The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1862-06-28
FINANCIAL AND CONNER GAL.
FRrpAy. June 27-6P. NJ.


FRIDAY, June 27-6 p. NJ
The exchange and gold markets look as though
they may have reached their highest point for the
present; though of course much depends upon the
movement of American securities from Europe.
Foreign exchange opened to-day at III for bank
ers' bills, rose to l2l14 and closed dull at l2o1a
1917. Gold opened at 1929, sold down to 1895
and closed that bid. Judging from present APP
pearances, it would seem that the furry which
aided 80 largely to cause the recent advance in
gold and exchange is about over. Spectators are
selling their coin and their bills; people seem to
have about made up their minds that the issue of
another $50 100000 of Treasury notes will not
ruin the country. Gold boarded by spectators
costs, in loss of interest, "a per cent month.
The Africas mail did not bring as many stocks for
sale as was expected, with the exception OF the
Fries, which were both well supplied. 1t is ru-
mored that Mr.. George Peabody of London, has
made something like million of dollars by buying
American stocks at low prices in England and sell
ing them here. The coincidence between Mr..
Peabody's operations and the bear articles in the
London Times on American securities has attracted
some attention.
Money is in brisk demand at per cent per an
num on call. As the LIST approaches, loans on
demand are called in, and there is always some
disturbance in the money market. Paper sells at
6per cent, and is very scarce.
The stock market firm this morning, with
the exception OF Erie old and preferred, which was
freely supplied, and which declined "A per cent.
It ia understood that some parcels Of stock arrived
by the steamer yesterday. Panama advanced
per cent on the new quarterly dividend; Pacific
advanced 4, Reading 2, and the Western shares
about "a % all round. Central was steady.
Bonds were generally active, especially the issues
Of the Chicago and Northwestern. which were free
" supplied at yesterday price the seconds fell "a
per cent. These bonds still very much lower
than other corresponding securities. Governments
were firm; State stocks inactive but steady. Be-
tween The boards little nothing was done. At the
second board there was no change in the list until
the Western shares were reached, when they all
appeared to be wanted at higher prices. Toledo
and Rock Island were especial favorites-the for
as the cheapest dividend paying security on
the list the latter on account of its earnings. The
market closed firm, the following being the last
quotations:-Unted States 6's, registered, 1881,
102Zs 1929; United States 6's, coupon, 1881
1867 . l06s4 United States u.s. coupon, 1874,
e64 o.; Treasury notes, $40 per cent,
1865. 1851 Tennessee Gs, 5s4 589.;
Virginia 6's, Sc a Sc North Carolina 6's,
~ 1914; Missouri 6's, 5ls4 a 5ls+; American
gold, 1925 1921; Pacific Mail, ll61a llS54
New York Central, "a s41s; Erie. 36ss 36s1;
do. preferred, 641s 65 Hudson River, Al Az:
Harlem, 171a Is; do. preferred, 43 431la; Read
ing. 59ss 80; Michigan Central, 81 a 6414: Michi-
sssn Southern and Northern Indiana, 271S 2714;
do. guaranteed. 621 a 621.; Panama, l33 l4O;
Illinois Central, e2ss e21aa Galena and Chicago,
72h 72aS; Cleveland and Toledo, 491a 1857.
Chicago and Rock Island, 691s 69s+; Chicago,
Burlington and Quincy, 1871 10; Milwaukee and
Prairie du CHEN, So 35A; New York Central rs
Of 1876. 1861 lO714 Erie third mortgage, 81 49,
Michigan Central SIS, first mortgage, l07 1915
illinois Central rs, 95H a 96.
After the board the market was very firm indeed
S9% was bid for Rock Island, and the Western
shares generally were wanted at extreme prices.
. The scarcity Of currency is generally remarked.
The conversions at the Sub-Treasmy have ceased
almost altogether, from the simple reason that the
legal tender notes are not to be had. The wants
Of the government and the requirements Of bust
oess have scattered them over the country, leav-
ing 30 few of them here at the financial centre that
It would be Q matter of great difficulty to collect
hundred thousand dollars. Green backs rose this
morning to lO4Ts 1851, but afterward fell back
10 I04s4 los.
The business Of the Sub Treasury was as follows
to-day
Receipts. 81 ,oo5 402 IS