The New York herald., 1874-08-04


FOREIGN EXCHANGE
opened dun, first class bankers sixty days. ster
ling selling at 4.s71s and sight at 400. The range
for bankers bills, including nominal rates, was
&s7 to 4-SS for sixty days, and 4S9H to 4.9OK for
demand bills. To-day being
A HOLIDAY IN LONDON
We are without foreign advces to AFFECT these
markets. Rentes ut Paris were quoted at the
close 63L S2Hc.
MONEY CONTINUES EASY
bt to 2M per cent on call loans, and to tx per
rent on prime short daT paper and to per cent
for long date, OF both OF which grades the market
Is rather bare.
THE DRY GOODS TRADE.
The regular monthly statement OF dry goods i'm
ports, as compiled from the Official returns, show
A SATISFACTORY CONDITION OF THE FOREIGN TRADE,
the total importations, Notwithstanding the 1nan-
cial depression, being, during the last seven
months. only So 750, 600 below the amount in the
same period last year. when trade was unusually
prosperous And of this decrease it is to be OBJ
served that $42 occurred in the entries for
warehousing while the decline IN the entries for
consumption amounts to only $2,500,000. The
total amount Of fabrics thrown on the market
during the period was $65476,317 against
$40, 1882 In the time In 1s73 $7637 400 in
1872, and $73, 1856, ,O22 in 1871.
These figures will hep TO explain the steadily
DOWNWARD tendency Of the gold premium during
the past year, year more filed with distrust,
lack of confidence ard all that uneasiness which
used to make gold high. than any since the close
Of the war. 1t Is the observation OF shrewd
Wall street man that If the American women could
be brought into league TO wear noihing but do
mestic fabrics Tor year, wearing out, of course,
what they have but not adding to their foreign
stock, the premium gold would be wiped out
and specie payments resumed within the same
period.
THE FAILURE OF A METAL HOUSE
aur1ng the past week served as a theme for con.
siderable "bear" eloGuence. In this connection,
therefore, 1t is gratifying to note a marked
revival OF activity IN the iron trade. Nor
Is this confined to any particular local.
Ny. 1t includes the iron interests OF
Paterson, as well as III tsburg, Johnstown, Phila-
delphia and various places IN OHIO, Missouri, Ten
nessee and other States Among the first to feel
the effects OF the panic, and, naturally from the
great blow given to American railroad enterprise
by that event, perhaps the most largely affected
thereby this interest exhibits at the present time
very healthy revival OF industrial activity. or
course 1t is not Intended to assert that this
REAwAKESED ENTERPRISE
extends to all the iron factories mills and fur
yaaces throuYn2ut the country. But great many
blown in, and movements are on foot to start
more factories and furnaces, while employment in
the iron trade Is not so difficult to obtain as for
merly The outlook, taken altogether, is
regarded as exceedingly hopeful Iron ship
building on the banks OF the Delaware
seems to gain new impetus with every vessel
launched, and was never better than now.
GOVERNMENTS WERE STEADY,
with, however, limited dealings, closing as fol-
lows:-Unted States currency SKIES, 1171s 17A;
90. skies, 1884, registered, ll7& 1l7h do do, do
coupons IlsX o 1lsh; do. hve-twenties, 1862
registered Ill o liz; de. do, do, coupons, Ill o
il2; do do, 1864, regis ed, ia 1l4h; do do.
DO. coupons, Il5H li5T; do. 10. 1868,
registered, I14k a us; do do, do. coupons l162s
III; do. do, 1865, new, registered, llo lloh;
DO. do, do., coupons, llo H6A; do. do, 1857,
registered, 115K 1l5si; do. do, do, coupons,
l17k Il7x; do do, 1868, registered, ll6 ICY;
do. do, do, coupons, 11S 1lSH; 40. ten-iorues,
registered, ITO 11OX; do. do, coupons lla's
ilaX; do. nves, 1881, registered, 11lh 1l1%; DO.
do, do, coupons, 1l1H a 1l2
IN RAILWAY MORTGAGES
the sales at the First Board amounted to $4Sooo'
but the market was firm in tone. Central Pacincs
advanced to 90. Union Pacific frsts brought sah
o IS, land grants SIX and incomes 81 Toledo ana
Wabash rsts, st. Louis division, sold at 761s ",
ex interest A sale of Chesapeake and onio nrs's,
coupon on, was reported at so. In the afternoon
prices were steady. Harlem nrsts sold at 1864 and
1854 for registered and coupon respectively. Erie
thirds brought 9s. The other transactions were in
small lots. Central Pacific bonds closed at s9A
soX, and Union Pac,acs s4% a SO for irsts, s2b a
SIX for land grants and 81 a SAX for incomes.
Western Pacific gold bonds closed at so o sh