New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1867-07-12

prOttS, prices recedo moderatelyj but al each Iai
new buyers are ready TO operate, and former sellers
eager to take their stocks back. The attend
of spectators at the boards is large and the
common belief is that much higher prices are to be
reached, an opinion for which there seems no good
reason outside the wishes of Spectators for rise
After the call prices wero shade lower but buyers
were abundant At the Second Board the inGrket was
all lower. Erie sold at 70s Michigan Southern, 81;
Northwestern 49, After the call there was quite a.
rush to SELL and the market heavy and unsettled.
The closing prices were New-YOrk Central 1850
100; Erie 7Os07O3; Reading, 1O5S1o53; Michigan
Southern. SO.0sOs; Cleveland and. Pittsburgh, &l@
923; Rock Island, 9730S7.; Northwestern. $40
49,; Northwestern Preferred 6si0GS.; Fort Wayne,
102s01023.
Money is in full supply on call at 4d6 per cent,
with good deal refused by leading houses at per
cent. Commercial paper is more carefully examined
but when strictly rstclass and short, sells at cal
per cent. Second rate passes at E8010 and there is
q good deal OF extra hazardous at corresponding
high interest Present indications favor easy
money market on call, but August may produce a
different state of things. On the 10th prOximo, COM
pound notes to the extent of$50000,000 fall due and
their mode of payment becomes of interest to Dor
rowers. If the Treasury pays them, it will probably
utitself in funds by selling gold and drawingis bal
ances with the National Banks closely two operations
not favorable to rampant speculation. Should the
Department, however, issue tho 3 per cent oertlh-
Gates in exchange for them, there will be no vibration
in the money market of consequence. With 5-2os at
1881 for the new ISSUE 1t is the plain duty of Mr..
McCulloch to pay every dollar of compounds as they
mature. The crop advices from all sections of the
country are of the most favorable character and it is
now almost certain that the harvest Of 1857 will
eeed in quantity and quality anything ever known.
This bright prospect may be darkened, but such.is
the appearance of things at present, taking the
concurrent testimony of careful and experienced
judges.
The recent collapse in the dry goods trade has been
succeeded by others of magnitude and striking list
of commercial troubles could be made if publication
would serve any good purpose.
Foreign Exchange is quiet. Bills at 60 days on
London are quoted at 109l G1095 for commercial ITO
Q11Og for bankers; do at short sight, 11Ol01lOs;
Paris, at 60 days, 51Gla519 do. at short sight 3l2i
05lO; Antwerp 5IG30519a; Swiss SIG. a5iS!;
Hamburg SGQS6s; Amsterdam, 403aH.; Frankfort,
4Os9AI; Bremen, 7Ss079; Prussian' thaers, nl@
72f.
Freights are firm. The engagements to Liverpool
are 200 bales Cotton at. Sled; so hhds Tobacco at
27s CD; and per steamer $1,000 bush. Corn at 3D.;
1000 bush Peas at 3d. $50 tcs Lard at 2s and 1COO
boxes Cheese at 3Os To London, 50 hhds Tobacco at
29s Sd; and per steamer 1900 bush. Corn on pri-
vate terms and 65 three-quarter boxes manufactured
Tobacco at 30s To Glasgow, per steamer, 500 Dds.
Flour at rs. To Bremen 800 bales Cotton at &C.; 400
bbls Rosin at Is 3d., and per steamer 20 TINS Cedar
Wood, on private terms. AnAustran bark, with 700
hhds Tobacco, TO Bordeaux at 82s. Cd.
The transactions at the Sub-Treasury to-day were
Receipts for Customs, $9Gs,OOO; Receipts for gold
Notes, $4,000; Total Receipts s9s6,4el,96. Total
Payments, 81 1885, 69,s1; Balance. $l17,22f,596,9d.
The Trustees of the North River Savings Bank
have declared semi-annual dividend at the rate of
SIX per cent per anDum on all deposits from s. to
$1,000 free of Government tax payable on the 18th
of July inst.
The Lorillard Fire Insurance Company viii pay ON
denanda dividend of five per cent, free OF Govern
ment tax.
The Continental Insurance Company has declared
the following dividends A scrip dividend OF $50
per cent upon the premiums earned during the year
ending July 1st scrip for which VIII be Issued on
fbe Goth of September next An interest dividend OF
ak per cent on the outstanding scrip Of 1862 1863
1864 1885, and 1865 payable in cash on the Goth day
Of September next. A redemption dividend for the
payment in full Of the scrip ssned in 1861, with six
per cent interest thereon payable the 18th day OF
August next. semi annual cash dividend OF seven
Der cent. payable to the stockholders on the 10Th
inst.
The Cincinnati Gazette of Monday reports:
There was no material change In tho money market
to-day There ga ana an discounts Were close The
Tor money u Increasing gradually the feeling In bust
ness ss ;3na Of S Rates Of interest range
from TO u per cent Good paper ID obtanaDe III inc
open market at 10 per cent
The Boston Advertiser in its financial report OF Tues
day evening says:
The condition Of the money market to-day shows no
special change oaDabe funds beng in ample supply
with, however, demand sufficient 70 prevent any.abe
arc
adopted per cent tho regular discount latc 10 ncr
the present state Of the market strong
borrowers find money still accessible Ut 10 81 per cent
The outside market but little Affected by the change IN
the interest law notes passing in the past as now ~ ales
In accordance with their recognized quality and strength
Good paper is offered to-day at range Of from y 10
passes at less than or'It
The Scotia's mail brings advice Of the analgama-
ton Of the firm of Messrs. Fmlay, HOdgson a. Co..
merchant bankers of London, with the house OF
Messrs. Barring Brothers g. Co. The London Times
makes the following notice of this change:
IT has transpred that union has been arranged be-
Hodasen CO. 1t Is 10 dale from Monday next, the lst
of Jnly and the Of Barring Brothers Co VIII De
Tho IiveI1,ool firm Of Thomson. Fnlay Co, WHICH was
united with of Finlay Odgson Co IN 1862 is to BIO
ers in each house WILL 1t Is mderstOod akeethe oppor
tunity Of retiring MI duncan james hiy anu
Young The united business WILL ms soon rs the requisite
arrangements can be- made DO 9opdaGeo enhrgy ~ 20 20
had IFS origin under the title OF John fItcs Barring
Co In 1885, and constituted In It's present form IN
is6s Lord AshburOn retired from 1t In 1854, ana MT
Joshua Bates who then became senior partner. died
shortly afterward. Mr. ThOs. Barring, the member for
Huntingdon, now the principal The house Of tinay'
the mcmser Tor Bridgeport IS the present hoa' was e.-
talaisbed In 1908 Both lIr Barring and Dir. klkinaD
HOdgson arc Directors Of the Bank OF England The
character of the business of each firm was In great
measure identical aud Their respective partners have
long been connected by mutual friendships
The correspondence Of Messrs. Duncan, Sherman
& Co. for some years with Messrs Finlay, Hodgson