The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-05-26
FINANCIAL AND CONNER GAL.


WEDNESDAY, Nay 2b-6P H.
The actual shipment Of gold by the Persia which sailed
10 day for liverpool was $soo7 $50 81, the largest
ever sent by any single Exchange was dun and
Inactive at the close, without change Of rates. % Sstnr
day three s,eamers-5e Afsgo, weser and Vigo--sail
hence for Europe 1t is impossible to say how much gold
they may take much depends on the tenor OF the avces
per ASIA due at this port ana also upon the exchange
market tomorrow and on Friday. common estimate at
present ~ from a million to q million and half which
may however, be largely short as largely in excess OF
the actual amount sent During the corresponding week
lnt year shipped 900, and IN losr, ss,-aAni
Tomorrow tho California steamer will DO due with two
millions, and money coming in freely from the South,
from Philadelphia and other parts of the interior As the
Indebtedness of the country this year has been mainly in
Cured for the Southern people, who have been the chief
purchasers Of imported goods and they abundany
able pay the present specie shipments need create
alarm. There are several millions Of gold still in the
Southern country which could not be better employed just
than in passing TO the credit Of the United States in
Europe
is understood that the government Is today negotat
ing of the Treasury notes. They readily
taken by individuals and financial institutions at five per
cent Some eight ten millions of tue old Issue
due but remain in the hands Of the pubc thus far there
IS no appearance Of any desire the part OF the holders
Il
Az notes win probrbly be exchanged without delay for
the ssue The fact that banks, savings banks aud
individuals willing take the issue freely a. ave
per cent speas volumes with regard the OF the
money market The for call loans to-day is five per
cents some of the banks ask Six but il liz not easy
place large sum 4 Eve In the discount market
there has been street furry but at the old discount
houses the complaint is still of the war, of paper
not Of the want VI money The rate for first class
dofsed paper, four 10 mouths run per cent
second class eight to nne very choice short acceptancss
five TO SIX. Several OF the banks are wisely pursuing
cautious policy, and some Capitalists have Withdrawn
their means from the market IN order 20 be prepared for
lccisens The prospect is, that unforeseen casualty
should occur they will glad enough lend, by aud by
1t SIX or seven per cent.
The stock market was firm this morning without nc
vity. There fair demand for State stocks ana the
lev lots which came on the market were taken up az
prices rather higher than yesterdays The business la
bonds was small; prices were unchanged. Among the
railroad stocks the most active Rock Island which
sgan worked in favor OF tie bears The opening price
was 6i3 decline Of u since yesterday; the stock after
ward fell to 60 cash, and 5e sellers option In the sf
ternoon sold at g. ana closed at COS bid Other West
ern stocks steady without material change OF price
Galepa rather stronger The Michigan shares did not
vary from yesterday price, Michigan Centrais ny very
u1l! TINS uont, tne Micngan southern appears 90 b.
carry ing OF the best part Of it's busness For the first
two weeks OF May, the Central s SIS oc0 behind last
year, the Southern for the first three weeks only SIS 600
New York Central was quiet aud steady. The prizes
opened ct about 70 TO 7 sold in the afternoon at
721z, and ciosed at 1925 bid. Pacific Mail vas higher t.
day. The price touched "a in The morning. and closed At
10 bid The coal stocks steady The general fea,ure
Of the stock market is inactivity, which DISTURBED oay
by tbe movements or few active jobbers who are sell
ing everything in anticipation Of ne collapse more dis
sslrous than that Of 1857 conspicuous bear operator
"hose success has been rather marked OF late sold Yir
gtias this morning at two per cent below cash price
ihsfaotw will convey idea of condition Of the Soc
Exchsf and Of the basis upon which the leading os
beis of the day are acting In the afternoon stocks we're
better and the market closed better feeling al tb,
following price, -dissolris, s51 "a virginls 81 al
Canton, lSA 10; Cumberland preferred, Tx a ~
New York Central, 1928 ~; Erie, 7ka q; Harlem
loh II; Hudson, 81 q ~ Reading, AZ s3; Michigan
Central, AZ O u; Michigan Southern, OK *; do
preferred, 80 =; Panama, I1sA ll9; Illinois Centra
53 Il; Galena, 63% "a; Toledo, 27M q IS Rocs
sane wa Oh Illinois Central bonus, 7S11 70; Pa
cihc Mail company, IS a u.
follows today
Total receipts. ....,.,,,,....... $50 mo II
usoius..'''...... .'.............. 16S,oOp co
io,si lAy mehts. Observation-Disclosures. 1899 OF
b,lt5,l2l II
The exchanges at the Bank Clearing Holae this naorniug
were 81 ,iSl All, and the balances 81 4l,s45.
Among the passengers by the Persia We notice NJ
Behrend, the senior partner OF Behren Co. deal.
eIs in bullion.