The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-06-11
FINANCIAL AND COMMERCE.

MONDAY, June l0-6P NJ
The railway share market has been on the whole strong
to-day, and there ordinations work to advance
the price OF several OF the edocg stocks in
OF an improved movement arising from legitimate
Causes after the crop prospects become
realization These cliques are, however, composed OF
men who are financially weak and moreover coniented
with very small profits, and liable to be broken up at
any moment Their influence upon the course
OF prices 10 very transient, and their previous
enorts have been attended with failure. They
possess and impart the speculative spirit,
however, 70 moderate extent for the force Of ex-
ample 10 always felt, and the they enlist their
side the successful they likely TO be- specula-
ton for rise the Stock Exchange present rs
under the important disadvantage Of being without
side support in the absence OF which there can be NO
upward movement Of magnitude. At the time
the margin for decline is small in view OF all the cir.
cumstances affecting the market Wall is with
number Of exceptions poor the poorest Of the poor
are now heading this bull movement. The series Of
panics which commenced In October last left the
guiding lights OF speculation shorn Of their power and
they arc now essayng to it. Hitherto their at
tempts have only proved delusion and to the
street, but deserves reward and il they
persevere long enough they will be certain OF
The disbursements Of the Treasury have given
them encouragement and they likely to be stil
further gra6ed in this respect they look forward with
removed hope to the prospect before them. The
balance In the Sub-Treasury nevertheless shows
material change this evening, the total being
$ls4 9l5,419. On the 18th instant, however, the
payment or the semi-annual interest series
OF the seven-thirty loan will have still de-
cded effect than the redemption Of the compound in
terest notes which have just fallen DUE The reports OF
the condition Of the growing crops continue very avora
ble and II these abundant may reasonably look
FOR Improvement, merely Wall street. but in all
departments OF trade and industry.
There q abundant supply Of money availa-
BILE for the Stock Exchange than the close Of
last week. and although the general rate for call loans
per cent, the exceptional
on governments were numerous in the afternoon. In
the discount line there little activity, and the
best grade Of commercial paper taken at the banks
at q per cent. The internal exchanges still in
favor Of this city, but the receipts Of currency light
The Western money markets without material change
II Is expected that there will be considerable
ent Of currency from the local country
Tor the purchase Of WOOL but this is expected
only transient influence, the funds thus disbursed
must speedily in the ordinary Of business
The already beginning to look forward to the
effect their preparations for the next quarterly return
which Is due on LIST Of July The interior is generally
reported y be rather scanty supplied Viii currency
not only have to draw their balances low in
this city, but to borrow their collaierals
1t is hardly possible, however, that we shall have
other such monetary pinch we had when the last
quarterly returns made up although is probable
shat the activity in money will be somewhat qulckened
The statement Of the associated banks for the week
indicates the movement OF money into the SubTreasury
Tho legal tonders have decreased So $780, TO- the de-
posts $5,655SOS the loans S2Sl4 216 and the circua
icn $27e5l The specie shows increase of ST. s7s
The totals Of the present preceding statements stand
thus.--