The New York herald., 1869-06-09
FINANCIAL AND CONNER CIAL.
TUESDAY, June So p. N.

TUESDAY, June s-oP.M
the relation of the imports to the exports as set
forth IN the statistics OF commerce and navigation
for the year 1865 shows that We have been accus
toned TO make much allowance for the excess es
the former over the latter The difference last p,s,
was only forty millions OF dollars. Near . thst
amount of government bonds and American easxav
stocks were exported to Europe, so that ne setua
demand for specie to settle the balance o. trade was
eomparatiyely small. The ''bullsn N y,ld have
made great stir the present seaso' suer the rela
lively large imports, but in contras app the dgures
Of the imports and exports at this c,y n shoud not
be forgotten that while Nc ~ York is the
great entrepot for foreign Goods and receives
nine ;enths OF the imports OF e whole country the
exports 60 from every city and town and village ON
,he seashore between the a. Croix and Rio Grande
The cotton factor In Cha cston viii ship direct nom
that port to Europe, BIT viii order his foreign pur
ahases through New fork. The record as preserved
m the bureau AT Washington shows the extensive
character OF tie exports from other ports than New
York during the year 1868. The commerce OF South
ern ports HIS not been inferior this year last and
hence, VIXEN the tme comes to strike o balance it
will be found that the fears which drove gold over
l40 were aroused for speculative purposes.
The money market was more active to-day and
gold interest was paid in some and exceptional
instances. The demand quite irregular how
ever and variously reported in different portions OF
the street. While unable to lend at seven
per cent at the close Of banking hours others found
difficulty in getting funds at that rate. The country
demand is hardly large enough to create the present
activity and hence the suspicion Of artificial infu-
ences In connection with the stock market CONNER
eaal paper inactive and rates had tendency TO
htte wider range, the quotation being seven TO
nine per cent for prime double names.
Foreign exchange was active and higher at the
close, the prime bankers advancing their rates to
1925 for sixty day and TO 1l07s for sight bills The
demand for the steamer revealed scarcity of bond
and commercial bills. Bond bills have been entirely
absorbed and the present equality OF the quotation
for hve-twentes in Europe ana this country pre-.
vents further supply. The steadiness of gold Is
opposed to a better supply of commercial pls. The
following was the range Of rates:-Sterlng, sixty
days, commercial. 1855 100; good to prime bank
ers' 1925 1091S; short sight, ITO 11o3s; Paris,
sixty days, 522H o 5.16l; short sight, 5.164
61S2l; Antwerp, 5.22h 5164; Switzerland, 5.221l
a516i4; Hamburg, 35i4 35I; Amsterdam, 397s
COS; Frankfort, 3e7S 4O1s; Bremen TX 7sl4;
Prussian thalers 70}S a ~.
Governments were quiet and dull. At the opening
there some realization in anticipation Of activity
n money, but the buyers were numerous enough to
prevent decline of more than onequarter per cent
as compared with the closing prices Of yesterday.
The London quotation coming s07S and closing s04,
the feeling in the market improved and prices re-
covered their lost ground. The home investment
demand for bonds is quite active and general as
usual at this season OF the year. and maintains prices
at figures which leave no margin for export. cal
cnlation will show that the quotation for e2's is
exactly the same In New York and London. The
market closed firm, with sudden advance upon the
noon quotations, based probably upon the London
mail news OF an expected lowering Of the English
discount rate. The following were the final
street prtces-Uned States SKIES, 1881, registered
III l1714; do, coupon, 121,& 122; do. i've
twenties, registered, 11e1s 117; do. do. coupon.
ls62 1928 l221l; do. do, coupon, 1864, 1173s q
n71k; do. do, coupon, 1865, 11s< 1ls7s; do do,
coupon, 1866, new, 10Y 120; do. do, coupon
lS67, 100 120x; do. do, coupon, 1858, 11e5s a
100; United States ten-forties registered, los1z
f0s%; do do, coupon, 1905 1o9L; currency
bonds 1861 1o7.
Southern securities were disposed to yield In the
presence OF the greater activity in money, and the
tendency was quite decided in the Tennessee new
bonds, which declined to 62A, and in the North
Carolinas The Treasurer Of the State OF Louisiana
has given notice that the interest coupons on all
Louisiana State bonds Will be paid as they mature
presentation at the Citizens Bank Of Louisiana
and at the Bank OF America in this city. Prices
were more steady later in the day, and closed as
follows-Tennessees, ex coupon, 81 67H; do,
new, 63 63h; Virginias, ex coupon, 81 SIX; do,
new, 81 Il 81; Georgia skies, SO s3Ji; do. sevenA
90 a e6ll; North Carolinas, ex coupon, 90 a 6o1s;
oo., new, SC 81; Louisiana skies, ~ 70; do levee
nxes, GO eeiS; do. do, c,ghts, 81 a s7f; Alabama
eights, 100 lol; do. 1ves, co c.; City OF Memphis
sixes, Sc q 81.
The gold market was strong, with an advance on
extreme quotations from 1888 to lSe. The rise was
Que to the rmer tone OF the foreign exchanges and
particularly 10 the rate for sight sterling which Is
within a very small fraction OF the specie shipping
point. The better quotation for bonds in London re-
sisted this advance but Intellectually, as the home
market for governments also improved and left no
margin between the domestic and foreign quota
zion on which make bond bills. The cou OF the
premium Is shown in the table,
loA. M.,;.......... 1885 2P;M. ;;.....".... 1881