The New York herald., 1872-12-27
FINANCIAL and COMMERCIAL.
A Dull Day After the Christ
mas Festivities.
%s:sssn -----.-----s
Renewed Stringency in the
Money Market.
The Rate on Call Touches q Quarter
Per Cent Per Diem.
ABSENCE OF LONDON QUOTATIONS..
An Advance of Three Points in
the Gold Premium.
PRESUMPTION OF SPECIE SHIPMENTS.
The Treasury Refuses to Buy Bonds Within
the Limit Of Par in Gold.
GOVERNMENTS HIGHER AND FIRM
"A Listless Movement at the
Stock Exchange.
An Advance in New York Central and
Decline in Pacific Mail
PRESUMPTION OF SPECIE SHIPMENTS.
The Treasury Refuses to Buy Bonds Within
the Limit Of Par in Gold.
GOVERNMENTS HIGHER AND FIRM
"A Listless Movement at the
Stock Exchange.
An Advance in New York Central and
Decline in Pacific Mail.
WALL STREET,

THURSDAY, Dec. 26-6P. M.
On Change to-day cotton was neglected and to
"a great extent nominal, the storm preventing de-
'iveries. Flour and wheat were dull and un-
changed, while corn was active and unchanged.
THE FOREIGN MARKET
Owing to the prolonged celebration OF Christmas
customary in England we have no quotations to-
day or any kind from London. where business was
suspended, as much as it was on Christmas itself.
For the same reason we have no quotations from
frankfort and probably shall not from the latter
city before Monday next; that Is II the Empire has
not altered the celebrations OF the holiday season.
MONEY STRINGENT.
Quite unexpectedly to the street there was
sharp spasm in the money market before the close
or dealings on the sidewalk dn the snow storm,
with svance in the rate on call to Il per cent
equivalent to 90 per cent per annum. The ear
ler dulness OF the Stock Exchange had allayed
any apprehension of renewal OF the stringency
30 frequent in the career OF the money market the
past few weeks, and the business at the usual
hours for
MAKING UP BALANCES
at the board was done at 1882, with sometimes the
addition OF per cent, the government dealers
getting accommodation quite readily at Z, coin.
But when the crowd gathered, as usual, at the
corner OF Broad street and Exchange place, the
demand became more active, and in the hurry to
secure balances some borrowers paid as high as 4
per cent-their numbers being quite few, how
ever, but enough to make the rate quotabe.
BY THREE O'CLOCK
money was offered at q per cent; by ten minutes
past three, when the gathering dispersed, money
was accessible at 1-16 and interest. Commercial
paper was neglected and nominal. Foreign ex-
change was nominally steady for sixty days. ster-
ling, but transactions were reported at rather
easier terms in this call of bills, while one Of the
leading drawers lowered the counter for sight
sterling to HOY, intimating, as some thought,
conjecture that the Bank of England rate might be
again reduced in the morning.
GOLD STRONG-111A 112t6.
The gold market was strong as a consequence OF
the virtual resumption OF specie shipments, In.
duced by the currenJ quotations for foreign ex-
change ana the active demand ior bills in settle.
tnent OF trade balances with Europe. We referred
some time since to the movement among the i'm
porters to settle up their Indebtedness to foreign
merchants. The movement has become even more
general than was anticipated it would become and
promises to open the new year with great reduc-
tion OF the balance against us.
SPECIE SHIPMENTS
The steamer OF Christmas Day took out $780, 900
gold and $100, 900 silver, and the Holsatia, which
went to-day, was to have taken $5oO,000 more, but
the owners eventually withdrew the consignment,
Intending send it Saturday should circumstances
continue to warrant its export. On this state OF
facts gold, which opened at 111, advanced to 1925
ana closed at 112 Should our bonds come as good
from London in the morning as they closed Tues
day. the price Of gold will allow shipments Of bonds.
The Sub-Treasury paid out seas, 900 on account OF
coin interest, $4,000 on account OF currency in
terest and $4,000 on account OF redeemed 1ve-
twenties. The course Of the market is shown in
the tablet