The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1869-04-28
The New York Money Market.
From the Herald.

from Ihe HeFdlu-
''The Money market was abundantly supplied
during the earlier hours at per cent, which the
prevailing rate on all classes of call loans Towards
O'Clock more activity characterized the market and
per cent paid quite freely by those who had de-
layed making their engagements in the hope of OBJ
tanning loans at cheaper figures than ruled during
was also more active, and the best double names
pass at to 10 per cent The inquiry runs upon the
cent. money market in the early summer.
"Despite a lower quotation at London the Govern
ment market was quiet and frm and without special
feature. The scarcity of 62s renders quotations for
them somewhat nominal Thus at the close 1871 q
was BID for hall half % million while small lots were
more marked diversion OF the foreign investment
demand to the 67s which, under the continued pres
fact just narrated, advanced TO 116.
'In Southern securities the North Carolinas were
the feature advancing TO BY, reating to 66A, and
returning to 81. The State Treasurer was in the
city to-day making arrangements for the payment
Of the past due January and April interest. The
bid, with no bonds Offering. The Georgia sevens
touched 95h, which was bid for very large amounts
The city savings banks are the chief inquirers for
the latter two State securities. The tone OF the
whole list was firm and buoyant except for the Vir
OF Congress.
Foreign exchange was suddenly firmer under the
demand for bills which, with the absence of cotton
bills and the limited supply Of bond bills are scarce
The market at the present time is dependent to a
great extent upon the supply OF bond bills; but as
the prices of Governments on this side are so much
higher than in London, no margin is left for ship
ment, and exchange is thus deprived OF one source
OF supply. This was the secret OF the advance in
rates to-day. Towards the close the market was less
firm, owing to the eXtravagant rates for borrowing
gold, for the use OF which as high as 4 OF per cent
was paid until tomorrow. The following was the
range Of quotations STERLING sixty days,
cial, 1oS@10s% good to prime bankers, 10sA@1O9;
517H short sight, 51S1s@525; Antwerp 52329
51s3; switzerland, 52894@51sA Hamburg, 5232@
4oal Bremen, 7726@7sN; Prussian thalers, 70X
@711."
From the World.
''The money market was more active to-day at
to per cent on call, but the supply was abundant
and in excess of the demand. The activity was
caused by the locking up OF gold and the increased
demand for lawful money to carry the gold and
withdraw it from the market. The banks continue
to gain currency from the interior Prime business
notes are in demand at to per cent
'The gold market opened at 1887, advanced to 1874,
and closed at p. M. at 1885. The rates paid for
borrowing were 1-64, B. q nat, 1872 81, 1-i6 s-s2,
a. 9-1G, and h per cent After the board adjourned
the quotation was 1887 at $50 p NJ Gold was
made scarce yesterday by the lockng-up of a large
amount by some heavy operators. On Thursday,
government Will sell by public tender 81 100000 In
gold, which can and doubtless will be placed on the
market that same day, that it is not likely the
today The Assistant Treasury paid YESTERDAY
100000 OF gold checks dated NAV for the interest
on on bonds me heavy amount of gold coming upon
Ihe harket mas checked the movements or the Dull
operators.
1.-The Stock market was buoyant and advanced,
with very large transactions in the leading stocks
New lork Central, the Northwest shares on the re,
port OF cash dividend to be paid on both stocks and
the 81. Paul shares were active and strong. In
Northwest preferred over $4,000 shares have been
transferred to European holders. New YORK zen.
Tal was sold as high as 15as Hudson RIVER Mem
Harlem, l4SA Reading, 962S; Wabash, Ia; Mohl- Null
gan Southern, 1OlK; Lake Shore, 1908; Rock
Island 1874; Fort Wayne, 1S9; Northwest comilol .
s6A; preferred, 9s; st. Paul common, lIA; pre-
ferred, s6sI; Pacific MAIL 959s Western Union, 4S7s
and Marposa preferred, 48K. The express STOCKS
advanced in the morning. but closed lower. SonLh-
ern securities were buOyant and advanced inc
&. rcya. p;arl.t :l.sed str:ng.'