The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-06-13
ANOTHER TUMBLE IN ERIE.
The London Price Falls to Al and
New York to SO.
4 "Bul" Clique In London Overwhelmed by
Their Losses.
Stocks Weak and Lower and the Speculation
Leaning to the Bearish Side.
WALL. STREET.

WALL STREET,
WEDNESDAY, June l2-G z. NJ
On Change to-day wheat was strong and in good
demand. The -four market was also better by
sympathy. Cotton was steady.
MONEY EASY.
The money market was easy and unchanged, OK
Dept In the greater elimination OF dealings at per
cent. The rates were and per cent, the former
the prevailing figure on governments and the latter
on stock c0llaterals Prime paper was quoted a Z
per cent discount.
Foreign exchange was unsettled, opening weak,
and, for actual business at continued concession
upon the counter quotations. which, in the case OF
prime sterling, lowered to 1091 for sixty day
bills Sight sterling was readily accessible at 1lOk
and sixty day bills sold pretty freely at 109H After
these early transactions the market became
Bteadier and closed quiet.
THE GOVERNMENT PURCHASE OF BONDS.
The proposals to sell bonds to the government In
response to the advertisement to buy two millions
were eleven In number, and the amount rendered
only 1921 $50, at prices ranging from 1887 to
11442 The price of gold was taken to be 1881, and
the purchases were limited consequently to the
small sum Of $47,s5o, which were obtained at 1l3 81
GOVERNMENTS LOWER.
Government bonds were weak and prices under
went further yielding Of u x per cent the 'o7's
selling down to 117H. Considering the steadiness
be sought for In the easier terms which bills Of
exchange were to De had, and also in sales to re-
alice the recent large advance In government &C.
curties the disposition to take profits having been
observable last week. when the 87's selling ct
Ills. The following were the closing prices:-
United States currency skies, 1141s 114%; do.
do, 1881, registered, 114aS 114; do. do, coupon,
i2oH 12oN; do five-twentles registered, May
and November 1141l 114X; do. do, 1862, coupon,
do, 114H Q 114z; do. do, 1884 do. do, 114H a
lax; do. do, 1865, do. do, 115jl 115h; do. d.
1857, registered January and July, ll34 113H;
do. DO, 1855, coupon, do, III 1l7x; do. do,
1867, do. do, 1171I a1171S; do. do 1865, do. do
l17k 117T; do. ten-fortes registered, Ill nix /;
do. do, coupon, 1111 1925 do fves OF 1884, regis
tered, 1l2X 113H; do. do, coupon, 1927 1874.
GOLD DULL-ll3T A 1141S.
The gold market was dull and, all things consi-
dered, steady. The extremes OF the price, VIZ,
1854 1l4I, were made pretty early In the day,
after which the market settled into slumberous
condition, the final sales occurring at 114h and the
quotation closing ia 114h. The specie ship
ment was only $ae2,ooo Of which less than third
was gold The Sub-Treasury paid out $l7s,o0 Cd
account OF redeemed five-twenties and $4,000 on
account OF interest In the gold loan market the
rates ranged from az per cent for carrying to nat
tor borrowing. The operations Of tho Gold En-
change Bank were as follows
Gold cleared. S43 503, 900
Gold balances Observation-Disclosures. 1,7l7,351
Currency balances ..................... 1,9l1,S79
THE EXPORTS OF THE WEEK.
The aggregate exports OF domestic merchandise
4 from the port Of New York for the week ending
June II. 1874 were $5,o65,57o.
The following shows tho exports, exclusive Of
specie from New York to foreign ports, for the
week ending June II and since the beginning Of tho
year,
1870 1871. 1872.
For the week. $3,s27,46s $399S, 100 $5,C05, $40
Prev. reported. 76,25S,10l 10l,5I614l 92,371,927