The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-06-22
The following table shows the opening, highest
and lowest prices of the day.

CLOSING rKiCEs-THREE O'CLOCK P. NJ, SATURDAY.
Western Union Telegraph, 7o% 701s; Pacific Mail,
Ak 41N; New York Central and Hudson River
Railroad. 97k OK: Erie, 2e,S 26k; Harlem
1881 1917; Delaware, Lackawanna and Western,
10TH 1o7k; Lake Shore, SO a 69h; Union Pacific,
211a 24H; P1ttsburg, S61 s7M; Chicago and
Northwestern, 377s 37,s do preferred SAX 55k;
New Jersey Central, 1861 1ooA; Chicago and
Rock Island, s3a< %; Milwaukee and st. Paul,
3314 33h; do. preferred, "a a SAY; Toledo and
WABASH, 3OA q 3oh; OHIO and Mississippi, 22x
22%; Hannibal and st. Joseph, 24h a rs; do pre-
ferred, 291s q 81; c., @. and /. c., 16 16h.
THE FOREIGN MARKET.
The gain of bullion by the bank OF England dur.
Ing the week was eco 900, and the Bank reduced
its rate or discount to 2h per cent, fact which
shows superabundance OF idle capital, and q
stagnant condition OF affairs such as exists In our
own country. United States Securities have con.
sequently shown an average greater strength and
steadiness on the London Bourse. and promise to
be more sought alter than heretofore by investors
Money Is said to be looking for employment, and
several loans are now In process OF negotiation,
with more or less prospects OF success. 1t is to be
borne in mind that this gain to the English capital
is at our own expense the accretion being largely
due to the shipments of gold made from this port.
STATE AND RAILROAD BONDS.
1t is gratifying to observe that the interest on
Louisiana bonds up to the 1st OF January is now
being paid in New Orleans, and the interest on the
new funded bonds sixty per cent of the face value
OF the Old bonds will, 1t is said, be paid in july
Tennessee is also paying her July interest at Nash
vile. South Carolina still continues In bad way
and while so dishonesty governed is not likely to
improve. North Carolina has Just won q suit
brought in the United States Circuit Court Of that
State against the State Treasurer to compel him
to retain money to pay interest on the special tax
bonds. The trade IN railroad bonds was chiefly
confined to those OF the older Sort for while they
have more or less suffered from the depressing In.
nuences or the general market they are still re-
garded among the choicest and safest securities
now offered.
GOVERNMENT BONDS.
The business In this department was fairly active
during the past week. and prices at the close were
nrmer and higher than on the preceding Saturday.
The Secretary OF the Treasury issued another call
for fvetwenty bonds OF 1852 on which the interest
will cease September s, 1874, If not presented for
payment. or the amount outstanding, 5000, 900 are
coupon bonds and 100000 are registered bonds.
MONEY.
In the money market no change occurred which
is worthy OF note Loans on call were made at Q
and per cent, the amount offered being greatly
in excess Of the demand. Prime mercantile paper
found market at the low rates OF AZ o 54 per cent
With the July disbursements on interest and
dividend account we shall have added to
the already large amount Of idle capital about
s6o,ooo,ooo. much OF this sum has doubtless been
loaned, and Will ind Its way to different portions
Of the country wherein reside the investors. In