The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-06-26
FINANCIAL AND CONNER CIAL.

i.
The money market to-day was more abundantly
supplied with funds, but the increased activity IN
stocks kept the demand quite up 10 the usual degree.
The general and prevailing rates during the earlier
hours were seven per cent, gold, on miscellaneous
cOiateras, and per cent, currency on govern
In fact the rate on the latter class OF secur-
ties has been generally at the legal figure, either in
gold or currency, throughout the monetary activity
OF the past few weeks. seven per cent, gold, is
equivalent to or per cent. so that when later In
the day, between two and three O'Clock, the period
during which there is larger inquiry the rate adj
vanced to u thirty-second per diem, it was only
a slight aggravatlon, l-32 beng about IL per
cent. Just three O'Clock was striking the
demand was confined TO two or three
borrowers who yet fingered on the sidewalk
front OF the Stock Exchange, and had to pay gold
interest The rate on call was therefore, more uni
form than 1t has been in good while. 1t luctuated
neither TO extreme figures on the one hand nor to
easy ones on the other. Commercial paper was
quoted at 10 per cent for prime double name
acceptances.
The government market was animated and stro NC
at the opening through continued strong market
In London for 1ve-twentes at the beginning of
ness there this morning, and improved at the noon
board IN response to the Grmer tone OF the gold
market This buoyancy was checked III the alter
noon by the decline in London. but holders were
firm and sellers few, the market closing steady and
dull at the following quotatons:-Unted States skies,
1881, registered, 1l6 III; do. do, coupon 12l1
1917; no.. five-twentes, registered 1l6sS ll62s;
do. do, coupon, 1862, ~ j. l22]5; do. do, cou
pom, 1854, 1865 ll1T: do do, coupon, 1865,
lis 1lSH; do. do, coupon, 1865, new, 1875
1l9'i; do. do, coupon, 1867, 1895 a 1l92i; do.
do, coupon, 1865 n914 1898; do, ten-iorties,
registered, 1919 10734; do. do. coupon, 1851
1881; currency bonds, 1868 1861.
Foreign exchange was steady until late in the ar
tern0on, when, under a rather active demand for
bills to he RENTED by to-morrow's steamers, the
prime bankers advanced their ates one-eighth per
cent-a step in which they rendered more confl-
dent by the fact that the afternoon quotation for bonds
in London had declined to SO3s SOL The following
was the range OF rates-SteI1ing, sixty days. COM
mercla, 1854 lO9}S; good TO prime bankers 1925
lO9%; short sight, 100 1lO1z; Paris, sixty days.
5.22h 515M; short sight, 5.15 a 5.13l6; Antwerp,
5.221s a 5.16A; Switzerland, 5.22t. 5.16l4; Ham
burg, 35i 352l; Amsterdam 3e's 4ols Frankfort,
40 40ss Bremen, rs 1884; Prussian thalers, 7O14
7lA.
In Southern securities there was feverish mar
ket for the Tennessees which were quite irregular
che new bonds declining at one time to 5514, but
subsequently recovering to $50. A great deal of
feeling is manifested concerning these bonds which
1t is openly charged are sold down by the state Off
Gals, many OF whom are now in town. The Missouri
skies were frmer, probably through effort to
cover speculative sales made upon the discovery of
the stock Jobbing nature of the recent seml-oicia
decision as to their payment in gold. The North Car
olinas were stronger, While the South Caro-
linas were noticeaby higher the old bonds
selling 1T SIS. The following were the
closing street prices for the Southern list:--
Tennessee SKIES ex coupon, 81 G2ll; do. DO, new,
IS $50; do. fves 81 57 Virginia SKIES, eX cou-
e In hn 10
do, registered stock, 4SaI a 49H: do. do
registered. 1866, 81 q SIS; do. do, regis
tered. 1867, So 54 Georgia sXes. "a a So;
do seyens 96 81; do. do, interest payable in
Georgia, 95 bid; North Carolina SKIES, ex coupon,
so a 59i&; do. do, new 55id a 55L; Missouri SKIES,
9lai %; Missouri Hannibal and st. Joseph 921s
Oh Louisiana skies, 72}i 1874 do evee SKIES 651i
SD; DO. do elghts, 81 IS ~; Alabama eights, 97
9s; do nves, 6214 Ga do. SKIES sterling, "a 81;
South Carolina SKIES 81 So; do. do, new, 1867 so
81 do. do, new, 1869, II -; do do, registered
stock, GO 6s; Memphis SKIES 81 521s; Atlanta
eights SIS 81; savannah sevens, 81 q Oh; New Or
leans consols rs II; do do, railroad issue, 20 III
Mobile Ohio sterling, 61 6s; 40. do. eighs. IS 60;
Mississippi Central, first mortgage, "A IS; DO. 40,
second mortgage, 90 a 81; Memphis ana Charleston,
first mortgage, 81 SO; dc. do, second mortgage, 70
a 49, do do., stock Al 49, Greenyiile and Columbia,
guaranteed, 60 4 6S
The gold market was in the main duh The range
in the price was from l37 TO 1879. The decline in
conso'S at London despite the lowering OF the dis
count rate OF the Bank OF England, is significant OF
rather apprenensive feeling IN the English money
market. 1t Is not easy TO conjecture It's cause unless
we start with the surmse that there is something
really critical in French politics. the eject of which
radates from Paris TO London. Cold strong
with the strength OF exchange. The course OF the
y,pica In fha