The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1869-06-09
The New Work Money Market.

from the Herald.
''The Money market was more active to-day and
geld interest was paid in some rare and exceptional
instances. The demand was quite irregular, how
ever, and variousy reported in different portions OF
the street. While some were unable TO lend at
per cent at the close Of banking hours Others found
difficulty in getting funds at that rate. The country
demand is hardly large enough to create the present
activity and hence the suspicion Of artificial infu-
ences in connection with the stock market Com
mercia paper was inactive and rates had tendency
to little wider range, the quotation being to
nine per cent. for prime double names
"Foreign exchange was active and higher at the
close, the prime bankers advancing their rates to
1925 for sixty days and 1l09a for sight bills. The
and commercial bills. Bond bills have been entirely
absorbed, and the present equality of the quotation
for Five-twenties In Europe and this country pre-
vents further supply. The steadiness OF gold is
opposed to a better supply OF commercial bills.
Governments were quiet and dull At the OPEN
ing there was some realization in anticipation OF
activity in money. but the buyers were numerous
enough to prevent decline of more than one-quar-
ter per cent. compared with the closing prices OF
yesterday. The London quotation coming S0% and
closing S0a, the feeling in the market improved and
prices recovered their lost ground The home-invest-
ment demand for bonds is quite active and general,
usual at this season OF the year, and maintains
prices at figures which leave no margin for export
exactly the same in New York and London The
market closed firm, with sudden advance upon the
noon quotations, based probably upon the London
mail news of an expected lowering of the English
discount rate. The following the final street
prices:-Unted States 6s, 1884, registered, 117@117A
do coupon 121al@122 do, Fve-twentes, registered,
116T@11756; do. do, coupon, 1862, 122&@t22A; do.
do coupon, 1854 l173s@1lIh; do. do, coupon 1865,
11S%@11sz6, do. do coupon, 1865, new, 119%@120; ;
do do, coupon, 1867, 120@1216; do. do, coupon,
1868, 119z@12O: United states bs, Ten-forties, re-
gistered, 10s1(@0s2i; do. do, coupon 10916@109A
currency bonds, 1O6A(@10T.
'"rhe gold market was strong, with an advance on
extreme quotations from 13Ssz to 139. The rise
due to the rmer tone Of the foreign exchanges, and
particularly to the rate for sight sterling, which is
within very small fraction OF the specie shipping
point. The better quotation for bonds in London re-
sisted this advance, but Intellectually the home
market for Governments also improved and left no
margin between the domestic and foreign quotation
on which to make bond bills.
''rhe demand for cash gold was quite fair up to
Clearing House time, and the rate for carrying
ranged from seven to five per cent. In the after
noon the highest paid for carrying was four per cent?
while single transaction recorded at fiat.
This fact indicates large short interest, but the
Clearing House figures to-day show little desire to
add to this side OF the speculative movement"