The New York herald., 1875-12-18
MONEY MARKET.

per cent notwithstanding the hardening OF rates noticed
yesterday on the Stock Exchange The business done
to-day on call all at TO per cent gold, with the
bulk OF transactions at currency. Just before the
close however, the rates were offered down TO . per
cent this being done by the agents OF parties who
had the largest and most urgent Of borrowers failed
70 deceive any one and only caused uncomplmentary
remarks The monetary situation at the West is de-
scribed by Chicago journal as iolloxs:-s'The city
business OF the banks was not especially active but
there continuance OF the heavy country appca-
tions for discounts and renewals This is the
feature Of the local situation Large amounts OF stock
are being held back In the country from the market by
middlemen. These need liberal advances from the
banks TO enable them to carry and feed this stock The
greater portion Of the crops being carried the
way on money advanced from the banks OF Chicago,
ST. Louis, and other cities The borrowers, In most
cases, are compelled to their paper as it
falls due since they have sold their stun and have
not the proceeds for payment The packers are
negotiating for the accommodations they want for
their winter work, but have yet put their paper
the market The loan market Is otherwise in the same
quiet condition that has marked for several weeks
Rates of discount at the banks 10 per cent to
regular customers; concessions these rates are
made to independent borrowers who put up the
best collaterals. On tho rates are Is per
cent, with business light" The following the rates
OF exchange on New York:-At Cincinnati 81 per
ST. 600 discount; Chicago, so discount per ST. o00
St Louis so cents ST. per 81 900 discount Foreign
change at firm, with prime sterling at A. SO
AGO. selling rates, 4.s51 4ssk reichmarks 954
o6a, and 96k 965s; cables, 967s prime Paris
hrmer and in better demand at 5.15 5l17s. In the
afternoon exchange reduced from a. SO to 4S5H
for bankers long sterling and from 400 to 4s9k for
demand Considerable business transacted for to.
morrow's mail.
THE MARKET
Gold opened at 1l43s and closed at 114s, the two
tremes of the day The carrying rates 5, as
and pa per cent but loans afterward made hat
and at Ga per diem for use
OPERATIONS OF THE GOLD EXCHANGE BANK
Cold IT'S 100
currency balances. 349 10
Gross eearanccs. 20 34I 900
CLEARING HOUSE STATEMENT.
Currency exchanges ACKNOWLEDGEMENTS. S62 096 52S
currency balances. 646 435
Gold exchanges 429 606
uoid balances. oo9olo
GOVERNMENT BONDS
were comparatively quiet and lower the present home
demand not being equal TO the supply Offering by the
German bankers. 1t has been well said the street
that large importation Of these securities would tend
to enhance the price Of exchange, and lead specie
exports at time when i'll afford to lose gold
The following were the closing quotations limited
States currency skies, l221a 1913; do do, 1851,
registered, l1e75 100; do. do. do, coupon
1247s 1855; do. Gve-twentics 1862, registered
Called, 115 1155 do. do, do, coupon (called)
115 115]s do. do, 1864, registered (called) lis
115h; do. do do, coupon Called, lis 1l5a; do
do, registered, ll534 l161<; do do, do, coupon
1l6 l16a do. do, do new, registered, 1173S a117a;
do. do do, coupon, 1908 1207s do. do 1867, regis
tered, 119h 1893; do do, do, coupon 123t4 a
12S7s do. do 1868, registered, 1875 l2o; do. do
do fa1 III. dn for
1171s l17ss; do. do, coupon, 1ls4 1,SS do. new
hyes, registered, ll74 1l79a; do do coupon, ll77s
1lsts.
UNITED STATES TREASURY.
The bank notes received for redemption to. day
5000, ,o0o revenue, $500, ,0oo customs $500 000
The Assistant Treasurer paid out to-day $4,000 gold
OF interest and sl07 600 in redemption OF five
twenty bonds. The following the Treasury bal.
ances:-
SO, 900
Less certificates u, l00 900
BONDS.
Railroad bonds generally strong, with but lin
tied offerings, Central and Hudson first advancing TO
125 sale of S25 600 at per cent below 2i seller
sixty days, occasioned remark being
feature the trading in this class Of securities Har
lem registered sold 1l45s, New Jersey Central
vertibe 1906 Erie third at 90 954, second at 1922
MILWAUKEE, ana 81 La tTOsse uVlslon at VIA
c., c. C. and first at 1865, ana Ohio and Mississippi
consolidated sinking at 94s. The Union Pacific issues
we're strong the frst at 1906 land grant at 1OlH and
sinking fund at 92k. The Northwest gold conso-
dated weak, and declined TO 50 small transac
tions Chicago and Northwest first sold at 1o ~ and
consolidated plain at 99A Central Pacifcs brought lo7.
THE FOREIGN MARKET.
The London adyices report consols dull and steady
and American securities lower United States bonds
have declined Il per cent Ere selling down 1874 for
the common to 21k for the preferred, against Is
and 80 at the close yesterday Later there re-
covery to 131 for the and 2S 90 for the pre-
ferred At the close consols and United States bonds
we've irmer. Ninetyhye thousand pounds bullion
withdrawn from the Bank OF England balance
day The rate for money at the Stock Exchange
government securities is down to per cent. The fol-
lowing five clock quotations -Consos for money
93a1 03M; Consos for account 93 1916; old 1865
bonds lo4 a 1O44; 1867 bonds, 1865 en-forty bonds
1o6 64 new Gves lO4a4 1O5; Erie, 1874 IA; do pre-
ferred 2S a %; do. second mortgage bonds, Al 49,
Pars-Exchange London, 25f II ISc for short sght
rentes 65 20. Frankfort December 11-Unitod States
bonds, new fves, s9AS.
SAN FRANCISCO QUOTATIONS.
The closing mining quotations OF the Mining Board
are as follows-
Could Curry. ........ 21 Eureka, G. v..........
Ifg.e. 4 u .l.l.u