The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-04-24
SINCE JAM L s72 ESQ se4, so,5 o4 ssh, 7e7 $50

Since Jan. L.. ST. 97so 64sO1, 504 $sl, 1877 $50
THE GOVERNMENT PURCHASE OF BONDS.
There were ten proposals to sell dve-twenties to
the government, rendering total OF ST. $50 at
prices "Aat,n ranging from 114.05 to 1850. The
$500, 900 was obtained at l14.95 1l4.3s. The Sub
Treasury will pay for the bonds with national
bank notes. The government will sell 81 800, 900,
gold, tomorrow Thursday.
THE FOREIGN MARKET.
Owing to the break in the French cable much
difficulty has been experienced in getting the
quotations from the other side. The London mar
ket remains steady, with money still easy enough
son call" to render any early advance OF the bank
rate quite unlikely. Consos and United States
bonds have been steady and dull Erie shares
were heavy. The new French loan was quoted at q
premium Of 6s{ per cent, and rentes in Paris con-
ftnued rising, the last quotation being 561o.
MONEY DEARER.
The money market was more active and at times
stringent the rate on call having ranged from 1872
up to $50 and interest, the latter extreme being
equivalent to a per annum rate Of about 40 per
cent. The opening rate was 1-64 and interest,
which hardened gradually to lilo and interest at
the Board, the extreme Of 1882 and interest being
reached on the sidewalk in the furry at a quarter
to three O'Clock. The market
SUBSEQUENTLY RELAXED,
and money at q quarter past three O'Clock was
offered at 1872 on easier terms than at the be-
ginning OF business; but 1t Is only fair to add that
accounts had been made up pretty promptly by
the regular hour, that the last quoted
rate is rather exceptional. 1t is difficult account
for the greater scarcity the past few days partcu
lary. as money continues to come In large amounts
from the interior, unless we assume that the
market Is hide-bound, and that the least per-
centage OF advance in
PRICES AT THE STOCK EXCHANGE
more than absorbs all the Influx. From Washing
ton we learn that the outstanding extra green
backs are now reduced to $1,000, oO0-a decrease
since yesterday of $11200O. The Winsl0w Usury
bill, which does away with forfeiture of principal
IN case OF loans at more than per cent, has
passed the State Senate and goes to the Lower
House. Transactions in commercial paper have
been more or less interfered with by the
of the activity In call loans, but the nominal
quotations are about the same-viz., o. IL per
cent for
PRIME NAMES.
Foreign exchange was weak and the leading
drawers lowered their rates for sterling to 1Os5
for sixty days and 1922 for sight bills, further
concession OF u per cent being allowed for round
amounts. The depression to-day was due to the
anticipated early negotiation OF sterling loan OF
between five and ten millions OF dollars by stock
clique on pledge OF Western Union shares, the re-
ported lenders being one of the Canadian banks.
1t was reported at time this afternoon that the
loan had been made, but the statement could not
be verified up to the time OF closing business.
GOLD FIRM-117h 117x.
The gold market was nrmer and the price ad-
vanced from 117K to 117% for reasons which
not readily susceptible OF explanation, as the in
nuences Affecting the premium ought to have been
attended by q reverse result. The heavier run OF
the exports and the weaker temper Of the foreign
exchanges ought TO have exerted depressing
erect. not to speak OF the greater embarrassment
Of the money rate. The course OF the market is
shown In the tablet