The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1863-06-01
The following table shows the course Of the stock
.et for the past week and month:

Rock Island....... oeK oeA l04K 1917 lo2
Fsns@a 1s s 1ss 1ss 1ss
buss1 ssK 1897 1880 49, 49,
The stock market last week was feverish and
hesitatng for the first four days of the week, but
frmer and more buoyant on Friday and Saturday.
The rumors of the fall Of vicksburg, which were
circulated under the auspices Of the War Depart
ment week since, led to marked decline in gold,
and stocks naturally sympathized to q greater or
less extent Practically the fall of vicksburg
could only legitimately influence the stock market
in one of two ways. II It involved the collapse Of
the rebellion it would imply cessation Of paper
issues, return to specie payments, and conse.
quently collapse in those stocks which have been
inflated by paper currency. II, again, without in
volving the collapse Of the rebellion. II secured
the reopening of the Mississippi river to
peaceful trade. it would menace the East and
West trunk railroads with'a withdrawal Of that
business which was forced upon them by the clos.
ing of the Mississippi. 1t ia not believed however,
in mercantile circles, that the fall of vicksburg
would involve the collapse Of the rebellion; nor
does any merchant expect that, so long AZ the
rebels maintain an organized resistance to our
government, it will be safe to send goods down
the Mississippi, even if our government were will
ing to grant permits to trade. Notwithstanding,
therefore, the lively anticipationsof operators on
the Stock Exchange, it is hardly hoped, among
produce and merchandise dealers, that the fall of
vicksburg will restore to the Mississippi valley
the trade of which the rebellion robbed that inte-
resting section of country. The movement
in stocks last week was irregular. The old
favorites--New York Central, Michigan Central,
Illinois Central. Harlem and Harlem preferred
guaranteed, Galena, Toledo and Rock 1sland-are
SO high that they less tempting than they were
to bull spectators. There is more margin for a
rise-in the opinion Of operators-in stocks which
have not risen to premium. The friends of Erie
and Pittsburg consider them more intrinsically
valuable than any of their high priced competitors
to public favor; and both at present seem to be
earning as much money as stocks which command
10 a 20 per cent higher prices. A movement is
understood to have been lately organized in
Southern old, on what basis no one can yet tell.
But as the company has no floating debt, and the
sinking fund is full, it is privately whispered
that operators may possibly be taken aback by
five per cent dividend in July on both classes
of stock. Among State stocks Missouris
are the favorites of the day. If measure Of i'm
mediate or early emancipation be adopted by the
June Convention Missouri will get the lions share
Of the enormous immigration which is now pour
ing into the country, and before the fall her bonds
will command par. There is pretty general will.
ingness to buy them at present prices. Tennes.
sees are neglected for obvious reasons, and South
ern bonds generally are hard of sale. Northern
State bonds are out of the market all being held
at a substantial premium.
Within the past day or two several new stocks
have been put upon the market. The stock of the
Milwaukee and st. Paul road (the western division
Of the old La Crosse) ia being issued; the final set
Element Of the long litigation will probably take
place within week. We notice sales Of Ohio and
Mississippi trust certificates at 81. This is the
famous six foot gauge road from Cincinnati
to st. Louis, Of which General Mcclellan
was superintendent for many years. After
q long period Of embarrassment the pro.
perty has at last emerged from its difficulties
and has been successfully reorganized. The total
debt and preferred stock amount to So $50 900, on
which the annual interest is 1852 500. The road
earned last year 81 122 $50. During the first four
months of 1863 the gross earnings were $524,O00
increase Of 500, 900 last year. II is hence
expected that the gross earnings for the year
1853 will not be less than 81 6Oo,O 900, which would
IeuVe u uiVlueHu IOr tHe COumou BLUM puy-
ing interest and expenses. In January next the
Atlantic and Great Western will be completed to
Cincinnati, and the Ohio and Mississippi will then
form part of the grea. six foot line to the West,
and with probably have as much business as 1t
can transact. .t
The aggregate imports Of merchandise ut this
port last week, exclusive of dry goods, were
80 ,Ol2,os2; the exports Of specie were only
$3.50 900. "a.
An advertisement in another column records the
retirement from business Of Mr.. A. G. Jerome; for
thirty years past prominent broker and jobber,
and for year or more the heaviest operator in
the street. He retires with an ample fortune,
leaving the business to his son and Others who,
with capital of 100000, will be known as Je.
rome, Kellogg Il Co.
CITY COMMERCIAL REPORT.
SATURDAY, May 3o-6 P. N. /.
Asnxssalos were made OF 20 bbs pots at Sc. as1sc.
pa,rl. ,era unch,rocd Stock of kinds to-dav Ar