The New York herald., 1862-05-29
FINANCIAL AND coMMERc clAL.
WEDNESDAY,, My 2s-e 7. NJ.

WEDNESDAY, May 2s-6 p. Nj.
| Bankers experienced good deal OF difficulty to-
! day in placing money even at per cent. The
supply is largely in excess Of the demand, and
will, probably in course Of time, lead To revival
OF moneyconsuming enterprises. Certificates of
indebtedness are in demand at par, and have sold
at q Y premium. Mercantile paper ranges from
to 5, according to length. The feeling OF un-
easiness which has prevailed for the past few days.
in consequence of the recent developments in the
State stock market is subsding; the more rapidly,
as it is now pretty generally understood that no
one will suffer.
There was an improved inquiry for stocks this
morning. which contrastei sharply with the nervous
panic in which the market closed last evening.
The decline Of yesterday led to fresh orders for
the popular fancies, AMI the supply of stock uader
which the market gave way yesterday. was this
morning abruptly checked. From all that we can
learn. there have been no heavy sales of stocks
for bull account since the present decline began.
The street is probably deceived with regard to the
amount of stocks held by the leading bulls. 1t is
likely that these operators were free sellers when
prices were much higher than they are,
and that their present position is one of
comparative ease. The bear interest has increas
ed considerably within the past ten days. There
must be now quite a respectable short interest,
which will make the fortune Of the sellers in the
event Of a defeat of Mcclellan, and of their oppo
nents if the Union armies are successful. At the
morning board to-day the advance in government
skies was u, in Tennessees 1s, in Pacific Mail l.
in New York Central ~ in Erie ss, in Erie pre-
ferred L. in Michigan Central "a, in Southern
guaranteed 9s, in Illinois "a, in Toledo "a, in Rock
Island X. After the board the market was quite
firm and the operators Of the street were
rs anxious to buy as they were eager to
sell last evening. At the second board
there was no change n prices, and the
market closed steady, the following being the
last quotations United States 6's, registered,
1881, l031s l03A; do. 6's, coupon, 1881, l031a
lO3Is; do. SIS, 1874, 9314 931; Tennessee 6's,
57H 57s4; Virginia 6s, 5611 5711aa; North Caro-
lima 6's, 20 72; Missouri 6's, 81 a 51L; Pacific
Mail, llOH llOs4; New York Central, ,ssH s6h;
Erie, 351l 35ss; do. preferred, 621 6211aa; Hud
son River, 431A 1915 Harlem, 1917 IA; do. pre-
ferred, 341s 3414; Reading, 4S1a a 40; Michigan
Central, 59T 6O1s; Michigan Southern and North
ern Indiana, 1874 235s; do. guaranteed, 54H
541aa; Panama, 13O 132 Illinois Central, COZ
GO1a; Galena and Chicago, 81 a 67; Cleveland and
Toledo, AZ q AZ; Chicago and Rock Island, 6oA a
6O1s; Chicago, Burlington and Quincy, 71a4 Y;
Milwaukee and Prairie du Chen, &c . 27; Illinois
Central bonds, rs, s31a s354; gold, 1887 104.
The business Of the Treasury was as fol-
lows to-day
Receipts S. 1852 S7S IS
-For customs s........................ 203 600 90
ray ymehts.. 300 oe
Balance Is ,73S ,O74 92
The City Comptroller invites proposals for
$3.50, 900 Central Park Improvement Fund Stock
of 1876 till Friday, the 9th Of June, at 2 p. NJ.
This stock will bear six per cent interest, payable
quarterly.
The North American Fire Insurance Company
have declared scrip dividend of fifty per cent to
policy holders on the business Of the year ending
May 1, 1862 They also declare a half yearly cash
dividend Of six per cent to the shareholders.
The mail from Washington, which had been de-
layed by the transportation Of troops arrived this
morning. Some s4 SOC, 900 of new Treasury notes
were received, of which $2,00O,O00 are fifties,
81 OO0, 900 hundreds, and $500 900 in five hun
dredg.