The New York herald., 1869-03-19
FINANCIAL AND COMMERCIAL
THURSDAY, March ls-eP.

II Ne
The market for government bends was the featur,
OF the street to-day In consequence OF purchases OF
foreign account which aggregated close upon tn,
sum OF 81 00o0, ,0O0 The issues In request were the
old 'e5's and the '67's, which from their relative
cneapness allow margin ior expectation Of which
the 'G2s are incapable at the present home prices
The demand from abroad was accompanied by or
the occasion OF rumor that the '67's had been
admitted TO Tie .'call' at the Frankfort bourse.
There Is no reason why this exception should
be made, and the report II true means
that oil the issues are now on the list
since the signing or the Public Credit bill
by the Presiden- The statement that he signed the
bill yesterday was incorrect His othcial approval
was given to-day 67's sold freely at 1l3X and the
sixteenth. The Bank OF England at the meeting
to-day did not change the rate OF discount, as was
feared In many quarters, and this fact doubtless
contributed to the foreign demand for bonds. The
weekly statement OF the institution shows gain Of
f57, 900 In bullion This increase, despite the i'm
mense purchases OF our bonds. shows that money
has gone into the English metropolis from the
rural districts where the investment inquiry for
our securities Is constantly spreading. The
following we've the closing street quotations.
United States skies, 1881, registered, 1l5h a
1l6h; do, coupon, ll6ls ll6a1; do, 6-20's,
registered, ll41 ll4s4; do coupon, 1862. 1191
1l9A; do, 1864, 1l5jS ll54; do. 1885, 1l7A
ll7&; do, new. 1856, ll34 1886 do. 1857, 1884
1l3H; do, 1865, l13A ia: do. 1o-4os, regis
tered, 105A a log; do, coupon, 1853 o LOG;
currency bonds lo3lE lo3a.
AS a sequence OF this immense supply Of bills
against bonds as well as Of the contribution to the
market through the negotiation Of the sterling loan
OF sS0o, ,oO0 for the Camden and Amboy Railway Com
pany, foreign exchange was utterly denoralized,
cable transfers being made at the sixteenth below
1Os. continuance OF the influences now
operating upon tho market would result,
very shortly, in turning exchlnye in our favor,
when we should witness the curious spectacle OF
gold impcrtations TO country which has been
steadily shipping gold FOR the past eight years. The
following the range OF rates to-day, but the quo
tations are merely notwithstanding, sixty days.
commercial los q los5s; good to prime bank
ers', 1851 losk; short sight, 100 . lo91; Paris
sixty days, 5.22s 5.17l; short sight, 5.17k a16k;
Antwerp, 622x 5.ls%; Switzerland, 6.22h 51sA;
Hamburg, s51 o S57.; Amsterdam, l0k 4ox;
Frankfort, 4OI 4o1l; Bremen, Is q 7sx; Prussian
tbalers, 70ss q 71S.
The influence Of the foreign demand for our bonds
was further reflected in the price OF gold, which de-
sned one-half per cent during the day, after most
determined and obstinate fight on the part OF the
-'bulls'' and OF those who were long At 49, which,
Gom the experience Of the Treasury and Cabinet
agitation was supposed to be the figure at which 1t
would touch bottom for some time to come at least.
But the avalanche Of exchange bills was too much
for those who looked for higher premium, and the
termediats reactions. The range Of price was IS