The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1862-06-25

Since JAM 1....$41 ,744.75l e3556,5s0 59,92s,756
The street was excited to-day by sudden ad-
vance in gold and exchange. The former opened
at lot, jumped up to 1927, fell back to 1857,
and closed 1851 r. Exchange rose to l19
n. The advance, which was entirely unexpected,
lis ascribed to the combined effect Of the news of
THE passage of the new Treasury Note BILL and Of
intelligence from Europe of more American stocks
coming here for sale. It is more the fruit of
speculation than of legitimate causes. We adhere
TO what we have said heretofore on the subject of
gold. There is no demand whatever for the pre-
cious metal in this country and there is q supply
'on hand which altogether cannot fall far short
of $500 900 900. We have still on hand some
SIG, O00, 900 SIT 900 900 Of the gold which we
took last year from Europe.
Money is worth a per cent on call; most
loans are at the latter rate. Green backs are
quoted at o ~.
The stock market was generally better this
morning, without any great activity in business
AT the first board Central rose "a, Eric preferred
j, Harlem preferred ~, Michigan Central n,
Southern do. %, guaranteed "a, Illinois Central "a,
.Galena "a, Toledo "a, and Rock Island "a. State
stocks were unchanged. Governments, contrary
to public expectation, were "a lower, notwith-
standing the passage of the Tax bill. Between
the boards the market was firm. At the second
board stocks were steady, and closed so.
The wisdom Of Mr.. Chase's financial policy is
being INDICATED sooner than could have been an
ticipated. On the news Of the passage Of the
Treasury Note bill through the House, the depo-
sits at the Sub-Treasury for conversion into $40
bonds instantly increased, and at the close of bust
mess hours footed up no less than 81 ,l26 900.
Thus Mr.. Chase has to-day negotiated $40 bonds
At par for more than the actual expenses of 60
tvernment for the day. The business Of the Sub
Treasury was % follows
Receipts ass, 7.s 80
For customs. ~ 900 90
fymens 70 ,0sS w
balance .lb 534 1858 06
We understand that Governor Morton, Of Indiana,
sand Hon. Jesse Brown, Loan Commissioner,
ahave informed the Board of Brokers that thew win
Hcommsrr~. .as Legislature q Indiana to redeem
all the bonds of the Slower issue in the hands of
dnnocent parties. If Governor Morton and Loan
Commissioner Brown have the credit Of the State
of Indiana really at heart they will not wait for
the action Of the Legislature, but will assume the
responsibility Of recognizing the bonds at once,
and withdrawing them from circulation. They have
in hand money received from the general govern.
ment which could not be better employed So
long this ISSUE with all its evidences of anthem
ITCHY and genuneness, is repudated by the State
no man of common prudence will be willing to
buy or to hold any Indiana security at any price
whatever.
= The exchanges at the Bank Clearing House this
morning were So, 634, 4o7 50, and the balances
81 ,74S ,3l2 n.
The Bank Of Commerce has declared semi.
annual dividend Of three per cent, payable July
q; the Manufacturer and Merchants Bank,
lsemiannual dividend Of three per cent, payable
July 1, and the Tradesmen's Bank, semi-annual
dividend Of three and q half per cent, payable
July