The New York herald., 1879-09-22

throughout. and capital abundant at
q per cent call, with some transac-
tions at IS low AS per cent. Prime mercantile
paper was in demand at to Ga per cent. according
to date of maturity. The bank statement shows a
change for the better the legal tenders having in
creased over S2,500,000 and the surplus
nearly 81. .000.00o Nt
Foreign exchange was strong early in the week on
account of scarcity of cotton bills and bankers ad
vanced their nominal asking rates Nc. for both
classes of sterling. to 4.s21s for sixtyday bills and
4.s4ls for demand. Toward the close of the week
there were few buyers. the supply of cotton bills
began to increase. and most of the actual transac
tons 1c below the advanced posted rates. 3
In government bonds there was fairly active
business considering the season. and prices made
an improvement of = to q per cent, the latter in
new fours, coupon.
Railroad bonds were very active. and in the main
strong. especially the speculative Iron Mountain.
Erie Kansas and Texas Chesapeake and Ohio. c., O.
and I. c.. Kansas Pacific, and Denver and Rio Grande
issues. The purchases Of investment mortgages
were also at better figures.
Great Britain, 1t is estimated. holds
$3.50 900 of United States bonds. and Germany,
France and the rest of Europe about $40. 900.
The new steam line from Philadelphia to the
Mediterranean is expected to be in operation before
about three thousand Av, hundred tons each. and
their principal outward cargo will be coal.
The cost Of collecting the internal revenue Of the
country it appears from a statement just sent out
from Washington. is about one-third less. in pro-
portion to the sum received than that Of collecting
the customs revenue
So great has been the demand for gold from the
Bank Of France, for shipment to America. that the
bank now charges premium of about one-tenth Of
one per cent for gold. in comparison with silver.
English iron will be new feature of i'm
ports this year. American ores having risen 81 so
per ton, owing to the great demand from our blast
furnaces orders for nearly fifty thousand tons have
been sent to mining companies the west coast Of
Great Britain.
Philadelphia journal says-"The new departure
of the Pennsylvania Railroad to seek Pacific con-
nection by the way of the Atchison. Topeka and
the monopSlists Of the Union Pacific the Texas
Pacific dos89rom the Central Pacific. This monopoly
must be broken, but how?" ak
AnothtA distinguished convert to the international
bimetallic cause is Mr.. Henry Hicks Gibbs, ex-Gov-
ernor Of the Bank OF England and delegate the in
ternational monetary conference held at Paris last
year. In letter to NJ. Cernuschi he says:-'T am
gone over to the enemy, and am ready to attack.
with you. the solid ramparts Of monometallism."
Commander Cameron, Of the British Navy, gives
in late English review the results Of his survey in
Asia Minor for the much-talked-ot Indo-Mediter-
ranean Railway. In his opinion the best line is
that from Tripoli. the east of the Mediter
ranean. about hundred and fifty miles south OF
Iskanderoon. by way Of Aeppo. Orfa. Mardin. Mosul
and Bagdad. to Bushire. ON the Persian Gulf. He
would choose Tripoli because Of its good harbor,
and because the route marked out it is possible
to avoid many Of the difficulties to be met with on
the direct line from Iskanderoon to the Persian Gulf
Commander Cameron argues that England sue
cessfully play this road against Russas commercial
schemes in Central Asia.
Since the heavy importations Of gold began in
August the total amount received is $24 900.
Silver to the amount Of 100000 has been imported
during the period. Our exports have been
S. 27O gold and SCOT 1913 silver.
For State bonds the following the bids at the