The New York herald., 1865-05-27
FINANCIAL AND CONNER ciAL.

FRIDAY, May B-6r NJ
There has been less excitement In the gold room than
there yesterday and the opening quotation LIS u,
was not sustained The price dropped gradually 70
1854 and then reacted to I3sx Al i've r. H. u stood
at l36k ~ The bears put out . considerable
short" interest during the day. but the market was
nrm under It. The natural rise was 700 much assisted
by speculation not bs followed by some reaction but
in the existing condition of our ioTegn trade there Is
mot much room for fall.
The stock market dull at tho first board, and
speculation seemed to be a, standstilL Quotations
were lower throughout the list compared with yester
days second board. In New York Central the decline
was TX, Erie l5s Reading ~, Michigan Southern TX,
Cleveland and Pittsburg r. Rock Island u, Fort Wayne
y, Cumberland Coal lx. Government securities we're
quiet but steady. Coupon Eve twenes sold at lo3x
u, new issue 1885, ten-forties OAK as6.
Al the open board at one o'clock the market was
without change. AZ the second regular board II was
heavy, and quotations were fraction lower New York
Central declined from the closing price at the first
board, Erie ", Hudson River y, Reading x, Michigan
Southern u, Cleveland aud Pttsburg y, Rock Island
IN Ohio and Mississippi certificates Y, Cumberland
1k Government securities sympathised with the gene
raj market. Coupon nve-twenties declined Is u, new
issue 4, ten-forties T. Later In the afternoon prices
improved, and Erie sold up to TAX at Eve p. M.
At the second open board New York Central sold at
S9x, Erie 72x Reading 92,s, Hudson River s7s Mchi-
gan Southern b8x, Cleveland and Pttsburg 81 Fort
Wayne 93I, Cumberland 3sK.
The aspect the not very uraging for
operators for rise, although the sigrs Wednesday
were in their favor. There s little disposition to
operate either among brokers outside pares and the
natural tendency Of this condition Of the market is towards
depression Of prices At the time there is very
steady feeling In the street, and considers
BILE decline Is likely to take place at present
The depression will probably be followed by Increased
tvity and partial complete recovery next week But
thore Is at the same time prospect Of noteworthy
speculative period Tho market will remain almost
trey under the control Of brokers' who will put II up
and down 10 suits their interest Although the real
vase of stocks Is not truly represented by their price
the Stock Exchange there apprehension felt just
that the future earnings Of the railroads. especially
the Western ones, will show decline in consequence Of
the reduction Of traffic and the competition going forward
which them make special rates in many cases
and that this will be likely TO influence prices in Wall
street There also fear that there will be greater
activity in the money market during the few days.
arising from Treasury drafts upon Jay Cookies agents.
The unusually large balance OF nearly and half
millions in the Treasury In this city has reduced the
surplus Of money in the open market and the Treasury
Is in want Of funds to pay the army with None OF
the amount In the Sub.Treasury 10 available for
this purpose, IL is already apportioned TO
the credit Of disburing officers, who are, however,
seemingly very diatory In the OF their func
tons There Is possibility Of striugency, however
even II the demand much more active than il L.
To-day there has been but limited inquiry for money,
and call loans have besn made freely six per cent
Exceptional transactions quoted at both tive and
seven. The discount line continues Inactive at .
for first class commercial paper and a for tho
middle grade.
Foreign exchange has been frm at ITO for bankers
sterling at sixty days, and 1lOx at short sight There
are commercial bills Offering The sharp rise in gold
had the eect'of making parties who intended 10
remit by to.morTows defer their reittspccs
Bankers also who holders Of coin entered the
ket as sellers, trusting 70 buy in again at lower figures
The following table shows highest price gold
reached during each month since the suspension and
the value Of the currency dollar the different stages Of
denraciatian.