The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-06-16
COM n CIAE AFFAIRS.
MONEY MARKET.

Friday, june 1876 II. r.
The European and Californian news had a very IA
vorable influence upon prices; but the advance was
greater in government securities than in the fnces
There were large sales Of State stocks the bears
disposed to sell freely at the Improvement The
advance in good State stocks attributed more Tho
from Europe than the gold news from California
The bears still ncredulous relative to the ouapt;t
OF gold reported having arrived at Panama in tho
steamers Oregon and California. They do not douht
but that large has been received and ia nm a..
here but not to the extent reported by teegranh
few days win settle all doubts the Crescent Citv
to leave New Orleans for this port on the 10th n;
morrow-and she will be here the latter mart
next week.
At the first board, to-day, Treasury notes went nm
per cent; United States 6s, 1867 IL; Indiana 5,s
Erie Bonds, "a; Farmers Loan, Il Morris Canal, Y:
Canton Company, % Harlem, al Long Island, \; Erie
Railroad, d; and Mohawk, H. There were large trans
actions in Erie and Harlem and the bears were disposed
TO sell any way-buyer's sellers option or for cash
The bulls making the of the California news
and if they do not get beyond their depth in some Of
the fances it will be by good luck than shrewd
and careful management.
At the second board the operations were to some ex
tent at slight improvement upon prices current in
the morning
The receipts at the Office of the Assistant Treasurer
Of this port to-day, amounted to S31,O9I SO; paw
-ments, $11 ,2s5 e4 balance, $12o ,O9673.
The United States Insurance Company of Boston
have declared semannual dividend Of ten per cent
The receipts of the Norwich and Worcester Railroad
Company for the month Of May this year, were 800
100, against $lS,o71 for the same month last year
showing increase of $2,11s. The increase is prin
pally on local passengers and freight.
The receipts Of the Stonington Railroad Comnanv
for the month of May this year. $15sis against
$14 for the corresponding month last year showing
increase Of $l,366. The business on this road ia
principally through travel while the business of the
Norwich and Worcester road principally local travel
The running expenses of the Sonngton are much less
than the Norwich, besides being much cheaper road
The receipts Of the Reading Railroad Company for
the week ending the 9th instant from freight alone
amounted to the enormous sum of SOS $685. This is
exclusive OF the receipts from passengers &c. The
amount Of coal coming to market from the Schuykll
region is immense and the probability at present is
that the article will be very brisk throughout the rest
Of the year. At one time it expected that the
supply Of anthracite coal would be short and that
prices would range high during the approaching win
ter in consequence of the strike among ,boatmen and
the combination among coal dealers in tho Schuylkil
region but since all the difficulties have been arranged
and removed the shipments of coal from the mines
have been enormous and there every prospect of the
market being completely glutted.
1t is stated that the semi-annual interest on Pennsy
vana state stock due on the LIST Of August will be paid
in specie funds their equivalent Arrangements to
this effect have learn, been consummated by the
State Treasurer, with moneyed institution of Phila
delphia This must have favorable influence upon
the market value Of these securities and advance ma
terialy the credit Of the State, both at home and
abroad
The movements Of breadstuTs at the different west
ports at all times of interest to all classespro
ducers, spectators and consumers The shipments
from Monroe, Michigan the eastern terminus of the
Southern Railroad of that State up the LIST of June
this year, were annexed -
Exports from Monroe. Flour 1894 bbs; pork L.
96O DO hides 301 do; furniture, So $40 lbs barley
664 bush ashes 421 casks fruit dried Id bbls poas
~ do beans 10 do rags 80 bales; paper GAG ream,;
WOOL 10 bales; butter. 1675 lbs lumber, 32S759 f.
saeratus bbls; wheat TO- 264 bush lard H. ISL lbs
skins 81 bdlds; highwines, 226 cks pearls 1sl do:
16S bbls seeds, garden ll3 bxs; corn ASH bush oak
knees 1147 potatoes, 500 bush; cranberres 10 bbls
These shipments much less than for the same
period in several previous years. We attribute tho
falling of entirely to the low prices ruling on the sea-
board The shipments from Chicago for the week end
ing the Sth inst, were annexed -
Exports from Chicago Wheat 341sT bush: corn
$3.50 do; oats 642 do flour. 533 bbs: pork 241 do
beef Al do; lard, ea do bacon, 4e5 do; fish, 12o do
sugar, lis do moasses. 20 do; eggs, do; WOOL bis
furs, 81 pkgs.; hides 100; reapers 49,
We should judge by this, that the business on the
Illinois and Michigan canal had been for the season
rather limited Nothing will give much activity to the
shipments of produce from the principal lake ports but
advance in prices in the great Eastern markets. and
very little probability of such an event being
realized. Produce is accommodating at points on the
Wabash and Erie canal and the farmers are storing
corn, instead Of forwarding it to market It's impos-
sible to tell what course prices Wi take but in the alb
dan ordf ,r.
at present exists the chances are in favor of decline
During the month Of May 3l3 vessels passed through
the Welland canal exceeding the number of the cor.
responding month in last year by 81 but not equal to
the extraordinary year preceding by 1o7 OF the s3
that passed through, 19 went down to American and
40 to Canadian ports and l13 up to the first named
ports, and So to the latter.