The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1863-01-22
FINANCIAL AND COMMERCIAL.
WEDNESDAY. Jan. 2l--6 p. M.

WEDNESDAY, Jan. 2l--6 +. M.
The indefinite paragraph in this mornings
HERALD respecting news from the Army of the
Potomac created some uneasiness in financial cir.
Giles, and rather increased the desire of capitalists
to invest their money in property which military
or political disaster could injure. Money is with.
out change. The bankers in the street lend all
the money they have at per cent. Some of the
minor spectators experience difficulty in borrow
ing at Z; but houses in good standing are amply
supplied. Mercantile paper continues to sell at
GH. Debt certificates are selling at 95h.
Gold opened this morning at LAB, sold up to
l4sL on buyers option, fell back to l471I. sold In
the afternoon at 148. and closed that bid. The
volume Of speculation in gold is less than it was.
and the belief in another early jump in the pre-.
MUM is not general, unless, indeed. our armies
should meet with fresh disasters. Exchange ID
quoted at l63 1887, with light business.
The stock market continues active and buoyant.
As fast rs one set of spectators sell to realize
profits another set take their place, and prices
advance still higher large proportion of the
heavy street operators sold out time since, in
the hope of q reaction; but it has never come and
the sellers cannot now replace their stocks except
at a smart advance over the figures at which they
Sold People Of all classes and in every section Of tho
country are buying dividend paying stocks, in order
to be sure Of having some tangible property left,
in the event of collapse of the national finances;
and 1t is pretty safe to say that in o very short
while no reliable dividend paying security viii sell
below par. Even such stocks as Harlem old and Har-
lem preferred-whose value is indefinite, uncertain
and dimly distant-advance two or three per cent
day. The business of the Stock Exchange has
increased so rapidly that there are not brokers
enough to transact it. Several leading houses are
"flled up" that is to say, are carrying as many
stocks as their capital will allow decline further
orders to buy. Some Of these houses have been
netting from 81 900 to 900 day in commissions.
At the morning board to-dayt the principal advance
was in Harlem old, which rose "a; Harlem prefer.
red, which rose TX and Southern DID, which rose 1.
Everything, however, was higher. Erie rose Il.
Erie preferred 1, Galena l, Rock Island u.
guaranteed a, Michigan Central a, Hud.
son u. There was . large business done
in Terre Haute and Alton bonds and
stocks at an advance over yesterdays price
Cumberland improved II per cent. Governments
were hardly as strong the uncertainties of the
day deter capitalists from investing in them. not
withstanding their excellence. The whole bond
list was very firm. At the public board. at one
p. NJ, the market was quite firm and strong on
Erie the HAriems, Odlena ana ROCK lSlanu. AT
the second board (closed) the market was all
higher and some stocks were quite rampant. Erie
sold at 500, and that was bid at the close. At
the four P. M. session Of the public board tho
market became extremely active and rampant.
Erie rose per cent, Erie preferred a. New York
Central l, Harlem and Harlem preferred 2 each.
Fort Wayne 3, and other stocks in proportion. The
market has never been more exciting. The fol-
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