The New York herald., 1868-06-07
FINANCIAL AND COMMERCIAL
SATURDAY, June Go p. NJ.

There was considerable speculation for fall in the
gold room to-day, mainly in consequence of the ad-
vance In ivetwenties ON the London Stock Exchange
to 70 1917, and the fluctuations were from 1s9h to
139x, with the closing transactions at 13oH. There
was an active borrowing demand for coin, and loans
were made without interest and at per cent for
carrying and two and three per cent for borrowing
until Monday. The gross clearngs amounted to
$3272S,oo0, the gold balances to s1,452,5 $40 and
the currency balances to S2,26l 1913. The ship
ments OF specie from the port aggregated
about 100000, Of which the Borussia took
$43S,475, the City Of Baltimore $423, 72s and the
France $5S,00o. The total export OF specie
and bullion for the week is So, 1876. The dsburse-
ments of coin at the SubTreasury to-day in payment
OF interest on the public debt amounted to $4,000,
making $666, 900 for the week. American silver Is
quoted at ca a per cent below gold, and Mexican
dollars are 1881 lo3A4 in gold. The Sub-Treasury
resumed its conversions OF seventhirty notes into
bonds yesterday, and the amount converted was
81, ,207, $50, while to-day the aggregate was $94SS00
The railway share market was at intervals excited
and irregular and Rock Island experienced further
advance sales having been made at one time as high
as 1887 under large transactions. Conflict
ing reports were circulated relative to the
settlement real proposed, between the committee
of stockholders and the present directors of the
company II the facts be as represented in press
despatch from Chicago, published this morning, two
IL not three directors, including Messrs. Apple
ton and Hunt, are TO be substituted for an. equal
number OF the present board and certain suits
against the Tracy party are to be withdrawn; but
otherwise matters remain as they were before, Mr..
Tracy still remaining president of the company. The
road is to be built to Council Bluffs, and the pro-
ceeds Of the forty mine thousand shares OF new stock
are to be devoted to this purpose. Such settlement
as this involves a surrender Of all the points
atlv ctaI hv tba
would argue hopelessness their part OF being able
to accomplish anything of material advantage to
themselves. But as the suits proposed to be with
drawn do not include that brought by Mr.. Fisk in
which receiver has already been appointed it is
obvious that the settlement does not extend to this
plaintiff, and unless 1t comprehends all the ltga-
tons growing out Of the issue Of the forty thou
sand shares OF new Stock 1t Is hard to Of what
relief 1t can be either to the stockholders the di
rectors II the transfer books are brought back to
this city the receiver referred to will at once take
possession of them, and this one suit covers the
whole ground Of the case. 1t is expected
that the committee Of stockholders will return to
this city within few hours when some definite
statement Of the negotiations which have taken place
Will probably be made At present the best informed
here are in doubt as to what has actually been done.
The business Of the Stock Exchange may be said to
have terminated after the one O'Clock open board,
and the lower hall closed at three under new regu-
lation to be observed until the first Saturday in Octo
Der; but q few outside brokers kept up dealings on
the street In feeble way until an hour after this
time. The open board has prohibited its members
from dealing at all on Saturdays within this inter-
val, after half past three.
There has been firm but dull market for govern.
ment securities, which, however, developed an i'm
proving tendency in the afternoon. There were
large purchases OF the vetwenties Of 1862 and 1856
by the foreign bankers for export the demand from
this source being stimulated by an advance In the
former In London to 73 73H. The present lull will
doubtless soon be followed by renewed activity
and higher prices, and nearly all the sales
made during the last few days have been
OF small lots held by weak parties anxious
to realize their profits Bonds have thus
passed Ainto stronger hands. At the close the
market was strong but quiet at the subjoned quota
tions:-Regstered, 1881, 1l1& 112; coupon, 1881,
1l6h 1lek 5-2O's, registered 1862, 1Osa1 100;
620's coupon, 1862 11211 112H; do, 1854, 11O,S
11ox; do, 1885, 11oK 110k; do, 1855, January and
July, 113 a 1131S; do 1867, 1131S 113K; 10-40's,
registered, LOG 106h; 1O-40's, coupon, 1Oe 1O61S;
June zoos, 1o9K 1osk; July 1905, 1927 1osa<;
August compounds, 1865, 11s14; September do
1l7X; October do. I17K.
Money was offered largely in excess Of the demand
to the principal dealers in United States stocks and
other first class firms at three per cent and In some
instances balances loaned at two per cent, but
the general rate on mixed colaterals was four.
The statement OF the associated banks Of this city for
the week ending to-day shows that they continue to
gain largely in deposits and legal tenders; but the
gain from this source is neurazed by the loss in
specie owing to the shipments to Europe which are
being made The deposits have increased s. a42, SOL,
the legal tender notes $s,1ss,275 and the loans
46,614,s77, while the circulation has increased
44256s and the specie has decreased $s,5s2557 The
increase in fOans mainly reflects the purchases Of
United States stocks by the banks for the employ
ment of their surplus funds The totals Of the last
two statements are as here given:-
May 81. June 8.
Loans s............. $26S, ,177,4g0 $273, ,792, ,387
Specie. ie................ 17,S6l,0Ss 14,32S, ,531
ircu Inn