The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1863-04-28
Increase. 81 $40 500 4l3,all
4e,0U9

Decrease 4s4 oos
This statement tells the story of the money mar
ket, and indicates tbe future OF stocks and mer-
chandse. The bank deposits. which fell of when
the payments into the Sub Treasury became &C
tive, some four or five weeks ago, are now SWELL
ing again under the influence Of the disbursements
OF government, and the banks have more money
than they even at the present reduced
rates OF interest The loans do not appear to in
crease bali as fast as the deposits. The specie
average is swelling again, and will naturally
time 10 increase, all the gold held by merchants
or speculation will now be sent into bank to be
loaned upon at par.
The stock market to-day fully responded to the
promise it held out on Saturday and Friday. Large
orders received by the brokers for almost
every description Of security. These orders came
from the country well as the city, and the ndi-
cations marked that the speculative fever is
again taking hold Of the public at large. So
much money made in stocks last fall ana in
February that it is not surprising that people
shoad stand ready to buy stocks again. ON the
first symptom Of revival of speculation Every
one who bought last fall made money, and thus
far very few operators have lost what they made.
Hence it is inferred that the next speculative out
burst-which appears to be beginning--will be
wilder and more widespread than any Of the
preceding ones. AT the morning board to-day the
most popular stocks were Erie (old) and Pitts
burg, the former of which rose 8, the latter
4, per cent. These are the cheapest OF the
railway stocks which are certain to pay dividends,
being 20 rs per cent lower than New York Cen
tral, Hudson, Toledo, Gaena, Michigan Central,
&c. The upward movement in Pittsburg is largely
pd nv fhe IF no hpa n
shares aaoat, it is estimated that 10000 shares
have been sold short and yet to be delivered.
Erie preferred was in good demand at an advance
OF IA. The advance OF the morning in the other
shares was 2. in New York Central, IA in Mchi.
gan Central, = in Southern old, in guaranteed.
=, in Illinois Central, in Galena in Fort Wayne.
There no change in Harlem, Hudson, Toledo
OF Rock Island. Governments were better; the
coupon skies sold at u advance, and the registered
rose q. Bonds were very firm, with a small offer
ing; Cleveland and Pttsburg 4ths, which only bear
6pcr cent interest, sold Mt 81, and that bid.
Quicksilver fell of to AK, and dull at the
decline. Bucks County rose 4 per cent. At the
close OF the board the market was buoyant. At
the p. NJ. public board the dealings were lively
and excited. The principal advance was in Har-
lem, which rose 3 per cent; in Harlem preferred,
which rose 21. and in Southern old, which rose p.
Every lot of stock sold to realize profits was ca
gery taken by parties who look for higher prices.
In the afternoon the market very active and
excited. Harlem fell of to 20 and Erie to 49, The
Western shares were very strong; Southern old
rose to 6i1<, and Pittsburg was In lively demand
at 20. Each decline in q stock seemed to be fol-
lowed by fresh orders from outside. At the close
Of the call at the board there was a general rush
TO realize profits on some of the stocks which had
advanced the most; but at the close again the de-
msnd was in excess Of the supply. At the four
r. NJ. session of the public board the market was
better and there was more disposition 10 buy.
The following were the closing quotations Of the
day.
US 1880 notes 1907. losh Hudson River ll2,, ll3
Currency ceris COX seh Harlem. 80. ssha 10
p,s. ss5.s iSa Harlem pref a. sls
Bucks co Lead ais az Mich Central. 1861 a 1866.
Quicksilver. 45b AK Mich southern O., CA
Cumberland. % IS Mich so guar. .1o6ts 1907
e canton Nan 70 ~ " os1,r e,,.
Y Central. .1l6k III Galena. ....... e5a. 81
Eric .......... s3k $50 Toledo. 49,. los 1867
Erie preferred.Iols 1913 Rock Island. "a ssk
Gold was feverish to-day. 1t opened at 1881,
rose to 1881, fell without any apparent cause TO
1917 sold In the afternoon At $50, ISL, l51X,
1907 and closed about 1907 There was bet.
ter inquiry for bills In the morning at 1917 l6s,
which was about equivalent to gold. The Legis-
ature having passed Deans bill, Il is now lawful
for banks and bankers TO lend par on gold, and
the difficulty Of carrying IL, except to weak
operators, is thus removed. Business IL gradually
improving and the leading bankers rather look for
better market for exchange.
Money could not be easier. Every one offers
money at per cent. and II can be got In large