The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1879-08-19

Secretary sherman. in an interview this afternoon.
said
The Treasury operations will probably hereafter
have no material effect upon the money mar
ket. 1t is probable that's before the LIST
of October nearly all the called bonds out
standing. amounting to about sl7OV,UU. will
be presented tor payment and will he paid for
through the Clearing House of New York As
much OF this money will go to different parts of
the country, elsewhere than New York, the pay
ment may some movement OF currency from
that city, but 1t will naturally come back again
After the retunding operations co ed Treas.
ury pay meuts Will be equal to our receipts and no
more except the small balance of the fractional eur
reney fund which Congress required to be paid out
do not think the movement OF gold to this couu-
try will be very large. II Is evident exports
will be greatly in or imports. aud Inuinly OF
breadstus. and cotton Dut the excess will be
paid for largely with American securities held
abroad. l WISH they would all come back Still
some gold will come and domestic production
OF gold VIII stay here This will give
vide themselves with coin rqeerve instead Of
United states notes. oil which their reserve now con-
ssts The United States notes will all be wanted in
the largest crop and the largest bust
ness we hsve ever had
The price OF silver is advancing somewhat There
is u better demand for silver for China aud there
fore the price IL higher in San Francisco than in
New York should not be surprised II the bulk OF
the silver OF the Pacific coast should 20 to China and
that supply for coinage should from Colo
RADIO. Mexico and. perhaps. London.
The circular to be issued by the Treasurer Of
the United states regulating the issue and re-
denpton of United States notes and of fractional
silver and MINOR COINS the ISSUE of the stand
ard silver dollar and the redemption OF fractional
currency ana national bank nvtes contains the fol-
lowing regulations relating to express charges on
moneys to be issued and redeeined:-
On United States notes sent for redemption and on
national bank notes sent For rcdcp tion the
Mt contract rates are deducted from the proceeds.
On fractional silver coins sent rcucnip ton
aud minor coins sent tor redemption 10 the M ut
Philadelphia, the treasurer or any Assistant
Urea ,uref the charges must be prepaid by the
sender On fractional currency sent Ior rcdemp-
ton in less than $500 the charges mu Z he
prepaid by thu SENDER and on returns therefor tho
charges az contract rates deducted. On United
States notes returned IN any other amounts than
lnuliipirs o: Sl,WV for national bank notes re-
deemed the charges collected OF the on-i,.nee
ON United Statcs notes returned for Unted states
notes. fractional silver coins or MINOR coins re-
dee med, the charges ut contract rates
On fractional silver coina returned for certificates
bank lotcs. the charges arc collected OF the con-
signcc.
On transfers OF funds from national bank DEPOSIT
taries the charges must be paid by the bunks.
Express charges will be pad by the United States
remittauccs Of public money between the Offices
OF the treasurer aud of the assistant treasurers OF
the United states OH fractional currency to the
treasurer Tor redemption III sums of $500
more, and United states notesan fractional sill
vcr coins returned therefor: standard silver dol
lars sens from the Mint in multiples OF $500 on
orders from the Treasurer on minor coins issued by
the Mint ut Philadelphia In multipies % SO, In
exchange for lawful money OF the United states
sight drafts on New York or Philadelphia Post Office
money orders or In return for minor coins redo med
and United states notes sent In ultiples of 0vO
in return for national bank notes redeemed.
At the New York Mining stock Exchange business
was even more than usually dull. The following
table presents synopsis OF the days dealings:-