The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-06-23

The market for government securities opened at a
fractional advance upon the closing quotations OF
Saturday and renamed strong all day under an
active demand for investment as well as on foreign
account The hve-twenties of 1865 were in request
at lllx, chiefly for shipment preference being
given 10 these over those Of 1852 by many Of the
bankers, on account Of their being two per cent
lover than the latter, although they are in every
respect equal excepting that they have three years
longer to rum which is positive advantage. There
was az improved demand for registered bonds as Is
usual lust before the semiannual interest payments
take place. The approaching disbursements Of the
Treasury are already strengthening the upward ten
dency OF prices and the ensuing month Will, pro-
baby, witness o more decided Improvement In all
the Issues of United states stocks than has yet been ex
perienced The closing OF the gold loans by the fund
ing of all the seventhrty notes, and the consequent
soppage of the supply Of bonds, will cause steady
and permanent appreciation OF their market value,
and the simultaneous disbursement in July of nearly
forty millions Of coin by the government will SO
largely stimulate the demand that quotations will
probably range considerably higher this summer than
they have ever yet done since the suspension OF
specie payments. Our national securities are the
only really cheap ones in the country, nearly oil the
specuatiye railway and miscellaneous stocks being
relatively much higher. AT the close the market
strong at the subjoined ACKNOWLEDGEMENTS,
1881, 112H 112A; coupon, 1881, 117x 117A SEQ,
registered, 1862, 109h 1ooA; $50, coupon, 1862,
Ilsx ll3x; $50, coupon, 1884, 111tS Xix; $40,
coupon 1885, 111h MS; $40 coupon, 1866, jan
uary and July, ia 114H; $40, coupon, 1867 1l4%
1l4k; 500 coupon 1865, 1925 ITO; 1910, registered
loex ioex; 1o-4o coupon, 1904 q loe5s; June 73o,
ITO a 1loJl; July 100, ITO 1loH; August COM
pounds, 1885, 1lsx; september do. do, 1ls; October
do. do, 111k.
Of tta ofrc ~ mar
ket was strong and there was considerable excite
meut In the dealings in Pacific Mail, which advanced
at the early session Of the open board under specu
latiye manipulation. TO loox. At the same time
there were large transactions In Reading, which
sold IN 10 l02 the demand being well distributed in
the street. while there signs Of large purchases
by outside parties supposed to be connected with
the management Of the company. Cleveland and
Pittsbura was also In demand at olA. At the first
regular board the market remained strong, but the
volume OF business in railway shares was not large
Erie closed v higher on the call than at the same
time on saturday, Reading 1H, Michigan Southern
n, Cleveland and Pittsburg u. Rock Island u,
Northwestern preferred v. Tennessee skies, new Is
sue, ~, and North Carolina sixes, ex-coupons, e.
There was more than usual activity In state stocks,
when are at present under "bull" manipulation by
professional spectators. Government securities
were strong at an advance Of x q X per cent AT
the open board at O'Clock Pacific Mail sold up TO
1o3x aud Reading to lo2x. At the second regular
board Rock Island was lower, under report that
another injunction is to be sued for In the interest OF
the receiver appointed by Judge Cardozo. New
York Central closed x higher on the call than at the
first regular board, Erie n. Readings, Northwestern
v, preferred Il, Pacific Mail \. Western Union Tele
graph Y, while Michigan southern was X lower,
cleveland and Pittsburg ~ and Rock Island }s
Government securities strong ata fractional ad
vance In some instances At the Omen board al half