New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1866-06-13
TrrsnAr. juno Pr. "

TuEsDAT June l2-r. ~
Gold under tho Scotss ncws advanced 10 1885, sold
down TO lil l. and closed at 1891.
Government stocks steady under the decline In Lon
don. In State bonds, Railway mortgages, and Bank
stocks small business Railway shares sluggish and
the amount Of business SMALL The ciqucs supporting
various shares carr. their loads with ease but unable
70 attract buyers in force relieve them Of their stocks at
profit The approach of the Summer vacation is steadily
rcducngthe volume ofbusines and commission houses in
their own words are not making their salt The Scotia
brings considerable Erie stock and IL is evident that under
the recent disclosures TO the management u the
European holders inclined to close out. The May
earnings reported showing decrease Of $500 00o
Fort Wayne in more demand under the increased
traffic In May. At the Second Board the market du
and steady After the call Ee advanced 10 62i closing at
62i bid The balance Of the market steady, but with
out animation. Fort Wayne sold at %, advance of q
per cent The closing prices Ohio Certificates .
a22I Canton 5Sl 9j9; Cumberland Coal, IS 9i6; Quick
silver 81 S52; Marposa preferred, ~ OBJ; New-York
Central, ga e97i Erie 62l o62l Hudson River IOeiS
llOi; Reading O9lal09ii Michigan Southern, 7sla
79i Illinois Central Scrip 1907 ol2l Cleveland and Pitts
bugh s3 1881; Cleveland and Toledo, 1914 SlOii; Rock
Island 92s92i; Western 3O1 93)l DO preferred,
59i aG0; Fort Wayne, 81 997i.
Money is abundant at sac per cent to brokers, and
much more Is offered than they In commercial
paper the rates unchanged very prime short bills
be used at tho rates for call loans Good bills sell
at cas- but in all short bills have tho preference
low interest.
There is seady accumulation Of National Bank cur
rency in the three cities and must be
taken 10 its prompt redemption 1t is suggested
that tho Of this currency In settlements at the Clearing
Houses be made with good results by sorting the notes
and obging banks using anything in payment not redeem
able in tho three cities TO pay per cent interest all
amounts used. This plan would send the notes
Of banks ktng circulation homo for redemption and
bring about soundor state Of affairs. II is time that tho
circulation OF 1.-Two banks made good that Of sus
pended constitutions" which at par in Washington.
This movement toward redemption will, of course,
be warmly opposed by many banks whose chief profit
is derived from supplying currency inferior in all
respects to plain legal tenders The Rebellion being
ended Congress should lose time in forcing the banks
to redeem in legal tenders and wind dp and allow their
circulation to be replaced by goenbacks Eighteen MI
hons in gold too large bonus to pay for the privilege
of using irrodoemabe bank notes, and taxpayers will at
remote day insist that it shall be cut oil The National
bank notes great obstacle to specie payments which
must be overcome as possible.
III Freights tho engagements to Liverpool are 81 900
bush Corn 9iId 20 hhds Tobacco at LIS. 3D. and pcr
steamer 900 bush Corn at Sd. The charters are yos
sci to Belfast with 900 bush Corn at is3 Bristol
with 900 bush Corn at S. d. onoto London with 5000
bush. at IS. o., and one u Dublin at Is.
The total exports exclusive ofspece) from the port Of
New York to foreign ports for the week ending June H.
1866, was 81 1894.
Foreign exchange is frmer There is more demand for
sight bills than expected. The following tho
rcnt rates: London prime bankers, 60 days. 1921; Lon
don, primo bankers, sight, Ill oillI Paris, bankers,
long, $40; Paris, bankers, short, 5O6l.
Tie Cincinnati Gazette of Saturday says:
The money market exhibited no now feature to-day Cur.
rency continues in light supply and the market would be de-
cdedy stringent the demsDd were more than Moderate Az