The New York herald., 1869-06-12
FINANCIAL AND COMMERCIAL.

FINANCIAL AND COMMERCIAL
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FRIDAY June 11-6 P. N.
The Improvement in the stock market noticed at
ie close OF business yesterday was barely sus-
nned al the opening this morning, and prices for
rhie hesitated as If questioning the course OF the
tioney market Later in the day this cautiousness
fore away, particularly for the Vanderbilt Stocks
nd there was a steady and general rise in the rail.
,ay list Of from one t9 nine per cent as compared
gitl the lowest quotations Of the previous day.
Few York Central rose to 19l and Hudson River to
bssx, while Michigan Southern advanced to 1861
he dealings In the last mentioned were quite eau
ous the stock Ia still regarded with considerable
spcio Late in the afternoon one Of the clique lead
RS tried the temper OF the market by few free sales,
Rd There was sudden pause and reaction, In which
kchigan southern went OF to iO5k, the decline
eing fractional in the other stocks affected or sold
lhe money market was not as stringent as yester
lay, 80 extreme rates being the exception. Bor
bwers were out early to make their engagements,
lad the opening rates were one e-eighth and seven
er cent currency and one-eighth "aat." Stories
ere now set aoat that the Secretary Of the Treasury
las in town meditating If not arranging for
llange of his policy so as to increase
lis purchases Of bonds or reduce his sales
gold. At the same time the reports OF the high
ktes on call brought out great deal Of money
rom private hands, from the up town banks and
Iom like sources the rate gradually eased to
Ixteenth to thirtysecond and finally to gold inte
bst, which was the general figure at the close of
bnking hours, although exceptional transactions
box place at the simple seven per cent. After BANK
Ig hours there was short sharp demand in which
bose who had failed to make up their accounts
,~oIIa n tvto fntt
INT, especially as it was now announced that Mr..
outwel had merely passed through the city and had
ade no stay that the SubTreasurer was not in town
nd that the gold sale would take place on Monday
ext as usual. As to the stock market 1t is difficult
fathom the purposes Of the ciques In the present
pward turn OF values. The present reaction may
the beginning Of q new ''bul" movement on the
art of the late "bears." In olden times ''bull'
as always ''bull' and a "hear'' always "bear."
owadays they change their species as readily as a
lameleon its hues. Or 1t may be strategic move
Ient to induce purchases preliminary to another
break" The outside public are again at liberty to
Ike their choice. They certainly Will pay
beir money in either event. The follow
lg were the closing prices on the Call at
Ie last session Of the Stock EXCHANGE
anton, 631a bid; Boston Water Power, 10 16A;
nmberland, SO bid; wels-Fargo Express, S1%
} a 4O4; United States Express, 67A 67>I; Mer-
lants' Union Express lax Is; Quicksilver, Is o
"; Pacific MAIL s41S s4;s; Western Union Tele-
raph, 40% 402<; New York Central 1878 1871;
ariposa. So 10; do. preferred, II; HUDSON River,
b711 1853; Harlem, 144a 14s; Reading 9S q 9S1S;
Dton and Terre Haute 80; do. preferred, SIX 81;
Oledo and Wabash, 70 bid; do. preferred, so SO;
Milwaukee and st. Paul, 751a 75sl; do. preferred,
| b; Delaware, Lackawanna and western, 116 1171k
hio and Mississippi, S2a4 Ss; Fort Wayne, 156a4
157; Michigan Central, 1872 a 1s2x; Michigan
outhern, 1868 a 1O51.; Illinois Central, 14S 1431
leveland and Pittsburg, OK; Columbus, Chicago
Id Indiana Central, Al bid; Rock Island, 1906
orthwestern, ss9< sszs; do preferred, o9zs lOO
ew Jersey Central, 11a a 11s,6; Chicago and Alton,
,6k a 1551a; do preferred 156 1853; Hannibal and
Joseph, 122; do. preferred, 1904 bid.
The highest point Of the day was just previous to
le adjournment Of the Long Room. In this move
lent Northwestern common advanced to 9O1S and
ie preferred to 1OlH. There was a faint reaction
the closing street prices, list OF which is ap-
ended to the record Of stock sales.
The Comptroller Of the Currency has issued cir
ar stating that, II being apparent that the require
ents OF the law relating to the publication Of the
ports of national banks as made to the Comptroller
the Currency are not fully understood, the follow
u instructions to banks are published, viz.:-Banks
re required to publish their reports as soon as pos
BILE alter they are made to the Comptroller and
hch publication must be an exact copy OF the origi-
al report, emitting only schedules, classifcations
loans and discounts, the affidavit of the cashier
president, attestation of the directors, ana such
the printed items Of resources and liabilities as
emain blank In the report furnished to the Comp
oer.
The market for government bonds was inclined to
noyancy at the opening In consequence OF the I'M
roved feeling In consos and fvetwenties at Lon
on and that the trouble IN Paris was trfning
character after all; but weaker holders were un-
Filling to pay the high rates for carrying, while
brger spectators preferred realizing and lending
heir money on call. The result was yielding OF
bout one-quarter per cent as compared with the
osing prices OF yesterday. The struggle against
10 decline was aided by reports that Secretary
outwe was in town and contemplated buying an
dditional million of bonds weekly. The following
Fere the closing prices on the street this evening"
nited States sxes 1881, registered, 11o16 o III;
o., coupon, l2l 1214; do, 1ve-twenties, regis
bred, 1l6H O III; do. do, coupon, 1852, 122
1221<; do. do, coupon, 1854, III HIS; do do,
oupon, 1895, 1855 1ls76; do. do, coupon, 1866,
ew, 119aS 11ots; do. do. coupon, 1867 11ok a
h9,S; do. do coupon, 1868, ll94 1ls1s; do, ten
brties registered, 1074 1879; do. do, coupon,
bsx a l0s1; currency bonds, 1868 1061l.
Foreign exchange was nrmer and advanced owing
tho scarcity OF bond and commercial bills ana
he limited supply OF bankers The absence OF the
primer Is attributable TO the lower price In London
f American products ana securities while the for
Ign houses are cautious about drawing In the
resent state OF the market II IL also said that the
cheme of the gold "bulls'' embraces the purchase
bankers bills which proceeding Is certainly a
cry shrewd way OF Affecting the market Foreign
xchange Is q lever which can be advantage
usy used in such circumstances, as only q
mall advance In 1t Is requisite to occasion
large advance in gold. The range OF
atcs was as Notwithstanding sixty days,