The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1869-08-13
THE NEW YORK MONEY MARKET.

Thefollowing extracts show the state Of the New
York money market yesterday
From the NJ Y. Herald.
''The ball opened this morning in the Gold Room,
where the first sales were made at 1855. BY persist
ent hammerng and free speculative sales based
upon the assumption Of early and large returns of
the cotton and grain crops the premium was rapidly
forced down through the several figures and irac-
tiona quotations to 1884, which it touched about
O'Clock. From this it rallied, purchases made to
cover the short sales of the morning. to 13i, falling
of again to 13Ih and nuctuating for some time
between that figure and 1874 AZ at which it stood upon
the formal closing OF the room. subsequently 1t
ranged between "a and = until O'Clock, when, in
the generally improved status or the bulls, 1t stood
13i19. The putting out and covering Of the short
interest is exhibited by the rates paid for carrying
which early in the day were as low as ~ per cent,
and ranged to 61l during the morning hours In the
afternoon per cent. was paid The dongS Of the
Gold Exchange Bank show an increase of the recent
average days transactions, as foows:-Gross clear
ings, SLICE @OoG @ gold balances, s2375 currency
'The success met with in the Gold Room aided by
the feeling OF weakness produced in the market yes
terday by the large offerings made the Treasury,
rendered It an easy task for the bears to produce
decline in the Government market which, in conse-
quence Of these circumstances, opened weak and
heaVy at to per cent lower than the best prices
OF yesterday. At the noon call, the same influences
continuing to operate, the market was still weak,
and as compared with the morning call 62s were
offered az = less, Gas and 67s "a, Old 65s q, and now
65s q. Registered lC4Os were offered one per
cent less, and the coupons y currency bonds n
6es exhibited better inquiry, without offerings.
The principal sellers were the stock houses, which
bought recently upon advance information of Mr..
BOutwels programme Of Treasury dealings for
August, now acting under apparent great fear oI
being severely twisted by the government houses
that they can outbd In the interval to the last call
the proposals submitted to the Assistant Treasurer,
in response to his call for $1,000 600 on account
OF the sinking fund, having been opened at noon
and found 70 amount to only two and one quarter
millions S3, 25S SOO) tue market became much hrmer,
and at the last call reached to nearly the opening
figures and continued steady during the rest OF the
day, closing firm at the following figures :-United
States 6s Ss1 registered, 123@128H do. do, coupon,
123@123% do 5-20s, registered, 122H@l22H do do,
coupon, 1862, 123sS@l23zs; do. do, coupon, 1864,
122L@1222i; do. do coupon, 1865, 1224l912234; do.
do, coupon, new, 1863 12lh@12136.
''lhe following were the proposals accepted by
Assistant Treasurer Butterhed to-day for the pur-
chase by him Of 81 100000 bonds on account of the
sinking fund:-S4OO0 1862, registered, 1885, $4,000
1865, coupon, 119S3 $4,000 1864 registered, 1888;
$4,000 1S64 coupon, 1888; 100000 1865, coupon,
1883; $4,000 1865, registered, 11973 s1 900 1862,
registered, 1887; $4,000 1862 registered, 1890;
100000 1864 registered, 1890; 100000 1865 regis
tered 1890; S20O,O00 1865, registered, 1890;
S336,000 1861 registered 1890.
1.-THE money market worked without new fea-
lures to-day moderately active at six and per
cent. for call loans Governments and stock col
laterals respectively. Commercial paper is quiet,
and prime names range from to nine per cent.
'FOreign exchange is firm on the basis Of sterling,
sixty days, 1o9A lO9}i; bankers, good to prime,
lO9%@11O16; short sight, 1l0&@110S; Paris, sixty
days. 51s&@5I32i; short sight, 512E@511A