The New York herald., 1872-12-25
FINANCIAL and COMMERCIAL.
The Money Market Active and
Unsettled, but Easier.
The Average of the Rate on Call
for the Year 1872.
GOLD STEADY AND FIRMER.
Government Bonds Higher
and Buoyant.
The CTS Nearly 2 Per Cent Above
Their Par in Gold.
TIE LONDON MARKET QUIET
A Further Advance and q Subsequent Reac-
tion at the Stock Exchange.
TINE PR0pHESIED "H0LIDAY RISE"
Foreign Exchange Easier-The Southern List
Neglected-Monthly Statement Of the
Illinois Central Railroad.
The CTS Nearly 2 Per Cent Above
Their Par In Gold.
THE LONDON MARKET QUIET
A Further Advance and a Subsequent Reae.
tion at the Stock Exchange.
tine PRoPHEsIED "H0LIDAY RISE" /"
Foreign Exchange Easier-The Southern List
Neglected-Monthly Statement Of the
Illinois Central Railroad.
WALL STREET,

WALL STREET,
TUESDAY Dec. 24-6P. M.
On 'Changc to-day cotton was quiet and steady
for lots on the spot, but easy for futures Flour
sold moderately for export ct former prices.
Wheat was in better demand and frmer, while
Corn remained quiet and steady. In the Wall
street markets ,.,,.;;..., .~-s-.s:,
TIE EVE or CHRISTMAS
was made halrholiday, the occasion being cee-
brated with the usual jocuarity and merriment
among the brokers, the boards adjourning an hour
before the regular time, while the street was de.
serted by the speculative dealers quite early in the
afternoon.
THE EXPORTS OF THE WEEK.
The aggregate exports OF domestic merchandise
from the port of New York for the week ending
December "a, 1872, were $4,7a4,ss
THE FOREIGN MARKET.
The advent OF the holidays was attended by o
duller movement in the London market, but prices
remained steady and firm. Our new five per cents
were quoted, indeed, at small improvement.
The figures for consos indicate as yet no appre-
henson OF trouble between Russia and England on
the Khivan question. Eries ruled u u per cent
lower for most OF the day, but at the close recov.
cred to within u OF yesterdays quotation.
MONEY EASIER.
The money market was easier, the intervention
money out early, which they did at rates ranging
from per cent coin to 1-16 and interest, the bulk
Of business having been at 132 and interest," equiv
alent to about 12h per cent, the commission of 1-32
being paid for the two days to Thursday. As the
average rate on Monday (as far as 1t could be cal
culated in such market) was over 1Sh per cent,
the decline to-day is quite
GAIN FOR BORROWERS
but Is far from being as satisfactory as 1t might be.
Some one who has taken the trouble to cipher out
the average OF the money market for the year just
drawing to close claims that the rate on call has
averaged per cent. II the announcement Of
the fact shall result in bringing more capital to
Wall street 1t will not be an unwelcOme discovery
to the stockholders. The fact illustrates again
the necessity of making banking free system; for
If money Is worth per cent from day to day In
Wall street 1t Is easy to that other interests
are suffering. Hence we continue to ind prime
commercial paper still dull at 10 12 per cent dis
count. Foreign exchange was less frm, but quota
tions were unchanged, actual business in prime
sterling being u . y below the rates on the bull
letin board.
GOLD sTEADY-111X 111H.
The gold market was steady and firm on the basis
of 111S 111A, the sales alternating on the two
figures all day. The weaker tone OF the foreign
exchanges, by inducing buying OF bills served to
stiren the market and arrest the depressing IN
nuence Of large sales OF gold received from the
Sub-Treasnry III payment OF the January interest,"
the disbursements on which account were $1,1e1,-
900 In gold and $323, 900 in currency, the redemp
tion OF called nve-twenties amounting to $11, COO
coin.
SPECIE ENGAGEMKNT
OF $500 900 for Wednesdays steamer also helped to
render the market firm. The principal fluctuations
In fho oh!