The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-05-10
Further and Large Falling OF in the
Imports Of Foreign Dry Goods.
COnsOIs in London Weaker and Our
Bonds Steady.
STOCKS QUIET AND FIRMER.
Exceptional Activity in Pacific Mail and
Panama, and Sudden Rise in Lacka-
wanna and New Jersey Central.
WALL STREET. |

FRIDAY, May 9-6P. M.
On 'Change to-day cotton was In better demand
and shade nrmer, flour ruled steady, wheat was
scarce and firm, while corn was In moderate re-
quest, but heavy.
THE DRY GOODS IMPORTS
The imports OF foreign dry goods at the port OF
New York for the week ending May 8. 1873, were Of
the specie value OF 81 2s3 754 the amount marketed
for the same period being $1,eee,245. The imports
Of dry goods last week were 81, 721, 428.
THE FOREIGN MARKET.
The only feature OF novelty in the foreign market
was further decline In consols in London, which
went OF T. S-16 this morning, and recovered only
. trine-say 1-16-in the afternoon. The decline
the past few days is the natural consequence Of
higher discount rate at
THE BANK OF ENGLAND
an influence which accounts for further decline
Of in our new five per cents, although the six per
cents and the ten-forties have remained steady If
not hrm. Erie shares have been heavy and u
lower. The new French loan was strong and adj
vanced to AZ per cent premium, although rentes in
Paris were shade lower at $3.50.
MONEY EASY.
The money market was easy, but to some extent
unsettled, the rate on call, which opened at per
cent having fallen to per cent early in the after
noon and recovered later in the day to per cent.
The more active inquiry toward three O'Clock is
explained by the previous delay OF borrowers to
make up their accounts in their expectation OF
getting money at merely nominal rates If they
waited until near the close Too many happened
to DO the same thing, so that the
DEMAND FOR MONEY
at the last moment gave the market into the hands
OF lenders, who stifYened their terms accordingly.
The heavy rain storm interfered with transactions
In mercantile paper, but the market retained its
easy tendency, and prime names were negotiable
at per cent discount. The foreign exchanges
were nrmer In answer to q more active demand
for remittance by Saturdays mall and the leading
bankers advanced sterling y per cent, to 1851 for
sixtyday and 1929 for sight bills, but business
at concession Of q 3-l6 per cent The outstand-
Ing extra greenbacks this evening are reported to
be 81, los, 00o q small increase since yesterday.
GOLD sTEADY-117k 117X.
The gold market was steady at an average OF
NIX, which Is y less than the average OF the pre-
vious day, the lower quotation being referable to
the light return Of dry goods imports, influence
which more than counteracted the effect Of the de-
preston Of consos in London. Washington ad-
vices state that the bonds OF 1862 called for redemp
ton IN the call OF March last are beginning to be
sent In and that half million dollars of them have
been redeemed to date. Time loans OF gold are
quoted as follows Thirty days, 1-l6 u per cent
for carrying; 90 days nat; 90 days, u for borrow
Ing; four months u y for borrowing The course
OF the market is shown in the table -