The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-01-30
Since Jan. L. sls, 7O4, ls2 sl45e5, a4g sl74ll ASH


THE GOVERNMENT PURCHASE OF BONDS.
The proposals to sell bonds TO the government in
response to the advertisement for million Of
sdve-twentes amounted to only s2Os, 900 at prices
ranging from 1870 to 1889. The price of gold
was taken to be 1137S, which limited the accept
ances to $169,S50 at 1870 a 113.S424
THE SYNDICATE AND THE NEW LOAN
The Syndicate make Official announcement that
they have completed their arrangements for the
bringing out OF the new five per cent United
States loan simultaneously in this country and
throughout Europe, and Will open the books on
Tuesday, February4. The combination of bankers
in the Syndicate is the largest and wealthiest ever
formed for the furtherance of any single financial
enterprise, and embraces in Europe the principal
houses which negotiated so successfully the last
loan OF the French government The
BOOKS WILL REMAIN OPEN
for about four days only in order that the subscrp
stions may be closed by the end of next week.
Meantime domestic investors will be allowed I'M
conditional privileges in making their subscrip-
tons and may exchange fve-twenties for the
new bonds al H6ituna. Alter the formal opening
OF the books the awards will be made only in tine
proportion the amount of bonds to be disposed of
bears to the total subscriptions.
THE FINANCES IN CONGRESS-.
Washington despatch states that the Finance
Committee OF the Senate ana Banking and Currency
committee ofthe House have helda joint conference
Mt which they considered Senator Sherman's bill for
resumption Of specie payments and authorizing
free banking, the latter alter July l. 1873. The
conference resulted in harmonious views of the
entire proposition except to the date for begin
ming resumption, which chimerical object was in
one case believed to be attainable on and after
January l, 1874, and in the other Oh the LIST of
May, 1874.
THE FOREIGN MARKET
The Tendon quotations came lower for consols
on the alleged suddenly aspect of the con-
trovcrsy between England and Russia as to the
Khivan question. but the decline was not impor-
tant. On the other hand, United States securities
were strong, if not buoyant, while the new French
loan advanced lin London) to per cent premium.
Erie shares were higher, closing at So equivalent
to 652< in our currency The Paris Bourse was re-
ported buOyant, with a further rise in rentes to
o54.S7.
MONEY ACTIVE.
The money market was more active, and while
the government houses continued to get accom-
mediation freely at 6 a per cent borrowers on
stock coateras were supplied but scantily at the
minimum OF per cent, the general rate among
them being per cent coin, with, in the interval
preceding the close OF banking hours, a brief
spasm, IN which 1-32 was paid in addition to per
cent Before the close Of dealings on the
sidewalk the supply became better. and the
closing transactions were at per cent and 7
coin, alternately. Commercial paper was un.
changed and steady. Foreign exchange was nomi-
nally unchanged, but the tone of the market was
alternately weak and steady.
TIE RAILROAD BONDS.
The railroad bonds were better for the Union Pa
cidcs and strong for the Central 6rsts the latter
rising TO 1O2. The following were tie bids at the
call as amended by prices in subsequent dealings
u open BOARD