The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-06-01


Decrease In deposits. ........s........ 1,625,s0o
increase In legal tenders .............. 1,579,4Oo
The above figures show that the banks now hold
$50 in excess of the required by law,
AZ against s4,O7O,475 last week. the gain being
$S4S,l75. .ass
a THE FOREIGN MARKET.
The tone Of the foreign market Is one Of stead-
ness and strength, and no influences seem to be at
work that likely to change this condition in the
immediate future. The conservative action OF the
Bank OF England has preserved an equality be-
tween theebb and dow Of bullion, and the confd-
ence engendered by this freedom from all fever-ish
impulses Is that which has given the stiffness
TO the general market of which we have been
from day to day advised. Consols represent with
the certainty OF barometer the rise and fall OF
public faith in England; and it is but natural that
even on this side Of the Atlantic they should be
similarly regarded as the indicators OF the fnan-
cial temperature abroad, and reject to US some
thing Of the healthfu situation Of which they are
. part Hence. the reports from London to-day
were not without effect in inspiring some specula-
tien, maintaining values, and especially among the
German and other foreign capitalists, evoking
. comparative feeling of security. The following
q summary OF the London dispatches :-Consols
opened at 93T for money and advanced to a. at
which price they remained firm TO the close. Five
twenty bonds OF the issue OF 1865 old were strong
At s1T; fvetwenty bonds of 1867 at 94la; ten-for
ties at $50, and new aves at s9I. Erie was quoted
at 49A. Rentes in Paris were steady at 81, and the
new French loan was at 6h Ga per cent pre-
Mipm. 1t is announced by cable telegram that
Monday being ''whit Monday" will be observed as
Q bank holiday in England. Tuesday will be a hol-
day In the cotton market.
THE MONEY MARKET
showed little change from the condition already
reported. Currency was offered freely at from
fto per cent on call loans the extremes OF the
day, with the bulk OF the transactions at an ave-
rage Of s. per cent Prime commercial paper
changed hands at discount of o per cent. The
Improvement in the bank statement, set forth else
where, was encouraging to an active movement,
and served to relieve the market from any
supposititious pressure Foreign exchange was
stronger, and after noon the bankers advanced
rates to 1881 sterling and 1922 for sight, the firm
ness doubtless being due to the expectation that
there would be a demand for remittance on ac-
count of called bonds between this time and the
middle Of the ensuing week.
The receipts from customs to-day were s264,25l.
GOLD, 11s% 1172.
Gold opened at the figure first above named but
quickly dropped to l175s 117I, where, in response
70 the obstinate pounding OF the bears, it rename
the greater part Of the day. Subsequently it re-
covered o point or two, and eventually closed at
ll6H lis Lie. Inc rates PAID Tor carrying were
IA 3, 4 and per cent, and nat for borrowing.
The transactions Of the Gold Exchange Bank were
az follows:-
saou SoIoi,bli
LuITenCy pudnces.... 64.o,o9O
oIoss cieaIduces W slJ,uuU
Forty-two thousand dollars on account OF in
terest and $3,9l3,ooo in redemption OF $40 bonds
were paid by the Assistant Treasurer. The steamer
Parthia which sailed Tor Europe to-day. took out
4147, 39l in silver bars.
The following was the business OF the United
States Treasury:-Gold receipts, s3,990,13l; god
payments $l,1s3,s25; gold balance, s44,267, o91 ;
currency receipts, $685. 46; currency payments
g. 49, $780, currency balance, 500, 155,lS1.
1t is estimated by the Syndicate that only
$s50oOo0 will be paid out in settlement OF the fifty
millions OF $40 bonds called in on the LIST Of June
The Assistant Treasurer to-day paid out on tins &C.
count s3,9oo,ooo in gold, checks from Washington
for this amount having been presented.
RAILROAD BONDS
Railroad bonds were dun and steady. Central
Pacific gold bonds sold at 1881 1885, Pacific 7's
at 9sh; Union Pacific los, 5s q 5sh; Morris and
Essex, second mortgage, 80; Great Western first
mortgage, 90; Milwaukee and st Paul, second
mortgage, 77}S; Chicago, Rock Island ana
Pacific 7's at lo41S. The following are the prices
.la1a f1.a ratl