The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-06-29
Active Inquiry for the Rail-
road Bonds.
The Stock Market Dull and the
Movement Irregular.
A NEW CONUNDRUM IN ERIE.
Must the Voters at the Election Produce Certi-
ficates Transferred to Their Own Name?
WHAT THE LAW SAYS AND IMPLIES.
WALL STREET,

WALL STREET, |
FRIDAY, June 2S-6 z. M.
On 'Change to-day wheat was heavy and -four
weak and lower. The cotton market was
changed but hardly so steady.
MONEY FOUR PER CENT.
The money market was rather firmer and bor-
rowers paid per cent all around, and in few
instances upon stock colateras per cent. The
bank statement tomorrow Is already canvassed,
and will be, 1t Is thought, unfavorable, a conse-
quence Of tile increasing specie shipments although
the full effect OF this influence win not tell upon the
averages of the current week. The retention of
money for the payment of
THE JULY INTEREST
the next week or ten days may possibly have the
effect OF slightly hardening rates during that
period.
Prime paper was quoted q per cent discount.
Foreign exchange was steady and quiet. Sixty
day sterling bills firmly held at 10, but sight
bills were to be had at 11Oh
ADVANCE IN GOVERNMENTS.
The chief feature OF the markets in Wall street
was the sharp advance In government bonds, the
prices of which advanced u a q per cent the most
remarkable improvement being In the '67s which
left Off at 11st4 1885, the highest point Of the
season. The rise in these securities is due to the
sudden demand for them a safe vehicle for the
reinvestment OF
THE JULY INTEREST
and dividends now coming and to come
upon the market the class of persons
who receive such interest and dividends
being the last to buy Notwithstanding
stocks, or even stocks which are subject to wide
sudden ructuation. Hence the explanation OF
the Indifference of the railway and miscellaneous
shares to the large outcome OF money at the pres
ent season. The settlement at Geneva OF the indi-
rect claims has had beneficial effect upon United
States
BONDS IN LONDON,
prices there showing an improvement of u d per
cent. The market here closed strong as follows =
United States currency skies, 1145s lis; do. do,
1881, registered, us 1151S; do. do coupon, 100
1904; do. fvetwenties, registered, May and No
vember, 1143s 114H; do. do, 1852, coupon, do,
1143S 114h; do. do, 1864 coupon, do, 114's
Hay; do. do, 1865, coupon, d. 1l51S 1853; do.
do, 1867, registered, January and July, 1884; do.
do, 1855, coupon, do, 1174 117A; do. do, 1867,
coupon, do. 1854 1881; do. do, 1868, coupon,
do. 117A rs; do. ten.fortes registered. 1l114
111H; do. do coupon, 1l2 l12h; do. nves OF 1881,
registered, 1884, 113H; do. do, coupon, 1884,
113H.
GOLD FIRM-113% 113%.
The gold market was firm the resumption OF
specie shipments exports OF coin being necessated
by the domestic prices OF government and other
securities, which are too high to send abroad until
the quotations on the other side advance to point
which will allow Of profit on the expectation OF
bonds The gold pool seems to be doing nothing just
at present, although some persons surmsed that
they were helping the advance in government bonds
with view to prevent them going to Europe. The
point OF the market seems to be, however, the tenn
porary cessation OF foreign demand for our secu-
rifles such as would make exchange for the Ship
ment OF the
JULY INTEREST.
As 1t is, this interest is likely to go abroad largely
In the coin itself, If we may believe such indica
tions furnished to-day in the fact that the en-
gagements OF specie for export tomorrow (satur-
day. already amount to s., 100000. The Sub-Treas
ury paid out s1,270, 600 account OF interest and
s5l, 900 on account OF redeemed fve-twenties. The
course of the market is shown in the tablet
THE FLUCTUATIONS IN GOLD.