The New York herald., 1869-06-13
FINANCIAL AND CONNER CiAL
SATURDAY, June I2-o M.

SATURDAY, June 12-0 p. M.
rpe money market was easier to-day, although the
interest pald in many instances was extra legal.
The sunpIy Of funds has been increased by the at
traction TO this point OF money whose lenders were
an search of the nigh rates lately prevailing. On
governments SIX per cent coin and seven per cent
currency were the ruling figures. On stocks there
was great deal done at seven gold and at seven
currency with a small commission. The bank state
ment is certainly not favorable one, but the street
had been led to look for such very bad one that 1t
nppears favorable by contrast. There Is decrease
OF nearly two and haf. millions In legal tenders
and a trring gam in specie. The loans have been
contracted about four millions showing the effect
of the heavy ''dropn In stocks during the week
and the efforts OF the banks to place
themselves a more conservative footing.
The deposits have fallen or over S. OO0 900 and the
circulation increased 100000. The loss in legal
tenders represents the payments into the Sub-Trea
sury for the gold sold by the government and the
payments Of internal revenue taxes The specie item
shows that the exports thereof and the payments
for customs were just equal TO the disbursements OF
the Treasury. The decrease in deposits is the Sc
quence of tue contraction in loans The totals OF the
last two statements are contrasted as follows:-
Loans ,s 60 sen ss 7s Dec IS
Specie. le,05l,lS3 1s,o53,5s0 Inc. 2,447
Circulation. ss.ss2 sss s4,l44sso Inc. lsl,7sS
legal tender. 5S,2ss,42s 5Os5e,a5s Dec. 2,4so,l71
Government bonds were quiet, dull and steady,
auctustng but little and seeming to have lost spec
ulative interest for the present. The London price
was an Improvement s010, but the relations OF the
quotation ON both sides OF the ocean such as to
keep the foreign bankers from buying. AS to the
London price, It's seadiness well that Of con-
sols following the reduction OF the rate OF discount
by the Bank Of England suggests the inference that
financial circles in the British capital are just as
much in the dark as ourselves concerning the ex-
tent Of the difficulties In Paris. There is an evident
distrust in the English mind OF the proceedings OF
the past week in that city OF revolutions and barr
cades, and hence the lack of buoyancy and anirna-
ton which should follow SO important a change as
thar IN the discount rate. The following were
the closing street quotations:-Unlted States
slXes, 1881, registered, l164 III; do,
do, coupon, III l2134; do hve-twenties regis
tered, 1I6I a III; do. do, coupon, 1852, 1221s
l221. do. do coupon, 1864, 1l71. 11714; do do,
coupon, 1865, l1S71 1lss; do do, coupon, 1865,
new, l1e1a ll934; do. DO, coupon, 1867 1893. a
Ilsa& do do, coupon, ls6s, ll91s l191s; do, ten
fortes, registered 1913 1913; do. do, coupon,
l0s14 a l0s1s; currency bonds, 1862 LOG.
The gold market was very steady the extreme
nuctuauons during the session OF the board being
three-eghths per cent. The figures at the Clearing
House indicate increase Of the short interest
which Is put out very probably against the heavy
government disbursements OF gold interest in July
but the tone OF the market very strong under the
present aspect OF the foreign exchanges and through
ndehnable belief that the troubles in France are
really more serious than the Emperor's censors will
permit TO be told Again. 1t Is evident that President
Grant must soon recognize the Cuban beligerents,
and while such step would lead TO no embarrass-
ment or dlculty 30 far the United States is
the premium. The course OF the market is shown In
the taple-