Senate Peace Proposals Rejected Amid Insurrection Debate
Washington June 9 The Senate refused to receive Mr Davis peace resolutions while debating a bill to collect captured property from insurrectionary states. Mr Chandler reported a telegraphic communication bill between the East and West. Mr Collamer's draft amendment passed but the main bill was not acted on. Trust sessions adjourned after other measures. a railroad bill for New York to Washington was discussed and a Bankruptcy bill briefly entertained before adjournment. The House approved a joint resolution aiding Wood brothers bonds lost on the Golden Gate wreck and adjourned.
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Market Notes on Loans Rates and Securities
On Thursday June 9 the first class loan rates range five to six percent with most deals at the high rate. Money demand is light and indebtedness appears low. Treasury needs are large though currency circulates. foreign buyers may absorb part of a new loan. Foreign offers noted include a $25 million bid from English and German bankers. Gold closes at 197 and London sixty day bills at 109.5 for gold and 216 for currency. Market closes show assorted Bank of Commerce to Worcester holdings with varied prices. mining stocks ease. Public securities and railroad stocks drive demand.
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