The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-05-22
CITY BANK SHARES.
ular call to- day

CITY BANK SHARES
The following were the bids for city bank shares
to-day:-Merchants' us; Mechanics, 1877 City, 1856;
Phanix, 1o4JS; North River, o.; Tradesmen's, ISL;
Fulton, 1856; Butchers and Drovers, 146; Mechanics
and Traders, 1870; Merchants Exchange, 90;
Leather Manufacturers, 1850; Seventh Ward, 1o2;
Commerce. 1lsa4; Chatham, 15O Bank Of the Re-
public 1l5h; Bank OF North America, 105;
Hanover, 1oals: Irving, 1271s; Metropolitan, 1886;
Market, 1875; Nassau, 102; Shoe and Leather, 1853;
Corn Exchange, 1885, Continental, 95A; st.
Nicholas, ia; Commonwealth, 80; Importers and
Traders, 1853; Manufacturers and Merchants, es;
New York National Exchange, OF Central National,
1903; Fourth National, 114t4; German American no.
MONEY EASY.
The money market to-day showed q sudden large
flow of currency towards this centre, which carried
the rate on call down to per cent, although the
bulk of the days business had been previously
settled at five and six. The explanation OF this
rapid accumulation Of loanabe funds here Is to be
found In the same disposition or correlative move
ment of garden strtfs to this market The season
has been unusually backward, and as asparagus,
strawberries and spring lamb have been
slow in coming forward, so has the money
that has been boarded in the country banks, while
winter lingering chilled the lap of May, waited the
spring impetus that can only come from sunshine
and genial showers to seek distribution here
There is a law of sympathy and association govern
ing this monetary current, making it subordinate
to commercial activity, whereby to-day's increased
ease is easily referable to the promise of spring
movement in produce which the pleasant weather
of the past few days affords. Prime discounts are
quiet at to per cent for best names.
REPORTED pEFALcATIoN.
There was small defalcaton In Wall street to-
day. 1t appears that the senior member OF stock
firm was absent from business on account of i'll
health and the junior member took advantage Of
his absence to run away with all the available as
sets of the concern, amounting to about $4,000.
FOREIGN EXCHANGE
was quiet, the supply OF borrowed bills In the mar
ket keeping rates down, nomnally 1903 for bank
ers go days. sterling and 1lo1s for short sight, with
sales OF 60 day bills of 1O9h. Exchange was Offer
ing, on account OF loan OF S3,000,000
recently negotiated on behalf of Baltimore and
Potomac Railroad Company, with the endorsement
of the Pennsylvania and Northern Central Railroad
Companies
TIE SPECIE SHIPMENT
by to morrows steamers IL, up to the latest reports
yed at $100000o of which sos 600 is silver. With
an those borrowed bills Of exchange TO be met, and
but little prospect OF anything to draw aganstuntu
long after their maturity, the outlook here is GER.
tainly serious.
OTHER EXPORTS.
The aggregate amount OF exports exclusive OF
specie from the port Of New York for the week end
ing May q, 1872, was s3,936,595
THE sUB-rREAsURER's REPORT
The following s to-day's business at the olcc Of
the United States Sub-Treasury:-
Gold receipts. SoIy,I42
COO paynents'... .'........'..''.'....'. eOo,54g
Doid DalahCe. 200, t5l
Currency receipts. ACKNOWLEDGEMENTS. 2I6.400
Currency payments. ACKNOWLEDGEMENTS. 3jS,0l3
Currency balance. OBSERVATION-DISCLOSURES. 5,274 l45