The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-09-11
FINANCIAL and COMMERCIAL.
Greeley and Grant and the
Gold Market.
The Result In Maine Causes a Decline
In the Premium.
MONEY ACTIVE AT FIVE PER CENT
A Steadier Tone in the Foreign
Exchanges.
The Rates for Sterling, Francs and
Continental Bills.
The Dividend on New York Central a Plain
Four Per Cent.
The Speculative Situation and the
Puzzle Of the Cliques.
RAILROAD EARNINGS FOR AUGUST.
The Rates for Sterling, Francs and
Continental Bills.
The Dividend on New York Central Plain
Four Per Cent.
The Speculative Situation and the
Puzzle Of the Cliques.
RAILROAD EARNINGS FOR AUGUST.

WALL STREET, !
TUESDAY, Sept. 10-6 p. M
on 'Change to-day wheat was strong and -four
steady. The cotton market was weak and lower.
THE EXPORTS OF THE WEEK.
The aggregate exports Of domestic merchandise
from the port OF New York for the week ending
September 10, 1872, were $4,909,9oo.
MONEY A PER CENT.
There was rather better inquiry for money on
call this afternoon, and o good many loans were
made at per cent the quotation closing per
cent, as against o per cent at midday, when
there were o number of transactions at 4per cent,
mostly In the way of renewals upon government
bond cOllaterals. The market might be summed up
IN the statement that money was active at per
cent, and easy at per cent. Prime paper was
nOmnaly unchanged, and there Is hardly enough
doing to really test quotations.
FOREIGN EXCHANGE STEADY.
The foreign exchange market was steadier and
perhaps nrmer, the sharp decline in rates inducing
. good deal Of covering Of borrowed bills. The
1rmer tone was most perceptibe after the easier
temper of the gold loan market, but quotations
we're hardly any better, prime sixty-day sterling
being accessible TO the close at 10S The following
shows the range OF the nominal quotations.
Sterling, sixty days. commercial, 107X 107X; dO
good to prime bankers, 1O7X 1881; do, short
sight, 1854 100; Paris, sixty days, 5.35 $50; do
SNORT 68nt, o.ZoZ DO; PrueSlan WATERS, IL
NIX; Antwerp, 6.32H 6.26X; Switzerland, 6.a1A
s.2eX; Hamburg, 85A Q a6h; Amsterdam, a9h
70; Frankfort, 4oX 4oX; Bremen, OAK 04X.
GOLD LOwER-l131 112X.
The gold market was lower on the political news
nom the State Of Maine and declined to l12X from
1l3k, the opening figure The price 113H was re-
corded few minutes after the Board opened, but
Il was paid for small lot only by somebody who
had neglected to read the papers before coming
down to business. The decline was helped by
rally OF quarter per cent in bonds In London,
which being lost partially later in the day, gold re.
covered to 11S 1872. The course OF the market
to-day has again illustrated the seemingly para.
d9xtSs! tendency Of the gold premium to decline
With the lessening OF the chances OF
HORACE GREELEYs ELECTION
70 the next Presidency, although that gentleman
Is an avowed advocate Of the policy Of resump-
ton Of specie payments. The price Of gold closed
strong Monday night at 1887. Within an hour and
. quarter this morning 1t had fallen to 112X,
change clearly traceable to the news rom Maine,
however much the degree Of the nuctuation may
have been afrected by It, When the Louisville Con-
yenton proved nzzle gold, 1t will be remembered,
advanced, because 1t was thought Mr.. Greeley's
chances had been strengthened. With the result
in Maine the rally has gone over to the other side.
The following table shows the