The New York herald., 1874-09-29
THE MONEY MARKET

THE MONEY MARKET
presents call loans still easy at 2 and per cent
and prime mercantile paper to per cent The
Redemption Bureau has within the past six days
called the national banks for $4, 25O 900 legal
tenders on account OF their notes redeemed. Calls
Will now be made at the rate OF 1000, 600 per day
until snfncient amount has been received to
Justify the resumption OF redemption.
FOREIGN EXCHANGE
is dull, with prime bankers siyty-day bills 4s31l
Asa and demand bills 4.s6 4.564. The London
market Tor securities is quiet and steady The
Liverpool courier says -''The recent strong ad-
vance in stock prices at New YORK Is accounted
for by the papers there By the more ouoyant and
healthy feeling that prevails, founded on the be-
liet that there Will be a good tall trade. Leading
merchants report trade as more satisfactory than
at any previous time tnis season, and the favor
able aspect of affairs has naturally tended to i'm
part tone OF confidence and strength to the stock
MARKET" Reichmarks. 947S and o55i; cables, 965I
q 964 prime Paris, 5.16T 5l63S.
Internal revenue receipts to-day, $685. na-
tional bank notes received to-day for redemption,
100000.
THE FOREIGN MARKETS
were quiet and generally steady. Closing prices
at ?. NJ. were as follows :-Consols. money,
92h do, account, 92%; Old 1865 bonds, 1Os5s
1857; 1857 bonds 1925 new fves. 1919 1042.
4
American securities frmer.
The Bank of England gained G51, 900 bullion on
balance to-day. Rentes at Paris were easier-63E
15c.
GOVERNMENTS
were firm upon fair dealings in the morning and re-
strcted operations IN the afternoon. Prices closed
as follows Tinted States currency SKIES, ll7at a
MY do. SKIES 1881, registered ll7% a 1l7l1; do.
do do coupons, l1s a 11s1S do. nve-wenties, 1862,
49, co. do., 1864, registered, 1l4J4 ll415; do.
do. do, coupons 115 a l154; do. do, 1866, regis
tered. 1l5H a 115H do do, do, coupons ll6
ll64 do. do, 1866, new, registered, ll5A ll5A;
DO. do, CO., coupons, 11534 IlG; DO. do, 1867,
registered 1l5zS l16S; do. do. do, coupons. III
117h do. do, 1865 registered. 1164 III; do. do,
do coupons, III a I1714 do ten-IOrties, registered
1l0& 1l07S; do. do, coupons, 1lI6 1ll%; do
fves 1881, registered, liz a l121s; do. do, do
coupons, H. 1925.
In respect TO
STATE BONDS AND RAILWAY MORTGAGES
there is sti an active market in the latter, al.
though the former are almost neglected. The
Pacific securities continue to monopolize atten-
ton. The bondnolders OF the Chesapeake and ONO
Railroad Company are rapidly accepting the prop
osition OF the company to fund outstanding
coupons. Messrs. FISK & Hatch report the funding
ofcoupons on over $4,000, 600 bonds the past week.
Under dates OF August and september 10 they
published circulars in reference to the company,s
affairs, which every one interested would do well
to procure If they desire to examine the funding
proposition.
Central Pacific bonds closed at OK a o2y. ana
Union Pacincs SO a S9H for nrsts seII a SO X for
land grants and 75h 754 for sinking funds.
Western Pacincs closed s4 a s4h.
CLEARING HOUSE STATEMENT
Currency exchanges. ............'.. .3l2, 1913
Curl ency balances. 2I44,43
GOld exchanges. ....s.siss.s..s'sss.. ,'ooa'o,a