The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-06-05

IL lnef, however, hAk the aspect OF moneta-
y Affairs would experience quick change for the better
otter the receipt OF the nrs or the heavy shipments Of
sold from this port and ntations Of those TO follow
The Scotia with more than three Millions probably
arrived at Liverpool the night Of the
s5th umo, and the City Of Paris, with three
nilhons hundred thousand more would
be due the 2sth Other vessels which sailed on the
day as the latter steamer May 1s) took out the
difference between that amount and f6s7Sooo tne
total export for the week ending May TO- On May 70
shipped further sum Of S. ILL., 1906 and on May 20
1olsa,37l, and altogether, since the LIST OF may we
have exported 500 sos The effect OF this must DO
most potent in placing the Bank OF England IN an easy
position and in restoring confidence in British monetary
circles generally.
On the Stock Exchange the news was temporarily con-
ucivc 70 inactivity but later In the day rather buoy
ant speculation for set In, Erie taking the lead Of
Ae railway shares and closing at advance Of ~ upon
the opening price. The entire market closed with
arm upward tendency, aided by the gradual restoration
q that extreme monetary case which was briefly in.
serrupted by ndcreet gold sales Of the Treasury.
AT the open board at ten o'clock the market was
steady but dull New York Central sold at ssK Read
ing 100, Erie tsalcs 1900 shares, cox y, Michigan
Eouthern sou a v, Illinois Central llsts, Rock Island
a 81 92I, Northwestern 2sh-prefered 5sh, Fort
Wayne 97A At the first regular board the speculative
feeling tame. New York Central closed q lower
than at the same time Saturday. Erie u, Hudson
River 2, Reading !, Michigan Southern u, Illinois Cen
trail ], Rock Island u, Northwestern k-preferred y,
Fort Wayne Y, Western Union Telegraph IL, Missouri
State skies n. Cleveland and Pittsburg Y higher
Aariposa preferred active and after opening at 2e
closed at PAN Government securities moderately
active and barely steady excepting coupon skies OF
1881, which advanced u. Coupon nve-twentes Of the
first issue y lower, third issue y, seventhiry
notes Of the second series y.
At the one O'Clock sessions the market was q shade
Nrmer but sluggish At tho halfpast two board 1t was
strong and considerable excitement attended the
fngs in Erie which closed az higher than At the first
regular board. New York Central higher, Read.
ing u, Cleveland and Pittsburg r. Northwestern pre-
fered X, Cumberland \, Western Union Telegraph u,
Missouri skies u. Rock Island y lower, Marposa
preferred " Government securities we're nrmer
Coupon skies OF 1881 advanced Avctwentics Of 1868
u, ten fortics u. small lot Of Erie bought
under the rule at this session, and the borrowing de-
mand for the stock has been very active Loans
generally made fiat, but In some instances
llo per cent was paid for the use
OF the stock till tomorrow. The deliveries
were made irregulary and the short interest EVIL
IDENTITY enormous. II is understood that tho add.
sional loan Of g. 100 900 has actually tho
Erie Company by Its Broad director and that the
three millions Of convertible bonds collateral security
were delivered TO him last Thursday since which he
has applied for theconversion OF considerable portion
Of tho amount The company, however, has the power
- repay him the loan after days notice. and
Slowed that majority Of the board Of directors
much incensed by his course In deprecating the
stock Of the road that they contemplate negotiations
which will involve the transfer OF the securities now
held by him TO other hands TIE this is done
tho better 1t will BIO for the credit ofthe company
At the half past three open board Erie with sales OF
LOO shares sold up to e4x and the general market
WAS firm New York Central sold at osk, Reading 100,
Michigan Southern Sot4 Cleveland and Pttsburs S5,
Northwestern 2sH q h-prefsrred 5sk AZ; Quick |
silver 5l1s Western Union Telegraph COZ. Afterwards
the market remained very Arm, and at baifpas Eve
New York Central was quoted at 0sx u, Erie 04H. |
Reading 100 ~ Michigan Southern s0,S 4, Ceve.
land and Pittsburs s5,I, Northwestern afered
ss'f Fort Wayne ok ~ Mariposa preferred 24l |
AZ
Money was In superintendent supply at six per cent
and the exceptional transactions at five on government
securities were more numerous III; statement of the
,r-.-y ..,,a imnortan, |
aepselsted banks iof the week shows sy'h'
thanges but these only reflect the last Of the gold settle
snents with the Sub Treasury and the redemption
81 year certificates The decrease OF ST. ST. in
the loans chiefly due tho latter cause all the gov
eminent securies held by the banks being Chased
ioans The decrease Of $40 o616 In the deposits is
tIe more than equal to the decrease In loans and the
Increase Of g. 1e4 In specie The decrease in legal
tenders Is $3.50 9S5 and the increase in circulation
$40 SSs The full effect Of the recent Sub Treasury dis
bursemens not Indicated In this statement and hence
che following will be likely 70 show an import
ant increase deposits and legal tenders Tho totals OF
che present and previous returns stand thus