The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-06-21
FINANCIAL AND COMMERCIAL
WEDNESDAY,, June 20-6 P. "A.

WEDNESDAY,, June 20-6 p "A.
Gold has been held trembling in the balance to-day py
tho ooneuding forces OF speculation for rise and fi
r.snact,yely The market opened at 1853, and after
ouching 1884 declined to l62. from which point rail-
lied 10 1884, II then began TO react and at four O'CLOCK
touched 1874 and snay closed the street at 1928
l52L The supply Of coin for delivery moderately
easy ana the borrowing rates ranged from $40 TO . In
favor OF the lender
with respect 10 the gold sales OF the Treasury we are
glad to observe that Mr. Wilson, OF Iowa, yesterday
moved resolution In the House Of Representatives which
Is in exact accordance with our suggestion made Anew
days ago to the effect that Congress should appoint
committee TO institute rigid inquiry INTO the manner
In which these sales were made, ana al inc osAis
respecting the same Including the names OF the buyers
az the gold We understand that Mr AcCulloch dis
claim, having specially authorized tho heavy sales In
Nav and If such is the he certain extent
culI-ated and the Assistant Treasurer In New York
requires to be brought upon the stand for examine
lion That the sacrifice OF thirty.avs millions
OF gold in May was official job is generally believed
and not a few are beginning to speculate to who
profted by Is not to be supposed that the Treasury
officials idiots or mbeces, and II not 1t is strange n
some person persons did not succeed in making I'VE
or six millions Of dollars al least by buying
gold when the Treasury D sold II and selling
Il when the Treasury stopped selling Some persons
who know the political and social connections OF Thur
low Weed well have asked II no knew anything about
the buying selling Of this Treasury gold That the
sales at the price obtained were either bunder or
crime is certain and trust that more light will be
thrown upon the subject Meanwhile hope, for the
sake Of his local financial reputation that Mr. Van
Dyck will concoc creditabIe epstle in self-de
fence than that which he recently addressed TO Mr.
McCuoch concerning the transaction in question ~
The exchange continues show greater activity
hrmness and the tendency OF prices upward Fort
Wayne Reading and Michigan Southern the strongest
Of the railway shares and Ere the weakest The Read.
ing Company has just declared semi annual dividend Of
ayc per cent, payable on July 10. gEae
At the early session Of the open board the market was
arm, and Erie sold at 59,S Y, New York Central d. 81
ss4, Michigan Southern 7sA " Cleveland and Pitts
burg s61s s7n Rock Island 94s ASK, Northwestern
Soh-preferrcd sos, Western Union Telegraph 57Ss
y. At tho first regular board 1t remained firm but
quiet and Erie closed 4 higher than at the half pas,
two board yesterday, Cleveland and Pittsburg a. Rock
Island ". Western Union Telegraph was 4 lower
Government securities inactive Coupon skies OF
1881 and nvetwenties Of 1862 advanced 4. Seven
thirty notes were steady
AT the one O'Clock sessions the market was steady and
moderately active. At the halfpast two board there
was increased activity but material change in quo.
tations Cleveland and Toledo closed a higher than al
the first regular board; Rock Island n Fort waye y,
Erie was heavy and x lower Illinois Central 4, Cleve
land and Pittsburg ~ Northwestern preferred ~ Gov
eminent securities were barely steady coupon i've
twenties OF 1862 and 1865 declined H.
AT the half-past three open board Erie continued
heavy selling at 5ss but tho rest Of the market was
steady Michigan Southern sold at 1914 Rock Island
sSh Cleveland and Pittsburg S61S az Cleveland and
Toledo lo7@ Northwestern preferred 50h, Fort
Wayne s7T, Ohio and Mississippi certificates Elk,
Canton 5sS, Cumberland 45i4, Quicksilver 50X,
Western Union Telegraph 55s, Illinois Central 12I
Afterwards the market closed steady, the following
being the quotations current at half past nve:-New
York Central 90 u, Hudson River H. Reading 100
y, Eric 5Sh ~ Michigan Southern s9a a u, Cieve-
land aud Pit,sburg e0R ~ Rock Island e51 Y,
Northwestern 30 h-preferred SO 4, Fort Wayne
eIA ass. Canton co. z, Cumberland 45t. The prices
Of tho leading speculative shares were As under .. the
dates given