The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-02-07
Money Active, with Relaxa-
ton at the Close.
THE LAST QUOTATION 4A5 PER CENT
An Erratio Speculation at the
Stock Exchange.
The Movement in Western Union and
It's Explanation.
ADVANCE IN PACIFIC MAIL.
STREET,

THURSDAY Feb. &c p. M.
on 'Change to-day cotton was quiet and easy for
Aots the spot while the late future months were
o trine nrmer Flour was quiet but firm. Wheat
was dull and unchanged, and corn was slightly In
buyers favor.
A FURTHER sCALL" OF FIvE-TwENTIEs.
At the close Of business this evening it was an
:nounced to Wall street. through the American
agents Of the Syndicate that the Secretary Of the
Treasury had given notice OF an intended further
cancellation of nve-twenties to the extent Of one
hundred millions OF dollars, the interest on the
bonds to cease
IN NINETY DAYS
from date, after which time the principal will be
paid In gold at the United States Treasury in
Washington. The reader is referred to our w ash.
Ington dispatches for such further Intelligence
concerning the call as may reach US during the
course OF the night.
THE GOVERNMENT GOLD SALE.
There were twenty-five bids for the government
gold calling for a total OF $4,350,OO0 at 1896
1879. The million and half (Which is the weekly
instalment advertised to be sold during the month
of February was awarded at 1881 1882.
THE FOREIGN MARKET.
The Bank Of England discount rate remains at
the minimum Of 81 per cent, no alteration having
been made by the directors at their meeting this
noon. The bullion account of the Bank shows .
consols improved 4 per cent upon the last men,
toned fact, but United States securities continued
weak and were mostly lower, the decline being
most marked In the fve-twenties Of '65 and '67
The ten-forties were exceptionally steady but the
new fves went of to 90%-equivalent to about
e9X In our gold, inclusive Of about three weeks
interest. Erie shares were feverish, and after an
opening jump to 5SX, declined to 52'i.
= MONEY EASIER.
The money market was active during the earlier
hours Of the day, and the rate oil Call, with pledge
Of stock coaterals, ranged from per cent coin up
to az high 1892 in addition to legal interest Be-
fore the adjournment Of the market from the Board
to the sidewalk there was sensible mo deration in
the demand, and the rate began declining until
before the close Of the open air dealings, loans
were made at as low as four per cent, the quota
ton closing In good season at Q per cent. Mer-
acantiie paper was quoted Q per cent discount
for first class names. Foreign exchange was un-
changed.
GOLD LowIR-113Z A 113H.
Tie gold market was weaker, despite the unfa-
vorable quotations for our bonds In London, and
declined from 1881 to 1881, as II parties in the
Gold Room had received an tnkling of
what the Treasury intended In the matter
OF calling in the nve-twenties, although
care had been taken by Mr.. Boutwell, that the
news should not reach Wall street until four
O'Clock, or just as the gong was sounding the ad-
journment of both the Gold and Stock Exchanges
The weakness can be referred also to less scepti
cal impression in the minds Of
THE GOLD CLIQUE
as to the success of the Syndicate In negotiating
the new FIVE per cents especially as the time Is
drawing near for settlement OF all doubts about
the matter. The decline would, perhaps, have been
more precipitate had not the European steamer
taken out q consignment Of $850,oo0 specie, in
elusive Of 100000 gold, although the export was
again regarded as In some way connected with the
EFFORT to sustain the gold speculation. The course
OF the market is shown In the tablet