The New York herald., 1873-05-27
FINANCIAL and COMMERCIAL.
A PEACEFUL PROSPECT.
Money Settled Down to It's
Summer Work.
HEALTHY TONE OF THE FOREIGN MARKET.
Advance in the Premium
Of the French Loan.
GOLD STE ADY.
Diplomatic Play Between the
Bulls and Bears.
Government Securities and Rail
road Bonds Firm.
The Stock Market Dull, but q Rally
Anticipated.
GOLD STEAL Y.
Diplomatic Play Between the
Bulls and Bears.
Government Securities and Rail
road Bonds Firm.
The Stock Market Dull, but . Rally
Anticipated.
WALL STREET.

WALL STREET,
MONDAY, May 28-6P. M.
On 'Change to-day cotton was dull, and for 'tfu-
ture" prices were easier. Flour was dull and
tended In the buyers 1avor Wheat was easier,
and corn steadier.
THE MONEY MARKET.
Money seems to have settled down to Its Summer
work, and is going about and doing good at from
four to seven per cent on call loans, the disposi-
tion this afternoon being towards the lesser
figure and from seven to nine per cent discount
on commercial paper. Nor does 1t seem possible to
descry any cloud In the heavens likely to disturb
the present monetary situation. There are no
wars or rumors OF wars; peace everywhere pre-
walls except on the borders OF far-ofr Russia; our
country is prosperous; our exports are nearly
equal to our imports; railroads are earning
more money than last year; our cotton crop
bids fair to ada at least eighty millions
OF dollars to our stock In trade, and altogether the
prospect is one pleasant to contemplate. The
legal tenders outstanding tonight $780, 425 000
an increase Of $4,000 since Saturday. Foreign
exchange weakened to-day, being checked by the
unsettling influences OF the gold market, and the
leading drawers have come down another eighth.
The receipts from internal revenue to-day
amounted to $725cOO. The following are the
rates quoted Sterling sixty days. commercial, 1os
10SH; do good to prime bankers 1Os1s 1OSs
$50 . 5.25; do, short sight, 5.21K a $50;
Prussan thalers, 71H q 70; Antwerp, 5.27h a
b.22H: Switzerland, 527H 5.22H; Hamburg, 95H
90; Amsterdam, 39z 40A; Frankfort, 4oX q
az; Bremen, e514 90.
THE FOREIGN MARKET.
Advices from London still encouraging, inas-
much as they indicate none OF the changes which
were anticipated as sequence Of the political and
financial affairs on the Continent. There have
been no further shipments OF bullion; the new
French loan was buoyant and advanced to AZ per
cent premium and American securities were
steady and unchanged. Consols closed easier for
money at pSA, Eres were quoted at 4s1l 4sss
and new SIS at S911 a S91.
GOLD llS% 1lsk.
The manipulators in the gold combination, which
1t Is now toerably certain has been organized, do
not yet seem inclined to show their hands, Thus
far they have been content to quietly absorb the
cards offered, without exposing a single trump Of
their own. The play Is evidently diplomatic one,
and at present 1t appears to be anything but
their purpose to excite apprehension. In
fact the clique are understood to be
loaning gold at the prevailing market
rates, with view to calm any premonitory symp-
toms OF disturbance that may have been excited
by the rumors OF the street. and likewise to main
tain as far as practicable the present rates of
change. How long this condition OF affairs may
continue s not to be ioretold by those who not
behind the movement, and the ''street" is there
fore content to fold Its hands and await
-. THE PROGRESS OF EVENTS.
Neither local nor foreign influence, however, has
thus far aided the clique one iota. on the con-
trary, the expectation that the death or removal
of Theirs and o change in the administration Of the
French government. which was confidently relied
upon as an exciting cause In behalf OF an upward
movement, has proved deceptive, and the "bull"
looks with species OF CONSERVATION on the TACT
that new government has been so quickly and
peacefully inauguIated and that the confidence OF
the people In the change Is shown by an advance
since Saturday OF 1,s per cent in the premium Of
the French loan, the price at which 1t Is now
quoted being AZ AZ per cent. To be added to
this is the easier condition OF the London money
market. As has been iterated before, there is no
basis for the movement whatever, and there Is
likely to be none until the Fall, when some
4 Sswj- NEW CHANGE OF SCHEDULE
may possibly expose the purpose OF the combina-
tion The market opened at 11sK The price i'm
mediately afterwards temporarily touched 11sn,
when 1t receded 9 point and thereafter renamed
firm between the extremes Of q q u. The rates
paid for carrying were s, and per cent to nat
for borrowing, The transactions of the Gold Ex-
change Bank are shown by the following tablet
Currency balances. ces....................... 27ls,63I
Gross clearances "a, ,534, 600
The Assistant Treasurer to-day paid out sos, 900
account Of interest and 1000 in redemption Of
nve-twenty bonds
The fluctuations Of the market during the day
were as iolows:-
10A. 1:06P. .1Isk
Insnl Il