The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-05-08
FINANCIAL AND COMMERCIAL,

SATURDAY, May 7-6P Pm
Tie steamers Ariel and City Of Washington left this
port toe ay for Europe; the former with $3.50 723 ths
latter with $3.50 9I5 In specie freight, making ship
ment of the day altogether 1887 e3s Exchange Ed
rope closed firm but inactive 1oA q for sterling
and $40 s q for francs. Money is easy ever.
There fair amount Of business done at the Stock
Exchange to day. As general rule tocks lover
the morning session. the chief exception to the rule being
Pacific Mail which opeued at advance OF per cen.
yesterday price, advanced per oent at the first
board, and closed in the afternoon at s5k 4. II
generally understood in the street that the company
had underbd Vanderbilt for the mail contract and OBJ
tanned II. Tuesday will be dividend day, and IT, as ia
understood the company have enough cash hand to
enable them TO divide per cent and leave them fair
surplus to meet contingencies this fact will suffice to
account for the rse in the stock 1t noticeable, how
ever that the difference paid today for sellers options
was quite small, indication Of confidence somewhere
in the permanent value Of the property New York Cen
trail rather steady today though sharply assaled by
the bears opened at II u cash, fell of 10 II for time
sales and cloeed in the afternoon at Tx bid The West
ern stocks all q shade lower. Rock Island was
freely supplied by the bulls, who evidently not anx
ious to the street; the price declined per cent
The heaviest decline Of the day, however, In Mch
gan Central which touched 45T closing in the afternoon
at 40. The decline 10 parity due 70 the panic and
partly to the cline in the receipts Of the road Mch
gan Southern, preferred and Old stock, lower. Ga
lena fell to 63 closing in the afternoon at 63 All thes
stocks freely sold by the bears who look for long
and heavy decline in prices throughout to, summer
Harlem fell of a a per cent. Bank stocks were
very firm Eissouris shade lower; but the
new government loan advanced a II s becom
ing very scarce, although the European demand
which cannot fail 10 arise 10 the event OF
OF war has not yet begun 70 be felt After the bo,rd
the market was steacy the chief nefest Concentrating
Pacific Mail In the afternoon, busineee done was
moderate, and prices fully maintained Tae nsrke,
olofed steady the following being the ,a;, pricesis
souris sess q; virginias, OK 81 Canton lsN 10:
Cumberland preferred, 1911 20, New Ynk Central 7lka
Erie, 7sl s; Harlem, 1lsa x; Harlem preferred IS
q; HUDSON River, 80 y; Reading, 5ol4 a u; Mchyan
Central, 46 IL Michigan Southern, 10 4; Mchga.
Southern Preferred 3i,< %; Pana IA, 1224 " III.
nois Central CO u; Gaiena and Chicago SO AZ Ceve
lard ard Toledo, 25A n Chisago and Rock Island, SOY
81; limos Cettral honds, 81 a; PEihc Mai.
50 y.
The business at the Sub Treasury 70 day was as fol-
loCs.-
i"S' feCeis.'. Sl39,SZo %
ouseoLls. s'........ 10000 O.
tayHenh.''... l9V ODb 60
A''' eaabee.... o9Sl ,9lo 23
The amount Of Treasury resolved for duties dur
Ing the week has been IS 173.
The exchanges At the Bank Clearing House to day we're
$50, le3,soS u, aud the balances 81 Asst, ois IS.
me following table will compare the exporis or the gsye9
PRINCIPAL staple articles for the week.