The New York herald., 1874-10-23
THE MONEY MARKET.


Money to-day loaned up to per cent, closing,
however at per cent The stiffness the rate
Ii doubtless due to the redemption process that
has recently been commenced at Washington.
which Is gradually calling in bills.
Foreign Exchange was firm at 81 SIS a 81 IS for
prime bankers sixty days sterling, and 81 ss51
81 ssA for demand. There was more inquiry
for bills to-day especially for demand and cables,
owing to the arrival OF securities rom Europe by
recent steamers.
1t Is said by bankers that we may look for larger
activity in money and higher rates OF interest.
THE UNITED STATES TREASURY.
The internal revenue receipts to-day were
$3.50, 900. TIE customs receipts were $276 00O The
national bank notes received for redemption
amounted TO $4,000. The Assistant Treasurer
to-day paid out S8, 600 on account OF interest and
$4,000 in redemption Of fve-twenty bonds. The
customs receipts for the week ending October II
were s., 500, 600.
GOVERNMENT BONDS
were comparatively strong. The business also
was somewhat more active. The transactions were
larger than usual, although made up in small
amounts The following the latest quota
tions:-Uhited States currency SKIES, IIs 1lSK:
do, 1881, registered l17z lis; DO, 1881, 1iSK
Q llSA: do. fve-twenties, 1852, registered. 10ok
ITO; do do, coupons, ll31s 113h; do, 1884, reg
istered, l11X q 112; do. do. 1884, coupons, ll6K
Q 116x; do. do, 1865 registered, 1l3 q 113H; do.
DO, 1865 coupons 117h ll77s; do, do, 1865,
registered, new, 1leh l1e1l do do, 1855, cou-
pons l16n l16A; DO, DO, 1867, registered, 117H
11Th; do. do, 1867 coupons, 1l7k u7X; do,
do, 1868, registered, 1171 NIX; do, do., 1863
coupons, 11794 l17H do. teniorties, registered,
ulzs ll2; do. DO, coupons, 112 1l2,I;
do. nves, 1881, registered, I1H 1llX do. do,
1884, coupons Il2sS 112T
THE GOLD MARKET
was generally steady, The sales OF the Gay being
on the basis OF lloH l1oL. The rates on gold
loans we're /, ana per cent for borrowing, nat,
and l and 2 per cent for carrying. Time loans are
quoted at 4 for use for so to 90 days.
CLEARING HOUSE ST ArEMRNr.
Currency balances. ces...................... 41l4,369
Goin exchanges. ......-................ S,S3Z,os2
Goio balances .-..-....... l,SSe, 503
The bids Tor government gold to-day amounted
TO s1,165,0oo, and ranged from 109.78 to 1Io.2o.
The award lor $4,000 was made between l1o.oeK
1920.
TIE FOREIGN MARKET.
London advices indicate general steadiness for
American securities, with but single exception,
to wit: New nves, which declined 10 1903. No cause
or explanation is given. The Bank OF England
directors to-day did not change the rate OF dis
count The decrease in bullion for the week was
100000 sterling, and the proportion OF bank re-
serve 10 liabilities is 36h per cent, against 35x
last week. The late prices were as follows:-
Consols, money, 92e. 92A; do, account, e2z; Old
1865 bonds, 1861; 1867 bonds. losA; ten-forty
bonds, loss4 new loan, 1o3 loaX Erie, 27H, firm.
Rentes at Paris, s2s. 27Hc, Market quiet but firm.
SOUTHERN BONDS
were comparatively quiet no important sales
being reported. Judging from the dealings at the
Board there is q growing indication to manipulate
tnis class q securities until they placed upon
secure foothold. Carpet-oaggers have deranged
values, but wheE IL is shown 10 the satisfaction OF
the moneyed men OF the country that the promises
OF the various Commonwealths will be fulfilled and
that state Legislatures Will protect state honor,
arrange for the payment OF interest and prove
ability every year to promptly meet the payment
Of their obligations, there will certainly be no bar
70 the advance OF nearly every Southern State
bond. The market to-day was generally neg
l.nrod hnf the 10 hlds wnrn.