The New York herald., 1867-06-23
FINANCIAL AMI coMMERc cIAL.
SATURDAY, june 22-sP.N


SATURDAY, June 22-SP.N
The railway share market expsrssnosd further i'm
provsment to-day, moderately large volume Of bus-
having been transacted advancing hgursa The
talk about the crops revived, and July re 70 again
in prospect but the continued absence OF outside sup
port renders the street poweress TO ipart steady
upwasd movement 10 prices. The pubic viii doubtless
comsinto Wall street before long ya buyer OF railway
securities but 70 what extent s q yet uncertain IL
matters not that II IL PERIODICALLY guiied, and
that where one man gains. the long run . hundred
sss " speculation for suA experiences 60 for little IN
preventing fresh stakes rom being laid There 10 fas
cinasion about stock gambling which the majority Of
financial aud com,rcial fortune hunters 6nd it mpos
sbls 70 resist All hence look for repetition Of the
old sosy befos the year closes.
The money market has been easy at six per cent on
misoslarsous coiatsrais and ave on governments. al
though few exceptional transactions the former for
ANAL amounts reported At seven There Is very
wsAssate amount Of commercial paper making and the
BEST grade passes At 6k per cent, the majority
Of transactions being 1t tho legal rate. The
second grade. ciassed as good" is quoted M
. O. but the banks discriminate very closely
in discounting, and . rule rey upon stock houses
Tor the employment Of their funds Hence most Of the
paper negotiated 10 taken by private lenders at an ad
vance upon the bank The statement Of the asso
ciassd banks for the week Is expected to show
increase OF i've millions in legal tenders and decrease
Of two millions and half in loans, three millions in
specie and several millions in deposita s
The western journals are beginning to discuss the
sosbls abolition at least probable reduction Of the
rsse Of interest allowed deposits by the New York
banks and Chicago journal says
The action Of tho National Park Bank OF New York In
reducing the OF interest daily balances to three
Per cent to take effect July prox, has creaod con-
siderable talk in financial circles here, and in some quar-
system entirely, and IL be done, to reduce
the TO that TO be paid by the National Park Many
Sssn ~ sreng in be financial world for the
past hteen or twenty years. refuse to pay interest ON
deposits and yer DO good business and declare regular
nkewse-and We know Of one instance where such is
unhesitatngly advocated-our city would witness
end TO system that opposed to ell sound principles
Of banking AaEt
The Western money market presents no new features
without being stringent it generally reported close,
and change towards ease s expected until after the
banks make MP their quarterly satements The crop
prospects st very favorable and every day Of such
weather ars now having dminshes the risks At
tending the nnal result Of the harvest.
Al the ten O'Clock session Of the open board New York
Central sold st lo2H III Erie. cox Ak; Hudson, 100;
Nichigaa Southern, 70x X Cleveland and Pittsburg
7sx; Cleveland and Toledo 1907; Rock Island, s0xa
y; Northwestern, a6X do. preferred, 6o3S "; Fort
Wayne. oSk. ~
Al the nrst regular board the market showed an i'm
proving tendency combined with considerable activity
throughout the list New York Central closed higher
than - the same time yesterday Erie ~, Reading ~
Michigan Southern 4, Rock Island l. Northwestern Y,
do preferred " Fort Wayne ~, Ohio and Mississippi
certificates y, Pacific Mail lK Western Union Telegraph
4. Cleveland and Toledo lower Atlantic Mall y.
Governmsnt securities were nrm Coupon nvstwen-
A
North Carolina SKIES were x higher Tennessee sizes y,
sew tssus 4. st
Al tho one O'Clock open board the extrsms advance
following the cali not sustained but bulih feel
Ing prevailed and New York Central sold at l02< 4:
Erie. cox; Hudson, look; Reading 1o7x; Michigan
Southern, II: Cleveland and rttsburg, 7sk x; Rock
Island, ook y; Northwestern, ssk; do preferred,
6eK; Fort Wayne, oSxax; Western Union Telegraph,
AN x; Pacific Mail. l4lX lA2K.
During the rest OF tho afternoon tho market mod
sratsiy scve and at hapast ave the following quota
tons were current:-Nsw York Central, l02k . Vi
Erie, COX . Il; Reading. 107k Vi Michigan Southern,
UaK; Cleveland and Pittsburg, 7ex y; Rock Island
cox *; Foss Wayne, osk y; Northwestern. sex =
y; DO preferred, ssx x; Pacific Mail, lao v; Ohio
and Mississippi csrtincatss 24xaX.
Government securities steady but dull s the Close
OF business and quoted thus registered 1884, lesk Ak
coupon, 1884, ll2x ll5 o-zO ropstered lS0z lOI
$40 coupon, 1862, llox n; do 1894 1857 .; do.
1896, le7 vi; do. January and July, lo9k q; lolo
registered, osX . 100; lo-4o coupon, seH q loo,.;
August. 7-oo. loeK AZ; june. 7:so, loex *; July,
7-so 1867 n; July coupon, 1884 49, August DO,
llsx 49, October do, ll7k lis; Decsubsr do III
*; May DO, 1885, l16x . X; August do, llsh X;
September do. lis Y; October do, li4x q Is
Tho gold market firm, but quiet, the range Of the
day having been from 1871 to 1885, with the closing
quotations l3s There . rather active borrowing
demand for con and loans made at l-os lie per
cant per favor Of the lender The steamer Morn
ing Star took out S212 900 In Specie the City Of Ant
werp sl75 0oo the Cmbria S7A. 500, and the America
$1,000 making for the week. in addition 70 previous
shipnsnS, eSs1.seo
The daily range Of the market during the week
under
Hi0hesl Lopest
Monday ay.................137x 1914
Tuoadsv v..........l39 1874