The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-04-21
FINANCIAL AND CONNER clAL
FRIDAY, April 90 p. N

FRIDAy, April SO p NJ.
Tho excitement on the STOCK Exchange still con-
tinuss there was more real business done to-day
thar any single day since August, 1857 Nor
was this business confined to the speculative stocks
it vas fairly distributed among railway stocks,
State and railway bonds, ana miscellaneous securi
ties-thus indicating that the present advance is
not o. mere brokers' movement, bot rests upon O
solid basis Of actual consumption by the pgblic.
For instance, comparing the salss of this morning
with. the quotations Elk weeks ago, we find that
Erie seconds have advanced in that periods per
cent, thirds 81, and ffths IA per cent; Hudson
River seconds, Q, and thirds So Harlem Srst, 7;
Michigan Centras' &c. IL; Michigan Southern firsts
81 SECONDS, IA, and Stalking Funds, Is Terre Haute
and Alton frsts, Is GAlena seconds, IA Lake
Erie and Wabash frsts, s; Cleveland end Toledo
Sinking Funds, IL !; and 50 on throughout the list
Missouri skies have risen Al per cent Tennessees
which have been freely supplied FROM home, q and
other State stocks have disappeared from the
market altogether. The advance, taken in connsc-
ton with the general activity of the market during
the past month"; indicates an actual consumption of
stock securities far more extensive than has been
generally suspected. 1t shows that the country is
richer than has been supposed, and it foreshadows
in Wall street.
There were heavy sales of Central and other
speculative stocks this morning by parties who have
been buyers at lower prices, and also by the BEARS
who are increasing in number and boldness. About
four thousand shares Of Central supplied early
in the day, and the price, which touched 500, de-
clined to s0t, closing in the afternoon at sOl bid,
against s0s the extreme price Of yesterday after.
/ noon. The bears endeavored to use the statement
that the Canal Board had directed the Attorney
General to commence . suit against the road
for the back tolls, ON the ground Of the un.
constitutionality of the repeating act; but
| it produced very little effect, Erie fell back
one per cent from yesterdays cash price.
There is strong inclination in the street
to use this stock as speculative football, and ope.
rators predictmuch higher prices for it this sum-
mer. The western shares were all very active, es-
pecally Toledo which touched 800, closing 80 bid,
and Galena, which sold at 6l2, closing that bid,
against Gag yesterday. We have seen despatch
from the Toledo stating that the freight business
this (3d) week is very large; they write from Chi
cago that the business of the Galena is increasing.
Rock Island did not vary much. Michigan Southern
advanced g. closing 25i bid against a4 at the close
yesterday. Michigan Central was steaoy. Inere
was no change in Harlem or Hudson River. Read
| ing was fraction better. Panama sdvanced4. Pa
cifie Mail fell back l. Both of these stocks are
| scarce on the street This afternoon the market
was quite excited and stocks closed firm at the fol-
lowing quotations. Virginia 6s, 93l a j Missouri
e's, SAT- q 4; Canton, % /; Cumberland Coal pre-.
| ferred, 143 15; Pacific Mail, l042 /; New York
Central, 800 Q; Erie, lei IL; Hudson River, AZ a
1; Harlem, Isl IA; preferred, 3sl 40; Reading
4s2 a.; Michigan Central, ACT 4; Michigan South
ern and Northern lr.diana, l3j t; do. guaranteed
35t !; Panama ls6 J; Illinois Central, Sol q 81
Galena and Chicago, 64i 65; Cleveland and Toledo
20 Il Ct.icago and Rock Island, 642 q 65.
We Lear of no change in money. The amount o
SHIRT paper which goes at five is increasing, and
long paper is done without difficulty, If the tw'
names are good, at 81 q 6 per cent. On call tn
brokers are offered more money than they can US
! at five. We should have decline below this bu