'S; with later transac-
tons at 9eha9s% Union Pacific was heavy and
z cent. to llDH. Lake shore sold down TO rs
cash cash and 49, REGULAR way. Wabash also sympa-
the dnsl transactions IN Pittsburgh there was more
aud 81 Joseph Boston Hartford and Erie and he re-.
mainder Of the list were negleoted.
day except as above mentioned and he atendanee "
e. london shS se wee M man and
ported all departments dull ..,,..---..,,
day until jan O. Instead OF clock the usual hour
The gold market opened strong, with sales az IL Va.
l& on light dealings The anticipation Of heavy spe.
cie shipments Tomorrow and pretty taT buying
movement stieucd the price up 10 il2k 10y 1850 T. NJ
but owing TO the excessive strinEency money and
the free 3nles by two prominen operators the
pnce quickly reacted 10 12 The anal dealings having
been 81 that ngure. The following were paid
for carrying 4, S, 9, gOid and per cent. cur
rency per annUm, and lS2, 3-6i, <, and l-i6
of one per cent. per diem. The high rates Were OF
couTre, owing 20 hc monetary strngency The Asst.
ant Treasurer disburscd In coin interest Ssi0N; in
currency interest, S'2S00 and GU called bonds SOG
The total cleaTngs at the Gold Exchange Hank were
anoes, t90S,0u-
follows: Gold receipts, si6It1O.s7; gold payments
ty6,s!g 81 gold balance, ttl ,3i S962 Currency re-
eepts iSSiSls currency M payments, $s5o00s9 cur
following were the quotations;
1000 A. M..,,.ii2N l;S0 p. Nib ass p Mfi9I<
l@.Sl p. M ...ll2A 9OJ p h....ll2k 400 p. MIN
The bids for Treasury gold reached At prices
ranging from ill2o 10 l2l. The awards made &C
IL; 10 20 ll92i, u Go,0O having been sold
Foreign exchange was quiet and nrn, the nominal
rates remaining lO3ssG O9k, and llO for days
and sight sterling respectively Sales made al the
@ll0E.
The Government bond market continues strong prices
having made further advance under the small supply
OF bonds and the largely increased demand The volume
OF business was not large, owing 10 the pRuy OF offer.
lhgs isis sAes sold AZ lI{, and SIS 80 high ir74
Henry CleWs Co., % Wan street. report prices at