, 1874-07-10
MONEY AND COM MERGE.

Tut,nHpAr EVENING, July 0.

TuvnapAr EVENING, Ju1yo.
4onn. yoro III slight demand. to-day INC
,ro,noo. Of a rovlyal Of businoss with which
:In1y opencd Inns no. boon horfie out Il''B must
lo. excopt for extraordinary reaaone aali Boa
so,, nnh t,,sra Is no likelihood Tint Tits month
will provo an exception.
The rato Of discount cxcopt at the Board OK |
Trado banks, Is 10 por cent. Occasional con.
oossiony from this rato nro inado' AZ sho I'onta
Of Trndo bnpks tho ra.o Ia 8 per cent, ana
1855 under como circumstances -Four mohtna,
aud oyeu three months, papor Is nos reaaAS
taken By tho bauks. Since tho list OF July Troy
have been discriminating In favor OF w aey aho
30 day paper. There are no ron' appfohens'ons
of al,y repetition Of the troubles OF lae. 1a o"'
tho bnnls do not intend to put themselYon III
position to be takon by surprise.
Tho receipts and shipments Of currency ase
about equal.
The cioaringe to-day woro e8,4oo,oo0.
New York exchange wns firm, and cloaeu At
par totwcen banks.
Mr, uiilnouso, tho Assistant Troanurer Of tho
United Btates at Now. York. haB boon reap
pointed Tho balance on t tue saplronsary !;
rospoIsiblo, amounted, day boforo ydstordhy, ia
round uuInbors, to ei1B, 900, 600, botug near'y
Isl, 900 900 gold, a54, 800 900 curronoy, and tho
hnlauco in coupona mud honda.
York has asopped work. Thia Company
hns boon printing ono side =, Of the
United Rtatcs fract1onal currency, the other 1hss
sido being printed by the Nationnl Da9h Noto
tic dolumbian Balk Motto Company Of Washing
ton, D. G., understood to 10 owned b! A. H.
shsple widely known " eonn0oton h'nmaa VIII tNe tno
York companies had to close up. It Is alleged
tlat on ono Of tho new contracts for printing
ca1rreucy tho Now York companies bid AZ low as
1a 1000 soets yet TIC &C eonssae' 5s ,nr was gooa @
ehccts. Tho american Bank Note Company
have discharged about 26o hands. ..,,,
The Continontal Dank-Noto Company re e, atill tl
in aoso operaon printing lS Gn''eM * aaa
TIE CANADIAN LOAN.
Describing tne results Of the operation n
which tbs Finnnco Minister OF Canada has lately
been engaged upon the London Stock Exchange,
tho Toronto Globe Haya The new loan a., ia ~ fot
E4,0o0,o00 sterling, or, IN currency wv.
It las been disposed Of at 90 cents to the dollar,
to tun. No portion Of thls loan is subject to the
imporipl guarantee, which will bo inTokod to-
the @ further iasue Of 60 600 900 at future dsy
IL this rcspoot the 1oan dI1ers from ths
was of mixed nature, portion being. guaranteed
aud portion unguarantoed on each occasion
Tho aotual cost Of tho loan to tho Dominion o
CanndA Ia equivalent TO IN nnnuaA caa1Re o.
a4.b2 Dor ccutum Oh tho par yaluc-or, say,
traction over ~ per cent. At the time tito LOAF
waa issusd, Canadian unguerauteed 9peE cent
wore quoted at l001{, Or, less July divtdonda
lo7. A5 per cent loan at q premium Of Z !
equal to MI annual interest Of "a. .67 peI cont. !
appoara therefore. TINT Mr. Cartwright succeed q
Cd In floating tho now loan at charge equal t
it ceuts on ovory 800 loss than existing Becur1
ties Of tho same class. This represents . asavln
on tho total amount of tho loan (s10 600 .00l
OF $40, 400 por annun,, or on tho thirty years til
loan Inns to l1,n OF 4852, ,000
MONEY in NEw YORK.
Tho Journal Of Commerce says:
The do,,,and for money for temporary ,lHc 10 insu
Nclent to g1va esnposaont to tho Increased at1,ot
seeking borrowers in this ny, even at current rates
dnteresf Thcro IL arl,arcnt llcaltancy on tho pa
Of capitalists to mako large inyessments IN IN ny q
Secretary Or the Treasury arc more fuzzy doYelope
Ioaas subject to call freely oHeroa IN iar8n sNE
upon Government securities ot per cent, and {
stock colaterats for ordinary requirements at p
cant, First-c1nsa commercial parcr having TO
months to maturity y negotiated by dealera at 6G
per cent ior annutn discount.