The New York herald., 1872-11-02
The New Issue of Northwestern
Bonds Restrained.
Western Union Telegraph to En-
join the Rival Lines.
ADVANCE IN TELEGRAPH TOLLS
Decline i'm Gold and For
eign Exchange.
MONEY CLOSES AT FIVE PER GENT.
WALL STREET,

MUNEY ULUSES al FIVE fEk UENI.
WALL STREET,
FRIDAY. Nov. 1-6 p. M.
On Change to-day cotton was in fair demand but
at decline Of &c. nc. per pound, both for ''spot"
and "luture." Flour was active and firm Wheat
and corn were in good demand and higher.
THE DRY GOODS IMPORTS.
The total imports Of foreign dry goods at this
port for the week ending October 81, 1872, were
$1,734,4SS. The amount marketed was $1,67S,S67.
MONEY A s PER CENT.
The money market was easier and the rate on
call gradually declined from to per cent, the
business in loans being through as early as quar-
ter to three O'Clock. Now that the 1st Of
November has arrived and with 1t the
copious disbursements Of interest money
due on that date the question OF o
steady II not easy, money market the remainder
of the Winter is pretty well assured. At least
there is promise that these moneys will help to
bridge over the interval to the New Year, when the
supply Of money VIII be still more abundant. Wall
street and vicinity presented
AN ANIMATED SCENE
to-day, owing to the large attendance of people
drawing interest from the Sub-Treasury, the
banks, the trust companies and other moneyed
institutions. One default only is recorded,
and that In the case of the coupons of
the first mortgage bonds Of the Memphis
and Little Rock Railroad of Arkansas-a
sample ''wild catn institution, whose stoppage Is
only benefit in warning the pu bc against invest
ment In rash enterprises. In the case OF the gold
coupons OF the Chicago and Southwestern Railroad
interest was offered in currency and generally re-
fused. The line is feeder Of the Rock Island,
which company has guaranteed interest payment
on the mortgage bonds In currency.
FOREIGN EXCHANGE LOWER.
The foreign exchange market was lower with
sales OF prime sterling reported at 1887 for sixty
day and 1O9% for sight bills. The quotations were
steadier at the close, the basis OF 1857 q 10sx
for prime sixty day and 109a< 1O9Z for sight bills
We are without any prices from London, where the
day has been strict holiday. The Bank of France
gatns 81 0000 00Of for the week, supplementing the
S400,0 gain OF the Bank Of England. AS the
money did not come from this side the gain at Lon
don and Paris indicates flow Of specie eastward
from Germany.
THE PUBLIC DEBT
has been reduced $5,2 All for the month Of Oc-
tober, even counting the issue OF new greenbacks,
which proves to be q fact The Treasury state
ment, published this evening and given In another
column, shows that the outstanding greenback cir
culation snow $685. 664 larger than on the LIST OF
October. In explanation it appears that Mr. Bout
well called In the per cent certificates faster than
new banks were organized under the Firty-four
Million act, and to make good his calls was COM
PEELED to trench on his reserve of greenbacks 1t
is an imitation which
NOBODY WILL OBJECT
to, and ought to have been begun years ago. The
substitution Of MISUNDERSTANDING currency for
the three per cents, which currency as much as
greenbacks, since they can be used as legal reserve
10y the banks, is wise exchange. The debt state
ment shows that there is only about five millions
more OF the three per cents capable Of this
economical withdrawal, and of this amount Mr..
Boutwell, has called in $1,250,00O for redemption
December 81 next. The net cash in the Treasury is
$50, $780, 153 coin and 6S7 currency. The net
debt OF the United States today is s2,161, 26O.
SOUTHERN SECURITIES DULL
The Soutsern list was 1rmer, with wider dis
tribution OF business, such as 1t was the dealings
having been confined to small lots. Bonds are
well held and offered only sparingly. The follow.
ing were the closing otations:-Tennessee, ex
coupon, 73H "a; do. new, 1874 "a; Virginia. ex
coupon, A so; do. registered stock, DID, 3S 40;
do. skies, consolidated bonds, 54i4 so; do. do,
deferred scrip, 15 16; Georgia slxes ~ 49, do.
sevens, SO 90; North Carolina ex coupon, 33 "a;
do. to North Carolina Railroad, 4o o Al; do. fund
ing 1856, "a 26; do do, 1858, % "a; do. new, 20
q %; do. special tax IL Ia; Missouri skies, 90 a
e3A; do Hannibal and St. Joseph, Of q 90; Lou
tisiana skies, So q IS; do. new, As IS; do. levee
slxes SO IS; do. DO, eights, 20 rs do do eights
1875, 10 IS; Alabama ives, 5s 81; do. eights, so
o s5; South Carolina sixes so q So; do. new, Janu
ary and July, 20 a 26h; do. do, April and October
27 20; Arkansas skies, funded. 45 a co.
THE RAILROAD BONDS.
The following were the bids for the railroad
bonds those marked with an "xn being quoted ex
the November INTEREST,"