The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-05-30
FINANCIAL And COMMERCIAL.
A FURTHER ADVANCE TN GOLD.
The Supplemental Treaty as Amended
Not Suited to the Taste of
the English Cabinet.
The "Bears" In the Stock Market Use the
News to DepreSs Prices.
The Money Market Easier, Causing
Rally In Stocks ut the Close.
The Pacific Mail Election Goes as
Anticipated.
Submission of a Report Of
Earnings.
THE GOVERNMENT PURCHASE OF BONDS.
Decoration Day---A Par
tial Holiday.
The Pacific Mail Election Goes as
Anticipated.
Submission of a Report Of
Earnings.
THE GOVERNMENT PURCHASE OF BONES
Decoration Day---A Par
tial Holiday.
WALL SThEF'
WEDR ESDAY, May go l..
WALL STREET,

WEDNESDAY, may 2-GP. M
On 'Uhange to-day wheat was dun but firmly held.
The inquiry for nour was better and the market
steadier. Cotton was strong and fraction higher
DECORATION DAY WALL STREET.
by resolutions adopted Ia connection with the
proposed observance or Decoration Day, the Stock
Exchange win adjourn tomorrow Thursday at
hanpast twelve O'Clock, and the Gold Board at
noon. The United States Sub-Treasury win remain
open only to make payment for bonds bought to-
day and presentabe tomorrow up to the usual
6Our for deliveries.
MONEY EASIER.
The relaxation in money was quite decided to-
day, and rates ranged from to per cent; that is
these were the extremes the bulk of business hav-
ing been at per cent. Indeed, per cent was
more OF an exception than per cent and was paid
only In renewals OF loans which the borrowers did
not care TO disturb New business on stocks was
almost universally at per cent, and toward the
close the government dealers were pretty freely
supplied Of per cent. Prime commercial paper Is
quoted at a per cent
Money In London reported easier, with the
chances In favor OF reduction OF the Bank rate to-
morrow to a. per cent.
Foreign exchange was about steady but hardly
a. trm as before Wednesdays European mail.
GOLD sTRoNG--1l34 A 114l4.
The gold market opened weak In pursuance the
reaction noticed Tuesday evening, when II was dis
covered that the shipment for to-day and for the
week would be less than originally calculated ana
the early sales accompanied n decline to 1884,
Within the FIRST hour the market rallied however
and subsequently advanced, touching li4i. on
Washington and London advices that the
henate's so-called verbal amendments OF
The Supplemental Treaty had defeated
Dts acceptance by the British Cabinet The ad.
vance brought out good sellers, and the market re-
oedcd to ia at which it closed at three p NJ when
she Board adjourned in accordance with resolu-
zion Of respect for the memory OF Mr. Dimock the
quotation being ia Has. In the gold loan mar
ket the rates ranged from five per cent for carry
ing 10 nat for borrowing. The specie engagement
for tomorrow amounts TO $3.50 00o bat the shipment
may be enlarged 10 ssOoooO The Sub-Treasury
dsbursed 100000 in redemption OF called bonds |
and $4,000 for interest. The operations OF the /
Gold Exchange Bank were as lolows:-Gold cleared,
Sal 00o gold balances Sl,44l 45o; currency bal
sncea, $l,749,524. The government gold sale this
week has been postponed 70 Friday.
THE GOVERNMENT PURCHASE OF BONDS.
The offers to sell bonds to the government, en-
braced total Of s3,25s,soo ut prices ranging from
l1s45 to 1890 The purchase OF two millions at \
less than In par in gold was therefore, readily |
enabled, and the lots accepted were obtained nj /
llss5 o llaTa Payment for the bonds win be
made one-thlrd IN areenoacks and lwo-thirds in
national bank notes. $1,000 -. -a-a
- GOVERNMENTS STRONG.
With all that was said regarding tie uniavoraole
reception In England 81 the amended treaty our
bonds in London were steady today, and, con-
sldering the advance in gold We're quiet
In the domestic market The eos were
more directly affected by the advance in gold, and
exhibited the only variation Of any note. The fol
lowing were the closing prices Limited States
do 10
II7A lI72s; do. d. coupon, lle94 1879; do. five
twentes, registered, May and November ia 1l4l6;
90 do. 1852, coupon, do ia lI4h; do. do, 1864,
40 DO ia i14; do do 1895, do. do, 1855 49,;
DO DO. 1867, registered, January and July, 1l6ii
10y; DO. do, 1866, coupon, do, llGA 1893; do.
d. 1857 do. do, 11726 1i71S do. do 1868, do do,
1l7A 1l71; do. flves OF 1881, funded, registered,
I12x ll3s; do. do, coupon, 1127s 1l3 do. ten
tortes, registered, 1l1A q MY; do. do coupon,
1l21a ll23s
THE CITY BANK STOCKS.
The following were the bids for the city bank
shares Mechanics, l37; America, l54; city, 235;
Phenix, 1oi&; Tradesmen's, 152; Fulton, 155; Me-
chanics and Traders, 100; Gallatin National, lis;
Merchants Exchange, 96; Seventh Ward 1o2; state
OF New York, 10; Commerce, llsls; Ocean, IL;
American Exchange, ia; Pacific, Ia Hanover, I0j;
Irving, Us; Metropolitan, 1867 Citizens, 1884, Pco-
PIES 100; East River, lll Market 1876; Nassau 100;
Shoe and Leather l5i; Corn Exchange, 1917: Cont
mental, 9514 st. Nicholas, ll41s; Commonwealth,
81: Park, 1885; Manufacturers and Merchants
lO0 New York National Exchange, 90; Central Ma.
tiona, 1893; Fourth National, ia; ninth National,
lI3: German American, 10.
TIE RAILWAY BONDS,
The easier feeling In the money market turned
the investment inquiry again in the direction Of the
railway bonds, which were more active and firm.
Central Pacilcs closed at 1914 and Union Pae6cs at
FOL wi III the bids al the hnard