The New York herald., 1866-06-27
FINANCIAL AND COMMERCIAL

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TUESDAY, June oo-8 p NJ
The gold market continues absorb a large share oil
she speculative interest OF Wall street. aud operations IN
>. arc mainly or a THIS morning the opening price
was l641s followed by steady advance 10 l5' al one
O'Clock II subsequently reacted to l55, but recovered
t. 1861, and finally closed l55A The supply OF gold
for delivery moderately easy, bat loans commanded
from lS2d 10 li6h per cent per dem IN favor Oh 'he
lender OF the coin.
Owing to the banks or thus CITY holding only eight and
hall millions OF specie and the Treasury reserve behs
low the bulls are enabled retain control OF the market
aud Sst the shorts at their discretion The prospect
or the new tariff causing rush TO pay duties on goods
in bond affected thereby Ut the same time streng'hens
thcr position The probable demand for gold from this
source is however exaggerated alike with the amount
OF goods bond The stock OF foreign merchandise IN
hond at this port the Isl OF May was valued at
$50 1876, $40, according TO the Custom House
reurns and il is now estimated at about thirty
ave millions. How far the changes in the
tarG will affect this yet matter OF surmse only;
improbable that the rates of duty will
60 effect very after the passage Of the law
those who anticipate the action Of Congress will
10 eager TO do In this way sudden demand might
spring up for nearly double the amount OF gold now in
the banks and the specua.o would not be slow to take
svantagc OF It. The fact that more than nine millions
OF coin interest on the public falls due the lst Of
July will, however tend to ease tho condition Of the
market.
IL is generally expected that the next few steamers
will report somewhat lower quotations for American
curties in London owing the advance gold on this
side the Fcnan raid into Canada At the date Of the
Moravians departure from England no later advlces
from America than those Of the I'd Of June had been re-
coived and at that time the Fenian. Canadian
sensation mad not assumed its fall proper ops
while the English journals had not bad lime to
comment upon the exploits recorded In tie New
York newspapers OF the date mentioned. ~ the last
settlement on the London Stock Exchange i however
reported to have developed scarcity OF vewentes and
Erie railway shares and speculative shipments to
be- made tomorrow in consequence, IL Is possible that
material decline may be checked by the local cond
tion affecting the market The which sailed
hence the I'd inst reported gold that day at 14OS
MA while those calling the 9th quoted 1t at 14:2s
a if5ys.
Although there hardly be said to be any subs;an
tai Improvement in tho tone OF business the Stock
Exchange limited efforts boing put forward to mpart
activity to 1t. To-Day Erie has been the subject OF
bull movement and the scarcity Of the stock for deliv
cry which caused 1-32 lie per cent per diem TO be
paid for the OF It, favorable to advance but
1t struggled upward feeby, and the Improvement
hardly sustained The experience Of the last few weeks
has shown that the holders OF stocks not
willing sell them at current quotations, and brisk
bu,l movement will doubtless succeed tine prevailing
siagnation and speculative apathy The state of tho
money market and the earnings Of the railways
equally favorable to this
A. the early session Of the open board Erie sold a 59x
7s, Michigan Southern 1874, Cleveland and Toledo
1864, Rock Island 04h, Northwestern preferred 59,
Canton CAS-. AT Tho first regular board the market
dun but firm, at tie selling prices Eric closed q higher
than at tho balf-past two board yesterday. Rock
Island was 4 lower Fort Wayne q, Canton x, West
Union Telegraph l. Government securities were
inactive, but steady Coupon tenfortcs advanced =.
Al the O'Clock session prices shade higher
Al the half.pas two board the lrmer, but
dali Erie closed = higher than at the first regular
board, Cleveland and Toledo ~ Rock Island H. North
western A--prcfcrred Z, Fort Wayne q, Canton L.
Quicksilver was lower. Government securities were
steady, coupon fvc-twen.es OF 1862 excepted, which
advanced to 1oa' q against 1o34 yesterday, under
demand for speculative account Seycn-thirly
notes OF the third series advanced " Tenforcs
y lower.
Al the open beard at half past three the speculative
feeling Erie sold at COZ, Michigan Southern
rs o. 81, Cleveland and Pit,sburg So a. Rock Island
o3ys. Northwestern 295.-preferred e. 8, h9,i, Fort
Wayne 9'x. Afterwards the market closed dull, but
steady. Tho quotations baif.pas: Eve werc:--Ncw
h"A SrHaaA soS5 /" IA 40 UVff AooSa u
-, Michigan Southern 49,. 4, Cleveland and Pitts
burg s31s 4, Rock Island 9s< ~, Northwestern 2e5l
. 3O-prefcrred 59,s ss, Fort Wayne OK e5 Ohio
and Mississippi certificates ~ x.
Tho supply OF money continues In OF the de-
maud al per cent with the majority OF Transactions
At the lower rate The discount line Is easy ard rst
o,ass commercial paper passes Al per cen and tho
second grade a. TX.
Tnere only moderate demand for foreign
change, and the highest quoSt,ons Of yesterday
aot fully sustained. Bankers bihs En- gland al sixty
days rated In the afternoon at 1885, a three
days At 1loh Il; commercial 1861 los; francs at
sixty days, ST. 10c ST. o.so short sgll, 81 2isr, 81
g. Bills Berlin nhalcrs were quoted at - "a ;
Bremen 7sl 7s,l; Frankfort Il 4 42A; Amsterdam
Ao,s aHh; Hamburg o6k "
Petroleum and mining stocks woro generally steady.
A. the first board Bcnnehof Run closed 20c lower than
a. the same timo yesterday, Consld,ted Gregory Cold
81 90 United States was 25c. h'en6r At tho second
board Consolidated Gregory Gold closed i0c higher sell-
ing at $50 90. Smith rarmcc % lower selling
al 20 80 Gunnell Gold sold At Die smith Parinlce
30 70, New York Gold a0c.. SHADE RIVER Coo.
The following statement shows the condition OF the
Philadelphia banks yesterday. compared with the pre-
vious Monday
Loans. ns....................$4s,6 4s,6i6l4s s4s.io,s si4
Specie. SpT, ,JN SO 900
Legal tenders.. 29,56S,ss 2l,lOl,3l6
Deposits. ................. ~ 9T245< o,si5 :0s
Circulation ................ g,2io,553 9.2t0.09<