The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-07-28


Specie. :sss1seoo g Is 500 Dec sl.cssc
Legal tenders. 4ss72,5oO 4s,s57,ooO Inc. Los4,6oO
Tot reserve $751; $500 ST. 200, 800 Dec. $50 200
Circulation. a. 500 ~ 225, 100 Dec. $4,000
Deposits 24o,2oe,4o 400 2ss1ls,soO Dec. 1,ossloo
Tlab'ts s2e7 4s7 800 $2eo, s4s 400 Dec sl,O44 500
Is p. c. res'v. 66,s7l,s75 ee,5s5,s5o
2Sps.resv. 14a74l2s 14.s2o45o Inc. s4e.s2s
GOVERNMENT BONDS
maintained their usual strength, with but few
sales, however at.the Board, owing to the scarcity
OF supply. The following are the prices Omitted
States currency skies, lax hay; do. sxes 1881,
registered, 1881 1l8x; do. do do, coupon, l19X
1908; do. fve-twenties. registered. May and
November ICY a III; do. do, 1862, coupon, do.
III 117K; do. do, 1864. do. do. 117k NIX; do.
do, 1855, do. do, 119 119k; 1S67's, registered,
January and July 116a< III; do. do. 1885, coupon,
do, 117k l1s; do. do, 1857, do. do l1s7S 49,
do. DO, 1868, do do, 1857 11S%; do. ten-fortles
coupon, 1854 1l5K; do. nves Of 1881, coupon.
1861 q 115Z.
THE MONEY MARKET
during the week has been steady and unchanged
as compared with the rates of its immediate pred
ecess0r. The supply has been more than ample,
large offerings being made without takers by
banking Institutions trust companies and others at
prices varying from to 4per cent Exceptional
business has been done inside and outside these
figures The discount on prime paper maturing
before the LIST of January has ranged from to
per cent. Gold loans on time are quoted at 1-16
q for carrying lOr thirty days, q y Tor sixty days.
u u for ninety days, and Ia for all the year.
Foreign exchange weakened materially from Its
rates at the beginning Of the week, owing to the
reduction in the Bank of England rate from ~ to
per cent. 1t is by no means a certainty that this
condition will exist longer than September, owing
to the maturity at that time OF bills OF exchange
London drawn by France In favor OF Germany. 1t
is also confidently expected that the drain OF gold
will be resumed by Germany for coinage purposes.
OUR FOREAGN COMMERCE.
From the official statistics prepared up to the 31st
OF March, 1873 1t appears that our imports for the
nine months preceding amounted to $49S 700, 1O7,
against SAT- 1851 1927 IN 1872 Our exports tor similar
period amounted to $432, 642, 161 in 1873, against
$685. 1862 in 1872. Allowing for the difference in
the warehouse account, the imports exceeded the
exports Qoreign and domestc) by $57,665,6sl
during the nine months ending March 81, 1874,
while for the nine months ending March 81, 1872,
the excess OF imports over exports amounted TO
SIS, 239, 961.
THE STOCK MARKET
The general condition OF the market has already
been adverted to- The details may be described
briefly. The fluctuations Of the week have been
to 1O4A Harlem from l29 TO 134, the advance being
based on the expectation Of an extra dividend
and the report that the company mad been offered
$4,000 900 iOr their horse car line. Erie touched
65, but receded to 59A, with possibility Of yet
lower prices when stock ordered from England
reaches port. Lake Shore strengthened materially
on the announcement OF the closing up OF
the $eoooOOO OF funded loan, selling
up to s4k. Wabash vibrated between
717s 1874. 1t is announced that per cent divi-
dend will be declared in October. Northwestern
was in good demand, with active dealings between
ssX 7lX. The amount OF this stock on the mar
ket is only enough to promote healthy speculation.
Rock Island improved X per cent Canton prom
Uses to become favOrite OF the market, inasmuch
as the trains OF several railroads are now running
through the Union Tunnel ut Baltimore with
Der capita of Is cents on each passenger in favor
of the company. Michigan Central gained u per
cent. St. Paul advanced from Sly to 535s,
with o subsequent recession to SIS. The high
est figures OF Ohio and Mississippi were AK.
but the close was at 3sn 39H; Hannibal and st.
Joseph receded from IL to 3sH. Panama strength
ened from IFS to 1l7A, but afterwards fell of to
IFS. The movements in Pacific Mail we're eccen-
trio, owing to the conflicting reports concerning
the condition Of the company. The President was
authorized by the Board OF Direction, at q meeting
held during the week, 10 make arrdugemeuLS IOr
the issue OF bonds to such an amount and on such
terms as he may deem most prudent Should
these bonds not find q market when is.
sued 1t IS alleged that the stock Will still
further depreciate. II, on the other hand,
the friends Of the company advance the
amount Of the bonds, they will establish
permanent authority for themselves in the man.
agement OF its AFFAIRS, and possess lien upon the
assets that must necessarily be satisfied before the
stockholders can come in for any share Of pos
sible future profits. The builder OF the steamers
now on the stocks is understood to have declared,
when In the city on Friday last that. with the ex.
ception OF the Colon and two other vessels of
the company, the entire feet Is comparatively use-
less and absolutely Improbable for the purposes
In which 1t has been employed. What innu-
ence the arrangements Of the President OF the
Pacific Mail Company may exercise on the pend.
ing speculation remains to be seen; but 1t Is EVIL
dent that the price Is destined to 60 up or down
within q very short period. Western Union Tele-
graph advanced slowly but steadily from sO,4 to
9lX, and Delaware, Lackawanna and Western
from 1907 to 1918, with close at 1905 a 1909.
Union Pacinc gained ia per cent, selling ct 291s,
but reacted to FIX a 2s. c., G. and ]. q. reached
33K-an Improvement of2k per cent, closing how
ever, at 31H q 81. The following Is q table OF
CLOSING PRICEs-rBREE O'CLOCK r. M, SATURDAY.
Del, " .....loss lS}: xNM..:.:. 81. ss.s
Adams Ex gss Sh4Ew pref. , 81 a ~