The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-02-03
FINANCIAL And COMMERCIAL.

WALL STREET.
FRIDAY. Feb. "a r. NJ.
On 'Change to-day wheat was frm and actual
business was at slight advance In prices. sellers
having a temporary advantage in the lighter re-
ceipts at port Cotton was quiet but heavy, II not
weak.
THE DRY GOODS IMPORTS.
The imports OF foreign dry goods at this port
during the week ending February l, 1872, were
$685. 74s. The Withdrawals were larger than the
amount sent to warehouse the total amount mar.
keted having been So, 406.596
MONEY EASY.
The money market during the usual hours for
making engagements was active at y per
cent on governments and az per cent on stock
collaterals, but suddenly relaxed Just before
the close OF banking hours, when. accounts
having been generally made up, there was pres
lend the money paid out by the Sub Treasury
this afternoon for the million OF bonds bought yes
terday. Large amounts were loaned at the best
offer that could be got transactions occurring at
low as per cent ON stocks and ut per cent on
governments. Prime paper was quoted 7 o s per
cent discount ana is scarce, the street supply hav
ing been nearly absorbed since the middle Of Janu-
airy. The banks are discounting freely for their
customers and lending on stocks to within 10 25
per cent OF market price. A number OF time loans
at per cent running over into the summer have
been made on pledge OF the active speculative rea-
lures OF the Stock Exchange.
FOREIGN EXCHANGE FrRMRR.
The decline OF gold, in addition to interfering
with the making Of commercial bills, was the 0cca-
sion OF large purchases OF bills for remittance and
the offerings at the rates OF wednesday and Thurs
day having been absored the leading drawers
advanced their rates for sterling to lOsH and 1924
The following were the quotations at the close this
afternoon. after an active business for Saturdays
mails:-Sterllng. sixty days. commercial, 10sk
l0s%; do, good to prime bankers, 1857 lO9h;
do, short sight, lO94 109si; Paris, sixty days.
5.S2k a 5.o7h; do. short sight. 5.23Z 5.22h;
Prussian thalers, 71A rms Antwerp, 5.26k q
5.22k; Switzerland, 5.2ek $685.; Hamburg, 35L q
s6,s; Amsterdam, 4os 4o7s; Frankfort, 4O1 Ak;
Bremen, rs 1881.
GOVERNMENTS HEAVY.
The impression is abroad again, now that Con-
gress has by large vote sustained the Secretary Of
the Treasury IN the Syndicate negotiation Of the
$3.50 0oO 900 OF i've per cents that the Rothschilds
Cooke proposals viii be renewed. with o modiaca-
ton OF their terms so as to enable the negotiation
to come within the terms just endorsed by Con-
gress. The older fve-twenty bonds, particularly
the 1928, felt the influence OF this theory to-day and
were weak and lower the general list being heavy
throughout and at best only steady in a few
particulars. The following were the closing
prices:--Unlted States currency sixes 114I lis;
do. sixes 1851, registered, 1l47s a HAS; do.
do, coupon, 115 a 1864; do. five.twenties,
registered, May and November, 1l0H 10Y;
do. do, 1852, coupon. do., 11oX HOY;
do. DO, 1854, lloh 11O%; do. do. 1885, DO. do.
11l14 NIX; do. do, 1857 registered. January and
July, 111A l11H; do. do, 1865, coupon, do 1l0A
1l0; do. do, 1867, do. do, 112 1121I; do. do,
1885, DO. do, 1924 1921; do. 1ves OF 1881, funded,
registered l0S& 109; do. do. do, coupon, 1851
1857; no.. ten -orties, registered, LOT lo71l; do.
do, coupon, 1lO4 1l0A
The full details Of the public debt statement, re-
ceived by mail to-day show less than 1926, 10000
of the new five per cents outstanding although Mr..
Boutwell, claims that lie has negotiated ana dis
posed OF 5000, 90 0,000 and so the public have
thought for q good while past. Where Is the re.
naming $4,000. OO02 Bearing interest with and IN
the possession OF the Syndicate IN exchange for
their non-interest bearing certificates OF deposit.
GOLD sTRoNG-1O9h A 1097S.
TIE gold market opened weak on better quota
tons from London for both consols and United
States bonds, and result also OF the impression
above referred to, concerning the pening OF the
negotiations for 5000 0OO 900 more OF the new loan
The sales at this period frequent and large at
lOo%, with an occasional transaction at 109h.
Later In the day the stock brokers became buyers
gold ana one rumor had it that the Syndicate were
buying to close up OF their obligations In con.
nectlon with the new loan, Mr.. Boutwell, having
probably intlmated that 1t about time they took
up their certificates Of deposit with the genuine coin
instead of allowing "phantom gold' to stand to his
credit on their books. These purchases advanced
the price TO 1927. The course OF the market is
shown in the tablet