The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-05-25
FINANCIAL and COMMERCIAL.
GO l. d d U L L
A Vesuvius Condition in the Stock
Market.
The Gazing in Of the Specula-
tive Cone.
- II O G TX - O f It
= II O g TX y O r f
Governments Strong, Southern Securities
Quiet, Railway Mortgages without
Interest, Foreign Exchange
Steady, and Money Easy.
G L o NC RICE
WALL STREET.

WALL STREET,
FRIDAY, May 24-6P. M.
On Change to-day -four was quiet, without much
doing; wheat declined and cotton was steady.
GOLD LOWER.
The gold market declined to-day upon the con-
cnued reports Of the passage Of the supplementary
Treaty. 1t appears now that this matter has not
been thoroughly discounted in Wall street. as was
supposed, and an element Of uncertainty has en-
tered into 1t which is not generally appreciated
mere. Thus, while the Senate may ratify
the additional article, the people are
70 assa an administration which compels them
10 accept such degrading concession. In
consequence, therefore, there is q chance that
Grant, rather than go into the canvass with the
weight OF this act of submission and its conse-
quences may, perhaps withdraw this new article
rom the consideration or Congress altogether
The general undercurrent has, however, Influenced
the price of gold, which went OF to-day at time
to 1885, closing up heavy, although better than at
the worst part Of the day. The Assistant Treasurer
paid out to-day $34:, 900 gold on account Of nye-
twentes redeemed, and s270,00O on account OF in
terest on the public debt. The specie shipments
tomorrow will be 1910, o0o-that s to say engage
ments have been made for this amount This will
mako the shipments for the week over "a, OOO 900.
The custom receipts to-day were 100000.
THE SPECIE MOVEMENT
SHOWS tne same forward disposition, as VIII be seen
by the preceding article. Taking these shipments
with the large tourist movement of this season. the
very heavy item is added to our account In the
matter Of coin exports.
FOREIGN EXCHANGE
IS somewhat lower to-day, although leading bankers
still maintain the previous figures published or their
rates. recent loan made in England has fur.
nished the opportunity Of sales of English bills,
which has brought the actual figure at which ex.
change may be bought to 1925 for sixty days. and
HOY for short sight. There Is continued absence
OF commercial bills Offering, which leaves the matter
VI exchange entirely In the hands Of the bankers.
STOCKS UNSETTLED.
Pacific Mail and Erie continued to form the special
feature Of interest on the Stock Exchange. Pacific
Mail declined to 7oA, while Erie went of to esq., 1t
Is almost repetition to draw attention to the fact
that Erie is not worth the money that has been
paid for 1t recently or course there are circum-
stances which might make Erie shares valued at
500 nominally II the contest should continue be-
tween Scott and any party that might be organized
on the Erie side. 1t will be understood that the Eng
fish people have no understanding OF Scott. Mr..
Scott may be most excellent manager of American
railways, but the English people won't take that
for granted, not knowing anything about it. They
are justified In that, after the absurd way we were
imposed upon by people representing to have au-
thority from the other side.
THE EXTREMES OF THE STOCK MARKET.
The following were the highest and lowest prices
OF stocks during the day.