The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1869-08-06
THE NEW YORK MONEY MARKET.


Thefollowng extracts show the state Of the New
York money market yesterday
From the Herald
''The first OF the August sales OF gold made
to-day by Assistant Treasurer Buttereld, pursuant
to the order OF the Secretary already published The
aggregate bids were s4,400OOO, at prices ranging
from 1850 to 1868 The last bid was made for the
entire amount Of S1,00OOO0 announced TO be sold,
and was Of course being the highest, accepted.
This figure reflected the trmness OF the premium in
the Gold Room, where itHOpcned at 1885, early adj
vanCed "a, whence it reached subsequently to 1855,
but speedily recovered, and at noon was 1855.
This hardening of the premium was likewise ac-
companied by Increased activity consequent
upon adyices from Europe indicating growing
anxiety i'm the money centres there regarding excl
ting political complications in Spain and Egypt a
decline of n to % in cOnsOls and disappointment In
the expectation INDUCED i'm that the Bank OF Eng
their meeting to-day coupled with rumOrs OF pro-
bable drain of specie from England towards the Con-
tinent aud lower quotation for our own bonds
abroad aided TO give force and influence to these
fears in this market I'm the afternoon gold touched
1867, but fell on LATER and closed in the at
l3t subsequently to the adjournment of the Board
1t leceded to Il, but rallied again, ana at the close
OF business 1865.
"lhe money market worked TODAY without new
features, the extreme rates call loans being and
per cent, with tie larger number of transactions
at 4 and :, although sufficient occurred at on GOV
ernments to render them more than exceptional.
Prlme discounts range from to per cent
Foreign exchange Is somewhat trmer, and while
rates remain unchanged bankers no longer allow
the l-l6 brokerage. The Iatr rapid appreciation Of
bonds i'm this market in consequence of the Govern
ment purchases ano The growing scarcity OF five
twenttes thereby resulting, has placed this market
in such relation to Europe on some Of the issues
to favor shipments nihcr IL is reported that bonds
were bought ia Europe yesterday aud this morning
on New Nork account, which Is not I'm likely,
in small amounts, aud this has had It's
influence here upon both the exchange and
gold markets. Any eTOrt at large purchases, how
ever upon the same account would soon restore
tie former relations Of the foreign and home mar
ketS. These are not, therefore, much apprchendcd.
we quote previous rates as Understanding, 60
days commercial, lO9b@l099{; good to prime
bankers, 109}tmll0; short sight, 110h@t10H !;
Paris, 60 days, 51Ssf@5132t; short sight, 513&Gg
511A; Antwerp, 51sE@51aa&; Switzerland, 51s4
4O1t Frankfort, i9l@40%; Bremen, 7S25@19A {;
PIussan thalers, 10lC3T1b."
Governments opened this morning with renewed
activity, with advance upon the closing figures Of
last night i'll 6is, both 65s and 6'5, the other five
twenties and 81 s being steady The ten fOrties and
currency skies were strong and still prominent fea-
lures Of the list. At the noon call 62's and 65s were
offered at concession of la and 6s held "a higher
The other Ve-twenties were steady, without change
The ten-fOrtes We're still i'm demand, and higher
for the coupon ISSUE with no offerings Of
registered at ll2% bid Currency bonds were
firm At the last call 64s, both G5s, 6Ts, and cur
renCy bonds were offered at = less. The other
issues were without change. The market continued
closed steady on these issues, excepting 1888 and
1868, which fell of another a. The currency SKIES
and 1SGSs reacted ami the Ten-fOrtes advanced.
| The ISIS were weak ~ the close. The following
the prices ut five uclOch limited States IS,
1851 registered. f244@Jl2,; DO. do coupon 12il(6
coupon, 1862, 12+tsd9l25h; do do, coupon, 1864,
| 123zS@l24; dodO., coupon, 1865, 1237s@l24; do.
! do,cOupon, new, 1865, 122]6@1232a DO do, cOu-
| pom 1861 122 5Gl22&; do. co.. coupon, 1868,
! 122h@l2255; do. 10 +0s, registered, 1l2@112H
DO do, coupon, 116S@ilG76; currency bonds, t11A@