The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-06-15
FINANCIAL AND CONNER ClAL.

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FRIDAY June l4-o 7. M.
The railway share market has been duh and droopns
to-day, and Wall street has a laogud ar iho
brokers and other professional specustos are
ing themselves with quick apd small proh's Anu
feel satisfied if succeed in making enough 70 uery
their expenses. There is an absence OF Do'u
speculative effort and also n outside support without
which substantial rise Of Importance can uske paoe
The leading bulls, who ruined themselves anu F" sk
friends by their peculiar tactics last autumn mex
both the capital and the courage wn' 30 tbey
formerly possessed, and they fail = inspire
confidence among those waom they wis TO be their fol-
lowers Money abundant enough but Il is not to be
obtained except upon Satisfactory coaterais, and OF
these those who sh leadsg spirits rhe bull side
at present have oay lin,aed supply II would be de-
porable however, have the bear reign on the Stock
Exchange prolonged indefinitely. The brokers are for
the most part eenrs principle because the public as
rule always operates for RISE and bearing stocks is
the scoop game'' by which they come into
possession Of the money which the public stakes
upon the market They assist the public up to certain
point and then comes the inevitable crash. History, in
this respect always likely go repeating ITSELF
II refreshing the bulls wreak their vengeance
the bears and se vesa occasionally but we can feel no
moro sympathy for the one side than the other. We
community are only seeking they may devour in
the pureus of the Stock Exchange. II they fewer
in number sond be all the better, and Wall street
would be safer path for the unwary to tread.
The money market easier than yesterday, at six
per cent OH mixed cola,erals with exceptional
ons ut seven, and in instances balances were left
with the principal dealers In governments at five, and
four per cent There is very little doing in the
discount ne and the best grade OF commercial paper
passes at = TX per cent At Chicago reduced de-
mand for money is reported and business at the banks
is rather quiet The recent produce failure and the still
downward tendency OF the produce markets contribute
to unsete confidence in credits and applications Tor
accommodation closely scru,inzed. The produce
markets. may add, likely to continue downward
for time to come the reports relative to the
growing crops still as favorable as could be desired
Al the first regular board railway shares we're rather
heavy Erie closed y lower than at the time yes
terday, Hudson River !, Reading x, Michigan Southern
l. Rock Island ", Northwestern "a, Northwestern pre-
ferred " Ohio and Mississippi certificates q, Pacific
Mail l. Cleveland and Pittsburg y higher, Alton
and Terre Haute Ia. Government securities were duh
but steady Coupon five twen.ies Of 1862 advanced u
Missouri skies were u higher; North Carolina skies,
new, u.
At the hapast two regular board the market was
weaker New York Central closed Y lower than At the
first regular board, Erie ~ Reading 4. Michigan
Southern u, Cleveland and Pittsburg Il, Cleveland and
Toledo ", Rock Island u, Northwestern u, North
western preferred a. Pacific Nail y, Western Union
Telegraph X. Alton and Terre Hsute was higher
Government securities were steady. Coupon Ave.
twenes Of 1855 advanced r. Missouri skies declined
" Tennessee skies OF the new issue r.
During tho rest Of the afternoon the market was dull
and at ha-past ve the subjoined quotations
rent-New York Central l0l 4 y Erie, 90 Vi Read
and Ptxburg, 7eaK u; Rock Island, sox . \; Fort
Wayne, 6sX 50; North western, 34X IS; North
western preferred. 5SX: Western Union Telegraph,
l4k ~
Government securities were steady ct the close q
business and quoted thus:-lssl coupon, max Il Eve
twenes, coupon, 1884, Ito y; fvetwentisa, coupon,
1894 1903 *; fve-twenties, coupon 1855, ISSUE
l0ox n; ten-forties coupon, 100 y; seven-thirty
notes. nrst SERIES 1868 NJ seven thirty noes second
SERIES 1864 1867 seven-thiry notes. third serles 1861
a106
The aggregate OF the business In governments has
light and they have recently advanced consid
erably there appears 70 be disposition among tho
dealers them to speculate for fall than for rise
There no foreign demand for nvetwentss and they fail
sympathze with the Improvement in other stocks
the London Stock Exchange While British consols wAch
bear only three per cent interest," arc selling at e4x,
United States bonds bearing exactly double that amount
neglected "a This Of course IL mainly owing
to the gold premium; but allowing for that,
rites evidently NOT in great favor they wead be
sought for at higher figures This 10 partly owing to the
foreign bankers this side having guted the English
and German markets. but still moro TO fears Of political
agitation which may result in q reduction Of the Of
interest ct future time The non-taxaton Of gov
eminent securities is already exciting dissatisfaction
among the non boudholders throughout the country
The gold market continues remarkably steady and
quiet the range Of the day having been from l37 to
1874 with the closing transactions at the latter price
There diminished supply Of coin in proportion 70 the
demand In consequence Of which the rates for
turning more favor Of the lender The business this
morning on terms varying from I per cent for
carrying l-32 per cent per diem for borrowing. The
gross cicarings amounted S2 s6s o0o and the gold
balances sso7,77 which reflects very light specsla
tive movement.
The foreign exchange market extremely dull but
steady Banker' bills England at sixty days were
quoted at ITO 11ox; aa three days. 1lo,s y; oom-
mercial bills, l09h n; bills ON Paris 1t sixty days
Shy 61sx; al three days, $40 allk. osher con-
tinenta bills were rated thus
Barkes'. Com@eyeiol
On Berlin. an 12h ~ Aha