The New York herald., 1868-06-14


There has been very active and buoyant market
for government securities all day, and prices ad-
vanced sX q n per cent from those current at the
close last evening. The purchases to cover "shorts'
as well as on speculation for Q rise have been very
large while the demand from the banks for the sake
OF finding employment for their idle funds has set In
again. The strongest and most active bonds were
the hve-twentes Of 1865 and 1867, and the
most decided improvement was in the last
mentioned. Az forty millions Of coin viii have TO
be disbursed BY the Treasury on ana after the 1st
proximo the demand for reinvestment from the gen.
eral public viii be greatly quickened, and the dis
bursement Of o nearly equal sum in currency
throughout the country In payment Of interest and
dividends by corporations will operate In the same
direction. The July rise Ia therefore likely,
to be one Of considerable MAGNITUDE. At the
close the market was very strong at rhe
following Observation-Disclosures, 1884, Ill 111X;
coupon, 1884, l1ox lle>s 5-2o's registered, 1862,
10Sk 100; 5-20s, coupon, 1882, 112h 112K; do,
1854, 11Ox 110k; do 1885, 110k; do, 1885, Janua-
ry and July, 113k 113A; do, 1857, 113k; 1040's,
registered, 1861 LOG; lo4o's coupon, 100 1o61S;
June 7.3os, 109k 1o9x; July 1905, 1904 1905;
August compounds, 1895, 1lsh; September do,
1ls; october do. 11Ik.
At the commencement Of business the stock mar.
ket was very dull but firm; and at the early session
OF the open board New York Central sold at 1347s;
Reading 96I, and Rock Island, 93X. At the
nrst regular board the market was slightly
lower except for Reading, which advanced.
New York Central closed lower on the call than at
the same time yesterday, Michigan Southern ",
Cleveland and Toledo y, Northwestern 4, pre-
ferred y, Fort Wayne y, Rock Island y, Ohio and
Mississippi u. and western Union Telegraph y,
while reading was q higher Government securities
were strong and in active demand, with a very lin
tied amount offering at an advance Of 4 u per
cent. At the open board at one O'Clock the market
was strong and prices advanced Reading selling at
OK; Erie TO- Rock Island, 1O35s; New York Central,
134X; Michigan Southern, s9h; Cleveland and Toe-
do, 10sN; Fort Wayne 111h; Northwestern, coz do.
referred, s2k Pacific, MAIL oe1s. subsequently
Reading sold up to 97H and then reacted to o. and
Erie sold at 7ox. There was no later session
OF either board and business closed in the lover hall
at halfpast three although there were transactions
on the street In Reading until after four, this being
the most active and buoyant Of the railway shares.
At three O'Clock the quotation for II was o. s7k,
but after the close Of business was bid up to %.
At four O'Clock the quotations were as follows:-Pa-
chic Mail, COX eek; Ohio and Mississippi 2ek
4ex; Western Union Telegraph, S7x Q s7N; New
York Central 1s4,s 1aS; Erie, 70k 7ok; Reading,
GIN ae7x; Michigan Southern, s9k O sex; Illinois
Central 154 Cleveland and Pittsburg, ssk; Cleveland
and Toledo; 1oex q 1ocA; Rock Island, 1881 q 1o4;
Northwestern, COX 70; Northwestern preferred,
sax s2x; Fort wayne, i11k.
tho foreign exchange market was inactive q usual