The New York herald., 1869-06-24
FINANCIAL AND COMMERCIAL.
WEDNESDAY, June 2s-s p. NJ.

INANCIAl AND COMMERCIAL.
>~~~~~~~~~>~>~~--~~~~~
WEDNESDAY June 23-6 p N.
The inquiry for money began at an unusually early
hour to-day, the first engagements being made be.
fore eleven O'Clock. The change which subsequently
occurred, taken In connection with the fact that
decided revival Of the "bulsh' feeling in stocks
was brought about later In the day, induces the In
ference that 1t was the nal EFFORT OF the Shylocks
wiring extreme rates from the street. They were
aware that the government purchase OF bonds would
turn nearly two millions OF money upon the market
late in the day, and hence the necessity for giving
1t the appearance Of activity The rate at this early
hour was as high as neeighth per cent per day,
equivalent to forty-nve per cent per annum. High
rates were maintained up to q quarter to three
O'CLOCK, when the extreme was sixteenth and in-
terest. At five minutes to three sudden collapse
took place and one round lot OF half million dollars
was offered at seven per cent currency. 1t was
evident that those who had sold bonds the govern
ment at noon were anxious to employ their money
at some rate OF interest over night.
A telegram from Washington states that the 1st OF
July statement win show decrease OF six millions
In the public debt The receipts for the fiscal year
ending June 80 win exceed the expenditures about
S33, ,0OO, 600. -.-. ,...
General Daniel Butter1e,1 has been appointed
Assistant Treasurer in place OF MIR. H. II. Van Dyck,
but discharged the duties OF the position up to the
present time In compliance with q request from
Secretary Boutwell,. General Butterneld as an old
New YORKER and a business man OF long experience
here will be valuable assistant to Mr. Boutwell, In
suggestions Affecting the interests Of the city.
Governments responded to the extreme rates for
money and the market at the noon session OF the
board was heavy under the additional depressing
influences OF yield In the price at London and the
lower price for gold The 62's sold down l22 and
the 67s to 119H. Few bonds were Offering, and
bidders were unable TO make the market weak. The
recovery was quite marked after three O'CLOCK and
prices closed as folows:-United States sixes 1881,
registered, 116H III; do do, coupon. l2l a 1914;
do., nve-twenties, registered. ll61s a 1l6z; do.
DO, coupon, 1892 122 I22A; do do, cou-
pom, 1854, 116A III; do do, coupon, 1866,
lis 11Sh; do. do. coupon, 1865, new, 119h q
119s; do do, coupon. 1867 l193s q l19h; do.
do. coupon. 1868, llsA 1l9h; do, ten-fortes,
registered, lo7A 107x; do. do, coupon, 108
1OSH; currency bonds, 1861 1861.
The government bought 81, $40 600 Of bonds to-day
at prices as 1oows:-$lOO 900 1867 coupons at 1l545
100000 1867 coupons at 1l544 $10O 1867 coupons
At 1888; 1867 coupons 1542 $780, 1857
coupons at 115.4l; $25OOOO 1867 coupons at 1l54s;
$780, 1867 coupons at 1885, $4,000 1867 coupons
at 1885, $4,000 1867 coupons at 1914 $4,000 1867
coupons at 115l4 $4,000 1852 registered at 1850:
$4,000 1867 coupons at $685. $4,000 1862 registered
at 1850; 100000 1857 coupons at 1I5.49; $IOOOO0
1867 coupons at 1850: 100000 1867 coupons at
1851; 100000 1867 coupons at 1852 $4,000 1867
coupons at 1885, $4,000 1867 registered at 1853
The next purchase Is advertised to take place on
Saturday, ana an impression prevails that still an.
other will be made the Tuesday AFTER The latter
day, 1t will be remembered was suggested by Mr..
Boutwell, in order to close up withn the fiscal year.
Uov nUolr
sales are contemplated within the week or whether
the sale OF Saturday is In lieu OF that suggested for
June 20.
Foreign exchange continued quiet with very little
doing. The market is in uncertain state ana buy
ers are as Indifferent drawers There hardly any
disposition to discount the e1ect Of the payment OF
the July coupons held IN Europe Should the foreign
demand for our vetwenties prove inactive in the
interval to the beginning Of next month the remit.
tances for the coupons will probably have to be
made IN bills. Should the demand continue the in
terest will 60 back in the form OF more bonds. The
one cause counterbalances the other, however In
May large shipments OF bonds were made instead OF
bills The fact that the interest Is promptly paid
keeps alive the foreign investment demand. An.
other fact has been made manifest within the
past few days. Some OF the imported goods
stored In bond are going back to Europe.
The steamer Saturday is to take out some French
goods which could not be marketed. We have
heavily imported this spring, according to the
figures OF the bonded warehouse, but large quanti-
ties came here on commission. There appears to be
limit even to extravaganza and 1t is to be hoped
1t has been reached this The question arises,
to what extent will imports be arresteda 1t Is
not supposabe that any very large amount of those
now here will be sent back, but the merchants who
deal In foreign goods will prefer working Off what is
already here to ordering fresh supplies. 1t will be
curious TO watch this new influence upon the course
OF foreign exchange. Prime bankers sterling day
was worth 1o9H 1905 for sixty day and 1l0k
1lOh for sight bills.
The gold market was unusually steady, the ex-
treme range recorded in the Gold Room being from
137 to 1879. One small sale took place at 1917. The
market was without animation and operators seemed
disposed to await the developments OF the next few
days. The clique manipulation also appeared to |
have ceased, and the quotations OF to-day were the
result OF small and comparatively insignificant or
ders. The record OF the operations Of the Gold Ex
change Bank shows that the purchases of Monday |
the sales Of yesterday. The transactions
Of the second day little larger az will be seen
by the report below. When the cliques unloaded 1
their strategy was more dscernible than when they |
bought hence they induced large sales by outsiders
although previously they had the purchases almost |
to themselves. The course Of the market is shown |
In the table,
10 A. M............ 1917 1870 p. M.......... 1917
IL A. M............ 1879 2:05 p. M......... 1877
II M............... 1917 3P. P.M.............. 137x
1918 r. M.......... 1917 p. M............. 1879
r. .M............. 1917 5P. M...... 1919 a 137X
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