The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-07-18

The money market was fully supplied at seven per
cent on all classes OF coaterals but preference was
shown for government securities, with pledge Of
which loans were made at six. Commercial paper
was duller, but the discount rate still ranged from
nine to twelve per cent for first class doube-name
acceptances.
In government bonds there was strong and i'm
proved market despite the ttiul character OF gold
and the steadiness and dulness Of the London quo
tatlOn. 1t said in some places that bonds were
coming this way, the English market having become
stagnant despite the reduction OF the discount rate
This might be true In the case Of the 82's, espe.
caly all London is out Of town at THO time OF the
year and stocks are lett no support from the specu-
latve interest But the effort to spread demoraza-
ton to the bonds which known the domestic
issues not only successfully resisted, but prices
were carried up at the close quarter to
half per cent. The fact is the uneasness as
to the permanent character OF the late advance in
the July bonds has passed away in the presence of
the market which Secretary Boutwell, has estab-
lished for them throughout the present month.
When August comes, however. 1t will be curious to
watch the turn which prices will take. The i'm
pr0vement in currency skies and ten-torties was
quite large under purchases by those who con-
rasted their prices with the rest Of the list The fol-
lowing the closing street prices:United States
SKIES 1881, registered, 12OA l2l do. do, coupon
120X 12l; do, fvetwentes, registered, 1917
1922; do. do, coupon 1862 12ah 1884; do. do,
coupon. 1854, 1919 1872; do. do, coupon. 1885,
I2lX I22; do do, coupon, new, 1865, 1907
l2O%; do do, coupon, 1867, 1908 1908; do. do,
coupon 1868, 1907 1905; do. ten-lortles regis
tered. ITO 11OH; DO. do, coupon, 1l0ss 1l0I;
currency bonds, 1919 a los.
In Southern State bonds there was little inquiry
and the transactions were the result in great part,
OF q desire to sell on the part of a few uneasy
holders. The new North CarOlinas again sold down
to ASH, but closed better. About 100000 new Ten
nessees, which, through an Inconsistency in the date
and signature, were declared mot good delivery"
will be admitted 1t was reported, upon the correc.
ton of the matters objected This announcement
weakened the bonds somewhat but not to great
extent The following were the closing prices OF
the Southern list at the last session OF the board
Tennessee ex coupon, 81 o 62s; do, new, SO
sex; virglnias, ex coupon, 57k So; do, new,
SIX 616 Georgia sixes s2h bid; do, sevens,
%; North Carolina, ex coupon 5s1s So; do, new,
Ask ASK; South Carolina new, 841i So; Missouri
skies, 87h a,S7X; do, Hannibal and st. Joseph 80
q 9lH; Louisiana skies, 6SH; do levee sixes IS a
81; do. do. Fights, 81; Alabama eights, 9sH "a.
The following were the bids for the city bank
stocks:-New York, 1877; Manhattan 40; Merchants
I27: Mechanics, 1876; America, 141; Phenix, no;
National. Ill; Merchants Exchange. H. Seventh
Ward, ITO; Commerce, lZ3; Mechanics bankihR Az
ISOLATION 100; American Exchange ia; Bank OF
the Republic, 100; Nassau, 1o4 Shoe and Leather,
lae: Corn Exchange, 1873; Commonwealth, 112; I'M
porters and Traders, 1885, Central National Ill;
First National, 22o; Fourth National, io4; Ninth
National, III.
At the opening gold was weak and declined to
1861 certain indications pointing to the movement
~ the preliminary to "bull'' speculation. The
shipment of gold was apparently purposely mis-
stated and moderated in order to let in the pur-
chasers. On the discovery that the export was
twice as great as represented and that the imports
during the week amounted to nearly seven millions,
the price eventually worked up to 1856. The specie
shipment to-day by the steamer City OF Boston was
sA34,75o. The total imports were in exact figures
s6s25 s55 against ,6sO442 duing the correspond
ing week last year. Reports were also circulated
uufavorape to the maintenance OF the present prices
for dye.twenties in London The range the market
ia ah0wn the tablet