The New York herald., 1874-07-18
GOLD 109T A ITO.

GOLD l09Is ITO.
Gold opened at l09X and advanced to 11O, at
which figure it closed all the sales being at these
figures. The rates in the loan market were to 2
per cent for carrying. The Assistant Treasurer
paid out $4,000 account OF interest on the
public debt and $4,000 in redemption OF five
twenty bonds. The customs receipts were $364, 0O0
FOREIGN EXCHANGE
was quiet and steady for sterling and continental
che former on the basis OF 4S7h a4.9O for bankers
60 days and short sight respectively, with selling
rates 4.s71s 4.SgH Relchmarks were quoted
ooH 98i.; Gables, 96I 81. Prime Paris, 51Osl
q 5.13X.
MONEY RULED
on call at extreme figures, and per cent the
bulk Of the days business being probably at 21z
per cent, which was the closing figure Of the
market. Choice mercantile paper passed at a 5h
per cent, although the ruling rate for ''prime' is
o q Z, with 'g00d" as high as per cent. The
national bank notes received at the Treasury to-
day amounted to $4,000 The shipments OF legal
tenders In redemption OF such bank notes average
about $500, 900 per day. The internal revenue re-
ccipts to-day were $685., 0o0.
THE FOREIGN MARKETS
were generally steady. The amount Of bullion
which went into the Bank OF England on balance to-
day was els 900. Erie was frmer, opening at 3O1S.
advancing at one O'Clock to S016 30a and closin
~ 0Vc O'CLOCK r. M aC oO'8. COnSOS clOSeu, nVe
O'Clock p NJ, 92% 92A for money and the ac-
count Old 65's lo9, 1918 1895 a 1o9A, new fives
1854 and ten-iorties lO3s a lOSs4, upon a dull mar
ket. At Frankfort 62's were quoted OK. Rentes
at Paris 6if. e7c.
GOVERNMENTS WERE ACTIVE
at higher figures Interest is increasing in respect
TO the bidding under Mr.. Dristow's circular Offer
ing the remaining S179,000,000 of new 1ves In the
open market 1t is premature, however to
state any opinion as to the probable extent OF that
bidding. based upon what may be known OF
bids already presen ed, 1t manifest that Just
as in the case OF the bidding for gold at the Sub
Treasury bids may come in at the last moment
upsettng all previous calculations, and will, there
fore, be delayed as long as possible. 1t was stated
THE GERMAN SYNDICATE
prepared to raise their bid $50 ooo ooo upon
condition that they we're given call on the bal
ance for three months This would require de.
p0sit OF $l,000,000, and the point was raised
whether or not the Secretary might not accept
their bid irrespective OF It's proyso inasmuch as
condition OF that kind named in his pros
pecCus and hold the 100000 as forfeit IN case
they declined to meet the engagement There is
a manifest error, however in this assumption OF
possible action on The part the Secretary, which
seems to have peen overlooked, viz THAI all
olus hOt stTlctly conforming u tNe requirements
OF the circular are simply no bids ana would
nave TO be ignored by the Secretary if
other bids so conforming were before him.
Thus II any one bid for S1,0o0,000, or
$5,OOOOO0, or $lO,Ooo,OoO or $4,000, 900. in
strict conformity with Mr.. Bristows offer of these
bonds without conditions, he or they would have
precedence OF this syndicate in the award, and If
no bids other than such presented by this syndi-
cate are offered, and this or any other similar one
imposing condition be accepted by the Secretary,
1t would not be an award In accordance with the
terms OF his circular. but separate and distinct
negotiation forced on MIN by the failure of re-
sponse to his puDlic proposition.
CLOSING PRICES OF GOVERNMENTS
were foows-Cnted States currency skies,
III Il71; do skies, 1881, registered, 115X 116;
do. do, do coupons, l175s q NIX; do. hve-twen-
ties, 1862, registered, 12h 1l3; do. do, do,
pons, l12,s l12k; do. do, 1864, registered 1l4X
1l5h; do. do, do, coupons, 1151s o 115%; do.
do, 1865, registered, lleh 1151s; do. do, do.
coupons, 1854 1l7k; do. do, do, new. regis
tered. 1854 115H; do. do, do do, coupons, 1l6A
1leM; do. do, 1857, registered, II5% 1i5&; do.
do, DO, coupons, 1l7h 1l7a; do. do, 1868, reg
tstered, 116k a l17 do do, do, coupons, 1l7k
n7h; do. ten-torties, registered, 1i2 112t4; 90.
uo'' coupons 1923 ll24 do 1ves, 1881, regis
tered, III 11lk do. do, do, coupons, 1122.
u2h.
IN OTHER INVESTMENT SECURITIES
there was small business IN railroad bonds