The New York herald., 1874-06-15
rs pc. reser s2leos575 $1so23 $50 Dec. So $50 lzs
WHAT NEyTY

rs pc. reser $2 6oS575 $1s,O23,45O Dec. l25
WHAT NEXT?
Under the above query, which may be appropri-
ately made in our own country one OF the London
journals OF finance describes the situation OF
affairs In England
What nexta We now have all the gold we
got our rate of interest down again; we are
sure OF good harvests from abroad. ana have
more than expectations Of an excellent harvest at
home; our ''strlkes' are ending, and our .lock-
Outs' are coming to mead; our banks are full OF
money, some OF the money we thought quite
lost Is coming back in dividends from s'miscela.
neous." We are at peace with all the world, and
New ways and new sources and new channels for
trade are opening in every direction. We have
done with domestic disturbance. and shut up all
reforms but those OF lawyers, which, thank heaven,
are suicidal; we have peace in Parliament, plenty
IN our Excnequer, sugar untaxed, and freedom to
ride our hobbies untaxed; and, lastly, we have a
WHAT is TO FOLLOW?
what Is to be the grand card OF the season
What Will the public and the Stock Exchange run
upon THIS summerY Will 1t be the Russians? We
kpyptlans, they are all disconnted nor Turks
they are shut up; nor foregners-nO! not even if
they were spanish, or even Greeks although there
has been strong rustic among them lately. 1t
wont be South Americans. 1t wont be American
railroads: see what they are doing now, raising
money to pay their overdue bonds under ne names.
1t may be American government stocks but the
people there want them all for themselves and
there WIN be nothing to be got out OF them more
WILL 1T BE INDIANS9
We are inclined to think not. English railways?
They will be quiet until Parliament sets people
travelling. Goals? No, the public have burned
their fingers. Tramwayss Certainly not; people
don't understand them yet Besides, they have
been egregOusly overvalued, and are sat upon,
moreover by engineer and road maker and con-
tractors, else they would supply the double lines
wanted to earn the railway traffic. especially now
that steam IS about to be applied to them. Will
iron again tempt the shareholders Alas! no that
time is gone by. The men struck while the same
was hO., and the spectators cooled in conse-
quence. What next, then? We can only wait and
see.
THE MONEY MARKET
Is without change. Borrowers ON call have been
1iberay supplied during the week at two and
three per cent, and prime commercial paper was
discounted at from four and half to per cent.
The Idle capital seeking temporary investment,
while 1t awaits the settlement of financial ques-
tions, is unusually large. and will pe still larger
IN the course OF a few weeks, when the July dis.
bursements are made The tlmidity OF capital was
never better Illustrated than by the existing con-
dition-bank vaults full OF money; speculation
dull, and prices down. 1t is unnatural and un-
healthy.
THE GOLD MARKET.
In the early part of the week gold was heavy and
lower. Afterwards it became frmer, but at the
close was again dull. AS will be seen by the fol-
lowing table, the changes were comparatively
slight, the extremes Of the week Deing ILL.,
1IOk.