The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-06-22
Satterthwaite says

Business in American securities continues to be limited
the demand being chiefly confined t. state stocks and
the best class OF railroad bonds Erie shares have been
taken from 10 to co. by parties who looking for higher
prices consequent the much improved condition of the
undertaking. the opening Of the first forty miles of rail-
road Of the Atlantic and Great Western from the junction
with the Erie ia regarded avoraby For New York Cen
trail shares Notwithstanding the road is doing so we'll there
no inquiry though the bonds steadily taken of the
market for investment For Illinois Central shares there
has sprung some demand. consequent the sudden
advance reported from New York they close 40 10 40
discount Consos close 93s to s3, exdvidend for &C.
count 10th July.
The money market is easier again. the increased
demand noticed yesterday was merely spasmodic.
We quote short paper at A s, long ditto at &c,
in both cases for first class; call loans S; second
class paper, eat 8; names not generally known,
IA 10a IL. The amount of money seeking EN-.
ployment continues to accumulate. To-day the 60.
vernment draft in favor Of the State of Missouri was
presented at the sub-Treasury; the total payments
at that institution were 1856 062 the receipts $685.
100, of which $500 900 were from customs; balance
this evening, $6,l35,as1.
There was fair business done in foreign ex-
change to-day. Bills on Londan were supplied by
Messrs. Belmont 4 Co. at 1904 for sixty days, and
at ll0i for short sight; Paris at 5l3l for sixty
days. These bills are drawn against bullion; the
Rothschilds are receiving from their agents here
nearly million week in coin. The business in
bars, owing to the speculation among the bullion
men, long since ceased to be profitable, and is now
conducted within very narrow limits. The Satur-
days steamers will probably take out over q mil.
lion.
The stock market continued to evince strength
to-day, and prices of all kinds of securities closed
higher than yesterday. As usual, the Western
shares engage more attention than other stocks,
the low price at which many Of them are selling,
and the prospect Of very large crop which would
give them all as much business az they can do,
tempt spectators into the market. The advance
to-day was general and uniform. Among the hrm-
est stocks on the list was Michigan guaranteed,
which has been largely bought by friends of the
new direction. We are enabled to state, from
personal observation that the road is in good order
and, from present appearances the prospect good
for an unusually heavy business this fall. At the
close to-day the market was firm at the following
uotations:--Tenn. 6's, 92l 90; Virginia 6's, 93i
"a; Missouri 6's, eat a Z; Canton, 20l 2la; Cum.
berland Coal preferred, IL a IL; Pacific Mail, 80
|; New York Central, 80 a 0; Erie, 1sl j. Hudson
River, 4s 1; Harlem, 70 :; Harlem preferred,
500 a /; Reading, Al d Michigan Central, ~ !;
Michigan Southern and Northern Indiana, l3i a !;
do. guaranteed, 27i q I; Panama, 1921 1913; Hi.
nois Central, 62I a 60; Galena and Chicago, Gil a
I; Cleveland and Toledo, 3oI o 81; Chicago and
Rock Island, COZ al.
The land sales OF the Illinois Central for the last
nineteen days amount to $26 ,90s.
A stockholders meeting Of the Cleveland and
Toledo Railroad was held at Cleveland yesterday.
The net earnings for the year are over SIG, 900
above the running expenses and interest on the
bonds and floating debt. The new board consists
Of J. B. waring, Cleveland; Joseph Lyman. Cleve.
land, Jno. Gardiner Sprague, Huron; w. NJ. ver-
milye, New York; G. T. Ophant, New York; Jo-
seph Benjamin New York; H. N. Randall, New
London. All the old board officers were reelected.
The Harmony Fire and Marine Insurance Compa-
ny have declared semi-annual dividend Of five per
cent? the directors OF the Broadway Bank semi
annual dividend Of FIVE per cent, and the Chemical
Bank quarterly dividend Of six per cent, payable
July2.
The earninaa Of the Hannibal and &c. Joseph
Railroad for the first week in June have been ~
Acknowledgements, $9.o0s 40; freight, $9,ts4
39--totsi, 49, 92 10.
The earnings Of the second week Of June on the
M.h Csntr All rad Ucra ~