The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-05-04
FINANCIAL AND COMMERCIAL.

THURSDAY, May SIS p. NJ
Money continues easy as ever. Some lenders
pretend that rates are hardening and that the sup
ply Is falling of; but we can lind no trace Of any
change in prices. We quote, a. before, call loans
5 per cent; short first class paper 81; 4a6
months, double names, strictly prime, 81 q 9; Sc
cond class 10, &C. The advices from Europe are
very favorable in regard 70 money. breadstufs and
confidence; but the heavy amount Of cotton at Liv.
erpool, and the quick inquir, for money which y
part results herefrom, lead to sonis apprehensons
OF heavy fall in the staple. A few specie ship
ments from this side will assist the holders 81 cot
ton materially. The movement Of the Sub Treasury
has become unimportant; the receipts today we're
sec, l36, OF which t46 900 were from customs: the
payments, ISL ,276; the balance this evening.
t7,9l2,6s7
Foreign exchange IL quiet at the closing rates on
Tuesday. The leading bankers are not anxious 10
draw, finding 1t difficult to buy either bills or
bullion to remit against drafts and their asking
rate is lo9i for 60 day bills. One or two houses,
however, offer sight bills at llol, which is lower
than the 60 day bills; these will. Of course. be
covered by gold. The rates for francs are az
before-5lli for abort sight, and 5l3i for co dsy
bills. The Vanderbilt and City Of Baltimore viii
take out a heavy shipment Of specie, probably over
q million, and the Cunard steamer direct from this
port on Wednesday next win also take out fair
amount
Stocks exhibited fair improvement today, with
an increased business Galens rose two per cent
rom yesterday lowest price; Rock Island advanced
iper cent, and all the Western shares in proper.
tion The increased traffic on these roads attracts
Az NIT a., tbo L.,
the stocks are selling. Panama advanced Al per
cent The business throughout the day was fairly
active and the market closed steady q, the follow.
ing quotations;-virsinia s's s2f 4; Missouri e's.
sStai Ii Canton Company, 81 at; Pacific Mail.
lotta New York Central Railroad, 7sI q 70:
Erie, leia Hudson River, Az a ~; Harlem.
III ID; do. preferred, 80 q l; Reading, 47ia q;
Michigan Central, <si I; Michigan Southern and
Northern Indiana, IL l; do. guaranteed. ga a 4:
Panama, lics a lt7; Illinois Central, 5sl a go: Ga.
lena and Chicago, eti q I; Cleveland aud Toledo.
2si 20; Chicago and Rock Island, esa,.
The adjournment Of the Charleston Convention
without nominating candidate complete. The al.
organization Of the democratic party: benc,for,b
the republicans are the only coherent party IN The
country. The eject OF this supremacy Of tho mar.
tsans OF abolition IA 10 be seen IN The decline ~
State stocks, nearly all OF which, but especistlv
Harnesses, yirgnis, Missouris and CALIFORNIA;.
have declined from TO II per cen, since the De.
mocratic Convention met. In the even, of anv
disruption Of the Union the FRS. securities which
would be deprecated would be State stocks. cane.
cially those Of the border slave States; hence the
decline which we note. The public view the
bolt at Charleston, and the Subsequent nro-
ceedncs of the Couve ntion AZ nrc,,o,,,,-.
indications Of still more alarming division
q interests mex, fall, IN the event Of the
election Of President whose principles would not