The New York herald., 1868-06-16
he two previous years.

There has been a very strong and excited market
for government securities all day and prices advanced
- u per cent, the heaviest demand being for the
nve-twentes Of 1865 aud 1867. The foreign bankers
were large buyers for export and the purchases for
home investment were ON az great scale as at any
time this season. The advance in 1ve.twenties in
London to 49, together with the upward tendency Of
gold here, stimulated inquiry for the exportable
bonds which were particularly strong late in the
afternoon. The plethora Of money at this centre ls
causing the banks and other corporations TO be large
buyers for the sake OF giving employment 20 their
surplus funds. At the same time there Is a specula-
tive demand in anticipation OF higher prices, based
upon the disbursement OF nearly forty millions IN
coin by the Treasury in July and thirty millions
moro in currency by corporations throughout the
country In payment Of interest and dividends a
iarge portion Of the amount thus disbursed win be
reinyested in United States Stocks and the effect of
This, simultaneously with the closing OF all the gold
loans by the funding OF the remainder OF the seven
thlriy notes outstanding, will be very marked. The
pubhc deot Is now IN a more satisfactory condition
than II has been at any time since the ante 5ellun
period and the credit OF the government is stronger
than at any time since the first war loans
were contracted. That United States stocks
Will permanently command prices much
above the average Of former years hardly
admits Of doubt and with a limited supply
and an unlimited demand there is no know.
Ing how high they may be carried above the high.
er figures they have touched at any time antecclent
20 the present. AZ the close the market was active
and buoyant at the following quotations
Registered, 1851, l1l1s a 49, coupon, 1851,
III 117's; 5-2O's registered, 1862 1Og
109A; 5-oe-, coupon, 1862, 1l25S 113; do, 1s,I.
llO3+ 1l06; dO 1865, ll0ts Ill; do, lS05, Jan
nary and July, 1134 1l37s; do, 1867, ia 1l416;
lO-40s, registered, 100 1909 lO4os, coupon, 1904
loe1s; June 1905, loe3 40; July 1905, 1904
lloi August compounds, 1865 lls]l; september do,
lls; October do. ll7]S.
NJ tnc commencement Of business the stock mar.
hei was dun but rm, and nj the early session OF the
open board Reading advarced to 9stS, while prices
sehoiay were traction higher than al the close on
Sa'uruay AZ The first regular board The market was
strong ana somewhat more active and New YORK
central closed 4 higher thaD a. The same time on
saturday, Reading &, Michigan Southern q. Cleye.
land and Pittsburg q, Cleveland ana Toledo a. Rock
Bland ], Northwestern "a, Northwestern preferrcd
IA, Fort Wayne e, and Western UniCn Telegraph
~ state stocks were "a - higher. Government
securities we're IN very active demand AZ an advance
OF q a e per cent. Al the open board A. one
O'Clock prices were slightly lower IN some instances
snd the volume Of bus mess was vegy light AIN,
second regular board the market was STEADY IN tome
bul quiet, and Cleveland aDd Pittsburs closed Y
hghsr than ai the first regular board, Northwestern
preferred % Port Wayne x, ana Pacific Mai n,
"ADe M8qlpg was i iover, Michigan Southern a