The New York herald., 1874-07-17

GOVERNMENTS WERE QUIET
and steady, without any new feature. II was
learned to-day that the German Syndicate, which
recently made an offer to the Secretary Of the
Treasury before the issue OF his clrcular) for a
portion OF the enaining fves, has subsran-
TALLY repeated that offer. They agree to take
$25 5OoO 900 al the terms offered, provided that no
more are offered for three months, or tnat they
have call for the balance. In other words. this
Syndicate proposes to take $4,000 900 If they be
given three months to sell them in before anybody
else gets any more, or provided they have the
privilege Of
EXCLUSIVE CONTROL
the balance, to be called for by them as fast
as they find market for them irrespective OF
time. There are probably many other bankers who
would be willing to make such o bid, especially In
its alternative, as that would give them the con-
troll OF the entire new five per cent loan; but If
this Is q fair specimen Of the biddng under Mr..
Bristows proposition 1t does not SAVIOR very largely
OF success. In the meantime new fves could be
purchased in the open market to-day fraction
cheaper than they could be bought OF Mr.. Brist0w
under the terms OF his circular, calculating gold
on the basis OF 110-a fair figure for the current
market where the actual price nuctuates between
1o9X and 1924. The following were the
closing prices:-United States currency skies,
11sH 1l7H; do. do, 1881, registered, l15X
twenties, 1862, registered. 112,s 1924; do do,
do. coupons, l12h 11s; do. do, 1884 registered,
lis 115>s; do. dO., do, coupons, 1151s 1l5a;
do. do, 1865. registered 115N 1l5H do. do do,
coupons l16H III: do. do, 1866, new, regis
tered, I15X 115T; do. do, do, coupons, 116k
116H; do. do, 1867, registered 115,1 115h; do.
do do, coupons, 117k 1173s; do. do, 1858. reg.
istered, 1I6 a 1161s; do. do, do, coupons, III
1l7k; do ten-forties, registered, 112h 112's;
do. do, coupons, 1l2A 11s; do. fves, 1881.
registered, Ill q 111< ex interest; do. do, do,
coupons, 1929 1929.
GOLD, 1092l a 1897.
The gold market was equally dull with the stock
market all the sales Of the day being at 1O91 and
1897, the lower nGure being the opening and clos
Ing price. ON loans the rates were l, 11s and
per cent for carrying. The bids for government
gold at the Sub treasury amounted to $4.3s5,0oO,
at prices ranging from 0927 to 109.77, the award
OF ST. OC0 900 being made TO single bidder at the
latter figure The Assistant Treasurer paid out
&135 900 on account Of interest and $4,000 in re-
demption fve-twenty bonds. The customs re-
ceipus Tor to-day were $35S. .OOC, and for the week
ending July II $S,6OO,oOo.
THE MONEY MARKET
continues easy at 2 and per cent on call loans,
closing up at az per cent; and to per cent for
flrst class mercantile paper. Later private al
the fire at even less than the cautious estimates
yesterday and it is further stated in this connec-
tion that the losses OF Eastern insurance CON-
panies are much less than has been apprehended.
The Treasurer at Wa shing,on to-day received $317
national bank notes for redemption. The internal
revenue receipts were $685., 900.
FOREIGN EXCHANGE
was quiet with q weaker feeling on the basis of
4.s7 for bankers sixty day sterling and 4s0Il for
sight, the selling rates being 4.S61s and SO respec-
lively Reichmarks were quoted e51 and 969s
cables s6yf a 81; prime Paris, 5.I4ss and 5.Il,4.
The Bank OF England rate or discount was un-
changed at the weekly meeting to-day remaining
at ~ per cent. The bullion in bank decreased
during the past week f2Oo, 900. The bank now
holds proportion of reserve against liabilities
amounting to 44Js, against 42ss last week. The
increase of specie in The Bank OF France during
the past week was 16,57s,oo0 francs.
THE LONDON MARKET
was especially active for Erie to-day, with some
rapid fluctuations. The market opened at the
quotation OF 304 30n, from which there was
sharp advance up to hafpast two T. M. to 81, from
which 1t fell OF to 30a4 81 at five p. NJ and again
A. half-past five TO 800 3OS. The market iOr Sc
cnrlties was generally easier alike for bonds and
cons0ls, the latter leaving Off at 925I 92k for
money and the account. American bonds were
tirmer at the close, old siyty-Gves leaving OF at
10sA, sixty-sevens, 100h ten-fortes, 1861; new
fvcs, ex coupon, 1osk; Erie common, 3OI& 3Oh;
Erie preferred, Al. siSty-two bonds at Frankfort
were quoted 979+. Rentes at Paris closed buoyant
at 81 francs 671s centimes.
The investment securities were without partic-
uIar feature. Railway mortgages were In good
request at fair prices, az will be the official
list of sales. state bonds were dull and steady
| "a ,arL oho roo noOiected