The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-06-27
FINANCIAL AND COMMERCIAL.

MONDAY, June 3e-sPM
The stock market continues dull, but hrm- Al the
nrst board New York Central closed higher than at
the FIRST board Saturday. Reading y, Michigan
Southern n Cleveland and Pttsburg Northwestern y,
Rock Island lx Fort Wayne a. Government securities
were firm. Coupon ive-twentes advanced u, SKIES OF
1881 y, ten fortiss r. At the open board at one
O'Clock the market continued firm At the second regu
lar board it was steady. New YORK Central closed V
higher than at the first board Erie y,
Reading " Michigan Southern X, Illinois
Central n Northwestern y. Cumberland and
Quicksilver were unchanged Cleveland and Pitts
burg was u lower, Rock Island u, Fort Wayne
n Government securities steady. Coupon ten
fortIes advanced y. Fivetwsnties Of the issue
were lower The second board list perpetuated the
memory of tho first board for it also headed rst
board" At the open board at hafpast three the
ket showed only fractional variations and the volume Of
business limited New York Central sold ct o3x,
Erie 1914 Hudson River 1884, Reading T. 81 %, Michi-
gan Southern 64, Cleveland and Ptsburg 6SX Michi-
gan Central 1857, Rock Island l0 Ohio and Mississippi
certificates PAX, Cumberland 42. Later the street.
the market was steady.
Gold has been scarce on the street. and the general Dor
rowing rate per cent day although transactions
were made at 3l6 The opening price, Influenced by the
advance in nve-twenes abroad, was 40, from which
there steady rise to 1421f u, at which 1t closed
at twenty minutes past fvo r N. The market was not
very active and the speculative feeling evnced great
tamenes the bears being content to borrow at ruinous
rates. and tho bulls TO remain quiet Tho demand for
customs duties and export however, keep up certain
degree Of animation in the room The latter, it Is an
nounced will be closed alike with the Stock Exchange,
on Monday, July3.
Foreign exchange continues dull, but rates nrmer
Leading drawers ask 1927 ITO for their sixty days
bills and owing to the light exports those for the past
week having aggregated only 81, Ass 906 in currency
value, against import movement OF 030 in gold
value, mercantile bills becoming scarcer. At the
the exaggerated expectations OF large exports
OF cotton being modified by the influence Of facts
upon Importers who have held back for the last
week the hope of buying their gold and exchange at
lower figures will be in the market buyers and
activity and larger specie exports may therefore be
looked for,
Tho supply OF money continues abundant, and q s
per is still the call The discount
line is inactive, usual for long time past, and
mcrca paper of the best quality passes at and ~
per cent The statement Of the associated banks for
four and half Millions and decrease OF more than
four millions in the supply of legal tender notes This
is mainly attributable the subscriptions Of the banks
for about millions Of Clearing House certificates all
the money account OF which has not, however, yet
been paid into the Sub Treasury The specie is reduced
STA 563 leaving less than sixteen millions in the banks
The following is recapitulaon Of the statements this
xraaLo and Iast