The New York herald., 1872-10-05
FINANCIAL and COMMERCIAL.
Continued Stringency in the Money
Market.
SIGNS OF A RELAXATION.
Dealings at Seven Per Cent Sub
sequent 10 Three o'clock.
A Further Decline and Rally in
the Stock Market.
ERIE STRONG AND HIGHER.
Gossip About a New Issue Of Fifty
Millions Of GreenbackS.
What the Secretary Of the Treasury Cannot Do
and What lie Ought To Do.
The Downward Tendency Of the
Foreign Exchanges.
SIGHT STERLING SELLING AT l0S Ia.
Gold and Government Bonds
Lower.
The Downward Tendency Of the
Foreign Exchanges.
SIGHT STERLING SELLING AT IOS Ia.
Gold and Government Bonds
Lower.
A Sharp Decline in the United
States Currency Skies.
WALL STREET.

FRIDAY, Oct. 4-G r. NJ.
On Change to-day cotton continued in good de-
mand, and fully &c. per pound higher Flour was
active and firm, while wheat was quiet and heavy,
and corn also quiet but steady.
THE GOODS IMPORTS.
The imports OF foreign dry goods at this port for
the week ending October 3, 1872, were $2O9S, ,eS5.
1n0 amount marketed was So, SOL, ,IiG
MONEY STRINGENT
Money was stringent, and the brokers had to pay
extravagant rates again for the means to carry
PtocKs; but there were signs late in the day OF q
relaxation, and some OF the banks are beginning to
gain In resources by receipts Of money from their
depositors The early activity was intensified by
the calling In OF loans by the Broadway Bank
which institution has been called upon to meet
some maturing Indebtedness of the city, as well as
TO cash some OF the lately audited claims against
the corporation. The highest rate during the day
was
AN EIGHTH PER CENT AND INTEREST,
as on the previous day, and the lowest plane per
cent The latter, however, an exceptional rate,
and attended only few limited transactions after
accounts had been generally made up. The fact re-
mains, however, that money was offered at per
cent, gold, at quarter past three O'clock without
takers. The banks are still refusing accommoda.
ton In the discount line, and prime paper Is or
lered pretty freely on the street at high rates,
without inducing much business. Quotations are
purely nominal and at the same time wide-say
TO IA per cent
FOREIGN EXCHANGE LOWER.
Despite the recent advance in the Bank OF Eng
and discount rate the foreign exchanges were
heavy ana lower the leading bankers reducing
xty day sterling per cent, and sight q per cent
rom the previous standard. The new rates are
IT'LL nominal only. Prime bankers sixty day sterl.
hg sold at 1904. and the same grade Of sight at
)0SH, and ''good" sight drafts at los. The follow
hg shows the quotations at the close STERLING,
uxty days, commercial, 100 1868; do. good to
prime bankers 1868 1918; do, short sight, 1917
l08H; Paris sixty days, 5.45 q 5.37h; do, short
sight, 6.36 5.32H; Prussan thalers 894 70a< Ant
yerp, $40 sos; Switzerland, $40 a 5.33I; Ham,
burg. 34h s5k; Amsterdam, SS1s SoH Frank.
0rt, 4oa4l; Bremen, 90 a s37s.
GOVERNMENTS LOWER.
The government list was lower, with the activity
10 money and the reaction in gold. The decline in
exchange also enabled some sales on foreign ac-
t0unt. The currency bonds were quite weak and
doclined to 111S. The following were the closing
prices s:-United States currency skies, Ill Ill
90. do, 1881, registered, ia a 1144; do. do,
coupon, 1162S 116; do. fve-twentles, registered
May and November, lily 112; do. do 1862
coupon, do 115K 1151s; do. do, 1894, do do.
l15H 115; do. do, 1866, do. do, 1151s 115H do
no., 1867, registered, January and July, 113I
zl41S; do. do, 1855, coupon, do, 1857 114S do.
do, 1867 do. do, 114h l144 do. do, 1865 do. do
ia ll4A; do. ten-forties registered, 1os 1885,;
do. do, coupon, 1oS 1885; do. fves OF 1884, reg
istered, 11o1s Ill; do. do, coupon 11Ola Ill.
GOLD LowER-115 1145s.
The gold market was lower and feverish the
business OF the day averaging about 114zs, and the
extremes being 115 and 114sS. The clique seem to
have skipped out OF some OF their gold again,
doubtless to allow Of concentration of their efforts
against the money market, and the gold loaning
rates underwent the wide nuctuation OF changing
from half per cent for the days use to the nay.
ment OF consideration OF q sixteenth per cent to
have gold carried over night The Sub-Treasury
paid out $4,000 on account Of interest and s1 600
on account OF redeemed 1ve-twenties The course
nfthe market Is shown In the table =