The New York herald., 1873-08-24
Another UniaVOrablc Bank Statement Tho
Figures Vsrgins Towards tho
Legal Reserve.
Stesdiness in United States, State
and Railroad Bonds.
MONEY 4 AND S PER CENT.
WALL STREEr,
SATURDAY. ADJUST zS-0 r. MI
THE FOREIGN MAAKr.

WALL STREEr.
SATURDAY. August 80 T. M.
THE FOREIGN MAAKr.
American securities In London are reported quiet
and steady. The general situation is unclanged.
Money is below the Bank OF England rate OF DIS.
count The late quotations are Us 0lOws:-Con-
sols for money. 92x s22f; consos for account.
92% o. 1916; fvetwenty bonds o. 1885 (0ld), 95H
q 95H; Ave-twenty bonds OF 1857, 95 95H; ten
forty bonds, 90 COX; Nv nves, 01 9lh; Erie
Railway shares, 47H 47,s; Illinois Central Rail
way shares, 50 80. In Frankfort bonds OF 1862 are
quoted at ok. The following are the latest Am
sterdam prices:-Union Pacific first mortgage
bonds, SO; Union Pacific stock, 23N Northwestern
preferred. 10; Erie, 81; st. Paul preferred, COZ,
Illinois Central o. In Paris rentes advanced to
$3.50.
THE MONEY MARKET.
Money on call loans has remained steady all day
at and6 per cent, although on gold as much as
per cent has been paid. Discounts on prime
paper and time loans Of currency are unch anged.
There are symptoms OF an early movement west
ward OF considerable amount Of national bank
notes to aid IN the movement OF the various
autumn crops. Foreign exchange, as is generally
the case on steamer day, was dull, the nominal
rates being on the basis OF 1O7k l07X for prime
sixty-day sterling and 10S1S to 10sx for sight
GOLD FIRM-l16k A 1159<.
Judging from the temper OF the gold market to-
day there Is no present fear of 'lockup" or q
panic. the disposition OF the operators seems to
be in favor OF gradual rather than Of sudden
rise, Secretary Richardson himself having given
currency to the thought that the interests Of the
country would be benefited by an advance. 1t Is
difcult to discuss the problem at this time with
out seeming to favor the of the gold specu-
lators but when the latter has passed away and
extraneous and artificial influences are removed
1t will not be O difflcult matter to demonstrate
that the producers and exporters Of the country
will largely gain from the profit Afforded to them
by that condition OF affairs which the Secretary de-
slres to see. AS people we are living
too FAST We are spending more than
we make. Our resources are swallowed by
monoposts Our earnings are sunk in the grave
of common debt Our profits are extravagantly
dstribu ted everywhere but at home, and until the
cure comes in the shape Of healthy national con-
servatism such as exists in France, where every
family lives within its means, there Is no hope
worth entertaining that America great and grand
as she is, can escape the responsibilities which
attach to sudden vibrations Of values or avoid the
rocks and reefs Of speculation that may be con-
trolled by any half dozen citizens bold enough to
place themselves IN antagonism to the general gov
ernment. At the opening of the market to-day the
price was firm at 116H 1161s. Later it fell of to
1l5yS 115%, recovering to 116 at different times
but closing at 115X 115 1915 The fluctuations are
ayhihited in no fOllowinD table