The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-06-13
FINANCIAL AND COMMERCIAL
FRIDAY, June Pap. M


FRIDAY, June l2-6P.M.
The gold market has been very nrm but quiet to-
day and the fluctuations were from 1897 to l4ok
with the closing transactions at the highest point
touched There was an active borrowing demand
dor coin and loans were made mat" and at rates va
xying from one to six per cent per annum and I-o4
per diem. The gross clearings amounted to
so, 10000 the gold balances to s222 $50 and the
currency balances to 81 1885, 1873. The Sub-Treasury
disoarsed Slo2 900 in coin in payment Of interest
khe public debt and the conversions OF seven-thirty
notes into vetwenty bonds amounted to ST. AS 800.
Tho supply of money continues superintendent at
three and four per cent CALL and the demand from
she Stock Exchange is light. There is very little
commercial paper ofering and strictly prime is in
request at five per cent
a me Illinois Central Railway Company announce s
shat In accordance with the plan sanctioned at the
stockholders meeting held on the 27th of May, the
stock Is to be increased by the issue Of eight shares
xor every hundred outstanding, the same to be dis
arbuted to holders Of stock registered on the COM
psnys books on the LIST of August next, in the
proportion Of one share for every twelve and half
sshares then held by them.
Government securities were dull and rather droop-
nng during the greater part Of the day. and there
homo hsmmerng done by the dealers for the purpose
quarter-past two CALL however, there was an active
demand for all the issues Of ve-twenties and prices
advanced about quarter per cent. The indications
now are that the reaction from the recent rapid adj
vance and extreme activity has spent Its force and
that prices win steadily advance from this time for
ward The demand for investment VIII be largely
Increased after the end Of the month by the dsburse
ment OF about forty millions In coin by the Treasury
and nearly equal sum in currency by banks
and other corporations throughout the country
IN payment Of dividends and interest. United
States stocks are relatively cheaper than any
Others in Wall street, and the funding OF the
remainder Of the seven-thirty notes, by practically
closing oil the gold loans will result in q gradual
appreciation Of their market value both at
homo and abroad At the close the mar
ket was strong at the subjoined quota
tions:-Regtstered, 1881, 111x 111h; coupon. 1881,
116x 116X; $685. registered, 1862, 10Sz q 109;
S-so's, coupon, 1892 liz 112H; d. 1854, 1907 q
lilo; do, 1885, 11oh Q 1l0H; do, 1866, January
and July. 112X 113; do, 1867, 113 113<; 10-40's
registered, 1861 LOG; 104o's, coupon, 1861 106;
June 1905, 1osk 1os7f; July 1905 1o914 lOsh.
! At the commencement Of business the stock mar
ket was extremely dull but firm, and at the early
session Of the open board prices were slightly higher
an some instances than at the close last evening,
Reading selling at 95X and Rock Island at 1o4H. At
the first regular board the market was quiet but irm
and Reading closed * higher than at the same time
yesterday Michigan Southern u, Rock Island ",
Fort Wayne 4 and Ohio and Mississippi a. while
New York Central was u lower Cleveland and
Toledo u and Northwestern u. Government secur
ties were dull and Il u lower. At the open board
at one O'Clock the volume of business continued light
and New York Central sold at 1861 and Erie
at 7Ok At the second regular board there
was no material change iu prices and
New York Central closed Il lower than at the first
regular board. Michigan Southern u and Ohio and
mississippi u, while Reading was Il higher and
Northwestern preferred x. United States stocks
dull ut further decline OF oneeighth per cent
In some instances; but after the call an active de-
mand sprung up and prices advanced. At the open
board at half past three there lengthy discus
sion relative to the new Stock Clearing House, but
action was postponed on the subject until after the
regular board has considered it tomorrow. There
was business of importance transacted during the
remainder Of the afternoon, and at the close, soon
after five O'Clock, the quotations were follows:-
Western Union Telegraph, 374 377s; New York
Central, 134'I 134H Erie, e99l; Reading, 90; Mchi
gan Southern, s9X SOY; Cleveland and Pittsburg,
67H 87T; Cleveland and Toledo, 1918 a 1903; Rock
Island, 1858 a 1861; Northwestern, 90 69M; North
western preferred slh S1al; Fort Wayne, 1loa4
i'll; Pacific, 952< 95I.
steady, at rates permitting Of the export of specie
The supply Of cotton and general produce bills Is
very light and the demand from the importing con-
munty limited Bankers bills on England at sixty
days quoted at the close at ITO 110; at three
days. 110H 1905 commercial bills, 1925 f09A;
bankers bills on Paris at sixty days, Sis 5.l2,.
The foreign import movement is rather large for
the time Of year, while the exports are light. The
imports at this port in May were valued at
$50 In coin, exclusive Of freight and duty,
against $21, s52, $50 in the corresponding month in
1887 and $2s, S1s, AT in 1866 The Withdrawals from
warehouse last month amounted to Sp,045,35l, while
the entries for warehousing were 1O,54lO7s, show
ing slight increase In the stock in bond. For the
1lrst i've months Of the present year the total i'm
ports were valued at slO 2e5 against Sis 355
FOR tho corresponding period in 1857 and $40 $40
In 1885, The imports for the first eleven months OF
the fiscal year ending June 80 in the present and two
previous years were as subjoined:-
1865. 1867. 1868.
Six uontha 7aO 2aT <1d2 o1O s9 SfI9 mo 1910