The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1862-06-19
FINANCIAL AND CONNER GAL.
WEDNESDAY, june IS-6 P. NJ.

tU@ stEs,Egft WEDNESDAY June lS-6 P. NJ.
The money market is easier again. The advance
of yesterday and day before had the effect of
bringing some new lenders into the market, and
rates fell IN consequence. To-day there is no diff
culy in borrowing good collateral at 4per cent.
Certificates of Indebtedness can be bought at about
1907, and green back demand notes at 1929. der
camille paper of the best grade sells without diff
Guilty ut 4 8 per cent. Rumors Of disaster to the
Union cause have been freely circulated for the
past day or two. Though they are not generally
credited they have had the effect OF inducing more
caution in financial operations. Mr.. Spauding's
speech, and letters from Washington, while they
render it certain that the Secretary of the Treasu
nv has not been and will not be shaken by the
bankers clamor, rather tend to induce prudent
operators to exercise caution for the present
Foreign exchange closed dull for the steamer ut
about ll714 "a.
The Persia, which sailed to-day for Europe, only
took out 1888 ,220 in specie. The foreign bankers,
on Saturday and Monday last, loudly predicted
that she would carry out two millions. 1t was on
the strength of this expectation that gold was
forced up to q premium OF six per cent. Gold
opened this morning at LOG, declined to 1855,
rallied to lO6 and closed at that bid The receipts
OF gold by the bullion brokers and banks are
steadily increasing. Every one who has any gold
is selling it for the sake of the premium, and the
operators for a rise arc having their wants very
promptly supplied. One element of the advance
was the New York State loan, which was to be
paid for in gold that is now out OF the way. An
effort is being made by some foreign houses and
few disloyal citizens to bull the specie market;
but it seems a hopeless undertaking. Our
foreign trade for the fiscal year shows
balance in our favor, and there is no prospect OF
any demand for gold for export which shall do
more than restore to Europe the coin We took
thence last year. Here at home there is no demand
ut all for gold, and the supply is larger than it
ever was. Under the circumstances holders
should not neglect the present opportunity, but
should send their specie into Wall street at
for sale.
There was decided decline i'm prices at The
Stock Exchange this morning. Central fell /, Pa
ciGc Mail IL, Toledo x, Erie 70, Erie preferred
", Harlem "a, Harlem preferred III, Michigan
Central "a Southern old "a, guaranteed q, Iii
nois Central q, Rock Island "a, Galcna u. Gov
eminent skies declined q, apparently upon an
erroneous notion that more six per cent bonds of
1881 may be issued. State stocks were all a . "a
per cent lower. This decline has not taken ca
perenced operators by surprise. After the startling
advance of the past few days, a reaction was to
| be expected. We cannot discover that anything
has occurred to change the general tendency OF
the market; but it cannot DO expected that stocks
win 20 on advancing forever, without any check
at ALL After the board the market steady.
At the second board there general improve
ment in prices. and the market closed about
steady, the following being the last quotations
United States 6's, registered, 1881, 1879 q 103;
do. 6's, coupon 1881, log 1861; do. Sc, 1874,
| 95A o6s4; Treasury notes, 7 $40 per cent, los
1861; Tennessee 6's, js14 $50; Virginia 6's,
| 5s% 5694; Missouri 6's, 5lss 5ls4; American
gold, log 1861; Pacific Mail ll5ss r1js4;
New York Central, 941s a s4ss4; Erie, 315s 377s;
do. preferred, 655s n 65is Hudson River, 4714
| l7iS; Harlem, l65s IL; do. preferred, 42L
AK; Reading, 81 a 571s; Michigan Central G31.
| a C3L; Michigan Southern and Northern Indi-
| ana, 27s6a 27ss; do. guaranteed, 625s a 6274;
Panama, 1876 a 1873; Illinois Central, 621S 62aa;
| Galena and Chicago, 7la4 q 7ls4; Cleveland and
Toledo, 46Js II; Chicago and Rock island, 671S a
| G7ss; Chicago, burlington and Quincy, 70 a Is;
| Milwaukee and Prairie du Chen 33g. a 81; lii
| nos Central bonds, rs, 95 951..
| After the second board New York Central was
| sold as high as0ASs
| Tho State loan OF $500, 900 was awarded to-day
| at Albany at q premium of from ll02. to ll1A.
The principal takers were Messrs. Reed C Co. and
| Messrs. Gwinne s. Day, each OF whom got $500 OOo
| As the terms of the award oblige the takers to
pay for tho stock in gold, tho actual premium paid
was, at to-day's price Of gold, 1864 1l74.
| This is higher than any similar loan eve" went
before.
NJ Cisco received to-day about qnanit ~ a
nill IN for deposit and conversion. The present
period Of suspense tends TO check deposits.