New-York tribune., 1868-06-30

weak, and declined to 1924. North. Western shs,a.
continued active at III for tho Common and 7sl n.
the Preferred stock. Government bonds closed AMI,
and steady at quotations: t.I
US g. Pac r. RIOS SlO3i Us,52O Co new 6sllaEau.
T. Ss 1881 Co liz, SirSt O. s iosS RcS ss" S sl
U. s. $40 Reg. alO9s u g. iOIO Coz
U. s. $40 COu. 90 ..l3Lal9i u s. 73O Cd COu Os, sss
u s. $40 C0u e4 .1OE aif lU s. 80 Sd Con iGat Sis
u. g. $40 COu. '66. ..I11s Glllt
The following are VIM. Heath & Co.'s last Quota.
tiOns of stocks: .H
Boston w P...... 1sE 10 Hudson RIyer....ia mi.
Cumberland ,..;.. SO saI ReadIng..::.... ..ios, sl
fi,i; Express ISi y apSsh pref 8 3 81
American Express 45t 5l N. st. Paul. - 65l "a
Adams Express. 81 81 MA &stPaul pref isi =,
United states ~ "a a GGtt Wsyheilli mi
9aicfsiIyer Mn's a5i asi Boston, ii. &E... ID
MaTPSss MarPS.a Pref: 81 MiSR MiSR ssSn:5I Sen II, d
Canton Co.; 1855. 40 80 Illinois CeltIal i5I iSs
Pacific Mail :......1 .1os 1913 geye Pltfs.. 81 81,
Western Un. Tel. 81, SiE Rock Island. .iGS. 1851
Eew-York Cent ..19li l3lj Northwestern -. 7li rii
Erie: :........... S9i sss Northwest Pref. Isl Ta
Erie Pref.........' ID
The following were the bids for Bank stocks:
New-York ...............i American Exchange . iN
Manhattan .....,.....l45 Bank OF the Republic lIs
Merchants. ...........,R3 MetrOpOntan.
Mechanics 1875 East River. lo9
america ;.'.-.-'.'"''ss Malko.'''''''''.'.''.@
Butchers and Droyers...lsl Shoe and Leather...iia
MercSsnts Exchange Iii Marine
Seventh Ward ..........129 Com mmon wealth. ...iif
staSs ec%@erSs Ss Ssw Central National
Ocean .lO8t Tenth Natonal.....
And the following for Railroad bonds:
Cen Cen S. ssists GS %ss:sn wsS "a a. " ~
N Y Cen. 6s subn. 90 Mil & p du c. lst MT 100
N Y Cen rs, cow 1875. I3i Galens Chic Ext'd 100
ny Cen I ISSsIs iSs @ Cal cal Che i.i % %,se @
Erie Is, sd Ind lss3... 97t Chi. X Pacific Iss. ss
H@d 70 st NJ c'S IS Slsy ISI SIM sink "a ES d; & IS
HSd HSd IS ISIS fsx'frSsy 3sn hc m
Hage ist Mort ISI PITS Pits e5ic e5c % %
sS sch DO r. Is. i,s M 81 ~ csT Pits 9s sd
Chic, B@QsP;cI NJ II3i cIey PITTS pits. . sd n. gt
Mich 70 "a Ma 1914 81 ey Sey &Pitts Pitts e con-
Pac r E IS IS guar. q ar BY By no. o." S8 Chic All Fd i
III. Cen per cent. 70. IlS Chic Alton f'd Inc q
Alton A StfE ad R Pd s. OHIO aS Miss i' I's coad
Chic NV Fund 99a Peninsula PEI D, r. r Bonds
Cond P Ct. Ek Bond 81 Mar Marietta Gin ist MI 81
GGGsoa Pc PC Sns st Or ,Ss ssi GbS cRS a R Isl
Del. Lack & W. I'd M 98i N. York & n. Haven S'
Tol Wab ist NJ ext. "a
The demand for money is nominal. and lenders are
content for the moment with 3a4 per cent with
occasional loans at lower rates Prime commercial
paper is scarce and wanted and all borrowers of fair
credit find no difficulty in supplying their wants a
low rates.
There is a growing demand for railway shares foe
investment, stimulated by the continued favorabls
reports of their traffic and the very hattering so-
counts of the crops given by the Western press and
fully confirmed by the personal observation of exps-
rienced merchants from the East made during bust
ness trips 10 the West The chronic bears of Walst
are however certain that merchants who buy rail-
way shares after personal examination Of their mer'
its are paving the way TO ruin and lose no opportunity
of ventilating this theory with small success The
professional bears have memory for anything since
1851 and still consider the greater part of the shares
sold on the exchanges as unfinished enterprises
in advance of the wants of the country. and forges
that eleven years have converted them into trunk
lines. az sure of income as New-YOrk Central %
Pennsylvania Central They wholly ignore the
steady and rapid growth of the agricultural and in
dustrial products Of the country and the great In.
crease of the producing power Of the West through
the influx of emigration. and by the restoration
of the armies of the Union to labor for the per.
manent advancement of the country. Prices
of railway property may fall in Wall-st, bus
that fact by means dsproves the opinion that TINS
class of investments is steadily improving in intrinsic
value through the growth of business which must bs
done over railroads. Buyers may be for the moment
over sanguine but there is no mistaking the
evidence that the substantial facts in favor OF
buyers
Sterling Exchange is firm with good demand. We
quote: London co days, llO9 llOB; London. sight
llOSdllOI; Paris, long, 5.1S,95.l2i; Paris, short
5ll305I0; Antwerp 5.l6! a513s; Swiss, 5.l6.a5lStj
Hamburg, S6saS6s Amsterdam. 4l!a4l Ia; Frankfort
HtdA; Bremen, 79sG79!; Berlin, 7l3G72a
The transactions at the office Of the Assistant
Treasurer were: Recepts-For Customs. sS7l,VSj
for Gold Notes. $lSl 600; Total Receipts s4lS995 6i
Total Payments $39S60S5 so; Balance S9i l566IS ~
The Times has the following pertinent remarks upon
the new Tax bill and the Stock Clearing House Asso-
citation:
II will be noticed that certified checks made takabs
az circulation Whether this includes the heavy daT
snms OF certidcatons not really designed 10 circulate
money hut made for the convenience OF clearing une
ences between the banks the following morning OF not
ought 10 be explained in the bill before II is pereeea
in the Senate II it be intended TO taS sueh ShTos.
made grave mistake in not carrying out the purPo's
OF the new Bankers aud Brokers Associated, ~
Clearing. House OF their own. as the gold oroSes'
did in establishing the Gold Exchange Bank
Tho present daily average OF exchanges %
sIsaFanSss tSsT csarhs nsiTSsa House about 100000 Oa,
three-fourths OF which are In certinee a r,,ssS
To nav Government tax upon this large sum would. oI
course render the accounts OF the STOCK Drokes
question whether the system OF civilizations as now 20
extensively pracced, ought to be longer eohu.e The
seasons of money pressure II undoubtedly 81 hs
dfcultes aud dstrust that attend the adjustment O s
daily accounts Of the stock brokers' after sudoeh
In the money market failures or panics on 'ns
exchange. II SSOOOOOOO bank exchanges are & sS
with g. 500 900 or $1,000 900 OF money and soVy
ransactons with 81 90 or $4,000 900 gold ana
~ ia Jitiienlt 10 understand why the Stock Exehahse
should resist as many OF its members now 90 ss .no
au0iraton OF the same sort Of machinery or tne eas
and convenient adjustment Of their own daly uan''"
ti0ns.
The Bankers and Brokers' Association IS gro"l.s
in favor among careful people and were II not 10, 'u'
jealousy of individual menbers, would be the e~ru
of exchange for all the basness of the Boarc' IN.
morning an employe of member OF tte open DO, ~.
had 100000 in Government bonds snatched iio"i IT,.
Loods "a ba wa enteripe his employers Office in'