The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1863-06-24
FINANCIAL AND COMMERCIAL.
TUESDAY, June 23-6P. M

TUESDAY, June 23-6 p. M.
The difficulty in the money market is over. This
morning there was no inquiry to speak Of at the
banking houses, and at two p. M. the brokers were
all trying to lend money, and quite anxious to
carry stocks. People who have found it difficult
to get their securities carried need feel no further
apprehension on this score at present. The change
in the money market is mainly due to the copious
influx of money from the country, which has set in
since the rate Of interest rose to per cent. Mer-
camille paper sells at s a 8 per cent.
Gold continues inanimate. It sold % high this
morning as l43H and as low as 49, in the after
noon at l43H and "a. Exchange was hard Of sale
at l56 Il, and very good bills were done at
1851 1t is in great part the apprehension Of
the fall of Vicksburg and Port Hudson which ope-
rates against the price Of gold and prevents it
rising, in spite Of the unfavorabe rumors from
Baltimore and the thousand and one stories
Of disaster which are ventilated by the copper
heads of the street. Foreigners have not lost
their faith in specie, and buy and hold 1t with
seeming confidence that they will ultimately
realize Q good profit
The stock market was all better this morning,
and there was an increase of speculation and in
vestment business. The speculative fever has
been 30 generally aroused that, though Q tight
money market some other adverse influence
may check its operation for a time, it is sure to
break out afresh on the first opportunity. So
many people have made money in stocks that
every one expects that he can do the same. pro-
vided only he can ascertain what and when TO buy.
This morning the chief excitement was on Hudson
River, Erie and Harlem. Hudson rose per cent,
Harlem TX and Erie TX. Many rumors are cur
rent about the cause Of the rise in Hudson; it is
supposed to have been largely oversod but, after
ALL the condition Of the property and the prospect
Of quarterly dividends may account for . pretty
fair inquiry for the stock. A new movement in
Harlem is said to be on the taps, by the same par
ties who carried il to lis some time since. At the
morning board New York Central rose ! Michigan
Central ~, Rock Island ~ Southern old TX
guaranteed ~, Illinois "a, Pittsburg Q, Toledo A.
Prairie du Chen TX, Fort Wayne ~. Bonds
were generally better the Mississippi and Mis-
souri, land grants rose per cent. Missouri 6's
were steady. Governments were firm, the cou.
pons selling at 8 per cent above the registered
stock. The advance in coupon skies ia mainly
due to foreign inquiry for them which has lately
| sprung up every steamer now takes parcels Of
| them to Europe. After the board the market was
| steady and firm on Hudson. At the one p. M.
| call everything was very firm, and prices gene
| rally were fraction better than at the board:
| At the second board the market was very strong
indeed. Hudson rose 21I, Harlem l. Erie "a, and
| 80 on throughout the list The market looked,
especially on Harlem and Erie, as though we were
| going to have another lively speculative burst.
| At the four p. NJ. board the market was not SO
strong; there was less disposition to buy, and at
the close the market was tame The following
| were the closing quotations OF the day.