The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-05-16
THE DISCOUNT RATE UNCHANGED.
Opinion of the Banking Interest as to the
Future Of Money.
THE GOLD MARKET STEADY.
Recovery in Pacific Mail and an Ad-
vance in Harlem.
WALL STREET,
THURSDAY. Nav l5-6 +, M.

THURSDAY. May 15-6 r. M.
On 'Change to-day cotton was quiet, with 'spot''
'uling steady and "futuresn lice. per h. higher.
Flour was In good demand and steady Wheat
was scarce and firm, and corn was about steady.
THE GOVERNMENT GOLD SALE.
There were twenty one bids for the government
gold sold to-day at the SubTreasury, amounting in
the aggregate to $685. 900, at prices ranging from
ll7.23 TO HILL Secretary Richardson awarded
one million OF the gold thus bid for at from l17.63
50 ll77.
THE FOREIGN MARKET.
Notwithstanding the reduction in the balance
account OF the Bank of England by f499,ooo Tor the
week, consols and American securities remained
steady and unchanged. Erie was shade better
and queter Dispatches from Paris report decrease
O 1850 900 francs III the weekly bullion report OF the
Bank OF France, which TACT accounts for decline
IN rentes from 54. 65 to $3.50. The French loan
IN London was steady at "a premium. The cable
dispatches are conflicting with reference to the
loss the bullion OF the Bank Of England, and we
therefore only give the outside figure. The smaller
amount mentioned in these reports was ELL, 000
which some parties are inclined to think represents
The correct amount, Tor the reason that there has
been ne change In the discount rate.
THE MONEY MARKET
Money was easier than upon yesterday, num-
Der OF brokers reporting the offer by several banks
and public institutions Of literally large sums for
employment call. The rate among the stock
brokers was q per cent, with the bulk OF
the business at the higher rate. Money gov
eminent cOllaterals was readily accessible at per
cent 1t is the prevailing opinion of the street that
idle capital is rapidly accommodating at this centre,
Rn. many of the bankers express the belief that
the Immediate future offers no contingency likely
to disturb the existing condition OF affairs. There
were exceptional transactions during the day even
rs low as per cent, but the closing dealings
at per cent Discounts were steady, without
change market was firm for sight sterling at ITO,
and about steady for so day bills the difference in
actual business between the two classes being one
and one-quarter per cent. despatch from Gin
cnnat, from w. p Hulberd, assignee Of A. G.
Burt Il Co., whose suspension has been announced,
states that the liabilities OF the firm are $751; 0OO
and If they are not pressed their assets in cash,
personal and real estate win pay IN fun. otherwise
they cannot pay over scvcnty-fve per cent. He
also alleges that they VIII be able to raise the as
sIgnments inside OF twenty days and resume bust
ness.
GOLD STRADY-l17h Il1T.
The gold market reflected the steadiness OF the
foreign market already adverted to- today's fuc-
tuatlons having been but slight and indicative of
frmness. The Sub-Treasury paid out $22S, 600 on
OF interest and 81, 700 on account OF call
bonds. The steamship muringia, which sailed for
Europe to-day, took out 100000 IN silver. The
Washington advlces report an increase since yes
terday OF $40 600 in the legal tenders. The uctua
inns m gold during the dav wpre followa.-