The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-07-04
FINANCIAL AND COMMERCIAL.

TUESDAY, July 3-6 p VI.
Some money brokers report more ease in the
money market to-day; we DO not however find
any considerable amounts offering below yester-
| days quotations. Money Is worth six per cent on
call and for the best short paper; very excellent
paper lac had Tho hanks orc NO.
lending below six per cent, and some of the more
| pruden,y managed institutions are not filling up
| their discount line even at this figure. After the
holiday the eight ten millions disbursed in divi-
dends and interest this month will seek employ
ment and, in the absence of any active speculation
in merchandise or stocks, will probably be placed
in the market on temporary loan. which will have
the effect of causing rates TO decline TO where tLcy
were ten days ago.
A fair business has been done in foreign exchange
to-day. The asking rates at the bankers for bills
on London continue 10 he 1921 I; Mcssrs. Brown
Brothers sold freely at tie latter figure. Francs
range from 5.l3, TO l3a- The shipwent of specie
in to-morow's steamer from this port-the Asia
will be SMALL II may not a1aount TO over 800 600
On Saturday the Kangaroo and the 2remen will
probably take out the usual heavy shipment.
The stock market was irregular at the opening
this morning, but gained strength the day pro-
crossed, and was generally higher after the board
The heaviest business. a. usual. is in the Western
stocks aud bonds. GaIena, Rock Island, Chicago.
Burlington and Quincy, Toledo arsl Illinois Central
were all wanted to-day at the best prices Of yester.
day: the Michigan stocks firm. the issues ofthe
Southern being in lively request. New York Genital
advanced fraction: Hudson River feW of. The pre-
sent month il usually one Of great togpor on the
stock Exchange il is not likely that July. 1890 will
prove an exception 20 the rule. though the gradual
harvesting of the crops leads daily TO small orders
20 buy Western stocks ON speculation. After the
fiTs, board the Stock Exchange adjourned over til
Thursday morning.
Tie exchanges at the Bank Clearing House are
s2s, ssl Tsl 60. and the balances A., 1876, 7ss I6
The following dividends have been declared
The Fast River Insurance Company somi-annual
dividend OF six per cent, payable on demand; the
National Fire Insurance Company a semi annual
dividend Of ten per cent, payable July 0; the Ne.
chsnics' and Traders Fire Insurance Company a
ssmi-annusl dividend of ten per cent. payable July
10: the Merchants Insurance Company a semi an.
nual iydcnd Of ten per cent payable July 10; the
Commerce Fire Insurance Company semiannuai
dividend Of eight per cent, payable July Q; the Cal
latin Fire Insurance Company dividend of five per
cent. payable ON demand the American Fire Insur.
ance Company dividend Of fifty per cent on the
earned premiums for the year ending on the 30th Of
June, for which scrip will be issued on the 10th
ins also dividend OF three dollars and fifty cents
per share. payable 10 the stockholders on the 5th
nst.
The new siV per cent Treasury notes have cold
at one per cent premium. The amount Of overdue
notes Is 81 900 ,Ooo including quite large amour,
Of three per cents.
Mr.. Henry smith, for several years connected
with tho offica Of tho Panama psflroal ,to,.....
has been sppointed Treasurer Of the company in
place Of Mr.. Augustus Hoffman, resigned.
The statements OF the Philadelphia banks for the