The New York herald., 1870-09-23
FINANCIAL and COMMERCIAL.
WALL SrREBT,
THURSDAY. Sept. 22-6 p. MI
MONEY EASY,


The csole announces that the Bank Of England re-
turn for the present week shows the largest Increase
in bullion for two years. The statement comes
simultaneously with the sale In Wall street Of large
amounts OF sterling exchange by the Canadian
banks. In other words the floating capital Of Eu-
rope Ia steadily coming to this country through the
channel Of the English money MARKET London s o
vast banking house. on which the capitalists who
ARE investing IN American enterprises sending
us their drafts. The money Is lying subject to our
order as fast as we are willing to exchange
reliable securities and merchandise. 1t Ia easy,
therefore, to understand the
DECENTRALIZATION OF FOREIGN EXCHANGE,
the market for which was supposed to be conva-
1escng after the recent large sales OF bills by the Ca
madam banks, who are simply the agents for trans
derrtng English funds this centre. While the n0mt
mai quotations follows, actual sales Of prime
sering occurred at 1o8 Tor sixty days and ll0X for
Yght bills:-Sterling sixty days, commercial 10SM
l1O9H; good to prime bankers, 1921 109X; snort
sight, 1lOA a11OH Paris, no quotations Antwerp,
bankers. $40 6.laA; Hamburg. do, 35X 80;
Amsterdam, do. 4oh 4o&; Frankfort, do, 4ok
AK; Bremen, do, 7s1l 794 Prussian thalers. ny
p72h.
GOVERNMENT BUYS THREE MILLIONS BONDS.
The next influence anecting the markets to-day
WAS the increased purchase or bonds-the Assist
Eant Treasurer, In obedience to instructions from
Washington, accepting three Millions instead OF
yOnly two, stated in the of1cial advertisement.
The proposals were very numerous, reaching forty.
two ana embraced total of about $s 750 600 bonds
The extra purchase is again taken to signify that
fhe Treasury Department are in accord with General
Grant in so administering the finances that the
Treasury opera shall favor the activity legl
mate business throughout the country In the present
season. the prospects for which have already opened
30 nattelingly.
GOVERNMENTS STEADY.
The government market discounted the extra
purchase as early as the session Of the first board
when the highest prices of the day were made.
The cable reported o nat market for our securities
i'm London, despite the easier situation Of the gen.
cral money market there. the inconsistency being
attributed to fears for the result OF the
negotiations for peace. These facts and the large
offerings at the Sub-Treasury induced decline
From the morning boards prices, the large supply
on the market being the result 1t conectured OF
"a slow process OF realization on the part Of cOrpo-
rations and individuals exchanging government
bonds for the low priced railway mortgages and
Bimar safe securities. The market closed steady as
follows-United states currency sixes, 111X I11K;
do, 1881, registered, ia lax; do. d., coupon
1i4 1l4K; do. nve.twsnies, registered, May and
November, 111'l 112; dc. do. 1852, coupon, do,
1l3 ll3X; do. do, 1884, DO. do., 111X l12H
do. do, 1896. do. DO, 112H ll2,f; do do. regis
tered. January and July, l1oes 1lOX do. de 1856,
coupon, do, 11ox lloX; do. d., 1857, do. do,
110A 110X; do. do., 1885, do. do, 1l0< Ill; do.
ten-fortles registered, 1867 lo7s; do do, cou-
pom, 1867 1918.
GOLD wEAK-113X A 113Z.
The gold market was firm in the forenoon and the
price strong at 1881 113X-the result OF quiet
buying movement on the part OF some OF the
'bears," who had grown tired Of paying for Dor.
r0wed gold and OF the inactivity Of the market the
closing up OF these contracts producing change in
the loanng date, which went from the borrowing to
The carrying column. Late in the day the price fell
10 1888, IN sympathy with the Generalization of
Exchange and the natterng reports Of the condition