The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-10-10


Loans 2sS,2sao.o s2ta, ssis0a74
specie ls'sO2ss9 2i'SlS S SSe
circulation. ............, a,l0s409 4,l!s, g.3
Deposits. .............. IT,, l2+,9Js itaZis,tfo
Legal Tenders. ......... t4,2o0,Css 5.,Ol7,3es
The changes in the respective items are as toll
lows:-
Decrease IN OBSERVATION-DISCLOSURES. 81 $50 675
Increase N specie ,...................' oOlo,eII
ineiease ~ cifculauph s'odo
Decrease in deposits NEUTRALITY-SUSPICIOUS.. 5000 s33
Decrease in legal tenders ............. 2,l9l 500
It. viii be seen from the above that the banks hold
s2o.ls2,714 In excess OF the legal reserve. against
sl5,7SS,456 last week-a gain OF s4,39i,25s.
The money market was easy aud rates huctaated
to low igures. In the desua 70 employ funds for
the two days to Monday The offerings were very
plentiful, and the transactions in governments were
general at three and four per cent. On stock and
miscellaneous collaterals the rate ranged nom four
TO Ave per cent In commercial paper there were
sales at nine per cent aud the range OF discounts
for primo acceptance was from that figure to twelve
per cent.
Foreign exchange was quiet and weak on the
basis OF 100 1904 for bankers sixty day sterling,
and 1907 l09ai for sight Bills
The total imports al this port Tor The past week
amount to So 0Sl against s4057, a49 for the
responding week OF last year.
The following were the bids for the city bank
stocks:-New York, 1sl; Manhattan, 14o; Mechanics,
40; America, l43; City, EOS; Phenx, no; North
River 90; Tradesmen's 150; Fulton I5s3s; National
ZIG; Seventh Ward, ia; State OF New York, Ill.,
Ocean, o.; American Exchange, 116; Bank OF the
Republic, l1s; Irving, 1I3; Metropolitan, 140 Mar
ket, 124; Nassau, 100; Continental, 1Ol; Common
wealth, ITO; Manufacturers and Merchants, 100;
central National, Ill; Fourth National, 1903; Ninth
Naonal 113; Gold Exchange 80; Bankers and
Brokers' Association, lo3
Government bonds were dull and steady. despite
the denial of the report that the Rotnsch.ds were
about to tender loan at q reduced rate OF interest
The Ere'ain0 telegram gives shape to this denial as
fOilows:-
We learn on the best authority that the report
which comes here from Washington respecting the
mission OF Mr. Friguet TO this country asserting him
10 be an agent Of the Rothschlds sent 10 offer
loan TO the gov eminent Is without any foundation
IN TACT. Mr.. Friguet is not and has never, we be-
neye, been connected with the mouse OF Rothschjld.
Ne is associated with the Kansas Pacific Railroad
Company, and visits this country 10 make arrange.
mehts for setting emigrants upon the line
Of that road. The denial OF his mission
OF his representative character as an agent Of
ROthschd5 or OF the Rothschlds havi ng submitted
through any source proposition OF a loan to the
secretary OF the Treasury is denied by authority IL
10 further stated that the last expression OF opinion
irom the Rothschilds upon this subject was 10 the
erect That any attempt TO negotiate q loan on the
part OF the American government at lower rate OF
interest would result in the return OF very large
scarcely any doubt, as an American bond at 4 or AZ
per cent would be placed in competition with Prus
sian anu other German and Russian bonds, with the
advantage 70 european capitalists In favor OF these
latter VI being nearer home. Our bonds now obtain
preference solely because OF the higher rate Of
interest they pay. What other inducements could
be offered 10 capitalists however, in lien or this
reduction III Interest rs an open question yet.
The following were the closing stree. prices for gov
ernmen,s:-United States currency skies, les q
los%; do. skies, 1881, registered. tles4 1870; do.
40
May aud November, l154 ll55z do. do, coupon,
1852, do, 1904 l2os; DO. do, coupon, 1894, do.
10Y iloH; do do, coupon, 1s65, do 1872
40; do. do, registered. January and July, lI7al
lls; do. do, coupon, 1866 do, HIS 49, do do
coupon, 1867. do, us ilSh; do. do, coupon,
1853, do l17s l1siS; do. ten fortles, registered,
los4 100; DO. DO, coupon, l0s94 q I0s.
Southern securities were firm. and for some OF the
list active. The new Tennessees have been favor.
ably affected by reports that the new Legislature
not In favor OF Reputation, as might be expected
from Its political character. The North Carolina tax
bonds were buoyant and higher. The Louisiana
levee skies were strong in consequence OF the
anticipated purchase OF bonds for the Sinking
Fund provided by the law authorizing the issue.
The following the closing prices for the
Southern lls:-Tennessee, ex coupon, ell4 e.;
do new, 564 564; 90. per cent, so 81;
Virginia, ex coupon, 81 81; do, new b3 a 81;
de-. registered stock, ~ IS: do, registered 1885.
~ 81; d. registered, 1867 81 a IS; Georgia skies
80 q SO; DO. sevens 81 a 90: do. d. Interest
payable Georgia, IS So; North Carolina ex coupon,
~ 40; do, new, AN a AZ; do, special tax As
4sh; Missouri skies, s6h 81: do, Hannibal and
81 Joseph, 81 O 80; Louisiana skies. 10 ~ do.
levee skies, e44 o43s; do do. Fights, SO q 81
Alabama eigh,s, 90 a %; do. fves, 63 IS; 90.
sixes. sterling, SIS 30; South Carolina skies, 81
"A Il. al
CITY Memphis sixcs IS ~; do Atlanta eghfs, So 81
do. Savannah sevens, IS So; DO. New Orleans con-
sos, "a rs; do do, issues railroads. IS T0 NOBLE
Ohio sterling 63 65; do. Fights IS IS; Mississippi
Central Railroad FIRST mortgage 2 "a, do second
do, e2 ao5; Memphis and Charleston FIRST 50 SIS; do
second, IA do stock, 40 A.; Greenvllle and Co.
lumbus Railroad, guaranteed SO a IS.
The gold market was quiet and transactions Inn
tied. The board adjourned at two O'Clock this after
noon, an hour earlier than usual. A report was
current this afternoon that the receivershlp OF the
Gold Exchange Bank would be vacated next Tues
day, when the institution would be taken In charge
by trustees preliminary to full resumption of oper.
atl0ns. The folio wing letter received by the
President OF the Gold Room from Mr.. c. n. Jordan
who was appointed by the bank their official ac.
c0untant to investigate and report upon the cond.
tion OF their AFFAIRS
NEW YoRg, Oct. 3, 1899.
IOWksBND 10Y fsis, fresiGtn new oTh boiu Tx.
change
DEAR SIR-Be good enough to make the following
announcement 10 your Board Parties having unset.
tied transactions which should have been cleared
through the New YORK Gold Exchange Bank Oh Fri.
day, September ~, will send in statements amended
In the following manner:Ascertan Ii the firms with
whom you had those transactions intend sending In
statements and balances and In the event OF any
refusing to exchange clearing orders with you, then
omit such name from statement. Also please draw
or currency checks for balances to the order Of
&c. N. JORDAN. in trust,- II being understood II a
turned to the parties deposi'ihg them. All pay.
ments, both coin and currency, must be made In GER
tined checks, and to the order Of &C. n Jordan in
trustn as above specified Gold certificates or legal
tenders WILL GOT be received. q. y. JORDAN.
The range OF the gold market was as foows:-
10 A; M.;:........, 1919 Up. M,........... 1904
lVii NJ M'...s.... loO5s Il. M.............. 1904
II A. M...,,..... 1907 4P. M............. 1903
Ia M. ....... i30N 6P. M.....I3o6 1850 x