The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-05-17
FINANCIAL AND COMMERCIAL,
THURSDAY, May l6-6 p. M.

THURSDAY, May l6-6 p. M.
There is nothing new in money aud no variation
in rates. Some really good paper can be bought
at 2 a per cent month, owing to the genera
distrust of names which have been in the Southern
trade. Call loans are worth per cent We
hear of no failures of consequence. The street
is full of rumors, but in many cases they turn out
to be groundless.
The foreign exchange market has not opened for
the Saturday steamer. and much will depend upon
the tenor of the Europa's mails, which viii be de-
ivered after business hours this evening" 1t looks
now as though rates would be fully maintained.
There is very little doing on the Stock Exchange,
but the bulls are encouraged by the favorable po-
ltical reports and have not begun to sell their
stocks, so that prices continue to advance. At
the morning board to-day Tennessees rose /, Vir-
ginias IA Missouris ~, New York Central %,
Hudson "a Harlem 11@ Michigan Central "a South
ern a, guaranteed 70, Illinois Central %, Ca
lena x, Toledo "a and Rock Island u. The only
exception to the general list was Pacific Mail,
which fell off on the bad statement in the report,
u per cent. There is no investment going on in
stocks, and the market is being gradually fed
with stocks from Europe and from holders here;
but this supply does not keep pace with
the excessive short sales of the bears, and prices
advance in consequence This afternoon prices
fell off all round, closing dull. The following were
the last quotations:-Un United States 6s, registered
1881, ss1S s9ls: United States G's, coupon, 1881,
s7ak a SO; United States SIS, 1874, II 49, Indiana
SIS. "a a. Virginia G's, IS a a5% Tennessee 6's,
4394 A: North Carolina 6's, SIS 81: Missouri
6s. 3sl4 a 3sla; Pacific Mail, GO a GO; New
York Central 725s 7224; Erie, 2l4 a %;
Hudson River 351s SO; Harlem. ll4 all7s; do.
preferred, % a 1914; Reading 81 3l14; Michigan
Central, asa 451% Michigan Southern and North
ern Indiana. 1921 10: 90. guaranteed, 27sI a %:
Panama 100 1902; Illinois Central, &C a 66ll: Ga.
lena and Chicago 59s4 a 60; Cleveland and Toledo,
23ss 2324; Chicago and Rock Island, 30 361s:
Chicago Burlington aud Quincy, 81 Co., Delaware,
Lackawapa and Western, u a II; Milwaukee and
Prairie du Chen Ia 10; Illinois Central bonds,
rs 81 a 90: Delaware and Hudson Canal, SO 81;
Pennsylvania Coal, 10 a.
The business of the Sub. Treasury was as fol-
lows to-day
Receipts ssi7773 40
-tor customs' al COO 90
Fay ments. 1877 g62 Is
Balance 100 $40 40
The Pacific Mail Company report is not cacu-
lated to help their stock much A they we're de.
prived by the government Of the North Pacific
(Orcgon) mail contract, they sold out their steam.
ships between San Francisco and Portland Ore.
gon six in number for $3.50 900. These had stood
on their books at valuation, for mail service,
Of 1861 ,5l2 Since the last annual report the
John L. Stephens has been condemned, and
her valuation marked down from slgl 900 TO
s35 ,06O-thc worth OF the machinery, &C., on
breaking up the ship. The valuation Of the steamer
weGtinuton IL also re4ucpa ofr Tha thraa