The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-06-18
change in monetary adsirs or American stocks


change in monetary affairs or American stocks
abroad.
The foreign exchange market for tho Wednes.
days steamer has hardly Opfned yet. Bankers
ask 1885 y, and are buying Choice mercantile
bills at lo4a4 1857 but there is very little bust
ness doing yet.
The stock market continues sluggish. without
opy change Of importance either way large
business is transacted daily in State stocks, which
fuc uatc more actively shan the speculative
railroad shares. Ninsouris advanced q this mora
ing party or the honorable conduct Of the city of
St Louis III providing for the payment of the July
interest on the county debt, snd partly ca the
vents Of the bears. Ken'uckys wexe also in de-
mand Mt On advance. On the other baud,
Georgias, Lonisanas and North carolinas
fell from to 8 per cent, vireinias q,
and 1enneFsees 2s. Government 6's de-
clir ed e. among the railroad shares, New York
Central, winch is still kept scarce by the bulls, ad
vanctd -; but Illinois de ,liled "a Michigan Cen.
tal a, Ga'ena Il. Toledo a, aud Rock Island / !;
Pacific Mail fell of "A per cent-a natural reac
'0n affer the recent advance. There is no outside
busr ess in the speculative stocks: people who
Old Them are mt yet satisfied ,hat it is to their
Interest to sell them, but 90 il buying any Of
'hem for investment. Al the close of the first
b"aro the market was dull Between the b,ards
1t WAS called steady; IN the afternoon it quite
du!i, but closed ste ady, the following being The
last quotations. UM,ed State. SIS, 1874, 10 751I;
Tern ssee G's, 81 3514; virgiois 6's, 40tt a
40N; Mi-souri G's, s714 s7llaa; Canton. 81 0;
Cumberland Ccal preferred, az a s; Delaware and
Hudson Canal, rs a 80; Perney lvania Goal &c Il
Tx; Pacific mail, 64A a Go; New YORK. Cea'ral,
1873 a 1879 Erie, 2s 2314; HUDSON River "a
3l2s; ba'iem, 10 n ,o1S, d, preferred. 20 23t<+;
Reading. so 321a; MichisAo Central, AK 4!s4;
Michigan Southern and Northern Indiana, Ii .
ny; do. guaranteed. "a a 2i1s; Pauams. log a
lO7; Illinois Central. s524 &C. Gs,ena ead Chi
cago, 6s11s 59a4; Cleveland ano Toledo, 22ls
2224; Chicago aud Rock ISLAND. 347za SO: "uh,.
cago, Burlington and Quincy. 81 81; Milwaukee
and Mississippi, IL a Ia; La Crosse and milwaukee
land grant bonds s1s q 8; illinois Central bouds,
$50 al 3H
The business Of the Sub Treasury was as follows
today
Receipts. ACKNOWLEDGEMENTS. Sill 62s IL
-For customs. OBSERVATION-DISCLOSURES. l4.to0 90
faSHiAts... Iot EOS .!
Ba!sIce ................'..'..... .14e 20
Che exchanges at the Bank Clearing House this
morning were $40, ,597 81, aud the balances
5000 ,4S4 &c.
abe State Treasurer Of Michigan has advertised
for proposals for war loan of $500 900, the bios
for which will be received at the Michigan lusu-
rance Bsnk at Detroit, until the sth of July at
noon. The Legislature has authorized 81 600. 900
to be raised, but it il expected that not than
the amount now offered will be Issued. The boods
Will be of the denomination of 500. $500 aud
q Il he nf into ia
which q tax has been au horizcd end sinkiog
fund provided for, for the gradual payment of this
loan The funded debt of the State is ouly about
two and a quarter million dollars, aud beyon this
it cannot be increased, except in Of rebellion
or war.
The Connecticut Legislature has passed the
Loan bill which authorizes the issue of bonds 90
the amount of 50 900 coo, bearing interest at the
rate of SIX per cent per annum, witch semannual
coupons attached, payable on The lst day of
January and July of each yeur at the treasurers
Office, with the principal payable in twenty years
from date, or at on earlier date afler the expira
ton of ten years, at the pleasure Of the General
Assembly.
The treasurer is ordered to sell, from time to
time, on the rcqnsition Of the Governor, such por
ton Of the bonds rs the cxigeucies Of the public
service may require, the most favorable sails
always to he accepted, and 70 bids accepted less
than the par value of the bonds.
The Mercantile Mutual Insurance. Company has
declared semi annual interest dividend of three
and one-h half per cent Of the capital stock, payable
july /; the Cleveland, Columbus and Cincinnati
Railroad semi annual dividend Of five per cent,
payable August l at the United States Trust Com
papy in this city.
The Superintendent of the Banking Department
will sell ut auction at the Merchants Exchange,
on Tuesday, the 18th inst, at noon, the stocks 6e
posted as security for its circulating notes by the
National Eank Of Albany They consist Of S66 900
Few York State iivcs, $1,000 ditto five and T.
halfs, ana s. 600 United States skies Of 1867.