The New York herald., 1872-10-08
$7,05S,07s $7,033, ,3Ss ss,644, ,23s
22l, $50, 544 293, ,312, 430 1874, $40, 173

Since JAM L. 1921, sos 622 $780, SIS $343 All
The Wall street markets were excited and fever
4sh all day in consequence Of the sudden
INTERVENTION OF THE TREASURY
Department to relieve the money market. II will
be remembered that number Of rumors OF in
tended government interference were anoat on
Saturday afternoon in the street, and among
them one that the government contemplated
transferring ten millions OF dollars to the desig-
mated national bank repositories OF the United
States IN this city, and thus fortifying the
reserves Of the banks sufficiently to enable dis
sOlution Of the stringency In the money market,
The law preventing the making Of deposits In ma
fiOnal banks In places where there are Sub-Trca-
suries was urged as an obstacle to this plan but it
seems that the law does not prevent the govern
ment itself from placing the moneys OF the Treasury
In the national banks, and is intended as re-
straint only upon government officials receiving
money IN localities where SUB Treasures are estab.
Nshed The newspapers tins morning and
THE BULLETIN AT THE sUB-TREAsURY
gave definite form at length to these various ru.
mors and verified the more specific report that
the government Intended to ease the market by
the disbursement of ten millions OF dollars, which
II will be seen further on, has been the result OF
to-day's dolngs at the SubTrcasnry. The notice on
the bulletin was as foliows:-
UNITED STATES SuB-TREAsURY)
NEW YORK, oct. Z, 1872.
Notice Is hereby given that by order OF the Secre
tary OF the Treasury, bids Tor SIS, 090 gold and
offers for s5oooooo, bonds will be received this
Office up to twelve O'Clock noon today, when the
bids end offers win be opened and awards made
The rules governing the usual weekly sales and
purchases VIII be observed in the sales and pur-
chases to-day. THOMAS HlLLHOUSE,
acsN~ United states Assistant Treasurer.
At the hour Of noon, when the bids and offers
were opened,
THE RESULT
<>ft An lxxtt ttn
found TO be as follows:-
The bids for gold called for the extraordinary
total OF sl7,e7s,ooO, and the prices offered ranged
from Ill to 1905
The oferings OF bonds amounted to 81, ,054, 400 at
prices ranging, ex interest, from ll2.74 to ll5.
The awards were made as fohows:-s5,oo0 900 OF
gold at 1905 1874, and $1,000, 600 OF bonds at
112.74 1899.
In buying the bonds the SubTreasury
PAID OUT GREENBAcKs,
or will pay out that kind Of currency, the amount
Of bonds sent in up to the close OF business
having been only half a million. On the other
hand, the Sub-Treasury will accept in payment
Of the gold sold to-day certificates OF deposit
In the four designated government repositories IN
this city-vz., the Bank OF Commerce and the
Fourth National Bank for The lower part OF the city,
and the Central National Bank and the Second Ma
tional Bank for the district above Canal street Up
10 the close OF business this evening the buyers Of
the gold had taken out only one hundred thousand
collars out Of the five millions Asa
PIECE OF FINEssE
on the part Of the Treasury officials. the pro-
Rramme carried out to-day has been an eminent
success and looks as If 1t had been suggested by
parties intimately acquainted with the banking
movement and money market in this city. When
the transaction shall have been complet ed. as II
doubtless will be at an early hour tomorrow, the
banks will be richer in their reserves by the sum OF
fully ten and hall millions Of dollars made M OF
the FIVE millions OF gold in one part ana Of the
greenback equivalent OF the five millions OF bonds
In the other. Before ii was known that the Sub
Treasury would accept certificates OF deposit IN
payment Of the gold offered for sale, the calcula-
tion had been made that the
PoRTiPIcATIoS OF RESERVE
would DC only such as resulted IRON adding lve