The New York herald., 1867-06-13
FINANCIAL ANT COMMERCIAL.

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WEDNESDAY June l2-e NJ
The railway s'1are market experienced furtns' i".
Yrovement @-day, but after three O'Clock II
declining tendency under pressure OF saies " |
and disposition on the part of the bears " pu. 80
,sn ,,shor,s "a. i, 10 noticeable, however, that the
number of the latter is decreasing under 'ne
mpression that while the margin for iAi' siah 'na'
lar rise a considerable. But as yet the maIke'
Is without outside support ana ~ tno apsen0e
OF this no steady upward movement Si mag }
nt,sa can he expected The ouiia ~ pres>
en-, operating are moderate IN ther expecta'ons
sns H., ed 4 10 means and three per cent profit
ona ahondantly satisfy them; but in most iEstances
,nev realize Tor the of seprotscon before half
h. ceniagc Is made being afraid the market
uoce he balls of to-day become the beass Of to-mor
,cu IN order that they may buJ back the stocks they
sod al a lower price than piey recoiyed for them.
There nothing in the condition OF monetary affairs
e,culatod interfere With speculation for rise on
the Stock Exchange but All abundant supply OF money
without sunicency of capital and speculative spirit
goes for htlie The balls at present endeavoring to
control this market weak in capital and by no means
remarkable Tor courage. They have several circrm-
their favor, nevertheless the most important
Of which are the prospect abundant harvest and
prices of most Of the leading stocks compared
with tbe quotations. last October But SO long
as the outside public remains disinterested spectator
OF what is going forward the Stock Exchange we
can look for merely brokers' Market &C
tive ii may be, but conducted strictly
on the dog eat.dog principle. The brokers and
other professional spectators OF Wall street imam
.cially famshng and they might well make meal Of
other occasionally Of the sometimes too obhging
public After the next quarterly returns Of the national
banks made and the result Of the harvest becomes
more certain every probability provided the
tho MIL mi lntO
street. and bulls viii have their day. as the bears
have had thers Bet sufficient for the day is the evil
thereof.
The money market showed further signs Of increasing
ease loans made in many cases on mixed col
tcras at six per although per cent the
usual asked On governments however, the trans.
actons all at six per cent, and in few instances
balances left with leading dealers at ve There
very moderate business doing in discounts, and nrst
class commercial paper quoted ct ~ per cent the
latter grade only being in favor ct the banks
AT the regular board railway shares were strong
New York Central closed at III higher than at the same
time yesterday, Erie u, Hudson ", Reading V, Michi-
gan Southern e Illinois Central 4, Cleveland and Pitts
burg 1 Cleveland and Toledo Il, Northwestern y, DO.
preferred y, Fort Wayne ~ Milwaukee and 81. Paul
preferred u, Atlantic Mail VI Boston Water Power L.
Government firm. the leading dealers in
the street being at present engaged in bull
ing them In order 70 get rid OF their new
fve.twcIties of 1856 at a good profit before
the Treasury sales and in order to force
class OF bonds upward the whole have to be steamed
certain degree These dealers bull and bear govern
ments alternately, jus, 1t suits their interest," and
whisper the Treasury with respect TO its funding
operations is OF value TO them. Some Of their number
supposed TO have been within esshot Of the Secrc-
tarys sanctum for long time past, and II has beea
shrewdy suggested that he is we adapted for part
nershp in the government stock brokerage business.
Thus far has managed his conversions to throw
good deal Of cash out Of the Treasury into the pockets
Of brokers unnecessarily Coupon nvewenties Of 1854
and 1865 advanced y, and tenfortiss Z. Tennessee
Sizes new declioed y, and North Carolina sxss ae~
advanced u.
Al the open board o'clock prices were generally
higher. New York Central sold u 102X 103; Erie,
COZ 6lbi Hudson, 100 1o9h; Reading, 10s hichi-
gan Southern, osA Illinois Central. 1l9x; Cleveland
and Pittsburg, 77h; Cleveland and Toledo llss V;
Rock Island, slss II; Northwestern, 35H 80; do.
preferred, oo1l; Pacific Mail, l42
Al the half past two regular board the market
strong New York Central closed y higher than a the
nst regular board, Erie y, Hudson Y, Reading y,
Michigan Southern x, Cleveland and Toledo e, Rock
Island ", Northwestern y, do preferred y, Toledo
Wabash and Western u. Cumberland Coal ~ Boston
Water Power u, Western Union Telegraph r. Quick
silver J. lower Government securities were frm
Coupon fvetwenties Of 1865 advanced ~ ten-forties
y. Tennessee sxes, new, advanced 4.
Afterwards the marked declined slightly, and at
quarter 10 six IL steady the suhJoned quota.
nons ns:-New York Central lo2H y; Erie, COS AZ;
Hudson, 1oe. ~ Reading, l07h Y. Michigan
Southern 6s7s GO; Cleveland aud Pttsburg, 76k x.
Rock Island. sck a -; Northwestern, 35A a y; do.
preferred sos. y Fort Wayne, 97h "a Toledo.
Wabash and wcstern. 42S Y; Ohio and Mississippi
certificates 25ka al; Western Union Telegraph, 45 .
,. Psclac Mail, l40h lax.
The market for government securities closed strong at
the subjoined quotaons:-1ssi coupon, 1l2S Ave-
twenties coupon 1862 ITO e. fve.twenties, coupon
1864, 1904 Y; fvetwen,es, coupon, 1865, 107 ~;
nve-twenties, coupon 1865 issue, 10eh n; ten
fories coupon 100 sevcnthir,y notes, first series,
1oeS u seventhrty notes second series, 1857 =;
seven thirty notes, third seres, lo5zays.
The gold market remarkably steady, the range Of
the day having from 1914 TO 1917 with the clos
ing transactions at 1917. Loans made fat,
without interest," and at per cent for carrying The
gross cearngs amounted 70 only $50 3s, ,00o and the
gold balances g. $50 The volume OF business
transacted light and the speculative feeling
tremeiy tame. Al the time gold is very nrmiy
held the price shows The Scotia sailing to-day took
out 81, III As1 in specie
The foreign exchange market steady, Inactive
Bankers bills England at sixty days quoted Il
Ilox; al three days, iios Y; commercial bills
l0eX Z; bills on Paris at sixty days b.llx a6le; as
three. days. 5.10a5l2ls
SALES AT THE NEW yoaK STOCK EXCHANGE.