The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-02-15
The Stock Market Dull and
Prices Higher.
The Relations of Erie, Lake Shore and
New York Central.
sharp Recovery in Union Pacific Bonds and an
Advance in the Shares Continued Decline
nNew Tennessees- Proposed Plan
Of Life Insurance for Members
Of the Stock Exchange.
WALL STREET,

WALL STREET,
FRIDAY, Feb 14-8 p. M
On 'Change to-day cotton was in moderate de-
.nand and frmer both for "spot" and future"
Flour as dull and tended downward. Wheat was
wholly nominal while corn was quiet but about
steady.
THE DRY GOODS IMPORTS.
The total imports OF foreign dry goods ct this
port during the past week were $5,095,S45 and
the amount marketed during the same period
$5,lO5,S57. These figures indicate an excessive
total importation this week II they bear the usual
proportion to the imports of general merchandise,
the return Of which will be made up tomorrow.
The dry goods imports alone this week are over
hve-sixths OF the total imports last week. In ex-
planation 1t is said that several cargoes arrived
this week which were due the previous week.
THE FOREIGN MARKET.
The London quotations were steady for consols
and United States bonds. Erie shares were active
and unsettled, and after advance to SIX de-
clined to 81 and closed at SIX, equivalent to 64 in
our currency. The Bank OF France lost 1900, 900
francs in bullion during the week. French rentes
were strong and advanced to $3.50.
MONEY STRADIER.
The money market was active, with q steadier
movement, the extremes OF the day having been
per cent on government bonds and lie per cent on
miscellaneous securities. The average rate on the
stock colaterals was about 1882 per cent, and the
closing dealings were at Z per cent coin. In view
OF the heavy drain Of gold into the Custom House
In payment OF duties during the week, an unfavor-
able bank statement is looked for especially the
domestic exchanges are still against the CITY, Mer-
camille paper was quoted 10 per cent discount
for prime names
FOREIGN EXCHANGE LOWER.
The foreign exchange market was lower, under
further pressure to sell borrowed bills and prime
sixty day sterling declined to 1O9 The leading
bankers also made concession in counter rates.
che quotations standing as follows at the close Of
Misunderstanding, sixty day commercial, 1851 q
1857; do, good to prime bankers, 100 1927;
do short sight, 10 11OI Paris sixty days. b27k
523x; do, short sight, 51935 5lss<; Prussan
thalers. 711S ~; Antwerp. s2sjx 521X; Switzcr.
land. 526K a 52lz; Hamburg, 95s< 90; Amster-
dam, 4ol4 4OX; Frankfort, 4oX AZ; Bremen,
Q57S q &C.
GOLD STR0NG-114 114X.
The gold market was strong, q sequence OF
the renewal Of operations by the clique, who ap-
pear to have closed up the gap in their ranks
caused by the disafection OF some of their men,
bers on Thursday last. The price had been ad-
yanced from ia to 114,<, when the report OF the
excessive imports Of dry goods was received from
the Custom House, whereupon there was great ex-
element for Q few moments, and further ad-
vance to Hay the highest point reached since last
September This quotation brought out heavy
sales, however, and the price relapsed to 11414.
The course OF the market is shown in the table -
m rrIfC rr- M