The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-10-17
since Jan. l$l44 1885, Ol IT'S $780, 1853
MONEY A A 8 A PER CENT.


since JAM 1.$1l4 1856 POI $780, s775 $751; 7o3 15e
MONEY 4 A 9 A PER CENT.
The money market was rather more active, par
tCularly In the interval just after two O'Clock when
there was pretty sharp demand at per cent, the
rate having gradually advanced from 4
per cent. The supply became bet
ter again before three O'Clock and loans
were made eventually at per cent, with more
money offered to the close on che same terms. The
bulk Of the days business in the loan market was
ut an average Of just per cent. Mercantile paper
was quoted at q II per cent discount for prime
names. The leading bankers made further
ADVANCE IN FOREIGN EXCHANGE
OF an eighth per cent the rates for sterling being
marked up to 100 for sixty-day and 11oH for sight
bills, with the actual business at the previous
nominal quotations. The market was very dull.
and the only buyers were those who could not
avoid making remittances. Naturally, the rate for
sight bills occasioned good deal OF speculation as
to whether Saturdays steamers would take out
gold but the whole matter Of shipments Of specie
will doubtless lie in allegiance long sixty-day
bills may be bought at 1857. With the bank rate in
London only per cent and money IN the street not
worth any more, the quotation Of l1016 for sight
sterling disproportioned to the rate for sixty
days to allow Of
SPECIE SHIPMENTS,
that s Of gold until the latter shall be the
equality OF the sight rate. There was nothing done
with the Bank OF England discount rate to-day,
contrary to the anticipations OF many who looked
for an advance and the chances for any alteration
At the regular weekly meeting tomorrow morning
are not strengthened by the cable advices OF the
prevailing quotations Of the London Stock Ex-
change this evening. Thus our fve-twenties OF
1867 close an eighth per cent higher, and Fries
they always use the plural in England, having ref.
fo mill ofc
strong and higher. The
LONDON MONEY MARKET
Ii not newly quoted-at least, as far as transpired
publicly in Wall street to-day; but there no
reason for believing 1t to be more active,
especially as the quotations already referred to
are supplemented by steadiness in consols. How
ever, the fact Of any alteration will be known
before these lines reach the eye OF the reader and
Wall street will have the news, whatever it may
be, before business begins. The following are the
closing quotations for exchange STERLING, sixty
days, commercial, 1881 1885; do, good to prime
bankers', 1854 100; do, short sight, 110k
IoK; Paris. sixty days, 5.a2h 5.27H; do, short
sight, 6.23x SEX; Prussian tnalers, IN q u;
Antwerp. 6.27K 5.22h; Switzerland, 5.2eA
$40; Hamburg, 351s So; Amsterdam, 40 4oK;
Frankfort, 4ok AZ; Bremen, e5 s5s.
GOLD FIRM-112X 11s 1l2X.
The gold market was firm, with an advance OF
quarter per cent, which was lost, however, in the
closing hour OF business. The first price was
112X, from which there was an advance to 113 on
the announcement OF the advance in the rates OF
foreign exchange. By noon rumors got about that
there would be an effort made tomorrow to
squeeze cash gold and the price moved up another
pont-to 1885,. AS the afternoon wore on the
foreign bankers began to disparage the chances Of
any further raising OF the Bank Of England rate in
the morning. and gold went of to and closed at
1921 in the
LESS CONFIDENT ANTICIPATION
OF such change Doubtless the frmer tone OF the
New York rates for bills on London inspired their
opinion. The outgoing steamers to-day took
$685., 14 in silver. The course OF the market is
shown In the following table,