The New York herald., 1862-09-25
FINANCIAL AND CONNER CIAL.
WEDNESDAY, Sept. 24-6P. N.


WEDNESDAY, Sept. asp. n.
This has been another very active day in Wall
street, and everything has worn cheerful aspect,
though we have been in receipt OF no further news
from the war.
Money is freely offered on all sides at per
cent and in many quarters at 3. The highest
grades Of mercantile paper are quoted al a 5
per cent Certificates of Indebtedness sympathzed
with other classes Of government securities, and
declined !. per cent. Demand notes sold at ll5,s,
closing ll51l bid. The aggregate amount of de-
msnd notes still afoat is stated TO be about thirty
millions.
Exchange advanced this morning to Iso
49, The leading drawer refused to draw be.
low 1874: but his bills were sold in second hands
at 1907. The advance is due to the movements in
gold. which sold early this morning at lls7s after
wards selling at lls, and closing at that bid.
Spectators are all at sea about gold and
change, and the most experienced bankers cannot
fsresee the course of the market even for day at
q time.
The business on the Stock Exchange o-day was
very large, and the market was very buoyant in
deed The iavortes of the day were Toledo,
which advanced 2 per cent at the morning board,
"a more in the afternoon. and closed at 64ss bid
against Glia bid last evening; and Illinois Cen
trsi. which rose TX at the first board, | per
cent Afterwards, aud closed 20 bid, against
674 last evening. II is understood that
A powerful party is purchasing this lat
ter stock. The earnings are proving unex-
peotedg large 500 900, it is said, viii be taken
III the month OF September, against $3.50 ,O00 in
September last year; and adsices are going out to
Europe 70 the foreign stockholders that instead OF
wanting money, was expected this fail. the
company viii have surplus over and above al
calls upoa is treasury. Unier these circum-
etauccs The operators WHO are buying The stock
are talking or the old figures. For long time
Illinois Csntra used 70 sell AZ lS0 40. There Is
4 luli in the Erie shares; the public are getting
accustomed to the new prices. Other railway
shares were active and higher. AT The urst board
Central rose Il, Hudson u, Cleveland and Pitts
burg IA Michigan Central l. Southern old / II,
and guaranteed a. The bond market was active.
The second mortgage of the Chicago and
No-thwestcrns advanced per cent and
there advance Of a . per cent in the
issues OF the Pittsburs and Fort Wayne. The three
mortgages OF this road are lower than any cores
ponding securities on the market, though the
road is earning q dividend upon its stock after
paying ts whole interest. This arises from the
fact that sufficient time has not elapsed since the
reorganization for the bonds to find resting
place The advance in some railway bonds has
been surprising. Michigan Southern seconds sold
this morning at 96; they were drug at so not
very long since. Erie flths, which were once
deemed almost worthless. in demand at SC.
All the first class bonds, except those oi recent
creation are SO far above par to be almost out
OF the market Government securities have been
unsettled by the proclamation Of Mr.. Lincoln
and the opening Of the fall campaign in
this State. The skies of 1851 fell az this
morning, and the seven-thirtes Is. Some ope
rstors are selling them upon applehensions OF po
Etica ansiotes. 1t is doubtful whether any event
within the range of possibility can ccun,eract the
greatinfuence Of paper money which il now ruling
our stock market with resstless sway. Between
the boards the market was very huoyant. and
there was aliyely inquiry for Toledo, Gaena, Hi
aois Central and Southern old AT the second
board the market continued to advance on every-
thing except governments. The demand ior To-
ledo. Galcna, Illinois Central and, indeed. all the
railway shares, was very active indeed. The
market closed strong, the following being the
last uuotations:-