The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-03-26
FINANCIAL and COMMERCIAL.
Money More Active and an Advance In
the Rates on Call.
Dealings Close at I-3S
and Interest.
A Further Advance and an Active Day in
Government Bonds. ia
Furor in the SIS. '6s's, Currency Skies
and New Elves,
AN ADVANCE IN FOREIGN EXCHANGE.
A Recovery and an Advance In
the Gold Market.
An Advance in Pacific Mail Shares and
Union Pacific Bonds.
A Decline in Erie Shares and Tennessee
and Missouri Bonds.
AN ADVANCE IN FOREIGN EXCHANGE.
A Recovery and an Advance In
the Gold Market. A
An Advance in Pacific Mail Shares and
Union Pacific Bonds.
A Decline in Erie Shares and Tennessee
and Missouri Bonds.
WALL STREET,
TUESDAY, March 25-6 =. NJ.

1
TUESDAY. March 25-6P. NJ.
THE EXPORTS OF THE WEEK.
The total exports Of domestic merchandise fr0m
the port OF New York to foreign ports during the
week ending March rs, 1879. were OF the currency
value Of $5,2e0,O47.
THE FOREIGN MARKET.
The London quotations came firm for consols and
steady for United States bonds The '67s under
went little reaction from last nights buOyancy,
but to compensate the ten-forties advanced fur
Their u per cent Erie shares were heavy and
closed at decline to So, at which they were stln
above the New York market-52 in London being
equivalent to about 651S in our currency. French
rentes IN Paris were better at $3.50.
MONEY DEARER.
The money market was subjected to a recurrence
of activity, under which the rate on call advanced
from per cent coin, at the opening to 1872 q lis
per cent at the close. Among the government
dealers the rate was quoted u, coin, and some
of the more favored classes OF stock houses got
their money at per cent early in the day, but the
cases were exceptional. The other extreme was
1-l6, which was likewise exceptional; but borrow
ers who went for their money toward three O'Clock
had to pay 1872 and interest. The
MORE ACTIVE DEMAND
is explained by the general hypothesis that the
banks are beginning to send money to the interior
for the April settlements. The turn Of the ex-
change at Chicago has been against New York for
several days. but seems to be only temporarily so,
while the rates at Cincinnati favor us, and in
duclng shipments OF currency In this direction.
Therefore, while we are sending currency into the
interior Immediately near US, we are likely to gain
in the large interchange with the West and South
west. Commercial paper is rather more active or.
at least, buyers are beginning to look over the
brokers' ass0rtments, but rates are still quoted
o II per cent for prime names.
ADVANCE IN FOREIGN EXCHANGE
The foreign exchange market was hrmer, and the
leading drawers of sterling restored the rates to
1881 and 100 for sixty day and sight bills respec
lively. The advance was based upon better de-
mand for Wednesdays mail, which, in turn, had
been inspired by the easier terms for cash gold
lately prevailing. The following are the re-
vised rates-Sterlng, sixty days commercial
107h 107zs do, good to prime bankers, 108
1881; do, short sight, 1857 100; Paris, sixty
days. 532h 5.2SZ; do short sight; 5.241i 5.23X;
Prussian thalers, 70ss TX; Antwerp, 5.32K
5.27H; Switzerland, 532H 527H; Hamburg OAK
90; Amsterdam, 391 o 40z; Frankfort, 40X 40T;
Bremen, 94i4 q 95.
GOLD sTRoNG-1157S 115Z.
Despite the satisfactory return OF the exports Of
merchandise for he week the gold market was
strong under renewal OF clique manipulation the
EFFORT being helped by vague rumors from Washing.
ton that the Secretary Of the Treasury had made
another dip into the box OF extra greenbacks.
The hrmer tone was also assisted by the advance
in foreign exchange, and by the discovery in the
afternoon OF scarcer supply Of cash gold for tho
three o'clock deliveries. The impression pre-
vailed, furthermore, that the clique, having clear
field until the lst Of May for their operations,
were gong to make the best use of the Intervening
three or four weeks torun up the market and get
out of their gold. The course Of the market il
ahown in the table