The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-02-17
FIyANCIAL and COMMERCIAL.
WALL STREET,
FRIDAY, Feb. 16-6 =. NJ.


WALL STREET !
FRIDAY. Feb. l6-6P NJ.
ON 'Change to-day wheat was dul ana strong.
Qhe cotton market was quiet and firm.
THE DRY GOODS IMPORTS.
The imports OF foreign dry goods at this port for
&he week ending February 15 1872. were 1864, $685.
The amount marketed was So, 09o, 500
MONEY EASY.
The money market was active early in the day,
borrowers on stocks paying seven, currency, TO
seven per cent gold, for accommodation,
while among the government dealers the
general rate was seven per cent, with exceptions
at SIX per cent. Hail an hour before
the closing Of the banks there was sudden pres
Sure to lend the money paid out by the government
Tor the bonds bought yesterday ana the rate on
call became nominal lenders accepting as little as
Hour per cent upon miscellaneous collaterals
Prime paper was quiet and quotations were I'M
changed.
I Foreign exchange was nomnally firm, but sales
but OF second hand were made at concession of
more than good brokerage from the bankers ask
kng rates. which for prime sterling sixty days were
ROsH, and for sight bills l1Oh.
GOVERNMENTS LOWER.
The government list was dull and lower, in SYM
bathy with small reaction in the London market,
The quotations OF when were not forthcoming
pnti late hour owing to an interruption Of
fhe land wire connections at Newfoundland.
krhe following were the closing quotations.
United states currency SKIES, 1l44 a 1l43s; do.
bikes, 1881, registered, 114A il44; do. do,
pom, 1854 115H; do. ive.twentes, registered,
pMay and November, 1l04 ILL., do. do. 1862,
coupon. oo., 11O1 I'LL do do, 1864, do. do,
plO% ILL do. do, 1865. do. do, ll1]4 a
Pllh; do. DO, 1867, registered, January and
puly ll0H Ill; do. d. 1866, coupon, 1lOh
p l1oI; do. do, 1867, do do, 111x
10 do do
lives OF 1884, funded, registered 1855 1887; do.
do. do, coupon, 1855 1854; 40. ten.lorties,
registered, 1861 q l07; dc. do, coupon, 1loH
q llOX.
GOLD sTAGNANT-1i0i4 1lO9S.
The gold market was stagnant, the few sales Of
the day occurring alternately at 1loI and 1IOI
lrhe quotation opened ITO e l1o4, but stood most
pr the day l1oH 11o's, and closed so. The specu-
hative interest is OF little account, and confined
chiefly to the brokers themselves who trading
t0r turns OF ~ q u per cent In the gold loan
market the rates ranged from TO per cent for
carrying. The operations OF the Colo Exchange
Bank were as foll0ws:-
Gold cleared. S4S, O95, 600
Gold balances Observation-Disclosures. 2,O37,65O
AurreucT UaIanceS.. .................... 2ouo,oo3
SOUTHERN SECURITIES STRONG.
Tue southern State bonds were as general thing
prm. but inactive excepting the Tennessees which
were in good demand and advanced about y per
BENT The following the closing prices:--
Tennessee, ex coupon. 6ek a 66A; do, new, 66al
p 81; Virginia sixcs old, SO a 561a; do registered
elock, a. so; do, consols, S. a Sc; do deferred,
es 10; Georgia skies. II so; North Carolina, old,
P3 "a; do., funding, 1866. % a "a; do do, 1865
Pl %; DO, new, ls 49, do. special tax, 13A ID;
missouri skies, "a a 94S; do, Hannibal and 81.
poseph, 90 03 Louisiana skies, 60 60; do, new,
30 55: do levee skies, GO a 65; do do. Fights,
as So; do. do. Fights, 1875. so 3d. do. Pen.
tentiary sevens 70 70; Alabama 6ves, 63 q 20;
DO. eights, IS 90; do Montgomery and Euaula
Railroad. IS 90; South Carolina skies, SO a go;
no., January and July, 32a 331s; do, April and
October 301s 31h; Arkansas skies, 81 so.
STOCKS DULL AND UNSETTLED.
The stock market was assailed III the morning by
the "bcar' cques, who. having taken advantage
pf the absence OF MIR. DANIEL Drew at q Sunday
echool festival the previous day, had weakened hts
favorite Wabash, and by this lever had influenced
Decline In the general list on Wednesday. Wishing
20 press the advantage thus gained they renewed
their 'hammering" this forenoon and gave the
market heavy tone and bearish look but were
Interrupted IN their operations by the advent
bf the Drew-VanderbilG brokers, who, fearing
renewal OF the ''Sunday school panic" OF
rSs9 TO the rescue ana lifted The market quite
Vigorously, turning the tables the 'hears' in the
afternoon and inducing fairly buoyant feeling
when money began to work easy. But the "buls''
mad hardly turned their backs when the "DearS''
went III again, and more started prices the
downward turn, making the closing figures for
Northwestern the lowest OF the day. The principal
fluctuations were in Western Union, Union Pacific
and Pacific Mail, the last mentioned selling ut 57ss
on Washington telegram saving that the Commit
tee on Appropriations mad recommended the Post
lOfice appropriation to be modified as to grant
khe company subsidy OF one million dollars per
Annum. Hannibal ana ST. Joseph neglected
until the time for deliveries arrived, when nearly
10000 shares were bought in "under the rule" for
khe account Of brokers unable to procure the Old
certificates, the price advancing from A IN the
morning to 45H q Al a AZ 461 AZ. the range Of
Erie fell to 3x ard recovered to 4, closing at 37s
Quicksilver preferred sold at &c. The current deal
dngs In stocks are confined TO few professional
operators and the speculative class of brokers. The
outside interest Is unusually quiet and but lightly
repr esented.
HIGHEST AND LOWEST PRICES.
The following table shows the highest and lowest
Drices OF the principal stocks during the day.
Highest Loarest.
New York Central ............... g74 96a4
New York Central SCRIP. 923+ ga
erie. ...............''... oV]s QUA
heading ACKNOWLEDGEMENTS. 49,. 1925
Lake Shore. 0l y0i,
wabash .......sss.s.. 1914 tof2
NOftnWcStcrn. .................. ~ 1o}a
Northwestern preferred. ........ 500 SOS
etocK lsland ............s~....... Ina lloSt
81. raul. Don ool4
st. Paul preferred. .............. 755s sjjS
Ohio and Mississippi. ........... 441s 43A