The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-05-17
Money Easy and Seeking
Employment.
STEADlNESS IN THE FOREIGN MARKETS,
A Slight Advance i'm Gold and
Increase i'm Exchange.
A Weak and Irregular Stock
Market.
GOVERNMENT BONDS QUIET AND FIRM.
WALL STREET.

FRIDAY, May l6-6 L. Nj.
On 'Change to-day cotton remained quiet. Flour
was active ana firm. Wheat was In fair demand
and firm while corn was steady.
TIE DRY GOODS MARKET.
The total imports OF foreign dry goods At this
port during the past week amounted to 81, $40 255,
specie value. The amount marketed during the
same period was s1,5s5,o16
THE FOREIGN MARKET.
Notwithstanding sensational dispatches from
London that were published during the day, au-
aouncng that there were 100 failures on the
Vienna Bourse yesterday, and That "the protracted
panic has created conservation in all branches OF
business" the most careful inquiry failed
TO discover any effect whatever upon the
market OF this centre. The German bankers
of the city, nearly all OF whom are in
Geographic corresr ondence with Frankfort, Ber-
lin and other European capitals, unanimously re-
port comparative quiet the other side, and
agree in the statement that II there have been
failures in Vienna they have occurred among
smaller and uDn1uentlal concerns whose veal or
woe is OF but slight interest TO the commercial
world 1t appears that the wild spirit of specula-
ton which now and then afiicts America
has reached the Austrian capital ami IN
natural imitation has been followed by the
natural result Thus far the suspension OF no iul-
portant bank is reported, and il IS affirmed that
there is necessity for apprehension the trouble
being confined to the minor firms. IL may also be
added that no sales OF American securities have
been ordered by German bankers in consequence
Of the reputed stringency abroad. Rentes at Paris
were frmer at 54.6o, and the new French loan in
London was steady at "a ~. London dispatches
quoted Erie at AZ a AK, with consols unchanged
and American securities dull and heavy. The
Bank OF England rate OF discount is stu 5 per
cent, and there was gain in bullion during the
day OF fl2o00.
THE MONEY MARKET.
The money market was easy, and the supply at 0
and per cent abundantly indicated the steady
accumulation Of capital and its employment Dis
counts were steady and without change from pre-
vous quotations. Foreign exchange advanced to
1104 for sight sterling and to l00H for sixty
DAY blls-the former being within 4 Il OF
The specie shipping point. The following
shows the new standard OF rates STERLING, sixty
days. commercial, 1851 1854 do, good to prime
bankers, JOSH 109h do, short sight, no ll0A
Paris, sixty days, b.2S1s 5.23H do, short sight,
alSA a 5ls1s; Prussian thalers, 71gs f25s
Antwerp $685. 5.21A; Switzerland, 5.26A
$40; Hamburg, 95@ o 96L; Amsterdam, 39X
lo4; Frankfort, 407s Az Bremen, 952S 96h.
The outstanding legal tenders to-day are
1856 600, being decrease or $780, 600 since yes
terday. The Treasury balances declare the busi-
OF the day as follows Currency, $3.50; coin,
s74, GOO, 0G0; certificates, SIG, 125, 600.
GOLD FIRMER-117T A I1S.
The gold market was unsettled, with but mar
range OF fluctuations, the extremes being
Il7l4 us, at which the market closed. The rise
is doubtless due to the hardening OF exchange and
10 the supposition that com VIII soon be sent out
Of the country. The Sub-Treasury paid to-day
S227 900 account OF interest The course Of the
market is shown in the following table -