The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-06-09
FINANCIAL AND COMMERCIAL

FRIDAY June So N.
e,e stock make, has been duh, but on the whole
moderately firm, to day.
Al The carly session Of the open board Erie sold at o.
AZ Michigan Southern 79is u, Illinois Central lzA
Cleveland and Pittsburg s2Is x, Rock Island w.
Northwestern 3o1s-preserred 614 =, western on'oh
Telegraph 6la4 g. Al the first regular board inc ni
kat was dull and steady Reading closed lower than
a. the half-past two board yesterday, Cleveland ana
Ptsburg ~, Northwestern preferred - Ohio and MIS-
s,ssipp, cert6cates !, Nariposa preferred T. North
western was Y higher Western Union Telegraph y.
Coyernment securities we're inactive and steady
Al the one O'Clock sessions the volume OF business
continued light and there were no material changes
in quotations AT the half-past two board
the market was stronger Erie closed = higher than at
the drs regular board Reading a Michigan Northern
Y. Northwestern a. New York Central was y lower,
Northwestern preferred u, Fort Wayne ". Missouri
state skies were active and advanced l. Government
securities continued extremely dull Coupon five
tsenties OF 1862 declined y.
Al the open board at alf-past three the market
nrm bu, without animation Erie sold at IS u, New
York Central 97ss, Catawissa d. 81 7s Michigan Southern
7sss, Cleveland and Pi.tsburg s2L u, Rock Island
92ss, Fort Wayne 96;S ", Northwestern 3lh-
preferred 607s *, Western Union Telegraph 6lS,
Quicksilver 51,z The market remained steady during
the of the afternoon and the transactions were few
and unimportant At half-past five the only stock in
which there any business doing was Erie with sales
at 63}. The heavy decline in the latter created
widely distributed speculative demand for Il /;
bat it is evident that the speculative director
and his friends are still ''bearing' it and
doing their best TO discredit tho company. The
stock, therefore, encounters depressing influences
nj every step toward recovery. Tho generally is
il is selling for; but the management of the road is
OF questionable character that the stock has be-
come football Of speculation and its price any time
il criterion OF its value The speculative director in
Erie loans the company money the security Of stock
which he TO promote his speculative purposes
and his co-drecors kind enough to cooperate with
him in securing the execution Of his designs regardless
OF all the damage and discredt arising therefrom
Tho roaconary movement in gold made further rapid
progress to-day The opening price l40 followed
by advance to 141H and decline to 1881, under
OF sales TO realize influenced by tho prospect
diminished shipments Of coin and the payment in less
than three weeks, of the July interest tho public
debt The market subsequently recovered TO 139ss, but
finally closed at 1a9 Loans made lat and at
per cent in favor Of the lender Of the gold.
Foreign exchange dull and rather heavy
Bankers bills England, atsixty days. were quoted a.
mand premium OF q, eagles q, and half and quar-
ter eagles y u. Bills ON Hamburg are rated at
36,t 371s; on Amsterdam, 42ll 43i4: Frankfort
asa a on Bremen 791s s0i. on Berlin, in thalers,
.4a,,.
The money market is monotonously easy, and loans on
railway securities made freely per cent
good houses. few exceptions to weak parties for
stipulated time reported at six First CONNER
ciat paper is discounted at 5h 6s per cent and the
second grade las private banking house has Dor
rowed national bank largely the banks for
week without interest," in consideration Of rcpaying the
loans in legal tender notes. BY this arrangement
the banks get rid of portion of their surplus Of country
national bank notes. which they otherwise would find IL
difficult to employ This sufficiently indicates the full
return OF that extreme monetary which expert
snced before the Treasury disturbed affairs by its gold
sales last month.
In connection with this subject which is sore one to
the Treasury, considerable provoked by the
fact that the commissions paid to the government
broker for his services in May amounted TO than
forty thousand dollars and the circumstance Of being
brother in-aw OF Mr. McCulloch does not improve the
aspect Of the Why II is asked should the Treas
ury have paid the full commission on such enormous
transactions when the expense might avoided
by the Treasury doing the business for selfs s Of
course, an extraneous question why the Treasury
poiu TO coh ~ Wnen
might have obtained q much better price but
this may attribute to mistaken judgment and wrong
method Of dealing with the surplus coin in the Treasury
The best paid man in the OF the government
undoubtedly the Treasury gold broker He earn -
much In month the Secretary Of the Treasury In i've
years or the President Of the United States In two
There quicker road to wealth. in Wall street.
than this pleasant employment opens to the view.
Tho Assistant Treasurer in this city has announced
that schedules Of thirty thirty coupons
payable on the 18th inst, viii be received for
ton at the Sub-Tressury. The interest que stion will
amount to $40 $50 Oo0 85i00 the three hundred
millions forming the second of the seven and
three-tcnths loan
Petroleum and mining stocks dun. Al the second
board Bcnnehof Run Oil closed at 81 IS Bcnneho Run
ei2 0S, Excelsior 3sc Shade River &C. United states
IS 70. Webster 1sc Among the mining stocks Atlantic
and Pacific sold at 81 Dovnicviiie Gold 44o, Holman
Go'd BIC, Rocky Mountain 81 25 Smith Parmeles
81 20 a 80 05
The imporatons Of dry goods At this port for the
week ending juno compare follows with those Of
the previous week
~--kdy ST. June -
t'ou,mp,ioR. Pigs Yaiw. Pkgs. vaIae
Manufactures OF WOOL. $50 S36s, 800 COS $14s,04
xf-x~