New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1865-05-27


Gold opened at 1913 and was quite active. Al
noon the quotation was 1861, closing at 1861, the
extremes of the day being 1873 and 1861. Late in the
day it was known that the shipment would be much
smaller than anticipated, and the market closed
heavy.
Government stocks continue fir1n and there is no
disposition to sell them by leading dealers Rail-
way mortgages are neglected. Bank shares are
steady and can only be had in small parcels Rail-
way shares we're lower at the Board with small
business SO dull market is hardly within the
memory Of brokers. Through ali this stsgnation
Government holders are confident that current
earnings will yield full average dividends, and do
not sell. Spectators for rise are cautious, but
there Ia a growing disposition TO buy, and quite
moderate purchases would put the market up ma
terially. The registered sales at the board were:
Bonds at ar..,..:....--...--.'..... $780, ~, so
9Gj5 shares equal at par.-...--..-. eOocu
Total. .-...---.-.-...-sl,oia"e
The miscellaneous shares were firm: Canton 3Gt
03t3; Atlantic Mail was higher, selling at 1861 On
advance of ca per cent At the Public Board prices
were barely maintained but there was pressure
to sell anything. At the Second Board prices were
lover but improved in the street, and the market
closed steady with a fair demand for stock. The
closing quotations were: New.YOrk Central S9i;
Eric 72l; Michigan Central 1891; Rock Island
94l; Fort Wayne 49, The earnings of tho roads
continuing largely in excess of last year, and the
bears beginning to get tired Of attempting deprcss
the stocks of dividend paying shares that have the
confidence of the public, many OF these shares have
been absorbed, and at the present time II Ia almost
impossible to borrow Rock Island, Fort Wayne,
Michigan Central or Illinois Central. The two last
named are almost entirely ont Of the street az spec
ulating stocks, and are held az firmly as Camden
and AInboy or New-Jersey Central.
Money is abundant among brokers, and parties
unwilling to accept per cent for their balances are
neglected by borrowers. The payment Of the army
Will add largely to the supply of capital seeking
temporary use, and that Is to be the only way in
which money can be employed for some time. The
Government is ready with Is, 900, 900 to pay the
army and the most of it will be put in active
ation: first In payments 70 retail traders, by whom
it will soon be returned to the commercial centers,
paying in it's passage wide circle of debts Trade
and travel throughout the North and West cannot
fail to be active under the use by the families OF
soldiers Of this large accumulation OF arrears and
currency must be abundant. After the army pay
nents are made the amount of circulating money
in the country will be greater than at any time dur
ing the Rebellion, and low rates must be taken for
its use fol awhile.
Exchange is in less demand. but quotations are
freely maintained. Bankers Sterling, 60 days,
no. Bankers Sterling, days, llOi; Commercial,
1903 1901; Francs, long date 5.l2i; Francs, short
date, $40.
Freights are dull. The engagements to Liverpool
arc 25 hhds. Tallow at S., and to London, per
steamer 500 bbls. Pork at Is. I'd. To Glasgow, 80
ties. Beef at IS.
The business Of tho Sub-Tressury was Re-
ceipts, 1882, 1907 4l-for Customs, $2l3Oooi Pay
ments, 81, 343, $40 2lon account Of LOAF, 600;
Balance, 46,95G,2o7 50.
At Cincinnati, money is reported easier. The
Commercial says:
Exchange las become trine plenty. but not
sufficiently 40 as TO enable dealers TO accumulate much
10 their Eastern accounts. even though Toe. per
thousand premium has been steadily paid. The money
srl. slo n QroateY