The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-06-05
FINANCIAL and COMMERCIAL.
"A DULL DAY IN WALL STREET.
Advance in Harlem and Can
ton Shares.
Reaction and Decline In the Rest Of
the Stock Market.
The Latest Phase Of the Supplemental Treaty
Negotiations Not SAIL Right
Consequent Encouragement of
Operations in Stocks.
Gold Firm MT the Recent
Advance.
THE OUTFLOW OF SPECIE TO EUROPE.
The Plans Of the Gold Pool and Spectators
as to the Forthcoming Squeeze
The "Bull" Speculation in the
Gold Firm Mt the Recent
~ Advance.
THE OUTFLOW OF SPECIE TO EUROPE.
The Plans Of the Gold Pool and Spectators
as to the Forthcoming Squeeze"
The "Bull" Speculation in the
Cotton Market.
WALL STREET,
TUESDAY. June A(5 p. M

'CHhnge To-Day WneaL was lnCuncQ 10 weak
ness and hour was heavy and lower.
THE ADVANCE IN COTTON
was the feature Of commercial circles the market
rising to 2e><c. Oasis Of low middlng). Cotton ia
now just about twice the lowest price 1t reached in
the great depression OF March, 1871, when the
quotation declined to 1870. Oasis Of low middling,
nd is higher than 1t has been at any time since the
k'cotton break" OF the fall OF 1859, following the
illumination Of the gold "corner OF the same year.
MONEY UNSETTLED.
The EFFORT at a disturbance Of the money market
WAS repeated this afternoon but with renewed
Failure so far as 1t aimed at advancing the rates and
Excepting them so. 1t was successful to the extent
pr making good many OF the more timid brokers
Epay and a few Of them as much as per
lcent. At the close the market settled back to
Ruiet condition, and was quoted finally a S per
Gent on governments and a per cent on stocks.
Prime mercantile paper Is current at per cent
Discount
y Foreign exchange was steady on the basis of
p09A a 109X for prime bankers sixty-day sterling
And 1loh lloH for sight bills.
~ GOVERNMENTS STRONG.
The government list was strong throughout the
nay the investment and speculative interest being
more discernible and prices in some instances
Fraction higher Thus the 67's sold pretty freely at
h1s. The following were the closing prices:-
ASST, registered 114X 1l5; do. do, coupon,
f2oK 12oh; do. nvetwenties, registered May and
November, 114N us; do. do, 1852, do, l14&
p1S; do do, 1854 do. d. 114M lis; do do, 1896,
40. do, 115H 115Z; do do, 1867 registered,
january and July, 1917 11sA; do. do, 1885,
coupon, do, 1171S l17H; do do, 1867 do. do,
h17X 11s; do do, 1858, do. do, 117x 1175s; do
fen-f0rties, registered, 111H 111T; do. do, cOu-
pom, 1928 112X do. fves Of 1881, registered 1881
b 1882; do. do, coupon, 1884 11a's.
4 GOLD lax 114H.
Cold was steady In SO far as the extremes Of the
DAYS nuctuation were the same as those OF Mon
bay but firer in the respect that the closing quo
baton OF to-day was the higher Of these extremes
hind the highest OF the season-viz.: HAS. The
epecie shipment for to-day was 100000, although
previous calculation had estimated the amount to
30 out as ranging from 5O,OOoto 100000. The
market led OF heavy on account OF this fact, and
Concurrent plentiness Of cash gold in the early
business for the Clearing House developed later In
the advancement Of the carrying rate to
b per cent. This increased difficulty in
managing the pool gold was q reflection
I'm great measure Of the tenor Of the money market
hlthough many believed 1t to be device to en-
courage the spectators for decne-a view not
Unlikely when the subsequent flrmness Of the gold
premium is considered. London prices had no
WAS steady on the other side but the unfriendly
discussion in Parliament last night of the Supple
mental Treaty tended to help the stronger feeling,
Especially as, late in the afternoon, q Washington
despatch announced, on the authority of Secretary
Boutwell,, that the Washington government was
without any news in the way Of overtures from the
london Cabinet The SubTreasury paid out $5s3, 900
pn account Of redeemed nve-twenties and $3.50, 900
bn account Of interest 1t is doubtless this steady
outflow OF coin from the Treasury that retards the
Operations Of the gold clique and compels them to
hefer pushing the fighting until the diminution Of
the stream to proportions not likely to help their
antagonists when the scramble for cash gold takes
place. For this and the further one TINT the
Duly interest Is likely to begin coming on the mar
ket by the 25h Of June, the impression exists that
hhe next few weeks must Witness lively move
ment In gold, probably In the loan market thereof
because within that period the clique must do or be
hndone. The fluctuations Of the day are shown In
kho fobl