The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-01-01
FINANCIAL and COMMERCIAL
4 QUIET DAY In STOCKS.
prioes Generally Steady and
Transactions Light.
MONEY in GOOD DEMAND.
Gold Firm at ITO IA a ITO 38-Rail-
road Bonds and Government
Securities Strong.
IA PANIC IN Rim.
WALL STREET,
"WEDNESDAY. Dec. 3l-6 p. N.

WALL STREET, |
"WEDNESDAY. Dec. 3l-6 p. NJ
The events OF TO-DAY were OF too little conse-
luuence to call for general comment. Stocks were
quiet and the Board closed at one O'Clock P. N.
In honor OF the closing hours OF the year. Up to
tthat time the principal dealings were in New York
tCentral, Lake Shore, Rock Island, Northwest
Ut. Paul. WABASH, Western Union and Pacific Mail.
The advance in the early part OF the day was from
N to y per cent; but the Improvement was sub.
!sequentlv lost, and the market closed quiet.
Panama rose from 100 to Ill, and wound up at no.
Higher London quotations carried Erie to AN, but
later the price declined to 46H. Canton moved
from 90 TO II. Northwest common was very firm,
and bids lair to MAINTAIN Its upward movement.
THE UNITED STATES TREASURY.
The receipts from internal revenue to-day were
$284,778 making total for December Of So, O12 $685.
an increase OF more than s1,5OO,O0O over the re.
ceipss OF November. the receipts for that month
having been SO, $4,000. In October they were
$6,S09,000, and in September soS24, OO0 The total
since the beginning OF The fiscal year is $47 474
The custom receipts to-day were $12s,Ooo The
Assistant Treasurer paid out to-day 81 100000 on
account OF January interest," 1924, 600 for currency
interest and $4s, 900 in redemption OF fve-twenty
bonds. The outstanding legal tenders to-day were
$378765,0o0; increase since yesterday, $521, O0O
Custom receipts Tor the week ending December 20
amounted to $2,00O,00O The following is reported
ny the United States Sup-Treasury to-day Gold
receipts. $1,3s6,s25; gold payments, $1,S33, OO7;
gold balance, $52,420, 023; currency receipts,
$4eo154; currency payments, $47S457: currency
balance $25, sos, 936.
THE GOLD MARKET.
Gold opened at l10I, advanced to 110H, but SUBJ
sequently receded to 110A 1907. The carrying
rates were 6, 7, 8, and per cent, gold, and 11e
per cent, the loans being made TO extend until
Friday. The operations of the Gold Exchange
Bank to-day Gold balances, So. AS 523; cur
rercy balances, $2,970,97S; gross cearances,
SASS, 900.
. THE MONEY MARKET.
Money was in good demand, at 7 per cent, gold
and currency, on call l0ans with exceptional rates
lower to prime borrowers. Mercantile paper is
still quoted at from to 10 per cent The
loan certificates have been reduced to
$1,220,00O, and the banks make q much
better showing at the close of the year than
could possibly have been expected from the
situation during the panic. Foreign exchange was
dull and the tone OF the market heavy. The re-
ports from Berlin concerning the panic prevailing
on the BOurse Of that city have been scarcely no.
ticed on this markets yet logical results are being
worked out on both sides OF the Atlantic which no
shrewd business man can afford to ignore. The
HERALD has too frequently requested attention to
the situation to require further explanation now.
GOVERNMENT BONDS
were In active demand and advanced. We
quote: limited States skies, 1881, registered, 1867
116K; do. DO. do, coupon, 1909 121; do. do,
1862. registered. lib ia; do. fve-twentes 1862.
coupon, 1lSX q 1i41; do. do, 1864, registered,
113%; DO. do, 1ve-twenties, 1864 coupon, 114A
IFS; do. do 1855, registered LA 11515; do do,
1866. coupon, 1l5A a 115X; do. do, 1866, new,
registered 114H q 115H; do DO, hve-twentles,
1886, coupon, new, 119H l19H; do. DO, 1857,
registered, 1151s 116; do. do, fvetwentes, 1867.
coupon, 1893 1898; do. do do, 1858, coupon,
1l9 q 119A; do do, ten-lorties, registered, 1l1s
111H; do. do, coupon III 113H; do. do, nves,
1881, coupon 1l0N NY; six per cent Pacific
Railroad bonds, lax l141s.
TIE FOREIGN MARKET.
Late cable advices from London report that
1851, 900 bullion went into the Bank Of England
. to-day. American securities were strong. Bonds
of 1867 advanced to 1O7K, Erie to 4Sk. Rentes at
Paris were $780, The following are the official
London quotations :-Consols for money, 01T; con-
soils Tor account, o2 fvetwenty bonds Of 1855. DID,
1861; do. of 1867, 107H 1O7A; ten-lOrty bonds
104h 104H; new fves, 1887 103H; Erie Rail-
way shares. 43 4514; New York Central shares
90. This price is on the new basis OF 49,
per American dollar American securities strong.
In Amsterdam the following are the ruling rates -
Central Pacific first mortgage bonds, 80; Union
Pacific first mortgage bonds, 1875 Union Pacific
stock, 26H Northwestern preferred, COZ st. Paul
preferred 57X.
RAILROAD BONDS.
In railroad bonds good demand prevailed for
leading issues. The chief feature was an advance
In CHICAGO and Northwestern consolidated gold
bonds, which reached IS regular, and S54 buyer 90.
The other dealings were well distributed. The
latest bids are annexed:-