The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-02-10
FINANCIAL Ind COMMERCIAL
Money Advances 10 and J Per Cent but
Closes as Usual.
GOLD WEIR FIRM.
WALL STREET,

MONDAY, Feb. 90 p MI
The money market responded to the presence
of new influences to-day, and was very
strong for time at per cent There
were also a few late transactions at 7 per
cent made perhaps TO give direction to the
market; but the eort was too late to exert effect
and we accordingly note the close at and per
cent the rates at which money was loaned during
the greater part OF the day Foreign exchange
closed duh and weak at 81 "a for sixty days prime
bills and 81 s71s for sight, with business nepo-
liable at lower figures. IL is but fair TO add that
TO government bond dealers money is so penti-
FULLY offered that they cannot find use for 1t, and
that even such low rates as and per cent are
common quotations.
THE UNITED STATES TREASURY.
The following are the latest reports from Wash
ingJon Notwithstanding legal tenders, 1881 600 500;
the increase to-day was S2l0,e99; the revenue re-
Ceipts amounted to 1864, 200; the Treasury bal
ances at the close OF business to-day were
50, 1000; coin, ss4, 775,ooo, and certlncates,
$44 75O 600. The customs receipts to-day were
$3.50 The Assistant Treasurer paid out 1892 900
on account OF interest and $197, 900 In redemption
OF fve-twenty bonds.
GOVERNMENT BONDS
Unusually large purchases or this class of securi-
ties are taking place, and for no other reason than
cannot find use for their money. The situation Is
strange one, yet complimentary so far as regards
the favor bestowed on United States bonds. The
latest quotations for this class OF securities
were as follows, being strengthened by
demands from corporate institutions as wen as
individuals United States currency skies, 1164
III; United States slxes 1881, registered 1l9h
11sa4: do. do, do, coupon, 1879 12o; do. five
twenties, registered. May and November, lis
1ls1s; do. do, 1852, coupon, 116A l17A; do do,
1864, coupon, 11s3s 11S7s do. do, 1865, coupon,
IlszS 1917; do. do, registered, 1867, January
and July, 11S7s 119; do. do, coupon, 1865 lls7s
ll94; do. do, 1867, 1873 1893; do do, 1858,
1l9A 1l974; do. ten-forties, registered, 111sl a
1928 do. do, coupon. 1154 49, 90. fves, 1881,
registered, 1l2 1884; do. do, do, coupon, l13
113A
was somewhat frmer to-day in price, and
ranged from l11I to 1l2k, the final dealings
being at 1929. The rates paid for carrying were
BE-. and per cent the closing rate at per cent
OPERATIONS OF THE GOLD EXCHANGE BANK TO-DAY.
Gold balances. Sl,540o55
Currency balances. Observation-Disclosures. 1882, 9O1
GROSS clearances- ...........--......- oZ,LsAuOo
CLEARING HOUSE STATEMENT.
Currency exchanges. SCI, 625 800
Currency balances ACKNOWLEDGEMENTS. 232l, 6ol
Golu exchanges .---''......'.'''' III, loZ IL
Oolu pad Observation-Disclosures LVs4, ~
THE FOREIGN MARKET.
Late advices report consols and American Sc
culiries dun and without change. We quote Hi
nois Central at 9sal; consols Tor money, 90 926;
40. for account, 921s a VA; fve-twenty bonds Of
1866, old, 1os4; do. d. 1861, 1Osa; ten-forty do,
1864 new ives 102ss. 1929 Erie Railway shares,
- Az a44h; New York Central shares, $50
95h. The amount of bullion withdrawn from the
Bank OF England to-day was $4,000 Paris
-
ing are the ruling quotations in Amsterdam
Central Pacific first mortgage bonds, s2%; Union
Pacific first mortgage bonds, 1917; Union Pacific
stock, 80; Northwestern preferred, 674; ST. Paul
preferred. 63h.
SOUTHERN SECURITIES
were inactive. We note sales OF old Tennessee
SKIES at s2a4; do. new at SO; Virginia skies, con-
soidated, at SIX SIX; new South Carolina SKIES,
January and July, at 1o4; Missouri SKIES at 92a;
North Carolina sixes second class at II, and third
class at rs. Missouri skies, OF Hannibal and ST.
Joseph ISSUE at 9ol4 a eOH. The following were
the late bids Missouri SKIES, 921a; do. do, Han
nibal and 81. Joseph issue, 9oh; do. do. Asy
lum or University, 90; Tennessee SKIES, old, s214;
do. do, old, ex-coupon, 63k; do. do, new. s22t;
do. do, new, ex-coupon, 633s; do. do, new Sc
ries, 63k; Virginia skies, new, Ass do. do, con-
sohdated, 51h; do. Georgia SKIES, 70; do. sevens,
.
skies, Old, January and July, IS; do. do. North Car
DINA Railroad, January and July, IS; do. do,
do April and October, "a; do. do, do, of, JAM
nary and July, 80; do, d. do, of April and octo-
ober, so; do. do, Funding act 1866, 24H do.
do, special tax, class No. l, To- do. co., do,
class No. 3. 1li; South Carolina sixes Is; do. do.
January and July, 81; do. do, April and october,
20; do. do. Funding act, 1866, IA Arkansas skies,
Funding act, 30; do. sevens, Little Rock and Fort
Smith ISSUE 20; Texas tens, 1876, IS.
BANK SHARES.
Bank shares sold at log for Fourth National. The
remainder or the list was neglected. The latest
bids are ;-New York, 123; Merchants, ZIG; Me-
chanics' 1856; Union, 1921; City, Dos; Mechanics
and Traders, 121; Leather Manufacturers, $50;
Commerce, us; Chatham, 1913; Bank OF the Repub-
lie. 90; Bank oil North America. IS Irving l22;
Metropolitan, 1917 Market, 11e; Nassau. 100; Shoe
and Leather, 141; Corn Exchange IFS; Continental,
75k: 81. Nicholas, 1O2; Importers and Traders,
1888; New York National Exchange, So; Fourth
National, 1867; Oriental, les; Gold Exchange lis;
Bankers and Brokers' Association, 81 German
American, 80; Germania, ll21l.
RAILROAD BONDS.
The advance in railroad bonds was well defined,
and showed thorough sympathy with the condi-
tion that has been elsewhere and heretofore de-
scribed. Like water money Is nndlng its level, and
In choosing old railway bonds it is simply demon
strating the confidence OF capital in that which has
been proved and not found wanting. Central Pa
cities were nrm, with sales al 90. New York Cen
trail skies OF 1887 sold at s2I Erie, FIRST extended,
at 1925; Albany and Susquehannah, second, at
DsK; Union Pacific, first at s6h; do. sevens at
IS; do. tens at s2 Alton and Terre Haute, second,
income at u.s. Ohio and Mississippi, consolidated
sinking fund, at 9S d. consolidated. at 81; c., G.
Erre CNF. e~
The following were the bids at the CALI
ew ork cen D. = o.. ya44 Iowa Mid lstm gs... 90
Few 1ork Cen Us q. va Del, Lack W LIST m..lu1
New YORK cen os, T. e ~ Del l. = WIS. con......luf
New YORK en- oS SUD. " IO a Wat lst ul ex... g5i
ERIE LIST IN ex .....luzA Toll Nah Isl n.st d. So
Erie I'd M rs, 7y......lW JOl War "a gl
Erie % IN rs, 3D.. st5 lol NAb -