The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-06-12

ssu,es of the bank statement for the week The deposits
have increased 376 GEO. and the legal tender
S6496s2 The specie has decreased in consequence Of
Withdrawals for export and customs duties so036 400
The loans decreased 063 and the circu
iation s276e72 The totals of the two last Clearing
House returns UNDER
Loans. $3.50, a59,o22 s24e 95o
Specie. .................. 2l,s5s,0s3 70 ssIe e5
Circulation. .............. 26,el4225 1901 25S
deposits -.,..,.. lbs, LISP ~, aoS s ~
Legal tendors.. .......... eo,lTs992 74,o2S,o74
At the open board ten O'Clock the market was firm
New York Central sold at 97M, Erie esA Y, Heading
109k, Michigan Southern 1914 Illinois Central III ~
Cleveland and Pttsburg s31l S25s Northwestern 30-
preferred 6osG Western Union Telegraph 6lH. At the
first regular board 1t was dull Erie closed r higher
than at the time Saturday Michigan Southern
~ Cleveland and Pitisburg Ia Northwestern preferred
* Fort Wayne x, Quicksilver !. Reading was Il
lower Illinois Central Rock Island u. Government
securities were QUIET. but moderately strong Coupon
Ave twentics OF the orgina, Issue showed advance
Of " ten ores " seven-thirty notes of the first series
a. second series e.
AT the one O'Clock sessions prices were generally fac
tlon lower Michigan Northern and Cleveland and Pitts
burg excepted, which firm At the frast two
board tho market sluggish, but steady; New York
Cenra closed u higher than The first regular board
Reading u, Illinois Central u. Erie was x lower
Michigan Southern -, Fort Wayne n, Ohio and
Mississippi certificates H, Canton r. Mariposa pre-
ferred Is. Government securities duh and without
alteration.
AT the hafpast three open board there dull
barely steady market Erie sold at 81 e1a Hudson
River o. 81 ITO, Reading 1906 Catawssa 77s, Michigan
Southern ID 81 1925, Cleveland and Pt.sburg s34 Ceve
land and Toledo lo45, Rock Island e251 Northwestern
80X-preferred co., Mariposa preferred a. Quicksilver
61E, Western Union Telegraph coz Afterwards there
nd for tocla ondth a roarr at
closed strong the quotations at halrpast five having
boon foows:-New York Central 07h u, Erie
62h u, Hudson River 10 bid. Reading 1O9H
Y, Michigan Southern fox e, Illinois Central 1903
121k, Cleveland and Toledo los a u, Rock Island 92A
o3, Northwestern 3oh aH-preferred cox 4, Fort
Wayne o6, Ohio and Mississippi certificates 2sH *,
Canton 5sh co. Cumberlari ASK a46, Quicksilver SIX
asa
The favorable European news caused gold TO open at
1874 decline Of two per cont upon the closing price
on Saturday From this point however 1t advanced to
1SsK at hapast two and The latest transactions tho
street after the close OF the Gold Room at 140x.
There was an active bonding demand for coin, and 1872
Ak cent per diem paid FOR loans, with oxcep
lions without interest. M an
Foreign exchange was dull bat increased confidence
shown in bills at sixty days. owing to tho reassurng
tenor Of the recent financial advces from England
Bankers two months bills London quoted at
trectonni dccino, ham6y :--iOoX = llOi snort sghh
III u; commercial, 1oS 100. SASS ss t4e
The extent Of the improvement in British ccnsols and
American securities on tho London Stock Exchange,
ported BY the last steamer win be by the following
table Of prices on May "a and 20 and Juno 1.
S 6 s.,,: ii. a. ::ss: :$ 4: o..
Eri 'so ... oonra..1 Mxs a 4ssslSx
Although the Consolidated Bank, after assuming tho
business Of the Bank o! London. had failed, and tho
Bank Of England a. cunt rate still ten per cent,
confidence was being gradually restored, and the heavy
receipts Of gold from this country greatly assisting
this tendency. Only The first Of largo ship
ments had been received up 70 the LIST
Of June since which time these receipts have
been auous, exports Of specie from this port
and Bosa having aggregated SIS ass since the 9Th
OF May. he fact OF the Atlantic and Great Western
Railway Company having kept account with the Con-
soiaalod Bank caused decline in tho consolidated
mortgage bonds Of the road 10 IS against Is the price
1t which they were marketed rot many months since.
But the secretary Of the company circular which
We published yesterday, expresses confidence IN the
bank paying all coupons due the 18th
OF May uh and the 18th Of November next
for which, also part Of the coupons duo in May 1907
funds had been lodged By tho trustees of the company
with Tho bank which under guarantee TO pay the
coupons In question. The prostrans effects of the
panic will be visible for considerable t,mo
quarters which have been weakened by it, but the work
OF r,cuperaon will forward rapidly and those who
financial strength has been bui slightly impaired by it viii
make strong efforts profit By the depression and tho
scqucnt reaction. Hence and successful enterprises
will be founded upon the ruins OF the old Even tho
outbreak Of tho Continent would not be lik,ly
20 materially check the returning OF pronery "a
England. while to ths country IL would rve 81
onward impulse ,r-atly to bo dcsrea. TIE ~.
fnand for hroadstuAs and manufacture
weiit b. sre'iy sUmulasol ;Trc5y, ard - hpff94s
OF was albr dre p teasou ny the un,,a les
Ghouid at.4oFoea var ~ +, however, the yr,.-
pect o.sf tatos and prolonged diplomatic negoa
tious es1 tgal. ll.y p >.tffor military ardor
a. 70 tnder great improbable.
Tho Bankrupt BILL which recently passed tie House
or Representatives. makes progress in The Senate
and there Is probability Of postponcment OF action
upon I'll next session. THIS Is to be regretted in view
OF the urgent need which exists for It's passage and the
general support Il has met with from business OF all
casscs. Some opposition has been shown to such law
In the Western section Of the country which, notwil-
standing represents much larger debtor than creditor
interest; but, tho whole, there is worry strong
feeling IL is favor and tho time has arrived
when il may DO c9Dsidcrcd rerroach 10 great COM
mercia nation ike ours 10 be without bankrupt law
II the senate docs It's duty will pass the &C, qucs
ton before tho adjournment and In doing Congress
will have only performed duty imposed upon Il by tho
constitution and impaired impulse TO enterprise
and industry throughout the country
The following statement exhibits tho amount OF funds
In tho cash vaults Of the United States Treasury
Saturday last:--
United States notes illegal tender. .. s3oa,ooo
national bank notes ,,.................... 63ls,iH
Eracuouai currency ....................... 69St0
Gold ........................... 302 500
SILVER. Observation-Disclosures. 1880
Cent. ACKNOWLEDGEMENTS. 500