The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1862-05-19

Inc SUCK IdTket was dctVe Ill last Wtth Will
out important changes in prices. United States
skies (coupons) at one time touched LOG, and $50
notes freely sold at the rate; but at the
advance the supply was in excess Of the demand,
and the price speedily declined The banks can
supply the demand at these prices to almost any
extent, and they only gave OIL for the skies they
would be foolish not to do so. The 7.30 notes will
rise still higher, not only because they bear l.30
per cent per annum more interest but because
they are . more negotiable security than the
bonds: we look to see them in demand ut no.
The fves are worth 94l 95-quite as much as
they should command at present. BY and by they
will stand at premium but it is not desirable that
the natural course of events should be anticipated
Among the speculative stocks the most active has
been Pacific Mail, which has fuctuated from 49,
dividend on, to 10s, dividend of and finally closed
yesterday at ll6. The recent advance is under
stood to have been caused by an impression that
an extra dividend was about to be declared. We
have the best reasons for knowing that nothing OF
the kind is in contemplation. The Pacific Mail
Company is doing an excellent business and laying
up large surplus. II has the priceless advantage
at present Of being on good terms with Commodore
Vanderbilt, who is really the arbiter Of the steam
boat business between New York and California.
But, at the same time must not be forgotten that
II enjoys no monopoly Of the ocean; that the Com.
modore may, at any moment, break loose from his
present connections, and oppose the company, as
he has done once or twice before; that the large
profits Of the concern during the past year or two
will naturally tempt people to attempt the estab-
lshment Of rival lines that effort Is said to be
in progress for the reopening Of the Nicaragua
Shox - v;a NE
wise discretion would rather lead the Pacific Mail
Company to pass regular dividend, in order to
increase its available surplus, than to distribute
by way Of extra dividend, what cash II may have
on hand. II everything remains bright and serene,
Pacific Mail would be cheap at $780, but IL the
British should place five or six first class
steamships on the line, il would be dear at rs. II
Commodore Vanderbilt should break of his alli-
ance with the company, it would be monstrously
expensive property at so. Among the railway
stocks the most active have been Erie, Toledo,
Galena, Rock Island, Hudson and Illinois Central.
OF these the most promising, in the opinion of the
old jobbers Of the board, are the two last mention.
ed-Hudson and Illinois Central. Hudson River
has always been favorite with large class Of
New York operators, from the reason that II Is
known and appreciated here; that confidence ia
generally reposed in its President, Mr. Samuel
Sloan, and that, as the butt end Of an enormous
network Of railways on the one hand, and, ON the
other, in one sense, continuation Of our city
roads, it enjoys business which has increased
and must steadily increase from year to year. The
leading owner Of the stock is in Europe and Il has
had no one TO look out for IL here il would have
sold at so ere this Illinois Central is very ternpt
ing 10 gambling operators, from the fact that tho
opening Of the Mississippi to trade may at any
time revolutionize its prospects. II the river il
fairly opened and cereal food begins to go down,
while cotton and sugar begin to 20 up, people will
scramble for II in Way street at 80 20. But for