The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-07-16
FINANCIAL AND COMMERCIAL.
THURSDAY, July 15-8 r. NJ.

THURSDAY, July 15-6 r. NJ.
Tue money market was quiet and steady at seven
per cent. The demand moderately active, but
was fully met at the legal rate; no exceptions above
or below this figure were reported. though 1t Is
probable that few loans on government coliateras
to prime houses were made at SIX per cent Com
mercial paper was dull, with the dscountlng rate
ranging from nine TO twelve per cent. Much uneasi-
ness was felt at renewed reports that warrants OF
arrest had been issued for those implicated IN the
recent usuri0us operations.
Foreign exchange was maintained at drm rates,
and 1t an advance Of an eighth per cent for sixty
day sterling, owing to the easier condition OF the
London money market. The range OF rates
was as Notwithstanding, sixty days, CONNER
ciai, a0s4 lo9%; good to prime bankers, lo92s
u IlOh; short sight, llOaS 1lO5a; Paris. sixty
days, 51sz 6.12h; short sight, 5.l2}1 5.10ss;
Antwerp 6.1sal 5.121s; Switzerland, 6lsl< 5l2k;
Hamburg, 353S a SO; Amsterdam, 4Os q 40%;
frankfort, 4oh 4oA; Bremen. 1871 7s4; Prus-
sian thalers 7o7s ia.
The anticipation OF the government purchase for
the sinking fund as well as the reduction Of the
Bank OF England rate OF discount produced strong
market for government bonds at the opening, and
the 67's sold as high as 1903. The large amount
offered at the Sub Treasury led to weaker feeling
later in the day, but the advance In London to S2n
checked the decline, and the market closed steady
at the following street quOtatOns:-Unted States
skies, 1881, registered 120a4 12l do. do, coupon
1908 a 1871 do, Bve.twenties, registered, 12lH
122; do do, coupon, 1862, 1884 124; do do. cou-
pom, 1884, 121z q 1922; do. d. coupon, 1885, 1914
122; do do, coupon, new, 1865, 1904 1903 DO d.
coupon, 1857, 1904 1905; DO. do, coupon, 1868,
12oH i203f; do. tenforties registered. 109A no;
40. do, coupon 11oA 1lOs; currency bonds, 1875
1917.
The proposals of bonds for sale to the government
at the SubTreasury to-day embraced total OF
$685. 000 The lots accepted follows, at the
prices specifed:-$40,000 600, 1857, coupon, 1920;
$780, 900, 1887 coupon, 12O17 $3.50 OOO 1867 coupon
1908; $25OOOO 1857 12O.1o; 100000, 1885, coupon,
1000; $50, 900, 1885, coupon, 1920
In Southern securities new North Carollnas were
heavy ana lower while the new Tennessees and the
Stock Exchange were:-Tennessees, ex coupon,
62x s2'l; do, new, 5e1z 5SE virginias, ex
coupon, 81 58; DO, new, 81 81; Georgia skies,
81 s3a<; do sevens, 81 92at; North Carolina, OK
coupon, $50 5S}s; do, new, 4sA q 4sh; South
Carolina skies, new, 861s 61 Missouri skies, SIX
SO; do. st. JOsephs, 891s 80; Louisiana SKIES 6S1l
do, levee skies, 66al; DO do. Fights, So; Alabama
elghts, 981I q "a.
The gold market was heavy and weak in response
TO the reduction OF the Bank OF England rate OF
discount to three per cent and the Improvement in
Avetwenties at London. The price slowly declined,
without excitement, to 1861, nom which 1t reacted
fraction at the close. The Hansa for Europe took
out $520, 900, and the Eagle for Cuba $40, 900 in
specie. The disbursements Of coin interest
amounted to 1882, 242 The course of the market
was a. fOllOWs:--