The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-06-29

THURsDAY, June 3e-sP. y.
The money market continues active, ana tne
banks are asking and generally getting six per cent
Tor call loans and the best short paper Inc ap-
proach of the LIST of july when large sums are dis
bursed in the shape of interest or State and other
ublc securities. combined with the credits granted
10 narties who are going West to buy grain, reduces
she available means of many Of the large institu'
s;o,s5 ara PRODUCES the same effect on the market
as would b. aused by an active inquiry for accom-
moaatiou among the merchants: Some capt.
4alists are already specializing % to the
eaect OF the award Of the new federal
sosu and the loan advertised by the State Of vir-
uinia; many are holding back In the hope that
those investments may create at least temporary
activity In tho money market. We quote to-day
cal loans 6 per cent, with some exceptions at
a. A, where State stocks aretendered o. security;
Che best short paper 6, with few transactions at
the lower figure; first class long paper, 2;
names not generally known, 7s ssloal2. After
the 4th the market WIN probably rule easier.
The Sub!Treasury il doing fair business
In Treasury notes. Tho Secretary OF the
Treasury now bids higher than he did for
the privilege of extending his notes; he
offers to all who surrender the old notes By or
before seth inst. 10 issue new notes In their stead,
SesrinG ne same rate OF interest the old ones.
fhis, Hbersi ofScr win doubtless be accepted By
rnan holders. The Sab Treasury at this point re.
ceived today >ea 5el- of which >so,ooo was for
customs; paid ont, sl ss7, and held this evening
balance Of 1850, $40. .,s
The stock market continues to show signs Of
strength especially in the Western shares, which
are being taken pretty freely speculation ON the
strength OF the unusually bountifhl crop now
approaching maturity. Rock Island advanced
e. 70a, closing that bid, against 7o} at the
clsse yesterday; Toledo to s0}, closing 81 bid,
against s14 Galena to 49, closing that bid, against
ga; Michigan Central TO 49, closing 4Sl bid, against
al; Southern guaranteed to 800, closing that bid,
against 80 All of these stocks win probably ad-
yance-some of them very materially If the grow
ing wheat and corn crops of the West escape in
Jury between this and harvest. The bond market
Is equally affected. Cleveland and Toledo sinking
funds. which sold some months since at Sc, are
wanted at 7sas0; Michigan Southern sinking funds,
after touching 5o sold this morning at Is; the Sc
cord mortgages Of the same company, which
were kicked about the street q few weeks
since at 81, are in demand at 81. The advance IS
based on substantial grounds and unless some dis
aster should befsl the crops we shall probably see
much higher prices for all these bonds. The Hud'
con River Railroad Company's negotiation for the
renewal of its second mortgage bonds shows how
active demand exists ior bonded securities Of high
character. Par Is bid every day 1t the Board for
thA bonds maturing this year; the extended bonds
command 1901 . I. New York Central was nrm
At yesterdays best price. There was no change In
Panama or Pacific Mail. This afternoon the arr.
cal Of the Great Eastern thinncd the ranks Of
che iobbers, and the market was quieter. Tho
closing prices were as followE--yirginia SIS, "a
4: Missouri 6s, sl& o 4; Canton, 10 20; Cumber-
land Coal, Is IA; Pacific Mail, sog J; New York
Central, 80 q 1; Erie, lsi Z; Hudson River, 4s{
4; Harlem, I2A . !; do. preferred, $50 80; Read
ine. tog Z; Michigan Central, Asl 40; Michigan
Southern and Northern Indiana, l3I IA; do,
Guaranteed, 30f Z; Panama, l26 !; Illinois Gen.
sI. 63 q I; Galena and Chicago, 63 l; Cleveland
; a Toledo, 31l Q I; Chicago and Rock Island, 10Y
d Chicago, Burlington and Quincy, 7s3 ISL; Hi.
uois Central rs, 90l q 903.
The exchanges at the Bank Clearing House this
morning were $40 ,24l ,7os 81, and the balances
81 $50 ,s97 81.
The following dividends have been declared
The washington Insurance Company, q semi-annuAl
.,,v,ds.a Of I've per cent. payable Juiy ,; the
Mercantile Fire Insurance Company, semi-a annual
dividend Of ak per cent, payable July .; the Gro
cers, Bank, dividend Of three and one half per
cent. payable July 2; the Chatham Bank, semi
annual dividend Of three and half per cent, pay
allie ,yuly s; the Bank Of Commerce, semi-annu.
al dividend Of three and half per cent, payable
.July the Hanover Bank, . semi-annual divi-
deud Of three and half per cent, payable July Z;
the United States Life Insurance Company, interest
for ak months on the capital stock, ct seven per
cent per annum, On the I'd proximo. ~ ~.
The seni-anuAl interest, due on the lst Of July,
on the bonds Of the State of Michigan, viii be paid
ut Tie Artisans Bank.
The interest coupons upon the bonds Of the State
OF Florida, due July !, win be paid BY H. heigs 4
Smith.
Interest coupons on the third mortgage bonds Of
ahe Harlem Railroad, and bonds Of 1877, win be
Maid at Vie Tressurers onacc on and after Monday,
July2.
The new Mining Board, which met for the first
time yesterday. held session to-day, ct which the
following transactions took place.
Is shs pittsburg boo esx $50 shs Silver Ill.,
s g a:.ssss i ii;, wv '''''''-'''
The fouoxing M a quotaaons win show, the
stocks which have been placsd uPoa u Bod
- es2 A..:l 49,. * A,ssa-
thinner Falls Ill ~ Quinccy ....ss.s.0
Ssptrsl .....o OK KockiAnd.......2ax sSk
Fl. koysi......i1x -. Flint ss.ss ..... =
s s:;;;s IT,. s:::::: HIM.: X &
Fewasic ,....ssx NX euilsSrd 1900. 81 sx
pSsuir .......- North state...- Ils 1sS
pittsburr .....63 sax Silver Hiil...... IL