The New York herald., 1869-06-15
FINANCIAL AND CONNER GAL.
MONDAY, June 14-eP. NJ.

MONDAY, June 4--6 =. M.
Wall street was dun today, the incement
weather in the early hours of business serving TO
check the animation of the street. 1t was not un-
iii late the afternoon that the stock market woke
into act iyity and then it IN answer to a move
ment on the part OF the "bears' to inaugurate
another drop" in prices The money market was
irregular and itfu and very differently reported and
characterized in different quarters The extreme
rates both ways were seven per cent currency on
tne one hand and a sixteenth per cent on the other
Commercial paper was nat at IA TO 9 per cent dis
count for prime double name acceptances. A Wash
fngton special gives the following totals OF the
and currency in the United States Treasury
The currency balance has run up to... $27 600 600
Ihe com Oalance lS................. lS So 000, 600
CetnhCates'' 10000 oOo
Total balance coin and currency .... 1874 500, 600
1t will be observed that Secretary Boutwell, has
now the sum of swenty-seven millions currency
Withdrawn from circulation. The fact goes to ex-
pain the activity in money at this point so singular
nj this season OF the year. The sringency has been
attributed TO the artificial influences OF bear'
chques; but the Clearing House returns for week
TWO past show no locking up of greenbacks even If
The banks were willing to infringe the law. IL is diff
hcut TO conceive that money has not been artfcaly
tightened. The genius which some OF our stock ope-
rators show would suggest way and means Of doing
30 WHICH WOuIu De InVlSlOle 70 the general PUBLIC
An impression that Mr.. Boutwell, cannot long MAIN
tam his present position, led to q better feeling in
the market for government bonds which moved
counter to the general direction of stocks and gold
There Is no wish to force him into buying an addi-
tonal million OF bonds. 1t is simply suggested that
he may DO so with hls present currency balance,
and that he need not be held 10 the purchase of
two millions week as steady policy The only
alternative is the cessation OF one OF his weekly gold
sales step which would throw the market again
into the hands OF the gamblers. The foreign quota
tion became better, opening sos and closing sos
Lon1on. The foreign bankers were large buyers,
and the market advanced about half per cent upon
the quotations OF Saturday last, overcoming in SO
dong the effects OF the lower price Of gold. The fol-
lowing the final street guotations:-United
States skies, 1881, registered, ll64 H. do,
do, coupon, l2ls4 100; do fve-twenties, regis
tered, 1162S a III; do. do, coupon, 1862 122&
l22A; do. do coupon, 1884, l174s 1l7zs; do. do,
coupon, 1855, 1le 1l96; do do, coupon, 1865,
new, 1l9H a 100; do. do, coupon. 1857, 119s1
11e2s; do. do, coupon 1868, ll9s. 119I; do ten
1orties, registered. 1915 1918; do do, coupon,
1os3s 10s94; currency bonds, 1867 1O7.
The gold market was quite steady during the ses.
sion OF the board, the range being 139 139%, but
declined later IN the day consequence OF the I'M
proved quotations for fve-lwenties in London as
well as through feeling that Secretary Boutwell, in
solving the question Of easing the money market,
must purchase bonds instead Of foregoing portion
OF his gold sales The price fell to 1881 late in the
afternoon, but the transactions at this figure were
very limited The course of the market was as fol