The New York herald., 1863-07-20
for the past week and month:

The stock market last week was inactive but
very strong. Towards the close Of the week there
was an increase of outside business, and indica
tions Of fresh activity were apparent. The public
and Wall street operators appear to have satisfied
themselves that the opening Of the Mississippi
and the probable suppression OF the rebellion are
not events calculated to njure the business Of our
great Northern railways, but, on the contrary that
the first reliable indications of peace will give
impetus to our internal trade at least as powerful
as that which was impaired by the war; Itappears
70 be the general opinion of railway men that the
trade Of the Mississippi river has received blow
which il will take years to cure. Even after the
restoration Of peace il will take some time to re-
build the boats which have been destroyed or Ia
ken into government service, and for several years
It is probable that the rate Of insurance for
transient merchandise on the river will rule
higher than il did before the war. Mean.
while the cities on the Upper Mississippi
and its tributaries are becoming used to send
ing their produce East and receiving their
supplies by nil. They are served quicker in
this way than they were when New Orleans was
their chief mart; and they save enough in interest
and insurance to pay the difference in freight.
There will always be al immense interchange OF
Mississippi river; but q large proportion of the
river trade which existed before the war has
passed forever into the hands Of .he Northern rail-
ways.
The chief excitemen. last week on the Stock
Exchange was in Pacific Mail, which rose about
60 per cent. selling in the street on Thursday at
253. No special cause has been assigned for this
prodigious advance. A stock dividend is talked Of;
4 INIT nntbtng Ia known nm the aubieet The shorfs
have again suffered very severely. Hsrlem has
also become active, rising to liz. No further
action has been taken by the Common Council,
the rists having probably absorbed their attention.
Erie is strong and in general demand. The divi.
dend Of sH per cent appears to give gene.
raj satisfaction, though many stockholders
appear 70 have expected more. As we under.
stand. the object OF the directors was 10 secure
themselves against any accidental falling oil
IN their traffic. and TO render IL certain that divi.
dends will be regularly paid hereafter. Erie com.
mon may now be considered regular seven per
cent dividend paying stock; and, as the Central
pays no more, 1t is difficult to understand the dif-
ference IN the price Of the two securities South
ern old is again attracting some attention, on n
fumor that q fall dividend will be paid. We learn
nothing authentic on the subject. Illinois Central
sosc steadily last week; some considerable parcels
are said 20 have gone abroad lately. The Presi.
dents reports are giving great satisfaction in
London. Pittsburg sold as high as gs last week
on an understanding that dividend would not be
delayed beyond the 1st September. We are led
L 20 expect tstit will not be paid before the lst
1 October; but IL ought then 10 be five per cent.
There IL no sign Of any ''bresk down. In Hudson
River The stock Huctuatcs from day 10 day,
n AL
| In the movement justfss the wide difference he
tween the cash price and the price on sellers
options.
Adrian VI. Muller, p. II. wilkins 4 Co. sod by
auction on Saturday the following socks:--
nv ovdy AZ lark Dussf, Es,., Aud.tcr ~ As sas AZ
= IA,pcs
s&4oa Jisns and hNhxsa Canal. rs, 10 . nx