The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-10-13

The advance In Erie was sympathetic with i'm.
provement III London alter loss since Saturday
OF per cent. 1t was also published that IN answer
to request from the counsel Of the Erie company,
as to whether 1t was tended to apply for re-
celver, Attorney General Pratt says:-
do not expect any such exigency will arise, but
1t was thought that the same uormal prayer for
recovery would not do any harm. e4
The correspondence Is dated on the part of the
counsel for Erie, New York, October 8, and on the
part of Hon. Daniel Pratt Syracuse, October II.
The improvement in Western Union is alleged
to be due to the belief that the ensuing meeting
OF the board OF directors on Wednesday next, sew
eral strong capitalists and railroad men win be
elected, and that the business prospects Of the
company are encouraging. On the other hand it
was intimated that the next quarterly dividend
might be passed. We give both statements for
what they are worth. Lake Shore Is still among
the active stocks, but prominent brokers are said
to be getting rid OF their holdings on every rally
and whenever the price declines TO buy other In
nuential stocks in order to keep the market firm.
This, also, Is only one of the scores OF 'explana-
lions" that may be heard concerning the move
Ments oil the street. Iu
at one time advanced to 81 per cent on call loans.
but closed at 2 and 8 per cent. Very little
currency is going west ward, hence the free Offer
ings at home. The rates on choice grades OF pa
per are from to per cent. Foreign exchange was
quiet and steady. Prime, nominal rates, ASS and
&SS; selling rates. 4.s31s 4.S41a and 4.S7 487h
Continental quiet and steady; Reichmarks OAK
and 90; cables, 9e7s prime Paris, 51611 and 513X.
GOVERNMENT BONDS
were strong and IN good demand, without how
ever. ability on the part OF bankers to supply
large lots. Investors both In England and
America continue to seek this class of Sc
cur,ties. They closed firm at the following quo
tations limited states currency skies, 117k o
1l7X; do. skies, 1881, registered, nix 117H; do.
do 1881, 11S 1881; do. hye-twent1es, 1862 regis
tered, 1oa% ITO; do do, do, coupon, 1923 1l3;
do do, 1884, registered, 1llA 1l1x do do, do,
coupon. 1l5K 115k; do. do, 1866, registered,
112K 1l3; do do, do, coupon, 116K 1l6a;
do. do, 1855, new, registered, 1853 115X; do.
DO, DO. coupon, 116 1861; do. do, 1867 regis
tered, 116x q 1164; do. do, do, coupon, 117K
117X; do. do, 1888, registered, 116X 1I7x; do
DO, do. coupon 117k ll7as; do. ten-fortes reg
istered, l11tz 111N; do. do, coupon, 11ls liz;
do. rves, 1881. registered, 1l2A 1927; do. do,
do, coupon, 1121z 112h.
RAILROAD BONDS
Railroad bonds were quiet and steady in the late
afternoon dealings. Chicago and Northwest con-
solidated gold bonds advanced TO 81. Lake Shore
consolidated coupon frsts sold at 100; Central
Pacilcs at 92X, and Ohio and Mississippi consoli-
dated at 93 Peoria and Warsaw, Western Divi-
sion, brought "a; do. consolidated SO. and T., c.
and L Z. frsts 70. Central Pacific bonds closed at
92H Q 90, aud Union Pacidcs $50 ssA for nrsts,
SAX SAX for land grants, and TAX IS Tor
sinking FUNDS.
SOUTHERN BONDS
The transactions to-day were confined to Mis-.
souris, Tennessees aud South Carolinas, which
sold as follows :-Missouri skies long bonds al OAK
OAK. do. skies Of 1877 OF 97s4, New Tennessee
skies, ex coupon, at SO a 81 o SIS, new South
Carolina skies non fundable at OK.
THE UNITED STATES TREASURY.
The Treasurer at Washington received 100000
In national bank notes for redemption to-day ana
$4,000 in called nve.twentes The customs re-
ceipts to-day were $4,000. Internal revenue
receipts we're s5l5,O7O.
on account Of interest and $4,000 in redemption OF
nvc-twenty bonds.
THE GOLD MARKET
The opening and closing prices were re-
spectvely 10Y and 1921. The market was mac.
tive, however, and without especial feature. The
rates on gold loans were per cent for borrowing,
nat, and and 2per cent for carrying. The follow.
Ing are
THE OPERATIONS OF THE GOLD EXCHANGE BANK.
GOld balances.
currency balances. .....................l 2Q8 TAI
Gross clearances. l6. 20g 600
CLEARING HOUSE STATEMENT.
S.n.eny $50, 72S 1913
currency Daiances.. Observation-Disclosures. 3,328234
Colo Daiances...... .................... l,0lO748
ua THE FOREIGN MARKET.
London advices state that the amount OF bullion
Wfthdrawn rom tina Bank OF ENGLAND nm balance