The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-04-20
FINANCIAL and COMMERCIAL.
t.
The Money Market Assuming
Settled Ease.~ss
SIX PER CENT THE AVERAGE RATE.
An Active Movement on the Stock
Exchange.
HARLEM RISES TO 1919.
The Vanderbilt Tunnel as Continual
ton Of the Harlem Railroad.
The Weeks Imports of
Dry Goods.
WALL STREET.

FRIDAY, April 1876 r. II.
The money market has been a repetition OF the
previous day In the features of and abundance
and loans to the stock brokers were made at A
per cent The market during Its steadier hours,
was quoted per cent, and the latter of these two
figures might be taken the best index of the in
terest rate to-day. Commercial paper was in better
request and more active, and rates actual bust
ness show some concession. Foreign exchange
continued quiet and rates were steady at the quo
tatiOns of yesterday.
The dry goods imports for the week amount to
&3,063,71. The weeks consumption was ST. S65, 1886.
The gold market has been frmer with the quota
ton standing at 1l1S 11lA most of the day, and
the sales evenly distributed between the compo-
nents OF the quotation. In the loan market the
rates varied from per cent for carrying to nat for
borrowing. The operations Of the Gold Exchange
Bank were as follows:-
Gold balances .................,,. ia. 3o1
currency balances. ...................2 2, lao, 232
Gross clearances Observation-Disclosures. 80, 12e, 900
l.. The Sub-Treasurer paid out $4,000, gold, on ac
count Of interest, and $751;, 900 In redemption Of
dye-twenty bonds.
The government bond market reflected closely
the influences Of the rmed tone Of the gold market
and more abundant offerings OF money, and was not
only strong but more active at an advance In
prices. The following were the latest prices:-
1881, registered, 1l5 1854; do. do do, coupon,
1le1s 11eA do. do. lve-twenties, registered May
and November, 110H 11O9l do. do, 1852, coupon,
ia 1141; do. 1vetwenties, 1864, do, ia lax
do. do, 1885, d. 114s6 1147S do do. coupon, 1867
registered, January and July, 1875 1872; do. do
1885, coupon, 113S 113i4; do. do 1857, do, ia
1141Sj do. do, 1868, do, 114S 1147s do. flves Of
1881, funded, registered, 1o9al ITO; do do, cou-
pom, 111A 11126; do. ten-fortes registered, 1905
o lO9h; do. do, coupon, 1o9H a 1o91z.
The Southern State bonds were dull and nomi-
nally steady the only transactions of any moment
occurring in the new South Carolinas, July issues
at an average Of about 3S2l The following were
the only prices made at the last cal:-Tennessee,
ex-coupon, 81 67s; do do, new, 81 bid; Virginia
skies, new, CO., do consols, 53 do. deferred scrip
16 a Is; North Carolina, ex-coupon, SO bid; do.
special tax, 16; South Carolina, old, 34 do July,
IS S9 do April, SO 81; Missouri skies, 95S o6;
do Hannibal and st. Joseph, 031s 95; Alabama
hves 80 bid; do. Fights, 50 a co.
The stock market was exceedingly strong for the
specialties, which were strong, Harlem, as an in
stance rising from 11s4 to 100, its extraordinary
movement being attributed to the passage in the
State Senate Of the Vanderbilt Underground Rail-
road bill, which will probably be capitalized as a
part Of or leased forever to the Harlem Railroad.
The advance is also discounting, or less,
of the adjournment of the Legislature and
the deferment OF any interference with
the present route and roadway Of the
Harlem company between the depot
and Harlem River. To make up for this wide nuctua-
tion In one part of the list other stocks were ex
tremely steady-Rock Island, for instance, content
ing itself with variation OF little per cent.
The market opened strong, fell Off at the second
call, but rallied and closed strong again.
CLOSING PRICES, O'CLOCK p. NJ.
The following were the prices recorded by the
stock telegraph as the Board room was closing at