New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1867-06-07
PETROLEUM AND MINING sTOCAs'
FIRST BOARD.
Mining Stocks.
rirBsDAr, June CP.N


Gold has been steady at 1900 all day and closed
1862 The clearngs Of the Gold Exchange bahk WeIc
500 742 Co., and tho balances si'S''''V'' iHo "Oi
mann took ont 1924 S4
Cn,ornuent stocks were firm ut the extreme quo
tatiens ef Yesterday. New Tennessee Is were ! per
cent higher. Railway mortgages were steady ana
hank shares firm. In the miscellaneous shares niue
done Western Union Telegraph sold ~, and mas
declared dividend of 2per cent Railway shares
opeped firm but after the call were freely ohered'
Hudson River rose TO 1861 upon trlimg purchases
Michigan Central sold at H. Boston water
Power fell TO 30 its land sale having mscar1led
again. At the Second Board prices were stronger
Hudson River selling at 1854; Pacific Mail at l1oi,
and Illinois Central at 49, After the Setosd Board
Erie sold at Coz; New-York Central @sN@s, and
Michigan Southern, Gs!06ss. The latest quotations
were: New-YorlS Central 99sa99!; Ere, O@6ot !;
Reading 1O5.a105l; Michigan Southern 1osGoos
Cleveland and Pittsburgh, 75s075.; Rock island,
ssaassJ; North Western, as03ll; do Preferred, 90
ass; Fort Wayne, 9sa9ss.
Money is active at 6G7 per cent the latter for all
new business, unless the borrower and bis collaterals
are in high credit Commercial paper sells slowly at
! 70,74 for best. and sa1O for second grade.
! Exchange is quoted as follows: London, GO days,
11ol sight, llOs commercial lO9,a 1893; PARIS,
| long 512I: short, $40; Antwerp, 5l5O512l; SWISS
| 12I. Hamburg, 2Gi Amsterdam AZ; Frank
fort Ag04I; Bremen 79. Berlin 7&0721.
Freicbts 10 Liverpool. % hhds. Tobacco at %Ds 100
hills Flour at Is and 1000 bush. Corn at l!d' 10
| Tendon 20 bhds Tobacco at 2Os., and per steamer
| soo hoves Cheese at 3Os To Glasgow, 1000 bush
Corn per steamer at Id. and 10 Antwerp loV ni'uS'
| Tobacco at Dos. ..
The debt statement for June shows great progress
IN restoring the national finances 10 order by way Vi
finding and contraction. The latter item Is repre-
| sented by the following figures; . .. ..-,
decrease OF Compound Notes. $500
Decrease 81 81 Es,ianai Currency ....... 6l7,S0i
Total decrease. - ia All
| Decrease OF 1905.
Total currency debt funded Cancelled III ,o e-o ,o
May. -, =,
Az 7 3Os are largely used as currency, anu HU 'i'
time Of issue were an expansive element IL - pan
that their conversion into funded debt is Vlta i'
important step toward specie payments MANY per
sons labor under the delusiOn that conlrac''ol
measured by the reduction III plan iegai "0"'0'
and that so long as no large decrease Is sho"n -
,hom the paper money bubble is secure sou,
writore who think cheap and abundant money 'n
;nfallible evidence of prosperity, WIZ sooh ""c w,
1.,,nitv To revise their opinions lhei
nrnhablv viii be cheap and abundant nhone:
- vveekD but its only eiiec1 WI
IN +o holm the Treasury fund It's ueo
fostor and II win not help spectators ana te gene
raj traders struggling to make their daiiy psSion'
from gales of goods daily declining ana WHICH no Vn
! buvs beyond the days necessities, III Tue Kun ~
that DELAY will make money buy more. Inc ialso pay
ments of the treasury will stimulate 1resh actNl.S
Government stocks from the natural disposiuo
Of parties to reinYest the proceeds o. 'o"pVee s'