The New York herald., 1863-05-06
ISANcIAl AND COMMERCIAL !.


4ih1 TUESDAY, May SIS p. NJ.
me vague nature OF the news from the Army Of
Potomac, and the extraordinary unwnguess
governments to permit intelligence 10 be trans
tied by telegraph, exercised an unfavorabe in
ence ON the currency to-day, and caused gold to
vance. After opening at l475. it rose to $50,
back to l4s1s, rose to l5iH, sold late in the
y at I6I, I4s1S, ISL, l50, 1909 and 1907, and
bsed at five p NJ. at about 1908. The leading
Feign bankers took an unfavorable view OF the
ws this morning, and were not anxious to sell
II. In the morning the brokers' quoted the
srket firm at les for bankers signatures; later
the day the rate was l66 a lG7. The decline in
Id yesterday operated to check the revival in
neral merchandise. Whenever gold shows
Bns Of weakness buyers hang back, and the
neral business Of the city comes to stand
pods arc, however, becoming scarce in second
Pnds and, the general consumption being active,
is period Of inaction cannot last very long q
The revival Of speculation on the Stock Ex-
hangc, and the increased inquiry for money result
g therefrom, tempted some Of the banks and
hnke NJ to make an effort TO get mp the rate Of
oney to-day. A good many loans were called in,
nd not proposed 10 be renewed under six per
ent. At the close Of bank hours, however, the
hppiy Of money at five was as large as ever. It
GEMS rather hopeless enterprise to put up the
rice Of money in the face Of the enormous dis
ursemcnts Of government and the steady manu-
hcturc Of paper money. Debt certificates were
ardiy 50 strong to-day the new issue, which are
becoming rather plentiful in our market, declined
Of one per cent.
At the opening to-day on the Stock Exchange
he market showed signs Of weakness. The policy
ursued by some Of the bankers in calling in their
bans encouraged several operators 10 take ven
nre ON the bear side, and quotations were pretty
generally marked down in consequence. At the
rst board New York Central fell "a, Erie "a, Erie
referred ~, Hudson River a, Southern old "a,
guaranteed a, Rock Island *, Pittsburg "A. To-
edo "a, Fort Wayne !, T, Terre Haute preferred ~,
Northwestern TX, Chicago and Alton 2. Harlem
was an exception 10 the market; IL was strong at
BAe board. and Immediately after the adjournment
rose q per cent Michigan Central was also
Fm, and 30 was Minnesota Copper. Governments
we're steady. In bonds there was no change
bf consequence. The Mississippi and Mis-
soari land grants were Q per cent lower
After the adjournment the market was
stronger, and at the one. p. NJ. call Of the
public board quotations advanced from Il to "a
per cent, with rather better inquiry for the
lively shares. In the afternoon the market was all
very much better. Harlem rose 2 per cent, Erie
n, Erie preferred IA, Pittsburg "a, and every
thing in proportion. Toward the close Of the
afternoon call the market became quite buoyant,
closing as though IT would be active and better
tomorrow. From this buoyancy thero was after
the commission brokers had left, at four p. NJ, a
general reaction and decline Of about n a ss
ffem the advance Of the afternoon was established
At the four p. NJ call the market was firm, with
ont activity. The following were the closing quo