The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-04-27
FINANCIAL And C0Nl'''1, 0CI,L,
' IL STREET.

~, ,,,,..., - -. "a. q. April 26-6 L. NJ.
large inquiry for expo wac ''ao,o,,,, 80.
higher prices. The q" "o'ueis sonei"'' "oNiNH
-. 80 49, nonr market is better ana
. ' ,ai q asked for the low grades. The
a ischecked by this hrmness.
GOLD 1884,. tae
.vanced 20 iiS& to-day upon the continued
-" ION OF the causes which have been
~ ><encing an advance in the premium for some
Nys past. The more favorable aspect OF the poiti-
~eal condition has not been sufficient to check
the rising tide of gold values and
between England and America In fnan-
rial sense, the diplomatic discussion does not
appear to exercise any direct influence.
Notwithstanding the anger of the different secre-
taries, the English people within the last six or
nine months have not given sufficient proof OF what
OUR CREDIT IN LONDON
IT, TO satisfy US that the begerent sentiment is not
any stronger there than II is among US. II has
been stated that England has recently shown an
indifference to American securities as result to
this controversy greater than previously prevailed
while Germany was our market, whereas the re-
verse Is in reality the fact. peculiar condition
exhibits itself in
OUR FINANCIAL RELATIONS
to-day. While Germany is our largest creditor and
has been usually the best bidder, she to-day shows
4 special reserve in transactions in american"
securities. The cause of this is simply to be found
In an unusual excitement which is prevailing In
Germany at the present time, and which most
countries have gone through under similar crcum-
stances-a plethora OF currency without the Or
binary means OF its employment. Hence, In the
rapid payment OF the French indemnity Germany
has been Hooded with an amount OF currency that
IN previously impoverished country has somewhat
destroyed ordinary discretion. Consequently
banks have sprung up, In which the Germans have
become large investors and spectators. Conse-
quently their attention has been diverted from the
opportunity afforded In American securities into
their own home speciaties as adventures
THE LONDON FEELING
has been very much in favor, and In that
respect may quote the following as some Of the
loans that have been placed upon the London mar
ket within The last six or nine months. TO COM
mence with, Norton Bliss Co. Morton, Rose
Co., in London) placed loan of $3,250,OO0. The
Omaha Bridge Company noated bonds through j. II.
Morgan X Co., (Dabney, Morgan X Co. here) to
build a bridge from Council Bluffs to Omaha at
cost of two and one half millions. Belmont Il Co.
have negotiated large New York city loans for
docks and other purposes, principally through the
R0thschilds and Others, amounting TO from ten to
nfteen millions OF dollars. The Reading Railroad
Company, through J. Drexel, Morgan & Co. u. s.
loan for the purchase Of coal privileges and use
The Camden and Amboy Railway Com
pany have recently borrowed 100000. The
Pennsylvania, notwit Outstanding Tom Scott's
peculiar authority, has begged about Lon
don until no has raised about $3O000Oo.
Even Hoboken has carried the hat around London,
and asked assistance to build road.
OUR SECURITIES ABROAD.
A mistake prevails that American securities
recently placed upon the market were
30 placed for the first time. This
ls an error. The New York Central
was placed on the London Stock Exchange in 1867,
and its revival to-day evidence Of the increased
interest in this stock.
The money market worked easily ut a per cent
during the day, and other rates were exceptional
and not deserving OF other quotations.
STOCKS.
The following were the highest and lowest prices
of stocks during the daY:--