The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1862-05-23
FINANCIAL AND COMMERCIAL,
THURSDAY. May 22-6 p. NJ.

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THURSDAY. May 22-6 p. NJ.
Several bank presidents and bankers have been
running about Wall street to-day trying to lend
money ut per cent, and in many instances have
been obliged to be content with 8. For govern
ment certificates of indebtedness par is bid.
Exchange is very firm, without much activity.
Bankers ask ll3T la, and brokers offer 1887.
Gold was stronger this morning. 1887 was freely
bid, and we note a samll sale at l03sS
The stock market opened steadily this morning,
especially on governments, which were in rather
better demand. The railway list was vigorously
hammered; but prices, on the whole, were about
the same as last evening" Bonds of oil descrp-
tions were in active demand at the last prices of
yesterday. After the board the market fell more
completely under the control of the bears. and
prices were hammered down with vigor. Toledo
fell ~ per cent, Erie "A, Erie preferred "a, Rock
Island q, Pacific "A, Central "A, the Michigan
shares about "A per cent. At the second board
the market was dull, prices being about the same.
The leading bulls seem to be well satisfied with
the recent decline. They say that, as matters
were shaping, the tendency was toward period
of dulness, and market without shorts;
whereas, now. the decline Of the past day or
two has already increased the short interest
very considerably, and, on the receipt of good
news, will lead to increased purchases of stocks
by tho public. There is very little resistance to
the decline on the part of the leading operators.
The market closed dull the following being the
last quotations. United States 6's, registered,
1881, 1881 1881; do. 6's coupon, 1881, l04 .
lO41s; do. SIS, 1874, 93l 81; Tennessee SIS, 5sA
SO; Virginia 6's, 81 5s11l Missouri 6s, 5214
52sS; Pacific Mail, 1871 1872; New York Cen
trail, SO ss14; Erie, 3724 371s; do. preferred,
G5 65I; Hudson River, 42s4 42ss4; Harlem, IA
l41; do. preferred, IS 35 Reading, 4Ss4 491&&;
Michigan Central, 81 6lA; Michigan Southern
and Northern Indiana, 24N 2556; do. guaran-
teed, 55% 55I; Panama, 100 49, Illinois Gen.
trail, 6l14 . 6la4; Galena and Chicago, 20 o 7014;
Cleveland and Toledo. 44ss Az; Chicago and
Rock Island. 81 a 62A; Chicago, Burlington and
Quincy, 70 1871; Milwaukee and Prairie du
Chen, % a 49, Illinois Central bonds, rs, 941& q
95; gold, 1887 1885.
Messrs. Winslow Laner Il Co. have negotiated
at prices ranging from sc to 80, the whole of the
war loan of the State of Indiana, amounting to
81 ,450, OOO-the Legislature having obtained from
the general government sum of $3.50, 900 in re-
payment of advances made by the State. The
funded debt of the State of Indiana is now as
follows:-
Two and half per cents ................. o54 71s
War loan OF 1851 1450,000
Total deb. .................... 8 s27 ,27s
The assessment Of real and personal property in
the State for 1851 was $3.50 200, 900, upon which
the Legislature has levied taxes sufficient pay the
interest of the debt and to extingush the capital
in q given time
Among the bonds which have been very active
of late the securities of the Chicago and North
western Railroad, which runs from Appleton, Wis
copsn to Chicago, Illinois, and will shortly be
completed to Green Bay. This road earned in the
year ending March 81 1862, 1857 ,657; the expenses
were $500, 070, leaving 1857 ,5S7 net proft-wthin
81 ,393 of the amount required for interest the
whole bonded debt. It is taken for granted that
the extension ts Green Bay will yield such an
increase in tho earnings win give the company
next year something over interest and expenses.
Hence parties who are we'll informed are buying
the low priced bonds. The assented first mortgage,
which has been selling in the neighborhood of IS,
is now held at A. and is in active demand at As.
When the interest is certain, it will sell at the
same price rs other reliable seven per cent bonds.
Mr.. Cisco has received on deposit, at per cent,
the $3.50 900 he called for and the books closed
again. The following was the business of the
Sub-Treasury to-day
Receipts. "a Dos ,6S3 rs
FOR customs 23S 900 90
Payments ..................... Pill 'ss3 90
Balance IA 24b $50 81
The exchanges at the Bank Clearing House this
morning were s24 ,535 O66 IS, and the balances
$l,l92,lSl IL.
At auction this afternoon the following sales Of
stocks were made by A. II. Nicolay:-
as. Nat.. n Tc~n fat
5000 Scioa Hooking Valley RR. LIST mtge, do... 3X
The statements of the banks of the three princi.
pal cities Of the Union for the last week compare
with the previous ones and the corresponding time
of 1861 as follows
Lcsns DIso.iss Spsr se rirea.atfon