The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-04-12
Consols Heavy, but Fiye-Twenties
Higher in London.
The EARNINGS OF THE ERIE RAILWAY.
Railway Traffic Receipts for the
Past Three Months.
WALL STREET,

The money market was stringent and the rate on
call ranged from I1s to per cent, the most Of the
dealings having been at the higher rate which, ON
many occasions, was paid In ad iition to the per
cent. AFTER three o'clock one OF the banks loaned
large amount at per cent coin, while 1-16 bld
Tho TACT had lis effect, however the hnal loans
toward half-past three O'Clock were At 1-32 lie.
The return tide IN the money movement was quite
perceptible to-day, one bank receiving over NIL
lion and half from the Interior The ellux OF cur
rency is still going on as regards other directions
but the result, for to-day al least, has been
siderable gain In The .'imports'' the "exports''
VI currency.
Paper Is still only nominal.
Foreign exchange was dun and steady on the
basis OF 100 1898 for good TO prime bankers Sixty
day sterling, and 10 1lo]s for sight bills. Com.
morcial bills are scarce.
GOLD FIRM-11O9S A 11OK.
The gold market was firm on the advance In the
Bank o. England rate OF discount, the minimum or
which is now pc, cent. as against so per cent
yesterday ana per cent yesterday week. The
raising OF the rate mad very little Ill effect on
consols and none at all on American securities our
hve-twenties having, en- the contrary, improved 4
per cent III the London market after the alteration
was announced. Gold was, a consequence,
main aimed In q neutral attitude by the TWO facts,
closing finally at ITO 7-16 1l0H. The Sub-rreasury
disbursed 5000 900 gold on account OF redeemed
hvetwenties ana past due coupons In the gold
loan market the rate ranged from 7 per cent gold
for carrying to nat Tor borrowing. The operations
Of the God Exchange Bank were as follows:-
Gold cleared $24, 257 000
uoiu paaices.. .......................... L2Z3oo3
SuiTeAcy DaIances. .................... l,343 III
TIE GOVERNMENT GOLD SALE.
There were seventeen bids for the government
gold, embracing total OF So, Sl3 500, the prices
offered ranging from 1Oa 80 TO l1o.51. The million
god was bought by the .'bear clique In stocks, and
will be paid for in greenbacKs, IN order TO aggra.
yate the monetary sirlngency.
GOVERNMENTS STEADY.
The government list was only steady and failed to
respond either to the greater frmness In gold or to
the rise In the London market, the check to
Its buoyancy lying in the protracted strin-
gency OF the money market. The following were
the closing quotatlons:-Un1ted States cur
rency skies, 1l5 1853; do. slxes 1851,
registered, lax ll5 do. do. coupon, ll5,a q
ll6A; do, fve-twentes, registered, May and Novem-
ber 1924 lo91s; do. do, 1862, coupon. do, 1879
112Js do do 1864 do. do, 1925 ll2ys do. do. 1885,
40. do, l13H 1l3S do. d. 1851, registered Janu.
airy and July, 1928 l12a; do. do 1895, coupon d.
ll1A liz; do. do, 1867, do, do, 1l29l lis;
do. do, 1868, do, do. lib 113A; 90. lives Of
1881, funded, registered, no q l1oL; do. do do,
coupon, Ito l1oh do. ten-ortes, registered 1881
. lO8>si 90. DO, coupon. 1854 q 10SH
SOUTHERN SECURITIES DULL.
The Southern list was qu ct, and prices expe-
rienced very little change, the tone OF the market
being unusually dull. The following were tho
quotations at tine close:-Tepnessee, ex-
coupon, o61s 81; do, new, ee1s u; Virginia
coupon so 65; do. registered stock, old, "A 90;
do. SKIES consolidated bonds 81 So; do. do
deferred scrip, 10 II; Georgia skies, 70 rs; do
sevens, 81 q 90; North Carolina ex-coupon, SO
Q 37h; new, 81 %; 90 special lax, IA
49, Missouri skies, 95 951a; do, Hannibal and
st. Joseph, e21a 93; louisiana slXes 5S q So;
no., levee sixes 60 90; do. do. eights, rs a so;
Alabama lives. So a 50: do. eights, s5 90; South
Carolina skies. SO 63; do. new January and July,
u 37H; do. do, April and October, 50 a sc;
Arkansas SKIES funded. 80 a 55.
HE RAILROAD BONDS.
The call OF the railroad bonds was responded to
by pretty lively dealings and we'll distributed busl-
ness The several Erie mortgages were represented,
except the fifth. The inquiry ran chiefly upon the
Western bonds, those nearer home being already
we'll held at high prices A small Morris and
Essex second went at 90H and Fort Wayne
second at 1922 which are regarded as unusually
good figures for second mortgages. The Union
Pacincs were all SOM again TO the extent OF Ha1
per cent, and the Central Pacincs were x lower.
Tho following were The bids as they stood at the
close of the CALI