New-York daily tribune., 1862-05-03
SvCovp BO.GD.
FRIDAY, May 2-P. NJ.

FRIDAY, May 2-P. NJ.
The reaction in the Stock Market expended iiself
yesterday aud the movement to-day bas been one Of
the most excited We have ever witnessed. The
esgernesa 10 buy extended throughout tue entire isi
and the advance established ranged from ! 10 . y
cent. There is evidently one OF tie old-time specu-
latiye movements commencing, in which Tie public
are taking large interest The var items Of the
day were considered very encouraging, and had a
marked influence u9on the dealings; but the princi
pal impDlse has been given by tho prevailing impress
sion, which has been growing for come time past,
that the enormous disbursements OF the Government,
mado in currency, must so expand the circulation
of the country, and cause such Ga accumulation
&C., that every kind cf security elding or 6 =
cent revenue must advance to par, and probably TO
apremium. Tdis war, while it hos immensely en-
larged tie public debt, has to an equal extent in-
creased the wealth Of individuals. This increase Of
wealth IS now seeking investment, and there are
parties in the street sauguae enough to predict par
during tie Sammer for any safe security yielding .
cent interest. Ills result cannot Of course, 30 ap-
preached without other securities of a more specu-
lative value synpa hziDg, aud hence the rsh to buy
almost every description dealt in at tbe Board. The
moe, saupant stock to-day WAS Pacific SIai, which
opened y; - against llil yesterday afternoon
ard sold rapidly Lp % III, witch price was paid
after toe Filsr Rcssd Some sellers options fell
due to-day at over - + cent oss " the seller. Cash
stock has been very scarce bat tie 9pid advance
brought ont come certificates. Panama advanced 70
129I. Central was ing at y cent improvement
on yesterdIy. The -.rie Issues also <vd an up
ward tendency, with good demand. In Western
Shares the feeling wasvery strong Iecally ~ Mich
iean Ceatral, Rock Island and Prairie du Chen. Ia
each of these stocks the advance was l = cent At
the Second Board The market was very hrm the
bidding being a.tye but tie Transactions restricted
n tue moGerie amount Of stock Offering
pc, &c Mail did not tustain the fdil ad-
yorcs of the day but closed at ll6. The
Erie issn,s were again better, and Central
was verv s,ron.r at S6l further advance. Rock
blind advonced =. 5s5; Toledo 10 43} Micbipan
Central 70 57g. urno,,, Centrd 6l}. &C., &c. The
,novement in Governments Securi,ie. has been iln-
meuse during the day end a. au advance OF y (
cent on the long stocks TIE aggregate Of registered
transactions Is $3.50 o0J bu tLe act.al DEALING were
nuch larger TIE Coupon G. oI 1881 sold as higl As !
99i against % yesterday. The 80 Of 1874 at sg4. /
Treasury Notes at 100 and Indebtedness Certificates
at 99I. Railroad Bonds participated largely il tho
buoyancy Of tie market although boleTs are 80 FIRM
that but few rarsactions were r.adc. Michigan
Southern Sinking Iuads advanced = cent. 1Cle-
do and Wabash seconds y cent. Chicago and
North Werern = cent, 6,c. The present move
r,ent, Il covliaued week or two longer, VIII leave
no p cent irst class railroad bond, The market
at par A, the close the market was s'rong and ia
some cases higher than az the Second Bo0rd.
The market is firm and fsrly active for foreign
bills. Sterling is ll3all5i for leading signatures,
rising il sympathy with the advance in gold. Francs
are 5.o5QA97l.
Freights are rather Grrner, ard the offerings are
moderate. To Liverpool, the engagements are
10 600 bushels Corn, at ID, in bulk 10000 do
wheas, st I'd, in boiki 1890 bela Flour, at
o. Sd. 12s 4ld., by American, and 700 bbls. Flour,
a %. 3d., By neutral flag; 200 boxes Bacon, and 800
tcs. Lard, al 22s. Cd; 20 tuns Oil at 27s. 3D.; 800
bbls. Petroleum OIL, at Gs.; .ud, per steamer, 1000
boxes Bacon, at 4cl and $50 pkgs Cheese, at 5Os.
TO London: / 900 bhls. Flour, a @. Sd. ar. 4Id,
mainly at the inside rate. To Hamburg: 1000 bbis.
Petroleum OIL, at 6a. ale. To Antwerp, 1900 bags
Coffee, at Ts. Cd. The Charters are: Bremen
BARK oil 4oo tuns from the south side Of Cuba TO Fai
mouth, Tor orders, CO lis. Cd. an American big Of
400 'uns' from an Eastern port to Tho West Indies
"Ho Lumber, at IS NJ; q Bddsh big, Of 81
tan', 70 the West Indies and back at 81 900; and
British brig, OF TO tuns, by the month, at $50.
The business of the Sub-Treasury was: peco;r,s
e5.9@ $50 2o-for Customs $i0o, 900; psynen,,
S3,S83, i72 &c; Balance, II, iGa, 20 &c. n3.I'7
The sn,sc,ions it viii be seen continue 70 H.
ysFy lar.e.