The New York herald., 1868-06-25
FINANCIAL AND COMMERCIAL.

FINANCIAL AND CONNER GAL.
-~~~~~--~~~~-~----~
,-as WEDNESDAY, June A-6P m.
The gold market was firm during the early part
OF the day, and after opening at l4oX sales were
made at l4ok, but subsequently there was gradual
decline to l4ok, at which price the closing
tions prior to the adjournment OF the board were
recorded There was considerable speculative &C.
tvity In favor of higher premium, and the borrow
pg demand for coin from the "shorts" was brisk.
Loans were made at 5-84 1-l6 364 and l32 per cent
per diem respectively and at 10 per cent per
mum for borrowing, as well as without interest to
either borrower or lender. The gross clearings
amounted to $53,1550OO, the gold balances to
tl,524, 433 and the currency balances to S6S23
the steamer Australasian took out $374 9o4 IN SPECIE
American silver is quoted at 6K 7x per cent be-
now gold, and Mexican dollars are quiet at 103A q
1O3x In gold.
The market has been firm for Reading and the
Chicago and Northwestern shares all day, but Erie
continued heavy without any apparent cause. Loans
continue to be made at IA per cent on call, with
che supply largely in excess Of the demand, while
0rst class commercial paper is scarce and in re.
quest at q per cent
Government securities were dull and steady during
the morning, but In the afternoon they yielded
slightly under the efforts of some of the dealers to
depress them for the purpose of buying at the de-
cline. II is unquestioned that there will be heavy
Investment demand for bonds in July growing out OF
the disbursement Of nearly forty millions in coin by
the Treasury and about thirty millions more in cur
rency by the banks and railways insurance and other
companies and the effect OF this upon prices is easily
foreseen. Hence those who have not all the bonds
they require are watching their opportunity to buy
before the demand referred to is felt The bulls in
Vorn nytO IN iv,du tha of for
nvetwenties abroad adversely by producing lower
quotation for the bonds here this evening. The
market was quiet all day and as rule
activity s necessary to buoyancy, the disposition
tne part or small dealers and spectators being to
realize In the midst OF these periodical us and the
large dealers are always buyers under such circum-
stances. All the indications are favorable to con-
tnued Improvement In our national securities At
the close the market was steady at the following
quotatons:-Registered 1881, 1131S 113H; coupon
1851, 1l8 11SA 52Os registered, 1852, 1O9Z 110;
S-2os, coupon, 1852, 1lsS l1sH; do. 1854, 111h
allH; do 1855, 111k 1l1A; do, 1886, January and
Suy, ia 1141S; do, 1867 114S 11414; do, $685.
1lo IloX; 1o-4o's, registered 1O7 1O7k; 1O-4O's
coupon 1o7k 1O7H; June 1905, 11OH 1lO9s; July
sso's, HOY 11oH; August compounds, 1855, 11sh;
September do, lis; October do, 117k. The new
bonds Of 1858 are in demand and relatively higher
than those Of 1857 Of which last there moderate
supply The time for conversion of thirty
notes OF the June issue has been extended to
July 15, and for those OF July to August l. The SET
Element or interest. however, in the case of both
Issues will be made, as at present. only to July l.
30 that holders will derive advantage from delay.
. At the commencement of business the stock mar
ket was frm but quiet and at the early session OF
tho open board Reading sold at 1885, Michigan
Southern %, and Northwestern preferred 79K. At
Inn 0pofp
slightly lower, Reading, between the boards having
sold up to lo4 Reading closed TX higher than at
the same time yesterday, Cleveland and Pttsburg "
Cleveland and Toledo u, Northwestern 1, preferred
ax, Fort Wayne u, Tennessee skies lex coupon) 4,
North Carolina skies lex coupon) I, and new issue
~; while Erie was 4 lower, Pacific Mail ~ and
Western Union Telegraph u. Government securities
were dull and an eighth per cent lower, except for
ten-forties which were y higher. At the
open board at one O'Clock Pacific Mail de-
0lined to 101 and Erie to so, but other
stocks were steady. At the second regular board
ehe market was irm, especially for the Northwestern
otooks, and Cleveland and Toledo closed X lower
than ct the nrst regular board Rock Island a. Fort
wayne y, Ohio and Mississippi x, western Union
Telegraph 4 and North Carolina skies lex coupon)
X, while Michigan Southern was n higher North
western 1, preferred u and Pacific Mail ~. Govern
ent securities were steady ten-ortes and skies of
lss1 being eighth higher and ve-twenties of 1865
IN eighth lower. At the open board at halfpast
three the market was dull but steady and Erie sold
hs CO. Reading 1884, Cleveland and Pittsburg 9Ox,
northwestern preferred 7sX Michigan Southern
pox and Pacific Mail 1o2k. During the remainder
Of the afternoon the market dull and steady
ot the close ct quarterpast five the quotations
- subjoined:-New York Central, 1s4x 134.; Erie,
bsX co. Reading, 1o3 1oaH; Michigan Southern,
plk . olK; Cleveland and Pittsburg COY s0x;
Cleveland and Toledo. 1o3x q 1857; Rock Island,
losx 1O6K; Northwestern, 90 q 69K; Northwestern
preferred, Tok 79K; Fort Wayne, 1l1K Q l11x;
Ohio and Mississippi sox sos; Pacific Mail, 1o2
hoax; western Union Telegraph, 341s q S4x.
The following table presents @ comparison Of the
highest prices Of the leading speculative stocks In
lsol with those current at the first regular board
today:-
1864. 1862
'i Highest. JuneA. Lo,Der.
Eric. ..126k 5sz< 57k
kseodlng. .....loo iOJh 0lH