The New York herald., 1869-06-07

Legal CendelS.. 51,9lO,113 53,2S9,429
The changes as l0Ilows:-
increase In loans. OBSERVATION-DISCLOSURES. 1881 149
increase in specie Il.9 903
pecrease IN circulanon.... 81, l90
decrease i'll deposit is. ACKNOWLEDGEMENTS. 3,93l. .55S
decrease III legal tenders 4,5s0,944
The banks mold Sl4 o03, SO3 in excess OF the legal
seserve OF twenty-five per cent.
The rate on call loans during the week was quite
even at aud seven per cent, according to the
character of the colateras and the standing of the
borrower. On the last days there was more activity
and few transactions took place at lower figures
sthan the full legal rate. The bank statement ac-
counts for this alteration in the market. Commercial
papcr in air request by the city and country banks
and long paper is equally favorite with them for
investment, which would indicate that higher rates
cn call are not looked for until the South and West
Deglu to make their usual iall demand for funds to
move the cotton and corn. Indeed. the natural
tendency OF the interest rate is to lower figures
year ago, amid the active speculation which then
prevailed, not only in the stock Market but in real
estate and general merchandise the rate on
call dropped 70 I'VE and four and excep-
tiOnally three per cent. This year the
Newest 1gure-and that exceptionally-was nve
per cent. Doubtless the imitation of values at the
stock exchange and the very large advances in the
prices Of railway shares have absorbed an extra
amount OF funds, although the dulness OF the real
estate market and the stagnaton OF general business
should to certain extent prove Offset to this en-
hancement. The total sales OF railway stocks last
week comprised more than a million and half OF
tshares-a sum and half times great in the
corresponding week OF the previous year. Allow
ance should be ma e for the fact however, that the
SJOck Exchange numbers fully twice as many
brokers 1t did last year, owing to the absorption
ipf the Open Board. Foreign exchange was irregular
within very narrow limits at time sho wing quite
q tendency to decline but stidening and becoming
quite firm at the close OF the week the basis OF
1O9n for prime bankers sixty days sterling. The
supply OF bond and commercial bills seems to have
been exhausted and hence the stronger tone quo.
CATIONS
I The government market followed the general
course Of affairs during the week, but not very
Closely. The best prices we're made at the opening,
but transactions less extensive than usual the
interest Of the speculative element being centred in
Ihe stock Market while the equality OF the quotation
on both sides OF the Atlantic left little margin for
shipment Tho London market is losing lis anma-
Zion with the approach OF the summer vacation sea-
son. The folowln; the closing prices satur-
day:-Unted States SKIES, 1881, registered III
u 117H; do, coupon, 1915 122 do.
6ve-twentics, registered, 1l67s q 117K; do do,
coupon, 1862, 1229s l22S; do. do, coupon, 1854,
a17K 1l77s; do do, coupon, 1865 1ISh 1Isa;
do. do, coupon, 1895, new, 1875 120k; DO. do,
coupon 1867, 1l9Ss 100; do. do coupon. 1868,
A19A a 100; United States ten-forties, regis
Gered, 1854 1osk; do. do, coupon, 1924 1os,S
currency bonds, I07 lo7A.
Southern securities active and strong, with
Arecovery in those bonds which had been subjected
20 the depressing effects of irregular detective
aegislatiOn IN tieir State Legislatures. The new
North Carollnas were buoyant and higher at the
close in consequence OF very positive antIcipations
OF the payment OF the interest The good example
OF Secretary Boutwell, Is about to be inflated by the
1Iouisiana authorities In making sinking fund for
the redemption o! the levce skies hundred thou
sand OF which will be retired annually The following
the closing prices the Southern list on satur
day:-Tennessees cx coupon, 67X q 67x; DO,
new 6ih 641s; do. five per cent 80 o 62; virginias
ex coupon, 57x 5s; d., new, 61Js q 61x; do
registered stock. 5ok 81; do, registered, 1866 so
csJ6; do, registered. 1867 60 q 81: Georgia sixes
81 81; do. sevens 90 q eeK: do. do, interest pay.
able Georgia. % a 96; North Cardinals ex coupon
90 q COZ; do new, 56H a 81; Missouri skies, 90 q
90&; do. Hannibal and ~. Joseph, 9a bid; Louisiana
skies, II 726; louisiana levee skies, e5H 661i;
DOL do, eigh;s, 81 So, Alabama elghts, 100 a
1o2; Alabama ves, 80 o.; do, skies, sterling o5
100; South Carolina sxes So q S5 do, new, 50 81;
do registered stock, 05 a es city Memphis sixes so
81: city Atlanta eights, s5 90; city Savannah
sevens. 93 94 city New orleans consols 20 u. do.
do, issue railroads. 70 az Mobile and Ohio sterling,
81 e8; do. DO, cghts 80 80; Mississippi Central
Railroad, list mortgage 75 IS; do. do, I'd do 60
%; Memphis and Charleston 1st mortgage 81 90:
DO do. 2d do, rs 70; 40 do, stock AZ a so;
Greenvillc and Columbia Railroad, guaranteed, O2
aG5.
The gold market was less excited than II has been
since the period OF the failures OF the gold 'bears-
1t rs curious fact pdrentese, that All the fan.
urcs in the different markets, numbering nearly
half dozen in all have been on the 'bear' side.
At the beginning Of the weeS the bullish feeling
quite strong, but the current OF feeling turned
on Tucsday and prices sunt until Friday when they
touched their lowest and the week closed with
revival Of the bullish feeling The range OF tie
market is shown In the table,
, Htohes. forrest
monuay ''.'..'.............. 1870 1881
ruesuN; .''''.........,... l3eiS 1881
,rnnra,avS MuundsuaS '''''''''''''..'. l3e% l8sia
,,'n .nu, ,su"s''''''''' l]S1 l39
SATURDAY sai'.,'..'....,...... iss5 las,5 sJ&