The New York herald., 1873-03-01
The Company as a Lender of
o'as2 Money on the Shares.
The Rest of the Stock Market Feyerish,
but Higher at the Close.
THE GOLD MARKET STEADY.
Government Bonds Firmer-Southern Securities
Inactive-F Foreign Exchange Unsettled and
Weak-Earnings Of the Erie Railway.

.s WALL STREET, /
f FRIDAY, Feb. z8-6 P.M
On 'Change to-day cotton was in better demand,
Sut at lower prices. Flour, wheat and corn re.
manned dull and generally lower to sell.
THE DRY GOODS IMPORTS.
The total imports Of foreign dry goods at this
port during the past week were Of the specie value
Of $S922,24s. The amount marketed during the
came period was $a,927. .4o2.
TIE FOREIGN MARKET.
The London quotations were firm for consOls and
higher for United States bonds Erie shares were
strong and buoyant, ana advanced to SIN, ex divi.
aend, equivalent to about So, the books having
closed in London last night, the usual fifteen days
before the time OF their closing on this side. In
explanation Of the non-reduetion Of the
BANK OF ENGLAND RATE
On Thursday and Of the recent of specie OF that
institution we have the following from the London
Ecoaonstst OF February 49,
A considerable amount Of gold has been taken
nom the Bank OF England for Japan and Germany;
heve, for Germany, which cannot be executed, be-
cause there is no bullion, and which may therefore,
st y any moment, be taken nom the bank: The pc
non demands, which has been Its principal feature
ever since the suspension of cash payments by the
Bank Of France, and especially since the German
government began Its great coinlng operation, sti
continues. -
MONEY EASIER.
gent, was notably easier, and the rate on call,
which opened at lie Il per cent per diem, de-
elined to per cent per annum almost early
enough for good many bank accounts as they
Are made up In these times Of excitement. The
aeaings at K were exceptional and paid mostly In
the way Of turning" stocks, and in some in.
stances by way Of renewal, where the borrower
was content to pay so much for another days use
OF the money rather than take the chances OF look
ing for accommodation In the general hurry Of
the street. The relaxation late In the day was al
the more remarkable as the street had to pay this
afternoon for the million and han vr government
gold bought yesterday. The
WESTERN MONEY MARKETS
are still active, If not stringent. The demand at
Chicago is reported abating somewhat under q
cessation OF the flow to the interiors but the rate OF
exchange, both at Chicago and Cincinnati, is far
Gom allowing US to hope for return movement
In this direction. On the contrary, the rate
1t Cincinnati is low enough to tempt further
shipments thther from this city. Commercial
paper s neglected and altogether nominal at 8
II per cent discount for prime names. The
foreign exchange market was quoted at the desk
as before-namely, 1osH for prime bankers sixty
day sterling and 109H for sight bills-and actual
business was steady at q below these rates until
late In the day, when prime sixtyd sterling sold
at 1osH again. English papers announce the
bringing out in London OF the new $1,000, 600 six
per cent mortgage loan Of the United Railroads of
New Jersey at 96X per cent.
GOLD sTEADY-1l4x A l14I.
The gold market opened heavy and went of from
114x to l14X on the lighter return Of the dry
goods imports for the week-the amount being con-
saderably under the running average for a couple
Of months-but rallied and closed about as It
opened, the reaction being helped by the better
demand for cash gold late in the day and the con-
sequent easier terms for its carrying. The Sub
Treasury paid out $l26,Ooo on account Of interest
and a, 700 on account OF redeemed nve-twenties.
The course Of the market is shown In the table =