The New York herald., 1869-08-26
FINANCIAL AND COMMERCIAL
WEDNESDAY, August 2S-s p. y

WEDNESDAY,, August 2S-e P. NJ
The money market although still abundantly sup
piled owing TO the general preference the part OF
capitalists to employ their funds on call, was shade
more active towards the close Of banking hours this
afternoon. Up to this time tn rate even on misce-
laneous coaterals had rarely exceeded seven per
cent, but under the better demand for money arising
out OF the buish" tone TO operations on the STOCK
Exchange the stock houses were larger borrowers
than for some time past and seven per cent was
more freely paid. 1t should be sfaed III
this connection that the Treasury dsburseo
the money In payment for SSS,73o worm
OF the bonds accepted at the government
purchase to-day. The balance, amounting 10
over a million and half OF dollars VIII come
upon the street tomorrow, when also part payment
VIII probably be made for the sl.ooo,ooo Of bonds
then to be retired for the Sinking Fund. Payment
si tho bonds purchased to- day will be made two
thirds In legal tender notes and onethrd In national
bank notes. The Assistant Treasurer General
Butter0eld, is very desirOas OF accommodating the
merchants and the community generally. We have
had occasion already to approve OF the reforms In
htituted In the Treasury building Another with re-
ference to the payment Of government interest," one
much needed, has just been made. General Butter
Aeld has arranged that the registered coupons due
September shall be paid In the room facing on
Pine street instead OF In the Rotunda and that seats
day authority was granted for the further
transfer of gold on San Francisco account. the
amount being one million dollars. The sales OF bills
20 procure gold for this transfer were rejected in
the weaker character Of sterling exchange,
few PRIME bills selling out OF second hands as low
as 109H for sixty days ana 1921 for sight, although
tho nominal quotations wore from 1921 lOoX for
the former and 1927 110[ for the latter class OF
bills The increasing exports each week and the
very doubtful amount OF our Indebtedness to Europe
on last years. business, as shown by the statistics
IN the Bureau at Washington, leave the market
without strength The failure OF a produce 6rm was
reported to-day but no statement was given OF their
liabilities.
Government bonds were strong in response to the
further purchase by the government the offerings at
the Sub.Treasury amounting TO less than four mil
Hons Their frmness was main tanned late In the
day despite the sharp decline in Europe, and the
market seems to repeat its customary practice OF
holding its own in he face OF foreign decline, how
ever much 1t may advance when quotations abroad
Improve OF course the higher price Of gold had q
great deal to do with sustaining prices but
che general undertone OF governments is strong
on account Of the present programme OF
Treasury purchases and an expected contiuu.
alton thereof next month. The following
were the closing street prices this even,ng-UnIted
States skies, 1881, registered. l22X 12S; do DO,
coupon, 123 1231S; do. nve-twentes, registered,
121X 12lX; do. do, coupon, 1862, 1913 q 12Sn; do.
DO, coupon, 1854 1915 1925 do do, coupon, 1866,
12lX l22; DO. DO, coupon, new 1855, 1908
I2Ox; do do, coupon, 1857, 1909 12l; do do.,
coupon, 1858, 120h 12O3l; do ten'fortes. regis
tered. Ill Z; do. do. coupon, 1145s 116; cur
rency bonds ITO O 11ol6.
The purchases made By the government today