The New York herald., 1868-06-07
FINANCIAL AND COMMERCIAL.
SATURDAY. June s-aPM

SATURDAY, June 6-6 N.
There was considerable speculation for fall in the
gold room to-day, mainly In consequence OF the ad-
vance in hve-twentes on the London Stock Exchange
to 70 a 7sH, and the fluctuations were from 1917 to
ls9, with the closing transactions at l3eX. There
was an active borrowing demand for coin and loans
were made without interest and at one per cent for
carrying and two and three per cent for borrowing
until Monday. The gross clearings amounted to
$S2,72S,o0o, the gold balances to $1452,546 and
the currency balances to s2,26l,s2 The ship
ments OF specie from the port aggregated
about 100000, OF which the Borussia took
$4SS'475, the City Of Baltimore $423,72s and the
france $5S,000 The total export OF specie
and bullion for the week is 795. The dsburse
ments OF coin at the Sub-Treasury to-day In payment
OF interest on the public debt amounted to $4,000,
making $666,000 for the week. American silver Is
quoted at 6z o per cent below gold, and Mexican
dollars are l034 103sl in gold. The Sub-Treasury
resumed its conversions of seven-thirty notes into
bonds yesterday, and the amount converted was
,55o while to-day the aggregate was $685. S00
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 or proposed, between the committee
OF stockholders and the present directors of the
u
despatch from Chicago, published this morning. two
II not three new directors, including Messrs Apple
ton and Hunt, are to be substituted for aneaual
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against the Tracy party are to be withdrawn; but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 nine thousand shares of new stock
are to be devoted to this purpose. Such settlement
as this involves surrender of all the points
originally contested by the stockholders, and
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
plaintlli and unless 1t cOmprehends all the tiga-
tons growing out Of the issue Of the forty nine thou
sand shares Of new stock it is hard to see Of what
relief 1t be either to the stockholders or the d.
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 done.
The business Of the Stock Exchange may be said to
nave terminated after the one O'Clock open board,
and the lower hall closed at three, under new regu-
latton to be observed until the first Saturday in Octo
Der; but few outside brokers keptup dealings on
the street In feeble way until an hour after this
time The open board has prohibited its members
rom dealing at all on Saturdays, within this inter-
val, after half-past three.
There has been flrm but dull market for govern.
ment securities, which, however, developed an i'm
proving tendency In the afternoon. There were
large purchases of the hvetwenies 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 7S 7SX. The present lull viii
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 suboined quota
tions:-Registered, 1884, 1llX 1l2; coupon, 1881,
1leH 1leX; 5-2O's, registered, 1882, 1osx 100;
b-2o's, coupon, 1892 112,< 112X; do, 1884, 11oH
1loX; do, 1895, 110k 110K do, 1885, January and
July, l1S q 113H; do, 1857, 113S 113K; 10-40's
registered, 106 1861; 104o's, coupon, l06 1O6&;
June y.8os, 1OsK 1o9x; July 1905, 1O9H a 109x;
August compounds, 1885, 11sx; September do,
1l7x; october do. 117x.
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 were 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 neutrazed by the loss in
specie owing to the shipments to Europe which are
being made. The deposits have increased $4s42,6o
the legal tender notes $s,1ss,275 and the loans
46,614,s77, while the circulation has increased
az 56s and the specie has decreased $a $751; The
increase in iOans 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:-