The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1869-07-28
NEW YORK MONEY MARKET.

The following extracts show the state OF the New
York money market yesterday
From the Herald
"The remarkable proposal Of a foreign banking
firm 10 lend the Government $780, 900 led TO
stronger feeling in the market Government bonds,
and the opening prices, which were strongly aided
by the recent advance in gOd were the highest ever
made The 62's sold at 12461241S, while the 67s
touched 121A. Later in the day, with the yielding
in the gold premium and up N the circulation OF re-
ports that Secretary Boutwell, would conGne his pur-
chases after this month to those for the sinking
fund.- there was decline, but the market rallied
upon the denial Of these reports and upon the
trmer closing OF gold. The foreign market does not
encourage speculation the price in London going of
were the closing prices at 8 o'clock this even
ing:-United States 6s, 1881, registered 12lH@
1872; do. do, coupon, l2l1s@122 do. 5-2Os, regis
tered l22@122A; do do, coupon, 1862 1880
l24; do. do, coupon 1864, 122A@122H; do. do, cOu-
pom, 1865, 1z21l@12219 do do, coupon, new, 1865,
i2@12l]5; do. do coupon, 1867, i9i@i2lJ&; do.
co. coupon, 1868, 120H@2t% do. 10 40s, registered,
lll%@l2; do. do, coupon, 1llz@1lS; currency
"a portion OF the new issue OF greenbacks will be
ready about the LIST OF september. The one dollar
resentation of the discovery OF America by Column
bus on the face instead of the vgnette OF Chief JUS
ttce Chase, as on those now in use The two dollar
notes will have vignette OF Jefferson and view Of
the Capitol instead OF the vignette of Franklin on
already been engraved at the treasury Department.
The backs OF tue ones Will be printed by the Ma
tional Bank Note Company and those OF the twos'
by the American Company OF this city. The designs
for the new hves tens twentif s, and other denoml
nations have not vet hepn determined upon.
''The money market was steadily supplied at five
to seven per cen. un juU before the close OF bank
ing hours, when there was considerable activity in
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 to 11O@11OA. The following was the
range Of Notwithstanding, 60 days commercial,
109l @l0924; good to prime bankers, 1O9zs@l1O'5
short sight, 11096@110%; Paris, 60 days, 51SA@
5139i; short sight, 512H@511A; Antwerp, 5IlSA@
5134 Switzerland, 51S4@513A; Hamburg 35X@
&c. Amsterdam, 4O1a@4O%; Frankfort, 40A@G40Is
Bremen, 7S19@79A Prussian thalers 704@n4.
"GOld was irregular and excited. Sales at the
opening were reported as high as 1879. From this
figure there was steady decline to 1867, upon the
weaker tone Of foreign exchange and the discovery
that the Holsata hau only S210,000 for Europe, and
that the engagements for tomorrow were light
The decline in bonds abroad to 92h produced
ton to 1875, but the market closed weak at 1877
"Cash gold was heavier, and the rate for carrying
ranged from 3 to per cent. After Clearing House
per cent. was paid for carrying"