The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-08-03
E FINANCIAL AND COMMERCIAL


Of gold during the current month. This announce.
ment was made early in the day by bulletin posted
In the Treasury Building, and was to the following
eject
The purchases OF bonds for the account of the
Treasury during August will be as follows:-
Angsus, ~ ESS am
August u sinking fund.- ................. 100000
angus, a'oo oo ooo
August 20 isinkng fund. 100000
The gold sales VIII be as follows:-
august o....... 0O0 wy
Bonds sold must be delivered the day following the
SALE In case OF failure to deliver the bonds by bid
ders within the time specified they hey viii be pur.
chased IN the regular market for account Of the
bidders.
This last provision which is simply the application
Of the rule which prevails on the Stock Exchange to
these transactions appears to have been forced upon
the subrreasurer by the neglect of Of the sell
ers upon the occasion OF the last purchases BY tho
government to make prompt delivery, to the great
inconvenience OF the Sub Treasurer, and the dis.
turbance Of his accounts. Much indignation
was felt and no uncomfortable amount
expressed at the proof presented BY the concurrence
Of the published programme Of intended sales and
purchases for the month with the statement that
had been made In certain quarters some days ago a.
to the future action OF the Secretary, Of betrayal
by somebody Of important information, whether
through careessnes or interested motives matters
not 1t Ia very clear that the parties who have been
buying I've twenties recently, assigning as their
reason for SO doing Just such intentions
on the part OF Secretary Boutwell, as he to-day
made oficially public, were not acting upon mere
surmise. How or through what source they derived
the information upon which they based their opera
tons ID matter concerning which the mass OF deal
not thus specially favored desire information. 1t
G h
betrayed the pledge he gave the street early in his
administration, that he would not permit himself to
be used for purposes Of speculation although
there are not wanting presidents for sucn
unpatriotic conduct on the part Of even
as high an officer but 1t is clear
enough to the simplest comprehension that either
some one very close in his confidence is betraytng
1t or he is more careless in guarding the secrets Of
his ONCE, OF such moment, than Is becoming one
holding 30 high trust. Whatever the situation or
wherever the leak is 1t behooves him II he values his
reputation to look into IT and secure q reform.
This announcement OF the Secretary's having been
already discounted, in consequence OF its unoflcial
publication upon such apparent excellent authority
as to be almost undsputed, failed to exercise
any considerable effect upon the market to-day
other than an advance Of u to n per cent at the
morning coll upon the closing prices Of Saturday
ulBut 1ue teu-IOTtleS anu Tue currency pOuuS,
which are not incu ded in the Treasury purchases,
were the leading features Of the list the former ad
vancing to 116 116A for coupon and the latter TO
111H 111h. The demand Tor these issues continued
throughout the day largely from banks. while it is
said the supply in the market Is small. The i've
twenties. on the contrary fell on slightly IN the
afternoon upon q decline In London from s3X to
sax. The following were the closing figures at five
OclOck:-Unted States SKIES, 1881, registered, 124;
do. do, coupon, 124; do. fve-twenties registered,
123T 123x; do. do, coupon, 1862, l25k 1851;
DO. DO, coupon 1884 1881 123a<; do. do, coupon.
1865 1885 123A; do do, coupon new, 1865, 1925
a l221s; do. do, coupon, 1867, 1921 1222k; DO.
DO, coupon, 1868. 1921 122x; do. ten.forties.
registered 1l2 112A4; DO. do, coupon, 1l6 ll61;
currency bonds, lllx 1l11z.
The announcement Of the treasury operations in
tended for the month, which will place upon the
street balance of nine and one-half millions,
caused an easier feeling in the money market early
to-day the ruling rate call loans being five to six
per cent, and prime discounts seven to nine per
cent. In the confidence felt Of this increased ease
continuing many brokers delayed In making up
their balances until late in the afternoon, which
caused little sharper inquiry towards the close,
and transactions are reported after banking hours
at seven per cent.
The gold market was remarkably dull to-day and
free from speculative excitement. The premium
opened at 1854 and advanced during the day to
1859, falling OF again during the session OF the
board to 1861. The bulk Of the transactions In the
room We're at 1864 and 1851, with somefew sales
at 1857, the dealings at the extreme figures being
exceptional. After the adjournment Of the board
the premium declined to 1876, and later to 1851,
between which figures 1t remained steady until i've
O'Clock, when 1t touched and closed at 1867. The
report that bonds were "a in London, Is an
uneasy feeling growing out Of want Of confidence
In recent bond specuatons almost caused the strong
undertone which prevailed In the market most OF
tile day. Referring to this subject an evening paper
OF to-day says:-"This want of confidence il be.
ginning Il show itself in discrimination among
the leading foreign bankers against bills Drawn
against shipments OF bonds Foreign advices repre-
sent that the rise in fve-twenties at London and
Frankfort has been encouraged for the purpose Of
unloading very large amount OF stock being
carried by dealers there. The effort appears to be
most active In London, and has reached Frankfort,
sending a considerable amount OF bonds there SO
that Frankfort exchange now rules against London"
The rates for carrying while rejecting the ease in
the money market, yet shows considerable short
interest transactions ranging from ~ to per cent
The disbursements OF coin interest to-day amount to
s149,4 43
The following table shows the range Of the gold
premium during the day, and its prices at stated
hours
10 A. M........... 136H 3 P. M............. 1861
IL A. M.......... 1891 $3.50 7. M........... 1857
1l:23 A. M......... 1865 p. M.............. 1876
IL M.............. 1867 4:30 p M......... 1861
p. M............. 1861 6P. M.............. 1854
=. M. 1904
The following is the report of the Gold Exchange
Bank for to-day-Gross cearings s43, s73 900; gold
balances $l5s4s72; currency balances, So 1903, 5ee.
Foreign exchange Is quiet without new features.
and closed steady at previous rates. We quote:-
Sterling, sixty days, commercial, lOok l09x; good
to prime bankers, 1oeA l1oX; short sight, llok
q 1lOx; Paris. sixty days, 5lsA 5la,< short sight,
5.13x SILK; Antwerp, 61SA 5.13x; Switzerland,