The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-05-01
FINANCIAL and COMMERCIAL.
The Bank Of England Advances Its
Rate of Interest.
M O N f " Il A = Y.
Gold Closes at l12 7-8-Foreign
Exchange Firm.
WALL STREET,
TUTRSDAy AnrII 31-a p M

WALL STREET, l
THURSDAY. AprI S0-6 p. N.
Money continues easy at ana per cent on Call.
Prime mercantile paper is quoted at 8 a per cent,
with 81 per cent as an exceptional rate. The
banks are giving preference to short mercantile
paper rather than lend on speculative securities.
Foreign exchange closed up firm at 81 81 a 81 SIX
for bankers 60 day sterling, and 81 80 81 9o1s
for demand.
THE UNITED STATES TREASURY.
The internal revenue receipts to-day were $491-
$50; for the month, $3,437, 033; an increase over
April, 1873 or $s72 100. The customs receipts to
day were 1884, The Assistant Treasurer paid
SAC, 900 account OF interest, and $4,000 IN
redemption Of $40 bonds. The total payments on
account Of May interest by the Treasury to date
are So 1000. The bids for government gold at
the SubTreasury to-day amounted to $500, o00 at
prices ranging rom ll25l to 1913
GOVERNMENT BONDS
government bonds closed firm at the following
quotations United States currency skies, l16z
III; do do. 1881, registered, 1905 1907 do do,
do. coupon, 122 122A do. fve-twenties, 1852,
registered, 1l59 l15x do. do, do, coupon. 11SA
49, do. do, 1884, registered, 116x III; do. do,
do, coupon 1908 1914 do. do, 1866, regis
tered 1863 a III; 90. do, do, coupon, 1919 a
I2lH; do. do, do, new, registered, 1893 1893;
do do, do. coupon, 40 1205s; do. DO, 1867,
registered, 1919 100; do. do, do, coupon,
120A 1908; do. do, 1868, registered, l197s
100; do. do, do, coupon. 120A 1909; do.
ren-forries, registered, 115 1859 do. do, coupon,
1l59S a 1859 do hves, 1881, registered 1864
Il5S; do do, do, coupon, 1864 III.
THE FOREIGN MARKET.
London advlces report further decrease OF
bullion IN the Bank of England to-day OF f230OO
and OF f3s4 900 during the past week. 1t Is but
natural that, under such condition, at the
regular weekly meeting OF the Governors this
morning the rate OF discount should have been ad-
vanced to per cent. Yesterday the rate for
prime three months discount at the London banks
was 3 per cent. To-day the supply at this rate is
abundant and securities are firm. United States
bonds are q and u higher and the market for
consols is more than steady. We quote:-ConsoIs
FOR money, o21s q 92A; consols for account, s2A
q 90 1915; fve-twenty bonds of 1865, old. 1868;
nve-twenty bonds OF 1867, 100 1895 ten-forty
bonds, lo4k; new fves, lO41s 1O4a; Erie Rail-
way shares, al1S 3lA; New York Central, $50
50. The specie in the Bank OF France has in
creased II, 500, 600 francs during the past week.
Rentes, $751; 75c. In Frankfort United States FIVE
twenty bonds are frmer. at 9s1s for the issue OF
1862.
THE GOLD MARKET.
Cold opened at 113k. sold down to 49, ad-
vanced u per cent and closed at 1l2zs The days
operations at the Gold Exchange Bank were:-
Gold cleared. s33, 23s. 900
EOid balances ..-...................... 32,321
currency DalanceS... 1,1I5,2SS
CLEARING HOUSE STATEMENT.
Currency exchanges. $40 $780, $50
currency balances ...................... 2S56 2s3
Gou exchanges. OBSERVATION-DISCLOSURES. 10 AZ, SIG
uoAu paAdnCes.. .........-........... l,lSI, 4ol
SOUTHERN SECURITIES.
More activity was exhibited in this market than
usual. Missouri skies brought 941s; d.
Hannibal and st. Joseph issue, 81; Tennessee old,
"a; do, new series, 64a<, and vir-
ginIa consols 81. The following were the
latest bids Missouri skies, e4A; do,
Hannibal and st. Joseph issue. OIL;
Tennessee skies, old, ex-coupon GA: do, new,
81; do. do, ex coupon, "a; do, new series, 64h
Virginia skies, consolidated. 81; North Caro-
lima skies, North Carolina Railroad, January and
July, Al South Carolina SKIES, 20 TO- do, Janu-
airy and July do. Funding act, 1885, 16; Arkansas
SKIES Funding, 80; do. sevens Little Rock and Fort
Smith issue. ID; do, Memphis and Little Rock,
Is; do, Little Rock Pine Bluff and New Or
leans, 10; do, Mississippi, Ohio and Red River,
ID; do, Arkansas Central and Red River, IS:
Texas tens, 1876. SO.
RAILROAD BONDS.
Railroad bonds were firm on q moderate bust
ness. Prices were generally the same as yester-
day, but IN the case OF Union Pacific incomes there
was decline to S7k Chicago and Northwestern
consolidated gold bonds sold at s5al S. and were
In good demand. Harlem 6rsts, I per cent regis
tered brought 1921 ex interest. The latest bids
are annexed
AID usq ist bes 49, l131s Cedar ? MINI lst m. 77L
zlp susa "a bds... s.14 Ind, Bloom Il West LIST. "A
B0e ii a LIST % Mich south 4 d q ID m JI
Bur, K a NJ LIST, rs, e IS Mick So K sfT pc i4
Chi Alton sink fund 100 Clev FOL f.........lS3
Chi Alton LIST .lU6 Clev, a A old Dds. o.
Cht Alton income. 70 Cley. A new BIDS. "a
J0iet d Oh LIST m. .....lW Bun Erie new bds gjts
~ u, JACK hi LIST m. VIZ Lake shore div bds... "a
CHI, Bur G. LIST. IU9l2 Mich Cen con rs