The New York herald., 1874-12-26
FINANCIAL and COMMERCIAL.
The Market at Home and
Abroad.
DECLINE IN ENGLISH TRADE.
The Movement OF Gold in France
and Germany.
WALL STREET.


THIS being one OF the legal HOLIDAYS no business
was transacted on any of .he exchanges and little
thought Of nor IS 1t likely tnat pending the hoi-
days there will be much recovery from the dull
ness that has set IN. although II is not impossible
that further EFFORTS may be made to keep the mar
ker weak with view TO the fresh business that
Is confidently expected after the nrst OF the year.
The prevailing undertone Is that OF wearin1s, and
operators doubtless welcome rest as most sea-
sonable Sc luence to the sharp excitement that
has attended the dealings OF the past lew days.
Late London papers desci tbe condition OF hnan.
cial affairs abroad that Is somewhat akin to our
own. They state that the trade returns for No.
vember present the same leading characteristics
as those OF the month Immediately previous.
There Is a decrease or the imports mainly due to
diminution In the quantity and value OF the i'm
ports OF wheat, the result or this years. good
harvest, while part OF the reduction Is accounted
for by the reduced price OF the raw materials OF
manufacture. The exports also show the effect OF
the great reduction OF price since last year, In
speculation the tone Ii steady and quiet, with
diminutlon IN the amount or transactions and
disposition not to make new engagements for
the present.
FRENCH FINANCES.
The Paris Mint has commenced coming sum OF
10000, 600 OF francs in twenty franc pieces for the
Bank or France. The new coin Will be employed
to facilitate the withdrawal from circulation OF
the notes OF the same amount. The circulation OF
twenty franc notes, which at one time reached
0OO has already been reduced TO $780, 900.
The Senaaine Findnciere to illustrate the mode
In which the exportations OF gold from Berlin are
being enecred 1or French account, gives the de-
tails OF recent operation for 10000 thalers.
through Brussels. with tine pront realized by the
TRANSACTION. TO the outlay OF 90. 900 thalers IN
gold pieces OF twenty reichsmarKs had to be added
twenty thalers the premium on the gold at per
thousand and thirty thalers for the carriage from
Berlin to Brussels at u per thousand-together.
6O,O5O thalers. Berlin then sold bills on Paris at
eight days for the amount 81 512 thaers per 300
representing sum OF 22l. 28sL 2Oc. At Brussels
the 10000 thalers. weighing 6A.6os4 kilos fine,
sold at the Mint at a.A37f per kilo pro-
duced 22l,7 ,7l5f. s7c Paris next drew on
Brussels for that sum; bur, as Belgian paper
is at lie discount, the actual value obtained was
only 22l, ,67eL soc. As Parls had only paid on ac-
count OF Berlin 22l 28of 2oc the nrot was so7L e0c
TO that must be added. however, three days. In
terest at per cent. the draft by Berlin on Paris
being at eight days. while credit was given for the
gold nve days after 1t Is sent from Berlin. The
three days. interest represented 7sE S5c, making
q total profit OF Sslf 45c., or TX per Thousand.
This calculation has only retrospective Interest.
as the operation took place IN the month OF Sep
tember, but It displays the mechanism OF these
transactions. The margin OF profit was. besides,
small, considering the complex nature OF the bas-
ness, and probably could not now be obtained, as
the quantity OF relchsmarks IN circulation ID more
limited, and larger premium would have to be
paid to procure them.
TIE STOCK MARKET THURSDAY.
The course Of prlces In this department having
been described We reproduce to-day, Tor the con-
venience OF those who may desire 10 see them, the
opening. highest, lowest and closing figures.
az fOll0KQ.-