The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-04-03

quotation for money most Of tine day was lie q *
per cent The strlngency increasing in the afternoon
until Bio was freely paid for the use OF money
night Some reports stated that u had been paid,
but It must have been In few cases only At ten
minutes past three O'Clock the demand suddenly
abated and lenders accepted per cent; but IN
few minutes borrowers appeared again and the
rates closed at coin and 1872
Prime paper was nominally quoted q IL per cent
discount.
= Foreign exchange was nrmer, the dearer rates for
carrying gold naturally causing more investments
In bills. and the market, while dull, was more
steady on the basis OF 1904 1922 for prime bank
ers sixty day sterling and ITO and HOY for sight
bills.
REDEMPTION OF THE THREE PER CENTS.
Assistant Treasurer Hlllhouse gives notice to the !
holders OF the three per cent temporary loan Ger.
lncates, issued under acts Of March 2, 1857, and
July Is, 1868, that oil such certificates bearing date
Augustl, 1868 Of the denomination OF $4,000 be-
tween the NOS $500 and s6le, inclusive, and OF the
denomination Of $4,000 between the Nos. 3,4oe
and $50 inclusive, VIII he paid on presentation at
his Of1ce ana that from and after the 3lst day OF
May, 1872, such certificates will to bear inter-
est and win be no longer available as portion Of
the lawful money reserve OF the national banks.
GOVERNMENTS LOWER.
Government bonds were quiet, and on the whole
heavy, prices yielding an average Of an eighth per
cent all around, or just about as much as money
was worth during the day. But with this decline the
market could hardly be called weak, and the lower
stage OF quotations seemed simple concession to
the facts Of the money market, and temporary az
the activity therein, for after the money dealings
we're over, prices began to sympathize with the
advance OF cur securities to-day IN the
london market, and eventually closed with
} STEADY feeling at the following quotations.
United States currency skies, 1851 1864; DO
skies, 1851, registered, l14x It's: do. do
coupon, Il55i 1l67s; do, rve-twentes, regis.
tered, May and November, 100 lOoA; do.
do. 1852, coupon. do, l12a ll21S; do. do, 1864,
do. do. 1925 ll21s; do. do, 1865 do. do, l12A
q l13; do. do, 1867, registered, January and
July, 1924 l13; do. do, 1866. coupon, do, l11,S
q 11lh; do. d. 1867, do, do, ll27s 49, do. do,
1885, do, do. 112 ll3h; do ves OF 1881. funded,
registered, ITO 11oH; do. do. do. coupon, ITO
l1oh; do. ten-forties, registered, loIs4 1885, 40.
do, coupon, 1885, 1osk.
GOLD sTKADY-lo9E A ITO.
The Gold Room was fairly active In the forenoon,
the lower range OF the quotation enabling the bro
kers to execute good many orders at 'about no."
But the speculative sentiment was checked by the
difficulty In carrying gold which commodity, belug
demonetized, IL Ike stock or bond. and bears the
same relation 10 the money market. The carrying
rates were not as high as upon stocks, 1t is true
interest, while capitalists are always ready to lend
freely on gold collateral, an advance OF par upon
which Is considered among the safer investments OF
Wall street. IL may be one of these days hardly 30
reliable. when Ben Butler succeeds IN perfccting his
paragon paper currency. As 1t was, WITH all this
help the brokers paid 10 many cases high as 364
TO have their balances carried over. The quota.
lion BY tue day was 1904 no. but at the
close 10 bid, the offerings being at Ito Lie.
The Sub-Treasury paid out $73l,ooo on account OF
redeemed nve-twentIes. In the gold loan market
the rates ranged from 60 per cent per annum to
3-64 per diem for carrying. The operations Of tue
Gold Exchange Bank were as lollows:--
C0i1 cleared 900 900
"0rr 90 oGs 1865.
CuTIeucJ p0ldnCes 2,zzosV5o
SOUTHERN SECURITIES DULL.
The Southern State bonds were neglected, the
market for some time past having shown little
speculative movement Prices were generally
steady. with, In some instances frmness that con-
trasted with the condition OF the money market
The Virginia consols sold at b71a, ex two per cent
Interest, and tue Missouris nc 90. The South Caro-
lima July issues were heavy, with 3s the best bid
until late In the day, when two stray sales &C.
Cured one at 80 and another at 49, ''buyer threen
The following were the closing prices:-Ten-
ncssee. ex coupon, Goh 6e%; do new, e6h
c6x; Virginia, ex coupon, ex January interest, 80
a so; do. sixes consolidated bonds ex January
Interest, 581d IS; do. skies, deferred scrip. lex
q Tx; Georgia skies, 70 rs; do. sevens, 81 80;
North Carolina, ex coupon, s7j4 %; DO. funding.
1896, 20 a ~; do. do. 1885, q "a; do, new, 81
23 do, special tax, Is 10; Missouri skies, e5x
se do, Hannibal and st. Joseph, 90 e5; Louisiana
SKIES, so 90; do new, 55 a 90; do levee skies. 80
90; do, 40 elghts 70 so; do. do, Fights, 1876,
7sasS; do. Penitentiary sevcns, 90 es; do rail-
road eights. 10 a so; Alabama lves, 90 50; do.
eighs. 90 o5; do. Fights. Montgomery and Eufaula
Railroad So a 30; South Carolina skies, 81 81;
no., new, January and July, 40; do. do, April
ana october, 80 81; Arkansas Sizes funded, %
atS
THE RAILROAD BONDS.
The following were the bids for the railroad
bonds
New York Ger rs, sub. tuH Gal a Chic erton ed IOJ
New York Cen 5s, 1875. 100 Gal a Chic vs. n, "
N York Cen rs con 1o1o.lW Chi X Pacific
Cen rs, TO 3D. .ltD kOr a rgpcx lstrn M