The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-06-26
FINANCIAL and COMMERCIAL.
The Government and Other Dis
burSements.
A Large Sum To Be Paid in New York
During the Next Month.
Gold Being Shipped to
Europe.
THE PRICE STEADY.
MONEY ABU N d AN II.
Slight Improvement in the
Stock Market.
TIL L WHEAT CROP.
The PRICE STEADY.
MONEY ALB u N Dan II.
THE WIFE, AT CROP
WALL STREET,
WEDNESDAY. June 2h-6 z. MI.

|
WEDNESDAY June 25-6 Pm.
On 'Change to-day cotton was quiet, and while
s'spotn ruled steady futures were &c. per pound
higher. Flour was in better demand and 1rmer.
Wheat was steady and corn active and frmer.
The unusual amount OF public payments to be
made in behalf OF corporations the 1st and the
succeeding days OF July by the bankers OF New
York, TO say nothing OF the disbursements or the
general government, n Sell calculated to invite
comment. The sum tqsal n not an exhibit Of ex
traordinary prosperity nevertheless shows the
immense power OF our home capital in its
reach, in its influence and in the general
augmentation OF values. The figures tell
OF growth everywhere; OF an increase in
population; OF towns started and cities enlarged
OF lands enhanced in value, property improving
and railroad companies becoming rich from natural
causes; OF manufacturing interests that have been
successful, and thousand and one enterprises
which have enabled the poor poverty-stricken sons
OF Adam to save their little per diem and now call
for interest upon over two hundred millions OF
dollars as the result OF their savings in this and
our adjoining county OF Kings. The payments this
year win be larger than ever before. That which
the government will disburse is payable mainly to
foreign bondhoders, and OF course, will 60 abroad.
The sum for European use is estimated at between
fifteen and twenty millions OF dollars, while
that which is due at home account OF railway
bonds may be estimated roughly at between forty
and fifty millions OF dollars To this is to be added
the dividends on the New York city bank capital
30 that altogether it may be safely estimated that
from seventy to eighty millions OF dollars will be
dlsbursed in this metropolis alone during the COM
Ing month.
THE FOREIGN MARKET.
American securities and consols were weaker
at the close Of the market, according to London ad-
wees than at the opening. The rate Of discount on
3months bills in open market was 4 per cent
below that Of the Bank Of England. The following
were the prices at p. NJ. :-Consols for money 92I
927.; for account 92's on; fve-twenty bonds
Of 1867 at 9214 925S; ten-forty bonds at Ss.l
Rs9; new fves at S9As a S9sl, and Erie
shares at 49i4, 491sa 49ss. The new French loan
was quoted at Ga 81 per cent premnm. In
Paris the rumor OF the resignation OF the Munster
Of Finance had the effect OF nattenng rentes, and
they closed at $3.50. In Frankfort dve-twentes OF
1852 are quoted at 96h.
THE MONEY MARKET.
Money was easy at a per cent on call, with
out change In the situation previously described.
Foreign exchange continues steady, the transac-
tons being light. Prime bankers 60 day bills CON-
mand 1895 and 1lOi4 for sight but actual business
was done as fraction on. The following are the
official quotations -