United States Securities were very firm and active throughout the month. The low rate of money has caused a steady home demand for investment; while the extreme ease in the London money market has encouraged a partial movement for shipment. The price of Five-twenties at London has varied but little, and as gold has risen over two points, bonds on this side have correspondingly advanced. Toward the close of the month the advance in prices appeared to have increased the number of sellers, and prices fell off from the previous high figures. The amount of Government bonds and notes, State and city bonds, and company bouds, sold at the New York Stock Exchange Board in the two first quar ters and the first half of the current year, in the month of July and since Janu. ary 1, is given in the statement which follows: The great increase in the sale of bonds has taken place since the establishment of the Government Department of the Stock Exchange Board of Brokers. The daily closing prices of the principal government securities are shown in the following statement : PRICES OF GOVERNMENT SECURITIES AT NEW YORK, JULY, 1867. The quotations for three years compound interest notes on each Thursday of the month have been as shown in the following statement: PRICES OF COMPOUND INTEREST NOTES AT NEW YORK, JULY, 1867. 117%@118 118%@119% 119 @119 119 @119 119% @119% 118% @118% 117% @117% Issue of July, 1864.. August, 1865. September,"65 October, 1865... 116% @117% 115% @116% .117 @117 117% 117% 117%@117% 117%@117% The first series of figures represents the buying and the last the selling price, at first class brokers' offices. The following are the closing quotations at the regular board on Friday of each of the last seven weeks. June 14. June 21. June 28. July 5. July 12. July 19. July 26 Cumberland Coal. 3034 334 40% 382 38% Quicksilver 81% 32 83444 34% Canton Co... 524 Mariposa pref. 21% 24% New York Central.. 101% 102% Erie 60% 5934 66% 68% 70% Hudson River 108% 109% 110 Reading.. 106 104 107 Michigan Southern 684 Michigan Central.. 113 x.d107 110% Cleveland and Pittsburg. 84% 8612 914 Cleveland and Toledo.. 118 120%2 120 1214 119 Northwestern 34% 35% 59% 59 65% 6712 68 70% 72 Rock Island 89% 90% 954 Fort Wayne 974 98 103 Illinois Central 122 119 The closing prices of Consols and certain American securities (viz. U. S. 6's 1862, Illinois Central and Erie shares and Atlantic and Great Western consolidated bonds) at London, on each day of the month of July, are shown in the following statement: COURSE OF CONSOLS AND AMERICAN SECURITIES AT LONDON-JULY, 1867. Cons] American securities 94% 72% 79% 444 Tues 9. 94% 78% 79% 43% Sunday.28. Wedne.10 94% 73% 80% 44% Monday 29. Thurs..11. 94% 73% 80% 454 Tues...30. Friday..12. 94% 73% 80% 45%1⁄2 Wed...81. 94 72 77 48% 22 Sat'day.13.. 944 734 80% 45% 24 Sunday.14.. Monday15.. Tues...16. Wedne.17.. Thurs..18. 94% 73% 80% 46% 22% Hi Ra Friday..19 The lowest and highest quotations for U. S. 6's (5-20 years) of 1862 at Frankfort in the weeks ending Thursday have been as follows: July 4. July 11. 77X@7X July 18. 77%@77% July 25. 76%@77% Aug. 1. 76%@76% The import and export of coin and bullion at the port of New York in the two first quarters and the first half of the current year, and in the month of July, and the total since January 1, have been as shown in the following statement: IMPORT AND EXPORT OF COIN AND BULLION. The following statement shows the amount of receipts and exports in July and since January 1, for the last seven years: The course of the gold premium has been steadily upward, the price having advanced from 138 to 140g. The remittances of specie for the settlement of bankers' credits and on account of Erie and Illinois Central stock returned, as well as for United States coupons due July 1st, have been quite considerable, the total exports from New York for the month being $14,301,702. The exports and receipts from customs duties together amount to $24,096,106; while the receipts from California, from abroad, and from the payment of coin interest aggregate $14,032,901. It thus appears that the withdrawals from the market for the month exceed the receipts by $10,063,205; yet, at the close of the month, the amount of specie in the banks was $969,098 more than at the beginning; showing that $11,032,303 of gold was drawn from outside sources, a large proportion having doubtless been drawn from Washington, Philadelphia and Boston, being the proceeds of July coupons paid in those cities. From the statement below it will be seen that the withdrawals for the first seven months of the year exceed the supply from California and interest disbursements by $47,370,818. This large deficiency has been made up chiefly from sales by the Treasury, overland receipts from the mines, and coupon disbursements by the Treasury at other cities forwarded here for sale. The following formula shows the details of the movement in the first two quarters and first half of the current year and in July, with the total movement since Jan. 1: The statement which follows shows the daily fluctuations in the price of American gold coin, as quoted at the Gold Room during the month of July : Foreign exchanges have ruled firm at the specie shipping point throughout the month. The supply of commercial bills has been very light; a moderate amount of acceptances has been drawn against shipments of Five-twenties; but there has been a large deficiency, which has had to be made up by the shipment of specie. After midsummer the foreign bankers usually settle their European credits; but, although the remittances for that purpose have been large, an impression prevails that, owing to the very low rates of interest at London, a considerable amount of balances has been allowed to remain unsettled. The following table shows the course of foreign exchange daily for the month; COURSE OF FOREIGN EXCHANGE (60 DAYS)-AT NEW YORK. London. cents for 54 pence. Paris. Amsterdam. Bremen. centimes cents for cents for for dollar. florin. rix daler. Hamburg. Berlin. cents for thaler. 78%@78% 36 @36% 72 @72% 109% @110% 517%@513% 40% @414 784@78% 36 @36% 72 @72% 109%@110% 5160513% 40% 41% 78 @78% 36 @36% 71%@72% (Independence Day.-National Holiday.) 109%4@110% 517 @513% 40%@41 110 @110% 5134@512% 41%@41% 79 @79% 36%@36% 724@72% 110 @110% 513%@512% 41%@41% 79 @79% 110%@110% 512@511% 41%@41% 79 @79% 36%@36% 721⁄4@72% 26% @36% 86% @36% 72% 72% 724@72% 71%@72 72%@72% 714@72 36%@36× 72%@72% 36%@36% 72% 72% 36% @36% 724@72 % 36% @36%% 71%% @721⁄4 36% @36% 72 @72% 36 @36% 71X@72% 36%@36% 721⁄4@724 36% 6% 724@72% 36%@36% 724@724 36% @36% 724@72% 36% @36% 724@72% 36%@36% 72%@72% 109%@110 515 @512% 41%@41% 79 @79% 36%@36% 724@72% 110 @110% 5134@512% 41% @41% 79 @79% 36%@36% 723@7236 110 @110% 513%@512% 41% 41% 79 @79% 36%@36% 72X@72% Days July. June. May.. Apr Mar.... Jan.......... ..... London. Paris. Amsterdam. Bremen. Hamburg. Since Jan. 1...... 108 @110% 525 @510 Berlin, 78 @79% 36 @36% 71%@72% 78% @79% 36 @36% 72 @72% 40%@41% 78%@80 36 @36% 71% @72% 40% @41% 78% @79% 35%% @36% 71% @72% 40%@41 78 @79% 35%% @36% 71@72% 40%@41% 78% 79% 36 @36% 71%@72% 41%@41% 78% @79% 36%@36% 72 @72% 40%@41% 78 @80 35%%@36% 71%@72% JOURNAL OF BANKING, CURRENCY, AND FINANCE. Quarterly Report of the New York City National Banks-Quarterly Report of the Nationa Banks of Boston and Philadelphia-Monthly Range of sales of Bank Stocks-New York, Philadelphia and Boston Bank Returns. The Comptroller of the Currency, Mr. Hulburd, has prepared with unusual promptitude the following abstract of quarterly reports of the National banking associations of the cities of New York, Philadelphia and Boston, showing their condition on the morning of the first Monday in July, 1867, before the commencement of business on that day. We add for comparison previous returns issued this year: QUARTERLY REPORTS OF THE NEW YORK CITY NATIONAL BANKS. |