The New York herald., 1869-09-07

The easier condition Of the banks at the close last
week alayed the apprehensions OF borrowers for
the money market this week, and hence there was
o general defernent OF engagements until late in
the day, when under the combined demand and as
an echo TO the uneasiness in London aud Paris
there was sudden activity and the rate on call
sharp seven per cent, particularly on mixed col
laterals. Government bonds were supplied Of SIX
to seven. Commercial paper was in somewhat better
request but rates ranged as formerly quoted VIZ:
From nine to twelve per cent. Lenders are getting
into the habit more generally OF making time loans
on coateras for periods ranging from thirty
10 ninety days. at the full legal rate the broker max
Ing his own terms as TO the commission. This class
Of transactions checks, to some extent the negotla
tion Of paper and is preferred by many lenders
AZ to the Of the money market In the ensuing
few weeks much speculation Is INDUCED in but the
impression s general that it will require artificial
means to render 1T active to stringency. The de-
mand from the West and South must come sooner
or later but the expectation of It s largely dis
counted that the market will doubtless glide to
tightness almost imperceptibly The "bear" cliques
reported to have got together to-day TO organzea
pool for the withdrawal Of So 100000 Of greenbacks
from circulation, and thus precipltate a break in
stocks, bonds and gold Those who claim to speak
from knowledge OF Secretary Boutwell's policy
say that while on the hand he VIII endeavor to
market our crops to Europe at the most remunera-
tive prices he viii keep local money market well
supplied with currency for the promotion OF our me-
tropoitan business
The foreign exchange market was shade nrmer
at the close not from any better demand but through
. sudden indisposition on the part OF drawers to
make more bills. Rates were nominal, the extreme
range for sterling ana francs being as folows:--
Sterling sixty days, commercial, 1O7 q 107Z; good
TO prime bankers, 108 10SH; short sight, 10sk O
400; francs, long and short, 6.27H 5.1SA.
The following were the bids for the city bank
gtocks at the board this morninq:-New York, 1876
Manhattan, 14o; Merchants, 1876; Mechanics, lao;
Union, 12s; America, 142; City, 200; Phenix, 1O9H;
North River s0 Butchers and Drovers' 1885, Seventh
Ward, ia; State OF New York, III; Commerce
1885, Ocean, 100; American Exchange, 11eK;
Chatham, 1856; Bank OF the Republic, 1ls; Bank of
North America, 109H; Irving, l12; Metropolitan,
1877; Peoples, l4o; Market. l24; Nassau, 1os; Corn
Exchange, 1872; Continental, 100; Importers and
Traders. 14o; Park, 1To; Manufacturers and Mer.
chants, 100; Central National, ILL., Fourth National
10s; Ninth National 1l3.
The following were the bids for railway bonds and
mOrtgages:-New York Central skies lss3 90: New
York Central skies, real estate ST. New York Central
sixes, subscription 81 Erie first mortgage extended
ps; Erie sevens, fifth endorsed 1888, 7o<: Buffalo.
New York and Erie first mortgage, 1877, So; Hudson
River sevens first mortgage, 1s69-7O 90; Hudson
River sevens second mortgage. sinking fund 1885,
100; Michigan Central eight per cent, lses-7o 1873;
Michigan Central, new, first mortgage eights, 1882
l2s; Chicago Burlington and quincy eight per cent
nrst mortgage, LOG; Michigan Southern, seven per
cent, second mortgage, 90; Michigan Southern and
Northern Indiana sinking fund seven per cent, 9s
Pacific Railroad sevens, guaranteed by Missouri, 90;
Illinois Central, seven per cent, 1870 100; Alton
and Terre Hsute nrst mortgage 9l; Alton and Terre
Baute second mortgage, preferred, 81; Alton and
Terre Haute, second mortgage, income. 75;
Chicago and Northwestern sinking fund, 90; DO.
interest bonds, 80; DO, FIRST mortgage, eo; Hanni-
bal and st. Joseph land grants, 1Os; Delaware Lack
awanna and Western, first mortgage 9s Toledo and
Wabash 1rst mortgage extended, 81; do, second
DO, "a; do. equipment bonds 1917; Toledo, wabash
And wesse m convertible sinking fund, IS; Great