The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1869-09-07
PHILADELPHIA STOCK EXCHANGE SALES.
exported by De Haven Il Bro, No. 40 s. Third street.
THE NEW YORK MONEY MARKET.

The following extracts snow the state Of the New
York money market to-day
From the " Y. Herald.
"The easier condition Of the banks at the close
last week aayed the apprehensions Of borrowers for
the money market this week, and hence there was
general deferment of engagements until late in
tne DAY, wnen under the combined demand and az
an echo to the uneaSlness in London and Paris
there was sudden activity and the rate on call was
sharp per cent, particularly on mixed collaterals
Government bonds were supplied at to I. Com
mercial paper was in somewhat better request, but
rates ranged as formerly quoted viz From o to 10
per cent Lenders are getting into the habit more
generally OF making time loans on coaterals for
periods ranging from thirty to ninety days at the
iul legal rate, the broker making his own terms as
"Ths class OF transactions checks, to some extent
the negotiation Of paper and is now preferred by
many lenders. As to the course of the money
market in the ensuing few weeks much speculation
is indulged in, but the impression is general that
IL VIII require artificial means TO ren der 1t active to
stringency. The demand from the West and South
must come sooner or later but the expectation of il
is so largely discounted that the market will doubt
uess glide to ughtness almost imperceptiby. The
pear cques are reported to have get together to-
day to organize a pool for the withdrawal of
S5,OOOOOO of greenbacks from circulation and thus
precipitate break in stocks bonds, and gold.
Those who claim to speak from a knowledge of
Secretary Boutwells policy say that while on the
one hand he will endeavor to market our crops to
Europe at the most remunerative prices, he will
keep our local money market well Supplied with
currency Tor the promotion of our metropolitan
business
''The foreign exchange market was a shade frmer
though sudden ndisposton on the part of drawers
to make more bills. Rates were nominal, the eX-
treme range for sterling and francs being as follows
Sterling sixty days, commercial, 10T@1072{ good
to prime bankers 10S@l0S1[ short sight, los h@1O9;
francs, long and short 5'27 d5'lS%.
'"The effect OF the foreign news upon Government
securities witnessed in their rather sharp de-
cline in the home market, The 62s went of to 1921
and the 6s to 1905. Ii s suspected that the Jewish
holiday of New Year taken advantage OF in
Frankfort to depreSs the market there in the interest
OF houses having American connections and inte-
rested in both gold and bonds Certain it is that the
decline in Frankfort much greater than in Lon
don, the exchange of which city is more phlegmatc
and less susceptible to violent speculative move
ments. The 6Ts in the latter place OIL only to
ST. the decline being only one-half as much as
in the German city. The yielding here was
large one, however, when 1t is consi-
dered that the market should have been sus-
tanned by purchases which were made on
foreign account early in the day before the break
abroad and when gold was at 137H@137%, the
double transaction of selling the bonds in Lon
don and the gold here aifording good margin of
profit The following were the closing street prices
this evening, the market being steady limited States
6s, 1881, registered, 122ii@l22H; do. do, coupon,
122A@1221G do 52Os, registered 1212i@l22; do. do.
coupon, 1862, 12216C@l227G; do do, coupon, 1864,
12124@122; do. do, coupon, 1865, 121AGl22; do.
do, coupon, new, 1868, 12016@12O4; do. do. cou-
pom, 1861 12O2g@i2oK; do. 90, coupon 1865,
12O16@12OA; do. 10 4Os, registered, 111@11.4;
do; do, coupon, 111A@11lN; currency bonds 11Ol1S