The New York herald., 1862-05-08
FINANCIAL AND COMMERCIAL.
WEDNESDAY, May 7-6 p. M.

highest grade the same figures. Certificates of
indebtedness sell for 9924.
Foreign exchange for the steamer closed at
llSla ia for bankers bills with general indis-
position on the part of bankers to sell at the
lower rate, and an equally decided disnclination
on the part Of the public not to give the higher
one. Gold fell at one time this morning to 1927,
but afterwards rallied to 1929, closing 1929 bid.
The fall in gold since Monday has been caused by
the sales of operators for fall, who borrow the
coin for delivery, and look to their interest
account to bring them out. 1t is under
stood that the short sales of gold are less pro-
ftable than they have been. A good many of
the seller-sxty contracts are maturing, and there
is pretty lively inquiry for the precious metal
for delivery. Merchants who have been buyers OF
coin on long option are taking it up, laying il
aside and borrowing on it at per cent. This is
by far the cheapest way of buying gold.
At the commencement OF business to-day there
was general desire to realize profits, caused
mainly by General McClellan's telegram received
last evening. Government stocks, State stocks
and railway shares were all pressed for sale at a
slight decline from yesterdays price. At the de-
cline, however, new purchasers came in, and the
market rallied. During the morning board the
news Of the victory at Williamsburg was re-
ceived, and, subsequently, the details OF the
fight at New Orleans and the intelligence from
North Carolina. These successive favorable re-
ports led to a general demand for stocks, and the
decline of the morning was at once recovered.
Between the boards the market was firm. At the
second board prices were fully maintained, and the
market closed strong. Governments opened to-
day at 1927 for the coupons, rose to 1919 by
midday and closed 102 bid. Seven-thirty notes
sold in the morning at l02, and closed at 1897.
At the first board the decline in Tennessees was
22s, in Missouris "a, in Pacific Mail a, in New
York Central a, in Erie a, Erie preferred a in
Hudson "a, in Michigan Southern 1a in Michigan
Central II, in Illinois Central ~ in Gacna "a, in
Toledo "a, &c. At the second board coupon skies
rose a, Pacific Mail n, New York Central a,
Hudson "a, Illinois Central n, Toledo %, Rock
Island n. The most popular shares Of the day ap-
pear to be Rock Island, Toledo Erie Illinois Central
Galena and Hudson River. The enormous increase
in the earnings Of the latter road during the
months of April and March last--amounting to
something like SOC, ,OO0-has attracted the atten-
ton Of spectators. The stock touched 60 when
the road was earning considerably less money
than it is doing at present, and when there was no
paper currency and no speculative excitement
and reports that alFthe main lines running between
the West and the seaboard will do o good business
this season. The Galena, the Toledo, the Erie,
the Rock Island, &C., &C., will all earn hand
some income this year. The following were the
closing quotations:-United States SIS, registered,
1881, 1917 l02; do. 6's, coupon, 1881, 102
1921; do. 5's 1874, 90 "a; Indiana 6's, 81 IS;
Tennessee SIS, 50 69Is; Virginia SIS, SO 5924;
Missouri 6's 521I 52sss Pacific Mail, 1l7s4 lis;
New York Central, sss4 sss4; Erie. 3s7s a 80;
do. preferred, 6sss 66ss; Hudson River. 4o'@
Al; Harlem, Az AZ; do. preferred, 36A 81;
Reading, An 47A; Michigan Central, COZ 81;
Michigan Southern and Northern Indiana, 247s
Is; do. guaranteed, 49, 60 Panama, l292 1870;
Illinois Central, 6294 a s27s; Galena and Chicago,
7lL 7lsI; Cleveland and Toledo, 461. a 46 l-6;
Chicago and Rock Island, 62ss 6294; Chicago,
Burlington and Quincy, 69s4 20; Milwaukee and
Prairie du Chen, 20 2s11la; gold, 1929 1929.
The Sub-Treasurer exchanged another 81 ,750 900
Of 73O notes for gold this morning, and at 1880 A.
NJ. having disposed altogether Of S. 0000 900 notes
for gold, closed the negotiation. Government has
now gold enough on hand to pay the interest due
on lst July The business of the Sub Treasury was
as follows
Receipts 81 $40 ,059 ~
Payments @'u.vloo 10
Balance l',o0ooo oS
The Persia to-day took out ssOs ,564 a in specie.
The exchanges at the Bank Clearing House this
morning were $29,516,207 A, and the balances
81, ,l3s, 1872 Al.
The Assistant Treasurer received from Washing
ton this morning $500 900 in small Treasury notes.
The lot of yesterday is to be used in paying of the
troops at Port Royal.
Mr.. Reuben w. Howes was reelected President.
and Mr.. Chas. A. Macy Cashier, of the Park Bank,
at the annual election on the 5th inst.
The following letter from the Secretary of the
Treasury was read at the opening Of the Board this
TREASURY DErARrxxSr, May 6, 1862.
MY DEAR SrR-Your telegram, sent by order Of the
Board OF Brokers Of New York. announcing tho offer Of
Saturday OF one-sighth por cent premium for twenty
years United States sixss was only received this morn
The rejoicing with which this significant indication OF
tho improved and improving condition Of tho national
shared BY all patriotic hearts in the land
And BE- It assured that It gives unalloysd pleasure
70 acknowledge the invaluable support which the depart
ment under my charge its eudeavors promote this
important object has constantly received from the great
commercial metropolis Of our country Without that
unavailing. With great respect, yours truly, .sr
w.R. vERxnYx, Esq, President, &c.
The Hiipping and Commercial East furnishes
the following statement of the exports of bread
stufs from the United States to Great Britain and
Ireland since the lst Of September, ls6l:--
Fior, Meal, Wheat, Corn,
bL. tHs bush. bush.
New York Il ,12l 1878 S2t 0378 $40 9,016 ,265
Philadelphia. 25663o 406 ,796,l21 3S3 ,567
Baltimore. -. $3.50 243,S70 26S, 1877
Boston. ........ 226,765 1862 53,s99
Other ports... 64,947 577,Sl7 5000
Is6i-62. Il 6ss,7ls 1926 IA 4,057, ,9S9 e,T2e, ,i2s
1sG0-6l Il ,261 3019 l6.J97,lS9 7,9ls 100