The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1862-05-10
FINANCIAL AND CONNER GAL.

FRIDAY, May 9-6 P. NJ.
The money market remains very quiet and dull.
Honey is loaned on call at about a per cent.
Commercial paper is extremely scarce. There is an
active business in Treasury notes (seven-t hrties)
which are fiuctuating between 81 a per cent pre-
nium. In foreign exchange the business done has
been light. Bankers are holding at la, which the
public seem, as yet, rather unwilling to give. Gold
rose to-day to 1881, closing at 1881 bid. The
dry goods import for the week is small, only $679,
e76 worth of goods having been entered against
$50 ,040 same week last year, and 81 ,2l7 ,l49
same week Of 1860. The dry goods imports for
The year 10 date fall about S. 500 900 short of
shose Of the corresponding period Of last year.
There was more animation in the stock market
to-day than yesterday, and prices were generally
better, though the volume of business transacted
Was considerably less than that of the early days
q this week. The market seems to be pausng be-
fore . fresh advance. The most buoyant stock of
1Ae day was Hudson River, which advanced "a
par cent, closing 441I bid-an advance Of about
Dsr cent in four or five days, and 80 rapid as to
Justify apprehensions of reaction. Government
uixes (coupons) rose l per cent, Tennessees "a,
Alissouris "a, Central "a, Erie Il, preferred a,
Michigan Central x, Galena n, Toledo u,
1ock Island II. The exception to the market
was Pacific Mail, which closed at q decline of
pr cent. At the close stocks were firm, the
following being the last quotations. United States
es, registered, 1881, 1927 1903; do. SIS, coupon,
1eel, 1917 1903; do. 5's, 1874, 931l 81; In
diana 5's,-a Sc; Tennessee 6's, 5s7s SO; Virginia
es. -a5s; North Carolina SIS, II 721.. Missouri
e's, sac. a 52zs; Pacific Mail, 1857 a ll6%;
1sw York Central, ssss ssss; Erie, 3s11 391<;
%. preferred, 661 66sS; Hudson River, 44H
Al1ll Harlem, 1i1l nsss; do. preferred, 359I SO;
Beading, Az A.; Michigan Central, 60 COZ;
Michigan Southern and Northern Indiana 241& q
~; do. guaranteed, 40 a 4914; Panama, l29
H3ss<; Illinois Central, 6l7s 81; Galena and Chi
eago, 7l5I 7l9+; Cleveland and Toledo 457S a &c;
Chicago and Rock Island, 62ssS q 62s4; Chicago
Burlington and Quincy, $50 60; Milwaukee and
Prairie du Chen, 2Ss4 1914; Cleveland, Columbus
and Cincinnati, ll44 lis; New York Central
7's, 1876, los; Erie third mortgage bonds, e5L
S6; Michigan Central S., first mortgage, 1897
l0S; Illinois Central bonds, Is, 9211 92H; gold,
lOS,. i6314.
The people Of Pennsylvania Ohio and Western
New York will be glad 20 learn that the obstacles
which have stood in the way of the prosecution of
The Atlantic and Great Western Railway enter
prise have at length been removed and the work
h about to be pushed forward with vigor to CON-
pletion. r. W. Kennard, Esq, Of London, Eng
land, is the engineer Of the road. He has already
purchased all the rolling stock, made arrangements
sor employing 5000 men, and expects that by the
LIST Of October next, the line win be completed 10
Akron, Ohio, when the Erie Railway Company
with its Cleveland and Pittsburg and MahoniDg
sonnsction, will have q through line, with the six
foot gauge, from Cleveland Ohio, to the long dock
q Hoboken. The principal parties interested in
the enterprise are the Duke Rianzares and the
banker Solancsrea, Of Madrid; Sir Morton Pets,
n. p: Mr. Edward Belts and the Kennards, OF
London; Mr.. James McHenry, Of Liverpool, and
Messrs. Samuel Haett 4 Co., of New York. The
Atlantic and Great Western Railway bonds, which
are so little known in our market, will naturally
take rank with the first and second mortgages of
sbe Erie Railway, which are held at premium,
while, under good management. the stock may be
worth as much as the stock Of the New York Gen.
trail or the Lake Shore road.
The ub-Treasurer received more applications
to-day for the new six per cent bonds from holders
Il legal tender currency. The conversion OF the
currency bids fair TO be rapid. The following was
the business of the Office to-day
Receipts ............. ..,........... G7el,gia 50
-Bor customs. ........s........... 10000 00
Payments. 1855 y2O2 30
nsooJVoo %
The exchanges at the Bank Clearing House this
morning were s26 2s2 $50 70, aud the balances
81 ,467 1888 80.
The Michigan Southern Railroad the first six
days in May, moved more freight than in any six
days on record before. IN two days two hundred
and sixteen loaded cars passed through from Chi.
cago 20 Toledo.