New-York daily tribune., 1865-06-29
EvESlEG EXCHANGE
"WEDNESDAY, June 2s-P. NJ.

"WEDNESDAY, June 2S-P. VI.
Gold opened at lil, and though in demand NJ
to noon for delivery at cost of 4Qs TO the Dor
rover, fell to 1881. The closing price was llol
The demand for duties is producing large aceu
mutation in the Sub Treasury, and helps specu
lators for rise materially. As there are no large
payments on account of interest between July !
and November i, it may become necessary for the
Secretary of the Treasury to sell gold, anticipate
the November coupons and so prevent an accumu-
lstion, which wiz keep gold at quite high figure
The export ofspecie to-day was S7O,25O.
Gold-bearing' Government stocks were higher
under European orders. The s-2Os sold quite freely
at lOia 1914 for Old and l0i l04 for the new ISSUE
The 1905 are wanted by investors and ere taken
freely at ! discount. Certificates are firm, and
bring about par for the old issue. In miscellaneous
shares quite large business was done. Marposa
sold at lSs. At the election on Monday next an
entire new direction will be chosen with great
unanimity. Atlantic Mail is higher, and sold at
l53. Railway shares early in the day were all
strong and in more demand At the close Of the
call the market yielded, and at the Public Board
quite low quotations were made, Erie selling at
SO4, mlCulSdu OOutAtlu az Ny, OiNfNA"Au ~-AH
Pittsburgh at 67, and Rock Island at 994
The closing rates were: New-York Central, 931
Eric, 7C1; Hudson, lO0; Michigan Southern, 6ls;
Reading, 50.
The steamer from Liverpool brought large orders
for 5-20s and Ere common stock. In the face of a
decline in stocks and a sluggish market, several
shares were in active borrowing demand, and were
much scarcer than money Erie is one of the
scarccst stocks, and the amount held in the street
is placed at the low figure of $2so0,O0O. 1t is
steadily passing to Europe, and about one-half Of
the common stock is in foreign hands already.
Reading is also very scarce and as hard to get as
Eric.
Money remains at 4a5 per cent OIL call, and the
supply is exces s.ve at the quotations In n'rcan-
tile paper little is doing and no change in quota
tions.
Exchange is lower and good bills have sold at
lo0 for gold. Leading drawers continue to ask;
Bankers Sterling, 60 days, lO90lOsli Bankers
Sterling, days, lo9a9Ilos; Merchants lOs9lOss;
Francs long date, 5.is2i Francs, short date, jl5a
5.I3a.
The business Of the Sub-Trcasury was: Receipts,
81, 43l,7O6 90; for Customs : 5000; Payments
$ls7 SS4; on account of Loan, 1851 900; Balance,
$i5,797, $40 80.
Frcights are decidedly more active and rates are
better; the engagements to Liverpool are l4,0o0
bush. Wheat at I'd. in bags; $4,000 bush. Corn at
81 add; 1900 Obls Flour at Is, and 80 hhds To-
bacco at Dos. To London, IS tons Oil Cake at
LIS. 3d.; aud 400 pkgs. Wet Goods at l6s. Cd.
The charters arc an Italian brig to PeDaith Roads
for orders with l2o00 bush. Grain at As. 3d., with
the privilege of CaraeE or Newport at 3s. 3D., or
Bristol or Gloucester at IS. Cd; ship from James
River TO Bordeaux with Tobacco, on private terms
another from Richmond TO Cadiz Genoa and Ma
pies; and a Brig from Richmond to Genoa, with
Tobacco OF BIS.
Very heavy nsurances have been made at the
New-YoTk Offices on cotton now being shipped
from the South. The largest amounts are fiom
Northern Virginia.
The London Economist, of June Z, remarks on
the London money market:
The bank minimum rate was reduced yesterday from
- TO per cent The AMOUNT Of meTcgnte paper a0at
Is small but usual there hes been more ACTIVITY in
the demand for money IN tho market nj per cent
and larger share OF business hd5 been carried 10 the
bank. There is elimination in the supply,
partly owing 10 the Withdrawals by country
bankers in connection with ibe anticipated cx-
yenses Of the coming election. Deyoud these
i~crmssarces there is no Cioton that ,be ligbt,v
increased gnersl activity Of the present time will be
sustained on the contrary. While the produce market
eoatinaes dull nrd long as tie adyces from India
refer Oiy ia state Of commercial Affairs as unsettled
as that now described. little probability appears that
trade operations viii be entered into on an extended
seae. Money is now quoted al per cent in The tao
<ehei cap.as Of Lulope and II is remarkable as evi-
denee Of tho altered direction OF he bullion current that
tie reductions in the OF scJunt have been in Lon
don rapid than IN PaI,s
The traffic for the week ending juno %, 1865, on
The Greet Western Railway Of Canada, is as fol-