The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-07-28
FINANCIAL AND COMMERCIAL.
TUESDAY. July 27-eP. N.

TUESDAY, July 27-6 NJ.
The remarkable proposal oil q foreign banking
arm to lend the government $500, 100000 led 10 q
stronger feeling In tho market for government bonds,
and the opening prices, which were strongly aided
by the recent advance In gold the highest ever
made The CPS sold at 124 124is, while tho CTS
touched 12iA. Later In the day, with the yielding
In the gold premium and upon the circulation OF re-
ports that Secretary Boutwell, would condne his
purchases after this month to those for the sinking
fund, there was decline, but the market rallied
upon the denial OF these reports aud upon the
nrmer closing Of gold. The foreign market does
not encourage speculation, the price III London
going OF TO s21 but recovering to S21s.
The following were the closing street prices at
Ave O'Clock this evening;United States SKIES 1881,
registered I2lh q 1872; do do, coupon, 1917 100;
d0 nve-twentIes, registered, 122 1924; do. do,
coupon, 1852, l231s l24 do. do, coupon, 1854,
122A 1925; do. do, coupon. 1866 1224 1221l;
do. do, coupon, new, 1865, 12l 1915; do. do,
coupon, 1867 12l 1915; do. do, coupon, 1855,
1907 1211s; do. tenfortes registered, l1l7s 1l2;
40. do, coupon, 11l2s liz; currency bonds 1854
o 1854.
portion OF the new issue of greenbacks will be
ready about the LIST Of September. The one dollar
notes will have vignette OF Washington and rep
reseptation OF the discovery Of America by Column
bus the face instead Of the vignete Of Chief JUS
tice Chase, as on those now In The two dollar
notes Will have vignette OF Jefferson and view OF
the Capitol instead Of the vgnette OF Franklin on
the present ones. The plates for those notes have
already been engraved at the Treasury Department.
The backs of the zones" will be printed by the Ma
tiona Bank Note Company aud those Of the "twos'
by the American Company OF this city. The designs
Tor the new lves, tens, twentes and other den0mi-
nations have not yet been determined upon.
The money market was steadily supplied at five
to seven per until just before the close OF bank
the demand among tardy borrowers, and seven per
cent was freely paid all around. Commercial paper
was quoted eight to twelve per cent.
Foreign exchange was weaker, and the prime
bankers more uniform IN their quotation of sixty
day sterling at ITO 1lOh The following was the
range Of Notwithstanding, sixty days, CONNER
clal, 1O9A 109A; good to prime bankers, 1ooT
. 1101S; short sight, 1909 1l0ss; Paris,
sixty days, 6lsH 513a4; short sight, 5.12}s
SIX; Antwerp 61sA a 5.13a4; Switzerland,
5.1sX a 513X; Hamburg, s5,s 80; Amsterdam,
COX Ao4; frankfort, 4OA 4o7s; Bremen, 1871
Tx; Prussian thalers 7o1k a TX.
Cold was irregular and excited. Sales at the
opening were reported as high as 1874 From this
figure there was steady decline to 1861, upon the
weaker tone OF foreign exchange ana the discovery
that the Hosatla had only $4,000 for Europe and
that the engagements for tomorrow were light.
The decline In bonds abroad to s24 produced reac.
ton to 1914, but the market closed weak at 1877.
The range Of the price Is shown in the tablet