The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-04-15
Since JAM .1 $40, 500 437 $123 1854 $127 97
THE MONETARY sTRINGENCY.

since JAM l $40, DOB 437 1913 954 $127 81
THE MONETARY sTRINGENCY.
The stringency in the money market was about
as ever, at least for good portion Of the
day, the interchange of money at usurious rates
being in remarkable contrast to the spectacle OF
Grand Jury seated not quarter Of mile away
Investigating the charges Of violation of the law.
During the day number of rumors prevailed OF
intended Treasury interference to relieve the
money market, in connection with which came
special advicessfrom Washington saying that the
recent visit OF President Grant to
THE SECRETARY OF THE TREASURY
and interview with him had no reference to the
subject OF modifying the Treasury programme with
view to affecting the New York money market. 1t
was also asserted on behalf of Assistant Secretary
Sawyer that his recent trip to this city had
nection with the monetary crisis. With all this
denial OF matters, which found their origin in the
hopes of the borrowing part Of the street there was
more cheerful tone. Notwithstanding the strin-
gency and strong belief In it's early abatement,
especially it was reporked that the express
companies had brought nearly two and half mil
lions OF
CURRENCY FROM TUE INTERIOR
In the consignments OF to-day. The rate on call in
the usual way went as high as q per cent and in
terest, but Il per cent was frequently paid. for
turning some OF the high.priced stocks, such as
came easier and before three O'Clock good deal
OF money had been loaned at q per cent one small
transaction occurring at plain per cent which
was the general rate among the government deal
ers throughout the day. The demand continued
until after three O'Clock, however, and borrowers
at the close were willing to pay = per cent for &C
commodation over night. Commercial paper was
as may he fanced, altogether neglected The
outstanding extra greenbacks this evening are
$4,000 0 increase since last report of s119 000
The United States Treasury balances now stand as
follows Currency So 1oO0 OO and coin, So 700 O0O
The coin certificates in circulation amount to
$23, $50 600.
FOREIGN EXCHANGE LOWER.
The continued scarcity OF money led to a further
reduction in the rates Of foreign exchange, the
leading drawers lowering their rates for sterling
to 1O7 for sixty day and 1885, for sight bills. This
decline as well the rather easier signs IN money
at the close, induced q steady feeling in the for
eign exchanges late in the day, when the market
left or as follows STERLING, sixty days. CONNER
cial 1861 1867; do, good to prime bankers, 107
1o7h; do, short sight, 1854 1osaS; Paris, sixty
days. 5.36I 5.3l4; do, short sight, 526 $685.;
Prussian thaers, 7015 II; Antwerp. 5.35 $50;
Switzerland, 5.35 $50; Hamburg, "a 94s; Am
sterdam, 39'S 397s; Frankfort, 40i4 4OA; Bre-
men, "a 94ss.
GOLD LowER-11s7s 11sh.
The gold market In the absence OF quotations
nom London, where Easter Monday was cele-
Grated as a close holiday, was unsettled by alter
Mating local influences. 1t opened strong, and adj
sanced from 11sa to 1s, as If In direct obedience
10 CLIQUE manipulation, and thence declined to
usk, as If the clique had made market to sell
upon. The rumors from Washington Of intended
extra gold sales by the government had their in.
Auence for a while, however much they were
doubted or disbeleved at the close. The course Of
Aao N, rIat 10 ahnrun in Tho tahla