The New York herald., 1872-10-03
since Jan. 1.slse s17s 2as,24g sl1 aOa, ,aaa


Since JAM 1.s1s6,9S4,e79 $17s 24s2 249 s17l 1888
THE TREASURY PURCHASE or BONDS
There were fourteen proposals to sell bonds to
the government, embracing offerings amounting TO
$3leS, 100 at prices ranging from 11l.49 to 1881
The Treasury accepted three millions ut prices
ranging nom lilac to 1926. The extra purchase
0ccasoned great deal OF
DISSATISFACTION
And nnfavorable comment, especially as one house
succeeded In selling million at large advance
npon the other prices, which fact started q sus
pclOn that Mr.. Boutwell, intentions were known
10 the firm beforehand, or that he had made the
award as they suggested.
MONEY STRINGENT.
The gold clique concentrated their operations to-
day upon the money market which they kept ac
tive and stringent to the close. 1.-THE closen has
become very indefinite expression OF late
although strictly speaking it is three o'clock, the
hour when the banks are supposed to end their
business. Recently, with the excitement and ac-
hvity In money, accounts are suffered to remain
open half to three-quarters of an hour beyond
Lime. The lowest rate was 1-32-equivalent to II
per cent--and the highest q per cent, which was
exceptional, and paid only in hurry by one or two
Individuals who became
s---.S' .,-.,,gsy-- A4ARMED .s.: L.
when they saw 3i5 regularly BID at the Board.
After the bond awards some ofthe German bankers,
who had money coming from the Sub-Treasury,
loaned 1t In ADVANCE breaking the rate to LAP
again. For time it looked as II the government
money would overwhelm the efforts OF the clique,
but only 100000 Of the 00O 600 OF bonds were
sent In this afternoon they soon got control of the
market again and closed the rate at 1-32 and per
cent, equivalentto about IS per cent per annum.
The Treasury win pay all greenbacks for the bonds
bought TO-DAY. Mercantile paper was neglected
and without reliable quotation.
FOREIGN EXCHANGE
WAS weak and lower, the prime bankers reducing
the rates for sterling another x per cent. Prime
sixty-day bills In London sold at 107 for cash,
gold. The following shows the range of the
nominal Notwithstanding, sixty days. com.
mercial, 1861 1o7; do, good to prime bankers,
1918 1879; do., 81 ort sight, 10s5a 10S%; Paris
sixty days, 544 6.36>4; do, short sight, b.32ls
S.3lH; Prussan thalers, 701 71I; Antwerp, 5371s
$50; Switzerland, 6.3614 a $50; Hamburg, 35
s5h; Amsterdam, 3o>4 3ozs Frankfort, 4ol4 4o4;
Bremen, o3k 641s.
d. = GOVERNMENTS RAMPANT -
The government market opened Very duh and
prices were about steady With almost nothing
doing at the early boards After the announce
ment that government had accepted three mil
lions at the Sub-Treasury the market advanced
quite suddenly, and was strengthened in It's i'm
provement by recovery and advance in gold and
rise OF e q "a per cent In the
THE LONDON MARKET
where securities generally have been strong to-day
IN consequence of an easier feeling in money
coupled with the certainty that any alteration, II
any, OF the bank rate tomorrow will be reduction
oft. The following were the closing quotations,
currency skies being exceptionally weak, with sales
1T ll1H and recovery to l12:-Unted States cur
rcncy skies, ll15s 1925; do 1881, registered, ia
n a In n.tw
ties, registered, May and November, ex int, 1l2 a
l12A; do do 1862 coupon, do, 1161a 11oA do, d6
1864, do, do, ll5h 1854; do. do, 1885, d0., do,
HOY 11e; do. do, 1se7s, registered, January and
July lax HAAS do. do, 1896, coupon, do, ll4,{
llAH; do. do, 1867 do, do, l14} 114H; do. do,
1868, do, do. 1l4< 1i4sS; do. ten-forties, regis
tered, los 1881; do. do., coupon los a 1Os14; do
fves, 1881, registered, 110H o Ill do. do, do.
coupon, 11oK q Ill. ,,
GOLD UNsErrLED-1l4ss 1131 1l4i.
The gold market was unsettled owing to the
devious movements and changing tactics Of
the clique. With the cash gold in their posses.
uon they put the borrowing rate early In the day
70 one-hNt per cent for the Clearing House, and,
under cover Of this scarcity, sold freely causing
aectge from l14x TO llaN. Next they restored the
locked-up gold to the Clearing House, and by
making cash gold heavy they both operated
against the money market and enabled their buying
back their gold, preparatory to assuming the de-
Sensive against whatever Mr.. Boutwell, may do to-
morrow In the matter OF selling gold The Sub.
Treasury paid out $4,000 on account Of interest
and $4,000 on account Of redeemed 1vetwcn,Ics.
The
COURSE OF TIE MARKET
ie shown in the following table OF the chicf nuctua-
lions OF the day.
WA. 1I4A 114 P. M......... 113H
l0:Ie A. M......... ia y. M............. ia
II "A. M........... 1144 3P. M............. 11ii4
HE'S A. M....... 1laZ $3.50 p. M....... :. 114ss
IA o.s7