The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1869-08-12
THE NEW YORK MONEY MARKET.

=, Tne efolowing extracts show the state of the New
1orK money market yesterday
From the N Y. Herald.
The second Of the government purchases for the
III Vnen vi august OF dve-twenty bonds as per order
OF secretary Boutwell, OF the I'd inst, was made to-
day by Assistant Treasurer ButteT1eId Pronos ale
10 sell were submitted by twentyseven houses i'm the
oe 'e a o oaggFaegate amount offered reaching the
OF the offerings on last Wednesday WV"
"A further purchase of 900 on account of the
slnhlng lunu VIII Oe made. The effect of the large
offerings made the Government was felt in the maT
ket to-day IN rather sharp reaction In the prices Of
the national securities from the high figures at which
they have been held for some daGs past Nor was
this confined to the fve-twentes but was shared nv
the other issues, the entire list falling of to 4 peT
cent. In the afternoon the market was somewhat
improved on the ten-orties and currency SKIES but
the tve-twentes were mostly at their lowest late
in the day, and dull The following were the the
closing prices at five O'Clock limited States 6s
1881, registered, 123k@l24; do. do coupon, 1232iS
coupon, 1862 34@l24; do. do, coupon, 1864,
12256@1227S do.dO., coupon, 1865, 1222i@122zS; do
pom, 1867, 12l2@1212S; do. CO., coupon, is6s,
12,H@l214; do. 10 40s, registered, 1ll6@112:
do. do. coupon, 142t@115; currency bonds ilO3S@
"1'he money market is beginning to exhibit signs
of that disturbance in the monetary ease of the
great Eastern financial centres which results from
the yearly tidal euX of currency to the agricultural
districts to aid in the movement of their staple pro-
ducts. Already the banks report shipments of cur
rency to the Southwest although of small amounts
Cincinnati being the principal point as yet to which
these shipments have been directed, which may
be regarded as indicating the inception of the
grain movement in the middle and border States
AS yet the sums called for havebeen too nconside-
rable to exert any influence upon the market here
and with the heavy disbursements of the Treasury
for the next two weeks on account of bonds pur-
chased, are unlikely to be felt for some time. The
demand for currency to-day easily met at pre-
viOus rates on call loans, although transactions
at i've per cent are beginning to be exceptional
and six and seven per cent. may be regarded as
the ruling rates. Discounts are dull at from to
per cent.
"1he gold market was dull to-day, with further
decline in the premium. The price opened at 1854
from which it fell of to Is, but rallied again to A.
continuing steady between these figures, 1851 to
1851, until after two O'Clock, when it touched 1881,
falling Off later and closing in the room at 1885,.
After the adjournment OF the board the price fell of
to 1885, and, with intervals of recovery stood that
figure at the close of business In the loan market
the rates for carrying indicate an increase of the
short interest," ranging from five and half down to
three per cent. before Clearing House time. Subse-
quently five and seven per cent were paid.
"Foretgn exchange is dull and unchanged in
rates, the produce bills expected upon the late
heavy purchases made on foreign account, as it
was stated not having made their appearance
in the market We quote: - Sterling sixty
days commercial, 1O9A@iO9}l; good to prime
bankers, 1097S@I06 short sight, 11O}a@l1O%;
Paris, 60 days, 5lS4@5132i; short sight, 5I2KG
511h; Antwerp, 51SA@51S3i; Switzerland, 51S4
@5134; Hamburg, 85h@355s; Amsterdam, 4OA0
4O2l; Frankfort 4Oh@407s; Bremen, 7SE@79A;
Prussian thalers, 70E@nA."