New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1862-06-11
TUESDAY, June 10, 1862

TUESDAY. June 10, 1862.
The Stock market before the Board this morning
was firm. but the transactions were small. AT the
FIRST session the various issues of the Government
were firmly held, and there was but little disposition
to cell except at a considerable advance over former
prices. and small business transpired. The stocks
of the Border States were in demand at generally an
advance over previous quotations. The Issues OF
the Northern States are scarce and few offered
at any price. The market for railway bonds con-
tinues very strong, and the demand for investment
in this class Of securities is much greater than the
supply. The public are fast coming to the conclusion
that first mortgage bonds of the leading railroads
are about as good an investment as can be made.
The list of speculative stocks showed not much
change from the quotations of yesterday, and as
whole were quite steady, no large lots pressing for
SALE and the bears declining TO offer their options
with freedom, but the market closed without much
activity Between the Boards the market was dull,
with but little business doing, and prices as general
thing were shade easier At the Second Board
there was fair business done, and prices were
fraction off. Harlem and Harlem Preferred are an
exception to the general market, and show an adj
vance. The closing prices were as follows: United
Stses 6s, 1881 Registered, 103 1881; United States
Dc, 81, Coupons, 1901 1861 Missouri State &C. 532
ASH; Pacific Mail Steamship Company, III PIN;
New-York Central X. r. 90. 1929; Erie Railroad,
37ia3s; Erie Preferred, 652 65a; Hudson River Il.
r., 47saEt Harlem Railroad 15i al6; Harlem
Preferred, 372a3S; Reading Il. r., 81 asa; Mich.
igan Central Railroad, 6iI 9642 Michigan Southern
and Northern Indiana Railroad, 27a2d; Michigan
Southern and Northern Indiana Guaranteed, $50 ia
ISL; Illinois Central r. r., 6ii 065; GaleDa and
Chicago, 7Os a7Oa; Cleveland and Toledo X. r., 45j
o46; Chicago and Rock Island X. r., SASH
ChicagoA Burlington, and Quincy K X, 'e4c7s3i
Milwaukee and Prairie du Chen X. R., 2SI a2Sl.
The opinion that the prices Of all staple stocks, OF
which the aggregate amount is not and cannot be In
creased must continue to advance, generally pre-
walls. 1t is clearly the policy Of the Government to
continue to add to the Issues Of demand notes just so
long as it shall require additional means for the
prosecution of the war, for the larger the volume Of
currency the easier Wilt be TO dispose Of time bonds
Hence the longer the continues and the greater
the cost of carrying it on, the more abundant will
money become, the lower will be the prevailing rate
of interest and the higher must be the market for all
sound dividend-paying securities. temporary re.
verse Of our arms has heretofore caused temporary
check or slight fall, a success has nearly always
produced sudden rise, but the general tendency OF
prices has been upward and onward, and must con-
tinue 80 long as the and the imitation Of the
rency continue. Some large dealers are gov
ened by this view Of the subject in their op
sratons, and as the general public to
understand it a still further advance in prices
il expected to follow. Like causes produce like
effects upon the market price Of gold and foreign
exchange, unless counterbalanced by an increased
foreign demand for our cereal productions. Pur-
cbsses Of gold and exchange being payable in the
Inflated currency. both the former must rise in price
as the latter is increased in volume 1t would seem,
therefore if this view of the subject is correct, that
even the defeat of our army before Richmond, mas
much as it would prolong the war aud increase its
cost should enhance the price of all safe, dividend
paying stocks.
Fregbts are dull and rates are lower from the
c.'thati vessels plenty. To Liverpool the
engagements are 1900 bush. Corn at 7saSd. in
bulk aud bags; $4,000 do. Wheat at SqSid.; 2,lOO
10. Flour at Is. 10ld and per steamer 30 boxes
Bacon at sos. To London, 5000 bbls Flour at %.
I'd. A British brig of $500 bbls. capacity was
chartered out to Rio and home on terms not dis
closed. .
The business of the Sub-Treasury was Receipts,
q, 5iO.4S S7-for Customs, $l55, 900; Payments,
81. 1883, 1875 10; Balance, SIC All ,S39 ~.
The market for Gold and Exchange is less excited
,han yesterday. Gold is lOi! a lOls; Bills on Lon
ion, ll5all5t. United States Notes, Custom
House issue, are l0ll a 1919 y cent.
The Money market shows increasing ease, but we
save no change to note. This condition is reported
from all sections Of the country. The PHILADELPHIA
Ledger says:
Tho quantity OF money seeking investment In this city
somsthins wholly unprecedented The United States allow
ssy cent In cash left deposit and 1t difficult TO place
ssLsy cent with private parties on call The demand
81 mortgages 10 something extraordinary and 80 gestIy In
Of the supply that parties are now advertising for
sssssss farms and country property In the adjoining
se In transactions city property the Lenders are IN
hsy Offering 10 pay the commissions
esy bofne by the borrowers and long before
" a0is.s fell TO y cent. This abundance Of money