New-York daily tribune., 1862-05-17
SECOND BOARD.
FR,n.y. MAY I6-P. N.


FRIDAY, May l6-P. N.
Tie Stock market opened dull for Government Sc
curities some holders having been alarmed by the
Hunter proclamation The Coupon Skies sold at
lOis alOiI, and Treasury Notes at 1917 loii Bor-
der State Stocks were without important change aud
rather dull. In Shares there more active,
and. in many cases buoyant market. Pacific hai'
sold st lI0, dividend of, ard was afterward Iii
bid There was very firm market for tie Guaran'
,eed Stock Of the Southern Michigan Road, which
advanced 10 49, Toledo was also very active, and
advanced TO f6i. The Erie issues were also strong
the Old a, 39I and the Preferred at 66l. The May
business thus far is somewhat in advance OF the
came period in April The passenger business Is
improving. After the Board tho market was
frmer. and at the Second Board there was
a strong feeling in the Share market, especially in
Michigan Southern ssues the Guaranteed advancing
to SIS, and the common 10 21l, an advance OF Y
cent since Saturday on the former. This improve
ment is in consequence Of the favorable arrange
men,s for paving of the over due Mortgage bonds,
which will remove the only obstacle 70 a dividend
ON IA. Preferred shares Pacific Mail was sso very
buoyaut, and advanced to III, equal to ll9 di'i-
depd on The Erie shares not active, on' III A.
The market WAS weak for C"~e'"menis, but the
demand WA. better. The 7.30 4 cen,s Were hrmer,
l0., being bid. In Railroad bonds, the mar
k.t was excited. and further considerable
advance took place. Michigan Southern First
mortgage sold at 100 a 1901; Toledo Frsts at
30. and Second. at So Chicago and North
Western Assented Firsts, of which nearly 10000
-old a, the fret Board at IL - bid The Seconds
G.. s.fA
The registered business in railroad bonds to-day
4g25 OOO which il larger than known for long time.
Beside these there have been large private transie
tons, generally a, higher than board prices. Indeed
the speculation in railroad bonds was the feature Of
the street to-day, and all descriptions were III de-
mand at advancing prices. The market was very
strong in the street late in the day, without many
stocks offered for sale. The closing quotations were,
Erie Preferred, 81; common, 39i al; Southern old,
2G; Preferred, So; Rock Island Cos 90; Central
So as s9l; Pacific Mail, llii, &c.
The market for foreign bills IL not very active, but
steady. Sterling ia ll3ialli; Francs, in which
there have been considerable transactions, 800 %
492l.
Freights are less active, but rates are trm five
except -four aud corn to Liverpool which have been
taken at slight decline. To Liverpool the engage
ments are 24,OO0 bushels Corn, at 0Sld. in bulk;
81, 900 do. Wheat, at Cd in bulk 200 barrels Flour
at 2s l0id e3s., mainly at the inside rate; 400
hhds. Hams, at 32s. Cd 900 boxes Bacon, at Boz.
500 tcs Lard at 3Os.; $4,000 pounds Tallow at 27..
I'd. To London: 800 bbls Flour, at 3s. 3D., per
neutral flag; 1900 bush. Wheat, at I'D. To
Gloucester; 5000 bush. Wheat at l0id., in ships
bags; 800 tcs. Tallow, at 3Os. To Bremen: 100
tcs Lard, at 2s. I'd. The charters are the British
bark Warden Law, to Gloucester, with u 600 bush.
Grain at I'D per GO pounds or if TO Cork for orders
at l3d. q vessel of 600 barrels capacity to New
Orleans vt $l5 per tun, and from thence to Fal.
mouth for orders with Cotton, vt PC. per pound fhe
new ship City Of Montreal, now at Boston,, Of
900 tuns, has been sold to Thomas Dunham and
s. w. Carey for 100000.
The business Of the Sub-Treasury was: Receipts,
sl,ll6,763 5s-for Customs, $l37 600; Payments,
$2G7 ,9l3 20; Balance, flJ ,906,0lS 10.
The advance this afternoon in Pacific Mail was
mainly in consequence Of rnmor that extra
dividend would probably be soon paid. The earnings
for the quarter were over ID Y cent.
The first week in May ont ths Cleveland and Toledo
Road shows gain Of 5000
iHc hWciOAh bAPicts tOuIunv arc paying ht
their Office, No 81 Hudson street, the usual y cent
quarterly dividend, upon the 81 100, 900 capital OF
the Company.
In money there is no change to note. The supply
on call il abundant nt 4a5 Y cent on Government
and other securities, and 3 v cent on gold Gold
can bo borrowed at about = y cent interest," The
market is well supplied with the precious metal, and
some lots have come upon the market, the proceeds
being nvested in Custom House Treasury Notes, on
the theory that the two commodities will within
few months be nearly equal i'll value. Gold can
now be sold at 3d3l oent prem, while the notes
can be bought at la; (; Y cent prem. The od-ssue
Treasury Notes are widely distributed and ss the
receipts at the Custom-Iouse will not hereafter be
reissued, they must soon become comparatively
scarce, and approximate more nearly to gold. Some
parties who have faith in this theory, and wish to
have the equivalent of gold hereafter, are realizing
the present difference in the rates Of premium.
A subscription for q million Of the Sinking Fund