The New York herald., 1866-06-15
FINANCIAL AND CONNER ciAL.

ing below this point advanced steadily 1477S then
reacted to l46a and ,losed nrm at i47S There was
very brisk borrowing lemand for coin, ana il6 per
cent per diem pat for loans This indicates the ex-
OF the 'shor ntarest which is In some little de-
gree the of the strong upward movement oil the
premium. The bulls, having large legitimate demand
to base their operations upon show great bodness and
force the bears to their contracts at loss But as
the higeor the premium goes tho temptation there
Is 10 sell fresh 'shonn interest is constantly IN pro-
cess cr creation There was specie shipment OF
$3l6 45s by the Baiti, pday.
According TO the statement OF the national debt
the Treasury held only s2s lll69 of its own gold on
the let of June addition to s22 800 represented
By gold certificates OF dposit in the hands OF the public
Tho banks of this city al the date OF their last weekly
return held SIS SCI. .653 We have thus total Of only
ss 933 3o2 the property of the Treasury in the New
York BANKS, and the smaliness Of tins sum is the
chief OF strength the spectators for a rise
but it must be remembered that the premium is now
twontyt per cent higher than it was at one time in
March, and that confidence in the public credit
greater. This anomaly is only explained by
te OBJ ous fact that during a period Of suspension
gold as rcn Influenced by the natural laws Of supply
aud Geintnd az any other commodity, and faith in or dis
ris @. the rnb'c credit Is only of the important
ciemens @hica govern its price in paper money.
The demand for export far heavier than at any
former period in history; but meeting it
witho embarrassment and 1t will work its own cure
Forty millions Of goli received within six weeks can.
otherwise than powerful influence for the
better on monetary an,irs both in England and
Continental Europe, war, although
the latest aspect they presented there was
gloomy Tho drain OF bullion from London
10 Paris Notwithstanding difference OF six per cent in
the Of nces; in favor of the former place. was one
OF the eas favorable signs of the times /; looks as if
England regarded with certain degree OF disrust
temporarily depository of foreign funds the result
mainly Of the recent panic The apprehension of inter-
nal political troubles arising from the probable defeat OF
the Reform bill! may, however have something to do
with the influencing this drain 1t is likely
nevertheless that Easand has practically felt
the worst Of the reuic ard that gradual
improvement will marx the failure course OF
her monetary affairs In any event we have
little or nothing to fear this side of the Atlantic from
foreign disturbances and if Europe is exhausted and her
people decnaed by it will be to this country she
will mainly look for any deficiency in her supply Of
breadstufs and provisions while for cotton under
any probable circumstances there viii always be sure
market. Our trade will thus an impetus instead
Of langush, while domestic money market will be
entirely free from perturbatons owing the
ton of all our foreign business gold.
The stock market has been dull and in strong contrast
with the gold speculation, which was excited. Erie
was further depressed, and this acted as a
damper upon the entire railway ls but towards the
close Of business there general although light i'm
provcment. The under tone of the maric. continues
markably firm, and the probabilities ia favor OF u
stronger and more active speculation for rse bu.
meanwhile the bulls to be lying dormant and the
bears equally so.
At the early session of the open bocrd Eric sold at 6o
1914, Cleveland and plttsbure sla< Northwestern 29A
preferred 59h, Fort Wayne o79I Quicksilver SIX, Mari
posa preferred "a AT tho first regular board the
market was extremely dull. Cleveland and Pitts
burg closed 4 higher than az the Lalf-past two
board yesterday, Rock Island ~ Northwestern preferred
u, Marposa preferred y, New York Central was u
lower Reading 4, Erie 2, Western Union Telegraph IL
Government securities quiet. Coupon lvewentses
OF 1862 advanced " en-thrty OF the second
series 4.
At the one clock sessions Erie continued depressed
and the remainder of the railway lis. scady except
In Northwestern, which stronger. Al tho hapast
two boird the markc, without animation, and Erie
closed 4 lower than the first regular board New York
Central h Illinois Central was q higher, Rock Island
"a, Northwestern sS Marposa preferred Il, Western
Onion Telegraph 4. Governmen. securities were dull.
Coupon nve-.wentics of the third issue advanced y,
thirty notes of the second series declined ~
al tho bals-past three open board the market
armcr, and Erie advanced to 5ek, Reading 109A, New
York Central ssss, Michigan Southern 7sl4 Cleveland
aud Pittsburg s2I, Rock Island 92a, North.
western 3o, Ohio and Mississippi certificates 2s, Mari
posa preferred 24H Western Union Telegraph 56,1.
Afterwards the market remained and closed steady the
quotations a. apiarter to being under:-New
York Central 9sA y, Erie 90 ,s, Hudson River Ito
hid, Reading loe1s 1. Michigan Southern 1914 az,
n nd ahurp m
y. Cleveland and Toledo io.li T. Rock Island oail
=, Northwestern 3o,s &, preferred 59A -, Fort
Wayne o7l Il, OHIO and Mississippi certificates 2s,
Canton os u Marposa preferred 2ia,4, Quicksilver
6o% 5I
The money markst Is inactive, and loans offered
freely TO the stock i've per cent and in cxcep.
tonal cases of four First class CONNER lal paper
taken at hve TO seven per ccnt discount Tomorrow
tue sl6.rrcasury vii. the disbursement Of
the semannua interest the second series or
thirly nots, winch amounts to $40 9oo coo
Foreign exchange du aud rates showed slightly
yielding tendency. BanAcrs BUS England sixty
day quoted n ioots X, short sight Ill y,
par,s at sixty days 5.Cst4 6lo, three days b0Ch
=, Berlin tthalersl - =. The continental dc
and il almost exclusively lor sght bills. II If under
stood that considerable amount OF Securities recently
from Europe for sale hero under limits is about to
DO returned the in gold having defeated The object
of the foreign shippers.
BY the Official returns jnst published appears that
the toa! imports al this port FOR tho month of April
valei at si SO eo5 In gold and the exports at
81 sgogIo In srcucy The imports for the nrst i've
monlhs Of he year valued at Sll 93! and tho
exports at 900 4s0 300 exclusive OF specie For the ten
months ending April 30 the imports s25;, e9e
and :nc exports, exclusive Of specie, sloi es354o
Petroleum and mining stocks were Inactive. A. the
nrt board Bcnnchof Rim oil closed aoc lower than At
tho yesterday, EcnnehoG Run 3oc., United
States loc AZ the second board United States closed
2oc higher, selling 80 So Consolidated Gregory Gold
65c. selling a, sls 25 Excelsior sold at 3sc., Shade
River 40c.. Ada Limorc 81 20
The directors Of the Chicago and Rock Island read for
thc ensuing year c:-Mcssrs c. W. Durant, John p.
Tracy, L, W. Durham, Francis II Tows Robert A. For
syth David Dows, Clark Durant Ebenezer Cook, Thos
surgca Oliver Charlc., n. u. Curtis. Thomas C. Du-
rant and David Crawford, Jr