The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-01-11
FINANCIAL AND COMMERCIAL.
Another Change in the Mon
etary Situation.
Early Stringency and Closing Ease
and Relaxation.
HONEY WINDS Up AT 6 PER CENT.
The Stock Market Dull, Lower
and Irregular.
NEW YORK CENTRAL UP TO 1O4.
The Gold Speculation Feverish and
the Market Firm.
Further Engagements of Specie
for Expectation.
Money i'm London Down to
= 1-S Per Cent.
1)Ecl INE N HMM pAclEc CECljRlTlEC
Further Engagements of Specie
for Expectation.
Money i'm London Down to
y 1-S Per Cent.
DECLINE IN UNION PACIFIC SECURITIES.
The State Of Louisiana to Pay the January Inter-
ont Promptly-Government Bonds Lower
Railway Earnings and Operations
WALL SIRE EFT,

WALL STREET, |
FRIDAY Jan. 10-6 P. M.
On ,Change to-day Gotten was quiet and steady
Tor spot, but rather hrmer for future. Flour re-
manned quiet, but steady, while wheat and corn
were dull and somewhat easier.
THE DRY GOODS IMPORTS.
The total imports Of foreign dry goods at the port
of New York for the week ending January o. 1873,
were 81, $780, 1856. The amount marketed during the
same period was $1,562,47s
THE FOREIGN MARKET.
The London quotations were fraction lower,
say for United States securities and 11s for con-
soils at the beginning Of business, but recovered
and closed strong at the advance Of Thursday.
Erie shares were weak and underwent further
decline OF one per cent. In Paris rates advanced
to 1896, but receded to last nights quotation.
viz. 1882. The Bank OF France shows decrease
for the week Of 1888, 900 francs.
MONEY EASIER.
The money market opened active, with the bulk
of business in call loans 1924 few transactions
occurring at as high as 116 In addition to per cent
In the afternoon, however there was sudden relax
alton to per cent by the time for the closing Of
the banks. Some loans were reported to have been
made at S per cent The relaxation was all the
more surprising as the Treasury received over
million OF currency in payment for the gold sold
yesterday while million Of gold certificates went
into the Treasury for
EXCHANGE INTO COIN
preliminary to q specie shipment OF that amount
tomorrow. The market for mercantile paper con-
tinues to show an easier tendency, and transac-
tons were reported at about 10 per cent for prime
names but quotations still wide-yiz., IL
per cent discount for first class paper. Foreign
exchange was firm and steady, with actual bust
ness on the basis Of 1O9H for prime bankers sixty
day sterling and 11O9I for sight bills The borrowed
sterling reported as sold yesterday amounted to
only f1Oo 900, for which the seller got tribe over
lo9X.
GOLD FEvERIsH-112H 1121S 1l2A.
The gold market was feverish ana alternately
weak and strong, closing firm. The early heav.
ness of our bonds in London started rise to 1121s
following which there relapse to 1925 on the
recovery OF the foreign market, which was reported
buoyant again with the street rate for money In
London down to az per cent. But the subsequent
large engagements Of specie for export tomorrow,
coupled with the steadiness OF foreign exchange,
eccasioned second reaction to 112n, at which
price the market eventually closed. The extent of
the engagements for tomorrow is not less than a
million gold coin, but
THE SPECIE SHIPMENTS
may include quarter to half a million more,
unless the whole prospect should be disarranged
by lower rates for sterling. The course Of the
20 ohoxuu in he fol