The New York herald., 1872-08-29
FINANCIAL and COMMERCIAL.
A FURTHER ADVANCE IN GOLD.
Success So Far Of the Latest Pro
gramme Of the Clique.
Continued Scarcity Of Cash
Cold.
A STEADY MONEY MARKET.
The Rates on Call and 5 Per Cent, with Ex-
ssptional Transactions at : Per Cont
The New Treasury Currency
Certificates.
THE FOREIGN EXCHANGES EASIER
a Slowly Rising Stock
Market.
The Speculative Feeling Cautious and,
The New Treasury Currency
Certificates.
THE FOREIGN EXCHANGES EASIER
a Slowly Rising Stock
Market.
The Speculative Feeling Cautious and,
''for the Present, .Eullish.
ERIE STRONGER AND STEADY.
WALL STREET,

WALL STREET,
WEDNESDAY, August 28-6 p. M.
On Change to-day wheat and -four were steady,
with q tendency to nrmness the cotton market
was quiet, but not so strong.
MONEY PER CENT
There was o steady demand for money at per
cent during most Of the day, and the dealings were
on the basis Of o per cent until very near three
o'clock, when some small balances were loaned at
Sper cent. This last rate is hardly quotable, how
ever, as accounts had been generally made up, and
the transact~ns thereat were rather an exception
to the market.
Prime paper quoted at ~ oper cent discount,
and buyers are not disposed to take other than
short dates.
Foreign exchange was heavy. with the continued
scarcity Of cash gold, and actual business in ster-
ling the basis Of 1854 1857 for prime sixty
day bills and 1o94 1O9H for sight,
THE TREASURY PURCHASE OF BONDS.
The Assistant treasurer received proposals Of
$4.5843O0 bonds in answer to the advertisement to
buy million Of fvetwenties The prices asked
ranged from 1923 to 1929. The price of gold
being 112X 113, the purchase Of the entire million
was readily enabled, and was effected at 1l2.23 q
112.45. The Sub-Treasury paid out $322 900 on ac-
count OF interest on the public debt and &c. 900 in
redemption Of called bonds.
GOVERNMENTS HIGHER.
the money market helped the recovery Of the
government bond list, prices advancing fully
q quarter per cent and holding the improve
ment to the close. The large amount OF
bonds offered ut the Sub-Treasury excited
but little opposition apparently against the
upward tendency Of prices. The fact remains,
however, that good many holders of governments
are ready to sell at a little Improvement on
current quotations. The following were the
closing prices limited States currency skies,
112X q 112X; do. do. SKIES, 1881, registered.
114X 114,s ;do do., coupon, 1loX 1leh; do. fve-
twenties, registered May and November, 1l4,I a
1llX do. do., 1862, coupon, do, 114aS has; do.
do, 1884, do, do, 114,! 114x; do. do, 1885, do.
do, 114X 1l5; do do, 1867, registered, January
and July, ia 114z; do. do 1866, coupon, do 11s,
Q 1l3K; do. do, 1867, do, do. ia 114,S; do.
do., 1868, do, do, l13X Hay; do. ten-forties,
registered, 1857 100; do. do, coupon, 112H Q
112X; do fves OF 1881, registered 11l'< 112; do.
do. de-, coupon, l11A liz.
GOLD sTRoNG-112Z 113T.
The gold market was strong under the continued
EFFORT OF the recently organized pool, whose limit Of
I13X 113H was pretty nearly reached to-day. At
least they were credited with selling a great deal
of gold at 1131s 1l3A all the time they were hold
ing the market at that quotation. The market
opened strong with the scarcity Of cash gold in the
early engagements for delivery at the Clearing
House, and the price advanced from 1l2X to 113,
but with the weakening Of foreign exchange fell
back to 112N. Here the clique put on the pressure
again and drove the price up to 1874 There will,
doubtless be good deal Of figuring over the gov
ernment gold tomorrow, and the clique may pos
sibly make ieint Of taking 1t all. The course Of
the market Is shown In the table, -