The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-03-22
KOOPMANNSCHOOPF INSATIATE.
He Will Have the Union
Pacific Road.
Graceful Yielding of the Van
derbilt Party.
Further Advance In Foreign Exchange
Gold and Governments Steady-The
Southern State Bonds Lower.
WALL STREET,


THURSDAY. March 21-6 p. NJ
On 'Change to-day wheat was strong ana under
went further Improvement. The cotton market
was firm. but without essential change In prices.
MONEY STRINGENT.
the money market was stringent, and the rate on
call loans advanced from per cent, coin, to 1872
and 1872 and interest. The government dealers
were supplied at per cent. Just at three O'Clock,
wnen accounts had been made up, some small
amounts were pressed to The street, the lenders &C.
cepting T. coin, aid per cent.
Commercial paper was nominal and dull Prime
names were quoted a II per cent discount.
Foreign exchange was firmer, and the leading
bankers advanced their asking rates to lO9H for
sixty day sterling and 110H for sight, but good
many bills were sold out OF second hands u y per
cent below their rates.
GOLD DULL-1ooA A 1Oo1S.
The gold market was dull but steady, with all the
recorded sales at lo9Z and lO9, and the quotation
closing 1904 1927. AS usual in such market
she bulk OF the days business at the interme.
dlate sixteenth or 'splt, VIZ, 100 3-16 The Sub
Treasury paid out ST. 340 900 account OF redeemed
nve-twentles The European steamer took out
about $4,000 In The gold loan market the rates
for carrying ranged from 8 per cent to per cent
coin. The operations OF the Gold Exchange Bank
were IS follows:-Gold cleared. $35, 900; gold
balances 81, 21s, 1888; currency balances $26S0,S 4o
GOVERNMENTS STEADY.
The government list was quiet and steady, the
only alteration OF any moment occurring in the
new lives, which were slrong on the advance to-
day in London OF these issues, and their apparent
sudden favor with investors In that market. Tie
advance IN London over the closing price OF yester-
DAY was fully y per cent. The following were
the quotations at the close of business:-
United states currency skies, lis ll5A; DO
skies, 1851, registered, l14sS 114T; do. do.
coupon. ll5H 115H; do, fve-twenties, regis.
tered. May and November, 1l1A 112; do. do, 1852
coupon. do, lll 1l2; do. do, 1884 do. do. nix
1875 do. dO 1856, 90. do, 1928 q 1925; do. do,
1851. registered. January and July. 11lX 111ys;
do. do. 1885, coupon, do, 1IOX Ill; do.
do, 1867, do, do, 1929 1924; do. do, 1885,
do, do. 1121< 1l2az; do. fves Of 1881. funded
registered, looZ 1o91l; do. do. do, coupon 1899
al0oK; do. ten.forties, registered, l07h q 1O7s<;
DO. do, coupon, 10s 10sh.
SOUTHERN SECURITIES LOWER
The Southern state bonds were fairly active for
the North and South Carolnas, the Tennessees, the
Virginias aud the Missouris The North Carolnas
were exceptionally steady and even firm. put the
others were heavy and in some instances weak.
The Virginia deferred bonds dropped TO 1917 on the
action or the Legislature in repudiaring them, al
though the Dill has not been signed by the Gov
Brn0r, and may yet be defeated. The South Caro-
linas were lower all around, the old bonds falling
or ON the belief that with the validating law
there can De in future no discrimination
In their favor as against the new bonds,
30 far as they are an obligation upon
the State The ante-war bonds sold at 80. and
the new January and July issues at 81 The follow
Ing were the closing prices: Tennessee, coupon,
e6sl 67 do. new, 66s4 67; Virginia, coupon, "a
R66; do. registered stock, old, "A 80; do. skies,
consolidated bonds, $50 3d. do skies, deferred
scrip, 10 II; Georgia skies, "A rs; do. sevens.
50 a 90; North Carolina. ex coupon, 37H a ss; do
funding, 1885, 81 %; do. do. 1868, % q "a; no.,
new, % "a do, special tax, 10 II; Missouri
skies. "a q 95; do Hannibal and ST. Joseph, 90 a "a;
Louisiana skies, SO 81; do. new, So 60; do.
evee sxes 90 66; do. do. Fights, 70 80; do. do.
eights 1876 10 a "a; do. penitentlary sevens 90 a
eS; do. railroad eghts, 10 50; Alabama fves 90 a
e5; do. eights, 80 o. do. Fights, Montgomery and
Eufaula Railroad, 81 q 90; South Carolina sixes so
q s.; do. new, January and July, SEX S7k; do.
do, April and october, 35 3516; Arkansas skies,
funded, "a q 81.
THE RAILROAD BONDS.
The following were the bids for the railroad