The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-07-06
Total sales
THE CLOSING PRICES


FRIDAY at three P. NJ. were as foiiows:-western
Union Telegraph, 747s 10; Pacific Mail, 43ss Az;
New York Central and Hudson River Railroad 9s7l
100; Erie, 31a4 50; Harlem, 124 1926; Delaware,
Lackawanna and western, 107A 1913; Lake
Shore, 76is a 1874; Union Pacific, PIX 27as Pitts
burg, S7Z q IS; Chicago and Northwestern, 435s q
43a4; do. do. preferred, 80 COZ New Jersey Cen
trial. 1919 l0SA Chicago and Rock Island, 101h
1919 Milwaukee and ST. Paul, 39I a 3974; do.
do, preferred, 5ss4 59t4; Toledo and Wabash SIX
So; Ohio and MISSISSIPPI, 20 2614 Hannibal and
st. Joseph, 26js 261l; c.. c. and l. c., ls3s a 10.
GOVERNMENTS
during the week were without any new feature
until the appearance of Mr.. Bristows circular
The feeling on Wall street in regard to this
initial step In areorm Treasury policy not one Of
satisfaction. A writer in an evening paper Of
Friday last, who closely reflects the Of lead
ing bankers, thus gives expression to the average
public sentiment In relation thereto, as it is based
on an intelligent understanding OF the matter:-
The opening OF the proposals on the 23d inst.
will be awaited with curiosity as to the result.
gold) III the market at 1929 to 1903 nat" Until the
secret negotiation by Mr. Richardson Of So 00O, 900
OF these bonds Just before he left the Treasury the
amount on standing was $1S5, 600. The bank
ers generally are puzzled at the circular, and
various theories are held, OF which We may men,
ton that 1t is thought that the Secre tary has
already concluded negotiation with some
synaicate Ior part or all Of these bonds.
public; and, provided they did not bid more,
the syndicate should have them at the price, what
ever H. may De, agreed on. 1t is, however, hardly
conceivable that any syndicate would be strong
enough TO take all the bonds; or what Is still more
diflcut to Imagine, mat any syndicate would take
by the Treasury to the highest bidder. II no ar
rangement has been made with any syndicate, the
move OF the secretary Is still more astonishing lor
the Secretary cannot expect that bankers win tak Ike
part OF loan when larger part may 60 at a price
ey pay and e wSe
the s6,000000 from MIR. Richardson, and who h i'd
filed an orier for s15ooo,0oo to s2o,ooo,ooo more
yesterday, withdrew their offer, SO that the whole
matter Is surrounded with perp,exlty to those
who endeavor TO find out the meaning OF this first
important oct OF the Treasury.
Prices Frlday) closed as iollows:-United States
currenc; SKIES. ll5,l a l1e; do do, 1884, regis
tered llsh lls,1; do. do, do, coupons, Iii q
117A; do. Hve-twenties, 1882 registered, ll3k q
lI3k do. do, do, coupons 1l35< q LA: do do,
1864. registered, Il6 l161S; DO. do do, coupons,
ll6I lless do. do, 1865, registered. ll6 ll6h !;
do d., do. coupons, 1851 ll71s; do. do. 1865,
new, registered, ll5T o ll61: do. do, DO, cou-
pons, I6h a l16ss; do. do, 1857. registered l16
116h; do. do, do, coupons, III NIX; DO. do,
1858, registered, 116,. 116A; do. do, do, cOu-
pons, 116H a mo-; do. ten-lorties, registered,
ll3X 113h 49,. do, coupons, l13k ll3X; do.
hves, 1881, registered, 1874 l131.; do. do do,
coupons, ll35I l13h.
FOREIGN EXCHANGE
was quiet, with q disposition towards the close to
lower nominal quotations. Business left or on
tue basis OF 81 IS for sixty days sterling, and
81 9Ox for demand bills.
THE MONEY MARKET
exhibits abundant ease, with q healthy and more
confident tone, all anticipation OF disturbance re-.
sulting from the operation OF the Currency bill
having passed away. and rates ruling on Friday
at to OK per cent on call which, however. re-.
nected the pressing demand to place balances
over the two holidays; and prime mercantile
paper passing at 81 90, with second class as
high as TO 10 per cent
SPECULATION IN GOLD
appears to be rapidly passing away and dealings
becoming every day more closely restricted to
legitimate needs. The range on Friday was 11OA
a llOs., the closing figure 11O3I. The demand for
INVESTMENT SECURITIES
was not active during the week, although prices
maintain themselves at 1rm figures.