The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1862-07-03
FINANCIAL AND CONNER ClAL.
WEDNESDAY, July 2-s P. NJ.

WEDNESDAY, July 2-6 p. NJ.
Money Is worth per cent on CALL The sup
ply must be increasing as the dividends are paid;
but, pending the operations before Richmond, peo-
pie are rather careful how they employ their
means. There is very little mercantile paper in
market. Certificates of Indebtedness are quoted
par green backs, 1927 los.
The uneasiness arising from the want of news
led to further advance in gold and bills to-day.
Gold opened at 1927, advanced to 1897 q, and
closed lO9sS bid. Bankers bills opened at 1901,
at which figure there were sales, and advanced to
1907, 1907 and l2l. There are spectators who
deem gold and exchange the safest investment
just now. II is remarked that these parties gene
rally have little faith in the success Of the Union
armies.
The stock market was much depressed. this
morning by the want Of news, and at one time
panic existed. The approach Of the Fourth always
brings some stock into the street. On this oc-
casion the number of people who are afraid
Of the future 10 larger than usual. An
unfavorable construction was put upon the new
call for 800 900 more troops, and some faith was
attached to the idle reports in the foreign seces
sionist papers regarding foreign Intervention. In
the course of a day or two Wall street will proba
bly, discover that the new call for troops is in
reality favorable and not an unfavorable indica
ton, inasmuch as it insures the thorough suppress
sion of the rebellion and at the same time the
rumors Of foreign interference will be appreciated
at their true value. Meanwhile the bears had their
innings this morning. At the first board govern
ment skies declined "a on the coupons and Il on
the registered; seventhirtes fell "A, Tennessees a.
Missouris ", Pacific Mail l, Central l, Erie ~
preferred %, Hudson "a, Harlem q, Michigan Gen.
trail "a, Southern old n, guaranteed ~, Pa
mama l, Illinois Central 2, Cleveland and
Pittsburg "A, Galena TX, Toledo "a, Rock
Island N, Prairie du Chen ~. All classes
of bonds were lower. The Northwestern
seconds fell 2, the assented bonds l, Wabash Sc
conds Z, the Michigan Southern sinking funds "a
the Fort Wayne firsts 2. After the board the
market was very heavy, and Central sold down to
81. The rebel sympathizers were in high feather,
and had score of disastrous rumors to relate.
There was no recovery at the second board, and
State stocks and some other securities fell still
lower. Government skies (registered) fell per
cent, Tennessees 2, Mssours ], Pacific Mail l,
Erie "a, Erie preferred l, Hudson "A, Michigan
Central 2, Southern old 1, guaranteed 81,
Panama /, Illinois Central n, Galena
Il, Toledo 11S, Rock Island TX. The street
be traced to no reliable source. The follow
ing were the closing quotations United
States 6's, registered, 1881, 1917 1111l; United
States 6's, coupon, 1881. 1917 l02; United
States SIS, 1874, "a 80; Treasury notes, $40
per cent, 1917 lo411aa; Tennessee 6s. 55A 554;
Virginia 6s, IS "a; Missouri 6's, 49h 49ss;
American gold, 1925 a 1os1a; Pacific Mail,
1l4A 1lis4; New York Central, slA slss
Erie, 351I $50; do. preferred, 621. 62s4;
Hudson Eiver, 4614 461I Harlem, lG 16H
do. preferred, $50 ss Reading. ga ass; Miehi!-
gan Central, COZ coz; Michigan southern and
Northern Indiana 25s4 &c; do. guaranteed, 5511aa
Sc; Panama, 1873 1874; Illinois Central, SO 591 &;
Galena and Chicago. 69ss 697s; Clevelan! and To-
ledo, 47s4 As; Chicago and Rock Island, 635s q
6354; Milwaukee and Prairie du Chen, 80 49,;
Michigan Central SIS, first mortgage, LOG l07;
Illinois Central rs, 81. 9l14.
After the second board the rumor of the capture
of Richmond caused a rally in the market. For
Central 9l1l was bid for Illinois, 591l; for guaran-
teed, 56I, &C., &c.
The business Of the Sub-Treaswy was as follows
to-day
For customs. Observation-Disclosures. 293 900 90
PAYMENTS SO3s ooZ ~
The exchanges at the Bank Clearing House this
morning were $40, $50 800 II, and the balances
| 81 $40, 707 80.
The Superintendent of the Banking Department
has named Saturday, the 2Sth of June, as the day
for making up the statements Of the banks of this
State for the last quarter.
The Gallatin Fire Insurance Company has de-
clared semi-annual dividend of five per cent,
payable on demand; the Importers and Traders
Insurance Company, dividend Of four per
cent, payable on the It'll inst; the Hanover
Fire Insurance Company, semi-snnual diyi-
dend of six per cent, payable on demand; the
Mercantile Bank, semi-annual dividend Of
four per cent, payable on the 18th inst; the
| New York and New Haven Railroad, dvi-
dend of three dollars per share, payable on the 18th
inst; the Taunton Branch Railroad, dividend OF
four per cent, payable on demand; the Cape Cod
Railroad, dividend Of two and o half per cent
payable July Z; the Massachusetts Cotton Mills,
dividend Of five per cent, payable july; the Citi
zens' Fire Insurance Company, dviGsnd Of
twelve and half per cent, payable on demand.
The earnings Of the Hudson River Railroad for
June were as follows:-
1852. sl5l 457
Increase. ...................... SIS ,744
We have received a copy Of the annual report Of
the Michigan Central Railroad. The balance &C.
count of the company on the lst Of June was as
follows
To capital STOCK ,O57 10
Bond account viz
q PER cent sterling bonds, unconvsrt
BIZ, 1st mortgage ............. &467 ,466
| per cent sterling bonds, converti-
BILE. LIST mortgage. 600 900
per cent bonds, convertible, LIST
mortgage. COMMUNICATING. Zyos5,OOO
per cent bonds, convertible, LIST
1890 ass