The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-06-15
Negotiations for Refunding the Debt in Europe
Independent Of The Treaty Complications.
UNION PACIFIC AND ERIE RAIL WAY TRAffI(
Active Inquiry for the Railway
Mortgages.


THH DRY GOODS IMPORTS.
The imports Of foreign dry goods at this port dur
ing the past week were $l,531 $50. The amount
marketed was only sl.O2s,oo5. The amount-sent to
warehouse was $685., 2S2 against 1924, 467 withdrawn
MONTY MORE ACTIVE.
The money market was quiet and steady at 4 a S
per cent until near the close, when it was un-
settled by sudden inquiry arising from the chang
ing Of coateras incident TO the recent agitation in
the stock market In these late dealings per
cent was paid freely by borrowers, but the rate Is
regarded as temporary and likely to subside again
when the stock market becomes quiet.
Prime paper was quoted 8 a Z per cent discount
and is in good request from parties seeking q tenn
pOrary investment for their money during the idle
ness OF the summer season.
Foreign Exchange continued unsettled, ana the
foreign bankers were still quite undecided as to the
future OF the market Prime sixty days sterling
was done at 1925 1924, closing weak at the quo
tation and sight bills at 11Ok
The Bank of France, as will be seen by our cable
dispatches, gains largely In It's specie for
the week ending this morning.
ANTICIPATING THE CENTENNIAL
The Fourth Of July falls this year on Thursday.
A number OF the brokers have started movement
in favor OF an adjournment OF the Stock Exchange
from July "wednesday to July s (the following
the holiday included the previous Monday. The
movement is strongly urged and as strongly OPP
posed, that its fate is quite problematical. Tie
directors are satisfied to wait until 80 for so pro-
tracted a Fourth OF July celebration.
GOVERNMENTS STEADY.
The government list was mostly steady the only
unfayorable changes being in some of the older is
sues, which always sympathize closely with gold
on account of their susceptibility OF an early redemp-
ton. The following were the closing quotations.
United States currency skies, 114f 114A; do.
do, 1884, registered, Hay 114A; do do, coupon,
1905 1908 do. hvetwentes registered, May and
November, 1146 1143S do do, 1862, coupon, do,
1149s 114,S; do do, 1854, do do, 114S 114I do
do, 1865 do. do, lis 115d; do do, 1857, regis
tered January and july 1884 1884; do. do, 1865
coupon, do, 1893 a 1861; do. do, 1867, do. do,
117,a 1l7ss; do do, 1858, do do, III 117h; do
tenforties registered 10Y 1909; do. do, cou-
pom, lily 1l1T; do ives Of 1881, registered, 113
a 113il; do. do, coupon 113 113h.
GOLD LowER-114 1854.
The gold market was lower, but to the extent OF
only one-eighth per cent-a result derived from
comparing the average OF the day with that OF yes
terday. The early sales were at ia, from which a
decline to 1884 ensued on the smaness OF to-mor-
rows specie Shipment for which the engagements
SO far sum up less then $3.50 900, and the denial
report that the government would make
no effort at a further funding Of the
debt in Europe until the settlement OF
the Alabama claims dispute, the fact being that
the Treasury Department still maintains business
relations with private bankers in Europe, and may
at any time, without regard to the Washington
Treaty, resume continue negotiations for the
sale of the new loan. The Sub-Treasury paid out
$4,000 on account Of redeemed nve-twenties and
$4,000 on account Of interest In the gold loan
market the rates ranged from five per cent for
carrying to nat for borrowing. The operations Of
the Gold Exchange Bank were as follows:-GOld
cleared s34 237 900; gold balances, $1,659,9s7 cur
rency balances, 1881, 426.
The closing sales of gold were at 1872. and the
closing quotation was 1884 1857.
THE RAILROAD BONDS
The railroad bonds were more active and the
dealings at the board were on large scale. The
revival of interest in this branch OF business Is
other indication Of the abundance OF money seeking
safe and secure investment. The Boston, Hart
ford and Erie guaranteed bonds as well as the
plain first mortgages were a Ia per cent lower.
The following were the bids at the call -