The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-04-16
a LEADING MEMBER SELLING OUT.
An Opening Rise and a Closing
<sBreakD in Stocks.
PRICES DOWN IL A 4 PER GENT.
Advance in Foreign Exchange Government
Bonds Lower and Feverish-The Currency
SKIES strong-Ths London Market.
WALL STREET,

TUESDAY, April l5--6 +. M.
On 'Change to-day cotton continued quiet and
was again easier. Flour and wheat were quiet,
with prices tending in the buyers favor while corn
was active and nrmer.
THE EXPORTS OF THE WEEK.
The total exports OF domestic merchandise from
the port Of New York to foreign ports during the
week ending April Is, 1879, were Of the currency
value OF 5,421, 1853.
THE FOREIGN MARKET.
The London market opened quiet after the Easter
holidays and prices to-day have been steady for
consols and United States bonds, the CTS being
especially firm. Erie was heavy and left or lower
at SIX. The cable announces that f1O3 900 went
out OF the Bank Of England this afternoon upon
balances. Rentes in Paris were 'oa7' at 5e.l5.
THE MONETARY sTRINGENCY.
The money market was exceedingly stringent, as
matters ordinarily CO. but was much easier as
compared with It's more recent experience, the
rate on call having been steady between the ex-
tremes OF u per cent and y per cent, "and inter-
eetu The average business of the day was at
about 3-16 per cent, equivalent to something like
So per cent per annum, the rate hardening from q
In the forenoon to u per cent at three O'Clock,
when the inquiry was accelerated by the calling In
OF loans by a Broadway bank. Rumors were tin the
ARR again OF intended government interference,
but nothing definite was asserted by any Of the
parties who assisted in retailing the reports. The
outstanding extra greenbacks tonight are
te5eo.oOo, an expansion since yesterday Of
100000.
ADVANCE IN FOREIGN EXCHANGE
The easier tenor OF the money market led to q
drmer feeling IN the foreign exchanges, and the
decline in gold enabled the execution OF q good
many orders to buy bills for the importers. Under
these influences rates for sterling advanced \ per
cent the market, which was moderately active
during the day, leaving of pretty steady,
Notwithstanding the higher terms for money
ct three O'Clock. The following are the
new rates STERLING, sixty days, CONNER
ctal, 1887 1914 do, good to prime bankers lO7't
1o7x; do, short sight, 1887 1885; Paris, sixty
days, 5.364 53l; do, short sight, 5.26zs 5.2e4
Prussian thaers, FOX IN; Antwerp, 5.s5 $40;
Switzerland, 5.35 $50; Hamburg, "a a 94ss; Am.
sterdam. $50 q 40; Frankfort, 4oI4 Q 40N; Bre-
ulen, "a a4sS.
GOLD wEAK-11sh A 1875.
The gold market was weak under continued
further and heavy sales for the bull" clique, at
least for party reputed to have been one OF It's
recent members. his arguments OF an advance In
gold to 125 or 100 having been freely used in ad-
vancing the market during its rise the past few
weeks. The opening price was 1855, whence de-
cline to l17I was followed by return to 11Sh.
The downward movement began afresh in the
afternoon, and the price declined to ll7A. The
course or the market encouraged q good Ceal OF
speculative selling by operators, who jumped to
the conclusion that the pool had broken up and
that the sales to-day were the beginning Of the
work Of unloading, the
DISRUPTION OF THE POOL
being occasioned by the approach OF the time for
the payment of the May interest on the public
debt and It's probable disbursement by as early as
next Monday morning. The chief fluctuations In
the price Of gold during the day are shown In the
Fol