The New York herald., 1862-05-21


For the week. ......$1 536,119 2,eo7,3s1 2463 500
Previously reported. so,esl loa 7'2ls,s1s <4ss4soo
Since January L. $40 227 222 40 $40 600 4o.s4s4oo
Money remains very abundant indeed. To the
established houses in the street more is offered
at per cent than they can use, and no one ex-
poets to get more than 4. We hear Of paper SELL
ing at S, and of some exceptional cases at a
31a Money continues to pour into the city from
all parts of the country. There is no employment
anywhere for money except In Wall street. Some
OF the country banks buying government
stocks in order to earn interest their capital.
Others are helping to get up speculative move
ments in bonds, with the same object. 1t never
easy as it is to borrow money for purposes
of speculation in stocks.
Foreign exchange is very dull indeed. Bankers
ask ll3A ia for sterling, and 5.97H a. 5.95 for
francs. At these rates the demand is light. Very
heavy sales of sterling, deliverable in August, Sep
tember and October next, have been made at ll3.
The purpose of the buyers in guarding themselves
against future advance in exchange, and ascer-
ia ming beforehand what their remittances going
to cost them, is obvious enough. 1t must be pre-
Sumed that the sellers feel satisfied that the coclse
of the market throughout the summer will rather
be downward than upward.
Stocks continue firm; the feature of the market
is still the active inquiry for bonds. Every kind
Of reliable bond which pays or per cent inte-
rest is being bought up. Parties who yesterday
or last week sold bonds which gave them a
handsome profit now embarrassed to know
what to do with their idle money, and are inquir-
ing about the very bonds they sold. The fourth
Eries sold this morning at 90H the second Mchi-
| gan Southern at SO, the second Terre Haute
and Alton at SIS, the first Milwaukee and Prairie
| du Chen at SO, the Chicago and Northwestern
assented at 40. Many of these bonds have risen
100 per cent within comparatively short space Of
| time. At the morning board the Western shares
| were generally better. Guaranteed advanced to
! 5s1a, Michigan Central to 62, Pittsburg to 1914
! The most active buying for cash was in Toledo
| Galena and Rock Island, which were "a s
| higher. In Erie and Central there was no change
Hudson River advanced a, without much activity.
The most popular stocks among the small specu
lators the low priced railway shares, which
offer larger prospect of gain in proportion to the
investment than the higher classes Of securities.
Pacific Mail sold at III this morning, but was
afterwards done at ll6 for cash and ll5 on time.
| Governments were steady. There was quite
large business done at the morning board to-day.
| The commission houses are reaping handsome
harvest after their long inactivity, and unless all
| signs fail they will have busy summer. After
| the board the market was firm. At the sec ond
| board there was some realizing In Rock Island,
| Toledo and one or two other leading stocks
and quotations u "a lower were established.
| The market was quoted steady at the close.
| the following being the last quotations:-Unit
States 6s, registered, 1881. 1887 1886 do. 6's,
coupon, 1881, 1041S l041; do. SIS, 1874, "a 95;
Indiana 5's ss1 s41ss; Tennessee 6's, 5sTe So;
Virginia SIS, SO 59a North Carolina 6's, 721 73;
Missouri 6s, So 5214 Pacific Mail, ll51l ll524;
New York Central, 80 s91<; Erie, SO q 391<; do.
preferred, 6611S 66ss; Hudson River, 43 q 4314;
Harlem, l41s l41+; do preferred, 35 3524; Read
ing, 4sL 491s; Michigan Central, ,63 631x; Mich-
gan Southern and Northern Indiana, 25% 25s<;
do. guaranteed, SIX q 5724; Panama, 1873 1874;
Illinois Central, 81 "a 81; Galena and Chicago II
y; Cleveland and Toledo, 46 a 461s; Chicago
and Rock Island, 63A 6311; Chicago, Burlington
| and Quincy, 7lH ~; Milwaukee and Prairie du
| Chen, 2ss< so; Cleveland Columbus and Cincin.
matt, 1852 lis; New York Central rs, los "a;
Erie third mortgage bonds, 9s 80; Michigan Gen.
trail SIS, first mortgage, 1857 1857; Illinois Gen.
tral bonds, rs, "a 95; gold, lo3ss 1887.
| The Sub-Treasurer has given notice that he is
prepared to receive deposits at four per cent up
| to $3.50 900, to fill q vacancy of like amount in
his $50, 900 900 deposit fund, caused by the with
| drawal Of moneys by depositors. The following
was the business of The Sub-Treasury to-day
Receipts. ,452 243 80
For customs. ...................... 244 600 90
Payments. 652,317 46
Balance II 4i91I2 80
| The Manhattan Fire Insurance Company has de-
| clared semi-ann1al dividend Of ten per cent,
payable June 2; the Middiesex Mills, OF Massa
chuse.ts, six per cent, payable the 2lst inst.
The steamship Golden Age, which left San
Francisco the 10th inst, had $3.50 900 in gold
on board for New York, and s220 900 for England.
The exchanges at the Bank Clearing House this
morning were t22 SOS ,5s4 SO, and the balances
| 81 ,442 ,044 Al.
The Michigan Central Railroad earned the second
| week in May -
S4U, DOS "