The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-01-04
FINANCIAL AND COMMERCIAL.
Abatement Of the Monetary
Stringency.
RELAXATION TO 8 "A 7 PER CENT.
COincldent Sudden Relaxation in the
London Money Market.
FURTHER ADVANCE IN OUR BONDS.
Gold Weak and the Price Down
Another Point.
REVIVAL OF BEARISH OPERATIONS.
Dcfault Of Louisiana in the Payment OF the
January Interest.
A Dull but FirmeY Speculation at the
Stock Exchange.
AN ADVANCE IN ERIE SHARES.
Gold Weak and the Price Down
Another Point.
REVIVAL OF BEARIsH OPERATIONS.
Dcfault Of Louisiana in the Payment OF the
Jannary Interest.
A Dull but Firmer Speculation at the
Stock Exchange.
AN ADVANCE I'm ERIE SHARES.
WALL STREET,

WALL SrRErT, |
FRIDAY, Jan. SO p. N.
On 'Change to-day cotton was In fair demand
and steady for lots ON the ''spot' but shade bet
Yer for future. Flour, wheat and corn were quiet,
but firm.
THE DRY GOODS IMPORTS.
The total imports OF foreign dry goods at this
port during the past week were 81, 4o9, 643. The
amount marketed during the same period was
SST9,4S7.
THE GOVERNMENT GOLD SALE.
The advertisement OF the government offering to
yell million OF gold excited bids for total of
e3,426Oo0 at Ill 1l1.69. The million was awarded
1t 1ll.b1 a 111.69
MONEY EASIER.
For the first time In several weeks the money
on call has loaned ut per cent, the relaxation
booking legitimate to warrant hopes OF its con-
hnuance The early rate, not only in new business
but In renewals OF outstanding loans on stocks,
was the familiar
''oNE-RIaHTH AND INTEREST,""
which has been paid, it Is to be hoped for the last
hme. But as the day advanced the supply OF money
Increased, and by ten minutes to three O'Clock had
loaned OF per cent after which 1t was offered at
per cent, and transactions were reported at per
pent. 1t was too soon to look for an effect upon
commercial paper, which was still nominal.
Foreign exchange was lrm for sixty day and weak
THE FOREIGN MARKET.
Gable advlces OF private nature report the Lon
don money market as greatly easier the street
rate being as low as sH per cent, against 8 per
sent at bank. The quotations OF
CONsOLs IN LONDON
no not show any important variation, but our
bonds have been rampant, the '67's rising to OK
and the ten-forties and new nves improving in
proportion. Erie shares show rise OF x per cent
TO 81, equivalent to 62% in this market. The Bank
Of France shows gain OF 100000 francs In its bull
hon account for the past week.
GOLD LowER-111A 1l1X.
The gold market was weak and lower, the price
hsclining further e-eighth per cent to l1lH, at
which 1t closed. The advent Of the new year with
The current lighter tenor OF the imports has re-.
vfvea, but only family as yet the speculation LOT
The decline and sellers slowly putting out con-
tracts on the ''short" side. II looks like folly to
70 ''short" OF gold at prevailing quotations. par
uculariy a. the matter is regarded from the stand
point Of the Stock Exchange but
OPERATORS IN GOLD
IRE furnished facilities for enlarging their dealings
ten times the amount they would be capable Of
with the same margin or means In stock specula-
lion, and hence a smaller movement In the pre-.
MUM In attended with as large results. The i'm
preston EXISTS that with the heavy stock OF for
sign goods now on hand the imports the next six
months viii be quite light aud that there will be
buta
THRILLING EXPORT OF SPECIE
this year, the eject OF all OF which will be to re-
auce the gold premiums below the lowest point yet
recorded since the close Of the war The course Of
The market Is shown in the table,