The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-04-25
The Market Buoyant and Specu-
lators Encouraged.
ONE ST T. A DY.
Gold Without Improvement Railroad and
Government Securities Easy.
WALL STREET.

pertinent. HOW suau we. sOonest anu uiust wisely
attain the end which the Executive has In WE'VE
The subject IL being earnestly discussed among the
thoughtful men of Wall street, and the only diver
sity OF opinion is as to the means whereby redemp
tion may take place without undue contraction
and without disturbing the functions OF trade.
First, may rely upon the product OF our mines,
which, Ike grain, Is subject 10 the varying infu-
ences OF trade YET. jndiclously fostered by Con-
gressional legislation, would add to the legti-
mate Custom House income that daily nows into
the vaults OF the Treasury. We might from these
sources safely 10000. 600 year, of which
sos o0o COO in roand numbers is expended for the
payment OF government interest The retention
OF the difference would unquestonably
STRENGTHEN THE TREASURY
and each year improve It's ability TO provide for
eventual redemption. plan, however, has been
suggested by a well known hnancier which looks
to the solution OF the difficulty by shorthand
process 1t this :-That Congress shall authorize
the sale OF sag $780, coo, 900 OF i've and half per
cent gold interest ten year bonds, the result of
which shall be accumulated in the Treasury, to be
held Offset for the gradual cancellation in
coin OF an equivalent amount OF legal tenders.
TIE MONEY MARKET.
Money loaned on call at a per cent during the
greater part OF the day. The discount rates are
unchanged. The greater confidence among money
lenders is attended by renewed offerings OF capt.
tai. Foreign exchange was frmer, but the de-
manG moderate and the supply OF bills lim-
tied. The. leading bankers advanced their rates
for sterling 4.s6l5 and 4.s9s for sixty days and
demand. with actual business at 4.s6 a 4.ss1s Tor
prime sixty day bills, and 4.s9 4.s9H for demand.
Commercial bills commune very scarce. and are
about Asa for documentary and ass for bankers
acceptances. Continental exchange was quiet and
hrm; Reichmarks, s5M a s5s. Tor bankers long,
and s62 for short Paris francs 5l71S 5.1s1. Tor
bankers long, and 5.12is 5.13si for short COM
Mercial francs are IL small supply and selling at
h20.
THE UNITED STATES TREASURY.
The balances in the United States Treasury at
the close OF the day ere:-Currency, s2,0i6,0sl;
SPECIAL deposits OF legal tenders for redemption OF
certificates OF deposit $50 COO con, SIS. oos;
including certificates, s3s, ga, ooo ontstand-
ing legal tenders, $751;, 100000. The customs re-
ceipts to-day were $232, oo0 The Assistant Treas
urer paid out TO-DAY $500 on account OF interest
and $4,000 IN redemption OF fve-twenty BONDS.
GOVERNMENT BONDS.
Government bonds closed steady in tone. The
following were the latest qaotations:-U
States currency SKIES l1sh neg; do do, 1881,
registered, 1l9 1191s; do do, do, coupon 1909
. 1915; do. hvetwenties, 1862 registered,
1lAs I15l4; do. do, do coupon, us 11sl4;
DO. d. 1864, registered, 1151s 1l6i4: do. do,
tered, 115h 116z, 40. do, 1865, coupon, 1904 a
la0Z: do. do, 1895, new, registered I1s4 1lSa4;
do. do, 1865 coupon, 1l9s 1l9ix; do. DO, 1867,
registered, 1194 119ss do. d. do, coupon, 1867,
1l9n 1194; do do, 1865, registered, lIsA q
Il8k; DO. do, do, coupon, 1893. 119 1I9I; do.
ten-forries. registered, ia 1141s; do, coupon,
1l4s 1l41s: fves, 1881, registered, 114s< lis;
do do, DO, coupon, ll51s ll6l&.
THE GOLD MARKET.
this point the price was generally maintained dur
ing the day. The rates paid for carrying were 8,
AZ, Q i. 4, 6, az and finally per cent
OPERATIONS OF THE GOLD EXCHANGE BANK.
Cold balances ,o3
Currency balances. ACKNOWLEDGEMENTS. l.5o,237
Groes clearances ......-..----...-. ll5,Uo4,Uoo
CLEARING HOUSE STATEMENT.
Currency exchanges t7e, 23I, ss4
currency oalahces-.. 43s' -
Goid exchanges. t,o.o'4lI
GOlu DalauceS.
DRY GOODS IMPORTS.
The imports OF dry goods at this port for the
week ending to-day we're sl,s4O,S2l. and the
amount marketed sl,7ls333. The imports for the
corresponding period OF last year 81 oss, T4s
and for 1877, s2,43a,7a5.
THE FOREIGN MARKET.
Late London advices report the market dull and
nrm. Erie moved down from 31s. to 30a. New
York Central advanced u per cent The last
prices are as follows:-Consos for money, 927s !;
do, account 90; fve-twenty bonds 1885, 1905
1867; do do, 1867, 1881 100; ten-forty
bonds 1o4Js 1o45s; new ives, 104l4 a lo4's; Erie
shares. 30I; New York Central, So. In Paris
rentes are quoted at SO 671i. Twenty-three thou
sand pounds in bullion went into the Bank OF
England on balance to-day. The following are the
quotations in Amsterdam Union Pacific stock,
xh; Northwestern preferred, 57i4; Erie shares,
30. In Frankfort United States bonds or 1862 are
ss1s.
SOUTHERN SECURITIES
continued dull, and II is unnecessary 10 repeat
quotations. The sales to-day we're OF Missouris, at
9lh for plain series and e2 Tor Asylum bonds. The
late bids were as iolows:-Mssoun SKIES, 94E;
Mississippi SKIES HANNIBAL and St. Joseph issue)
81; Tennessee skies, old Sc; do, new series "a:
Virginia skies, new, 30; do, consolidated, so;
North Carolina skies, North Carolina Railroad
January and July IS; do. do, do, April and octo-
ber 35; do. do, do. Oh January and July. %: do
do, do, on April ana october % south Carolina
skies, 20; do. do, January and July, : do. Fund
Act 1866, IS; Texas tens, 1915, 50.
RAILROAD BONDS.
Railroad bonds were duh and weak. Chicago and
northwestern consolidated gold bonds sold at s. a
s5x, Union Pacific nrsts at So. ASK. land grants
at 7s,S incomes at s4is, Morris and Essex secodds
ut 1904. G.. G. and ]. c. nrsts at S3H, anu Alton
and Terre Haute seconds, preferred. at s7h.
The following were the latest bids: -
Alb susa I'd bds...... ~ Clev, Y "a old bfs 100
bos, II Il LIST No. A1r1 tlev. q A new BIDS.
Bur. X NJ Isl, rs 2 20 Bun Erie BIDS. gtI,
CHI \ Alton sink luna lOy Bun Il state lin. 5's rs
Chi Alton lst .it6I, Lake shore dty bds att.
Chi Alton income "a, Lake shore con. "A ~ 80.
Joliet A Chi LIST ....i07 Mich EN- con - lor ,s
l.. Jack A Chi LIST ~ Mich Cen lat M "a ~ lOs
Chi, Bur Q5pc. lst.ltH5s New York Cen ~ s.. ~
Chicago, i Il Pacinc lu5 New York Zen ga 81 81.
q. q LIST NJ Ts.s f.IyZi< New Yo-k Cen iU5I,
N Cen lot M new ..i0Ts New York Isl IN r. 100
N Central, convert. los Harlem Ts iSt m. c..l0y
Am Dock Imp bonds. ~ Harlem r., LIST m r....lBj
Nil St 2 let La y. SIX Ohio 4 Miss "a n, con. u
Nil 81 p LIST m, d 81 Cen Pac gold TT. o..
Chi sf.........sl27s Cen Pac aid bds l02I,
Chi A w Interest BIDS ~ Western Pacific bonds 81
Chi N W exten BIDS. - Union Pac ist m bds...
Chi w LIST M. 80. lOA. Union Pnc gTs..... Tst.
Chi a w cou DDS. 50 Union Pacific l0's, inc "a,
aalena a Chi I'd m 80. ~ Pacific KR Mo- lst IA IS
Chi Nil LIST 49,. 9s5< RR rs gtd by No
Del Al m Pitts. A Ihi lat m