The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-10-15

Net earnings applicable to
dividends. ........ ..... So, 1924, 789 $20S0 15l
Rate per cent on Oustand- al...l.
ing STOCK. S8-lo0 1900
The outstanding stock was increased $500, and
the bonded debt was reduced during the year BY
the redemption Of bonds OF the American Tele-
graph Company which matured October !, 1873
amounting to $4,000, and by the purchase OF the
sinking fund Of 81 900 of the bonds of 1902 making
o total reduction OF liabilities of $4,000.
President orion ACIDS to the annual report the
statement that the profits for the first quarter OF
the current year, which ended September 80, show
an increase over the corresponding months Of last
year Of more than 100000. He also adds some
curious figures In regard TO the number OF mes
sages sent, and the average amount received for
each message which show that the company re-
ceved about 900 from some source other than
the business OF teegraphing. It was intimated on
the street after the publication OF the report.
which was not deemed satisfactory by those who
expected better things, that strong combinations
exist among other lines which will compel the
western Union either to reduce rates or buy or
opposition. These are Developments, however.
that belong to the future.
THE MONEY MARKET.
The offerings In this department are more than
sufficient to meet the demand. and the rates re-
main unchanged On call loans the ruling figures
are still ~ per cent. On prime collaterals time
loans of sixty days negotiated at per cent and
OF ninety days at s per cent. Choice commercial
paper OF four mon hs date Is quoted At o per
cent. The movement OF currency to the usual
points OF demand Is reported to be very sin all.
The foreign exchange market was quiet and steady
to firm In tone. The prime nominal rates for
sixty day bills were 4.s4h, and for sight 4.s7 u.
The selling rates were 4s4k, and is7 4.s7ls
respectively. We quote reicnmarKs frm at o4A
and o5zs, cable transfers 9eH 9ess, ana francs
on Paris 5.16k a 5.I3A.
This market was without interest, the price
opening and closing at Ito. The rates paid for
borrowing were IN 10 per cent and dat. The
following Is
THE CLEARING HOUSE STATEMENT.
currency exchanges....... ..$43,2 20
Currency balances. 4,9S5S31
So.a excnanaes. .....-....s.........''... zso
1oio uaiances....... ............... Io4,Svo
THE GOLD EXCHANGE BANK.
COLD cleared $l7 sac 900
c r' -.....'....'.. a,osvtc
cuii eASy oo'anccs. <,Vi@,ooo
GOVERNMENT BONDS
These were steady and comparatively strong.
The demand Is about as usual and there Ia no
change TO be made in the current report. The
late bids were follows limited states currency
skies, 1l7h a l17X; do. sizes, 1881, registered,
il7h 1l7X; do. do, 1881, 1ls llsh; do. fve-
twenties, 1852, registered, lo9k 40; DO. 40,
do, coupon. 11s 113A; do. DO, 1884, registered,
i1lH 111X; do do, do, coupon 1l5L
q 116; do do 1886, registered, I12X n
il3; do. do, do, coupon, 116x O lleN; do.
40, 1885, new, registered, 1851 lie; do.
DO, do, coupon, 11o ll6x do. do, 1867, regis
tered, 116,. q 1l6X; DO do. DO, coupon, 117k a
NIX; do do, 1858, registered, III my; do.
ao. do. coupon. 1l7k INK: dn fen.iorties. reg.