The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-06-27
FINANCIAL AND COMMERCIAL.

Loans. $685., 341, oO6 $500 ADJ 7S2
specie. l9025, 444 20 267. lao
Legal tenders.... 49.6l2,4oS As, l63, 900
deposits .............. 1924, ITO Isl, 74695
CIRCULATION .............. "a, 1851 $50 1929, 1875
1t will be seen from these figures that although
fhere Is an actual loss In reserve, the banks hold
$50 this week against $13 53l 1873 last week in
excess OF the legal TWENTY-FIVE per cent-a gain Of
nearly 100000. The changes In the respective items
are detailed as follows:-
Decrease in loans. 90 ia
increase In specie. OBSERVATION-DISCLOSURES. ,23l, $3.50
Increase in circulation is Q58
decrease IN deposits. OBSERVATION-DISCLOSURES. ,469 AIS
decrease In legal tenders. LAS 558
The tendency OF the money market to easier rates
was more pronounced to-day, and really cheerful
feeling prevailed. On the one hand the government
dlsbursed million and quarter late in the after.
moon, in payment for the bonds bought at noon,
while the last Of the unequal gold sales takes place
on Monday. The operations OF the Treasury affect
dag the money market will then have closed for the
fiscal year. The Treasury currency balance last
might was only 500 0O0. 00U-the same as o week
since, showing that the money which went into the
Treasury during the interval in payment for the
two millions OF gold and for revenue found
ats way out again in larger disbursements than
usual 1t Is also significant that the rate Of ex-
change between New Orleans and New York has
advanced to q point when must induce currency
shipments this way from the whole Southern re-
gion, New Orleans as the extreme Southwest bust
ness CITY, being an index for the entire intermediary
country. The highest rate In the earlier hours of
the day and on miscellaneous collaterals was seven
per cent gold, with perhaps some rare exceptions ut
q thirty "nat." From this figure there was
gradual relaxation to six per cent gold and to
seven per cent currency at two O'CLOCK Half hour
before the banks closed borrowers supplied so
uully that balances to Monday were offered at six
and i've per cent This relaxation produced no
relief, however, In the market for commercial paper,
which was without quotable rates. the best names,
sglt edged" being offered at nine to ten per cent
discount. This is all the more curious as the banks
are subjected to the competition Of private capI-
taists, in lending their money call, the recent
activity and high rates having brought good deal
OF money into the street from private sources.
The government market was active and strong, the
demand running largely on the domestic bonds, the
figures OF which are more tempting to private IN
vestors looking for the interest fall due. The
London price for hve-twenties was 8O1@ a 500. The
advance in the currency bonds was the feature OF
the days transactions The following were the clos
ang street prices this afernoonUnited States skies,
1SS1, registered, lle4 III; do. do coupon, 1919
a21H; DO, fve-twenties registered, 1863 NIX;
do. do, coupon, 1862, 1925 1221S; do. DO, cou-
bon, 1864 117A q 1173s; do. do, coupon, 1885,
mlsk llSH; do. do, coupon, 1885, new, 1917
a2o; do. do, coupon 1867, l19T a 100; do.
d. coupon, 1868, 11s7l 100; do, ten-forties,
registered 1os 1os1: do. do. coupon, 1857
lOSN; currency bonds, 1861 10eH.
In the proposals to sell to the government which
aVere opened at noon by sub-Treasurer Van Dyck,
the amount offered was 81 sSooO0; the highest offer
20 sell coupon SIS 1l6.4O and the lowest regis
eered 65s (new lssue) at 1850 The accepted lots
were as 000 registered 1885, at 115 so;
$4,000. registered, 1857 at 1910; $50.000 regis
tered, 1861 at 1878; $4,000, registered, 1867 at
1880 $50 000 coupon, 1857, at 1885; s26 0oo
pom, 1867, at 1896 $4,000. registered, 1852, at
S1571h; $4,000 registered 1857, at 1l5.59N 500 oOO
registered, 1862, at 1850; 100000, registered.
1850, at 1889 $4,000. registered, 1885, at 1856;
800 900. registered, 1885, at S115se 100000, cou-
pon 1868. at 1857; $4,000, registered. 1867 at
1880; $50 OoO registered, 1885, at 1887 sasooO
registered 1867 at 1880; $75 Ooo registered 1885,
at 1885, $4,000 registered 1902 at 1858; $50 O0O
Registered, 1862, at 1854.
y In Southern securities there was rather warm
contest at the first board over the Tennessees the
new bonds being run up to 90 by strong purchases
by new parties well To speculative sales.
Nhcn 1t was known, however, that the Fourth
National Bank, the fiscal agency Of the State Of Ten
hcssee, had received an Official letter from the
Comptroller OF that state to the effect that the July
Interest on the bonds would not be paid when due,
North Carolnas were heavy and lower, while the
Alabamas were weak. The following were the last
prices at the board:-Lousiana, 70; do levee SKIES
bsal; do. eights, S7js; Alabama fves o21s 65; do.
kghts 0s; Tennessee SKIES. ex coupon, 81 4 62%;
no. new, 5sk $50; Virginia skies, ex coupon 5SA
5sK do. new, 90 a 62h; Georgia skies. 81 bid; do.
eevens 81; North Carolina skies, ex coupon, 5ol6
box; do. new, SAX 55; Missouri skies, 9la 92ls;
Missouri and ST. Joseph, 95.
The bids for the city bank stocks were:-New
York, 1913: Mechanics, 1856; Union, 12o: America,
a41 City, 200; Phenx 1909; National, 113; Merchants
Exchange l17h; Seventh Ward, liz; state OF New
York. Il2; Commerce. 12shs; Ocean, 1o7; American
Exchange, 113ss; Bank OF the Republic, 100; Metro
spolitan 1877; Market, 1926; Nassau, 100; Shoe ana
Leather 1917; Continental, lo21s; st. Nicholas 113;
Commonwealth. III; Park, 100; Manufacturers and
merchants. 1Ol; Central National, liz; First Ma
Giona go; Fourth National 100; Ninth National,
40; oriental, $50; Bankers and Brokers' Associa.
zion, 100.
The following are the bank dividends, half yearly,
ehus far announced, for tue list OF July