The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-06-06
FINANCIAL AND COMMERCIAL.
WEDNESDAY,. luna 5-aP M

WEDNESDAY, June SOP N
The railway share market has been dull but on the
whole steady to-day and towards the close it showed an
Improving tendency. The speculative feeling H. how
ever tame and the professional spectators on the
bull side arc indsposed to upon bold move
msnt in the absence of outside support
The money market has developed no new feature ana
the supply continues equal the demand seven per
cent and In few instances OF the dealers In gov
eminent securities enabled borrow outside Of Wall
street at six The invarsble rate at the banks how
ever for call loans is per cent with exceptions in
favor Of government securities There is not much
doing In the discount line and the grade OF CONNER
ciai paper passes at per cent Cincinnati journal
remarks some signs OF outflow OF currency TO the
country 10 pay for wool but yet this has exerted
no effect upon banking balances Business the West
remains in . semi-stagnant condition: but the crop
prospects calculated to stimulate improvement IN all
directions The hay crop too far advanced to be
seriousy injured by the weather. and the yield is likely
to be unusually large. That Of 1866 estimated at
2i77s627 TONS and valued at $37, SO, 1857; but the
crop this year promises to greatly exceed It. The wheat
crop the same year valued at $685. 773 646, the
quantity being ISL 906 bushels ard the indications
are that II also will be much larger than last years.
and too Of the crop, the yield OF which in 1883
was s67 2o5 Bushels valued at s59l 295. The
addition Of all this to the aggregate wealth Of the
try will exert powerful influence In retrieving tho
trade OF the country from tho slough or dcspond in
which it has been for than half a year past
At the first regular board railway shares wore dull and
barely steady. New York Central closed lower than
at the Same time yesterday, Eric 1, Michigan Southern
y, Rock Island 4, Northwestern ~, do. preferred "
Quicksilver l, Boston Water Power Y, Western Union
Telegraph y. Hudson River q higher Pacinc
Nail ~. Government securities were firm but quiet,
nj
which were moderately active-the latter advanced n
and the issue OF 1862 r. Missouri skies were higher
and North Carolina SKIES a.
At the ono O'Clock open board New York Central sold
At 9sk; Erie, 59H; Hudson, 104h x; Reading,
104A; Michigan Southern, SIX q; Cleveland and
Pttsburg, 754 Cleveland and Toledo IFS Rock Island
s7X ss; Northwestern, 33A ~ do preferred, 5SI;
Fort Wayne, s7's; Pacific Mail, 1884, Atlantic MAIL iO5
At the half two regular board the market showed
Improvement. New York Central closed 4 higher
than at the first regular board Erie u, Michigan South
ern y, Rock Island u, Northwestern ~ do preforrad
II, Fert Wayne u. Cleveland and Toledo was u lower
Pacific Mail Y, Boston Water Power y. Government
securities were inactive Coupon nvetwentes Of 1862
declined y, and the new issue Of 1855 advanced "
Tennessee skies new we're y lower.
AT the hafpast three open board Now York Central
sold at 98X; Erie, 59H Hudson, 104h: Michigan
Southern, 6S az Cleveland and Pi,tsburg 75k;
Northwestern, "a; do preferred, 5SX Fort Wayne
e4k Pacific Mail 1884 During the Of the after
noon the market was quiet. but steady, and ct siy
O'Clock the following quotations were current:-Ncw
York Central. 9SX 90; Erie. 69H y; Reading. 10lk
Michigan Southern 67T 90; Cleveland and Pittsburg
10 Rock Island. SIX So; Fort Wayne, 81 II North
western. "a . q; do preferred, 5s1l . e; Ohio and
Mississippi certificates. PAX Pacific MAIL l33X 1874
Government securities were steady at the close Of
business ct the following quo.atons:-lsS1, coupon,
107I 10SK; $40 coupon, 1852. 1927 ITO; $40
coupon, 1884 1861 r.; $40 coupon, 1856, 1857 &;
$50 coupon. 1886, issue, 1851 Y; 10-40 coupon,
oox *; $40 notes, first SERIES 1861 NJ DO, sec
ond series, l05% y; do, third SERIES 1858 a y.
Compound interest notes quoted thus:-June
1864, 1879 "; July, 1857 l10H; August, 11sX
e; October, 1l7sS *; December, 1862 81 May,
1886, 115X 116; August 1l4H 49, September,
1l4k y; October. ia 4.
- Tho gold market steady and quiet the range Of
the day having been from 1861 to 1861, with the
closing transactions at 1861. Loans made at
pcr cent for carrying The gross clearings
$50, 1000 and the gold balances to 81 443 $685. The
specie and the Bavaria $4,000, while the Boston
steamer had about SAIL 900. American silver is quoted
at 6k oK below the price Of gold and Mexican dollars
q losk 1854 In gold.
Tho market for bills OF exchange England very
Arm extremely dull for continental bills Bankers
bills on England At sixty days were quoted at Ito
llOH a. three days. ll0E 81 commercial bills, l0gH
e; bills Paris at sixty days, 5.13k 6l2K; at
three days. 6.11x . 61O Other bills wers rated
thus