The New York herald., 1865-05-20
FINANCIAL AND COMMERCIAL

FRIDAY May lv-o 4. NJ
The market nrm the street this morning,
but at the 1rst board dull almost to sagnaiion,
and prices had therefore, sinking tendency AT the
first board New York Central closed u higher than at
yesterdays second board, Erie Il, Reading l, Hudson
River u, Michigan Southern Il, Cleveland and Pitts
burg q, Fort Wayne 70, Quicksilver Ia. Rock
Island 4 lower Ohio and Mississippi certificates
"a and Northwestern r. Government securities
were heavy and neglected. Coupon fvc-twenties
declined h At the open board at O'Clock the mar
ket fraction lower the speculative feeling being
exceedingly tame. Al tho second regular board it was
without Improvement AT the close New York Central
"a lower than at the rst board, Erie ~ Hudson
River Y, Reading u, Michigan Southern u, Cleveland
and,pitsburg 4, Fort Wayne a. Quicksilver T. Rock
Island and Ohio and Mississippi certificates were
s,oady. Government securities were hrmer. Coupon
nve-twentcs advanced y. At the open board at
half three the market lacked spirit and quotations
declined. Eric sold at 70H 4; New York Central,
89K u; Hudson River 99Z Michigan Southern, e0k;
Reading, o2x; Cleveland and Pittsburg 63k Rock
Island oess Fort Wayne, 90; Cumberland, S7,<; Quick
silver, 81.
Tho stock market has but little animation and tmid
operators are either disposed to sell out or indis-
posed to buy. The prevailing depression has made
some bear" converts, but, considering the easy
condition OF the money market II is somewhat
surprising that there Is 80 little speculation
Loans have been made freely at per cent on call
to-day but the transactions ut wcre perhaps, more
numerous than yesterday Commercial paper Of the
best grado is in limited supply, aud is still quoted at
IA 8 per cent; other grades ut sa1O per cent The
number Of outside spcculntors the stock market is
small and therefore IL is practically what Is called IA
brokers Market in which tho latter prey upon
each o.,,cr But, nevertheless, would not DO
unreasonable TO expect some reaction from
the recent depression IL II does not take place II may
be accepted sign Of hopeossncss on the part OF the
bull leaders II will be encouraging sign for railroad
companies however when their stocks cease to be regu
lated price by the manpulators Of Wall street; and it
is not unlikely that In very few years
hence tho railway stocks Of tho country will
have been bought up for Investment, 80 that
speculation in them will DO confined within narrow
limits II Is notorious thas the best managed and high
et priced roads are those whose stocks out Of Wall
street, for speculative fluctuations expose directors and
other officials 10 endless corruption and mknanagcment
The gold market was armcr to-day than at any time
during the week, owing TO demand for export The
opening quotation 1901, from which rose TO lal,
and closed at five p. NJ at 13okah.
Foreign exchange is firm, bN buyers continued 10
hold back Bankors ask 10oK ITO for their sixty day
bills and transactions are recorded at 1o9x K The
prcponderancc Of imports exports and the prospect
continuance and increase Of this feature of our
trade arc calculated keep rates firm. The exports
from this port for the week ending May we're valued
| a only 1870 3O2. and for the succeeding week Of
81 i57 15l The imports, on the Other hand, for the
week ending May valued in gold at "a TO s3l
and for that ending May Is al s2ale,3ss Merchants,
| bills arc scarce and quoted q, 1854 109h
An Interesting dispute is going forward among the
members OF the regular Stock Exchange to whether
those Of their number who also members OF tho Gold
Room ought TO be allowed 10 buy and sell govcrumcnt Sc
curtcs In The latter These called three times day
there but ye, the transactions have not been very
considerable owing to the opposition OF The regular deal
In Wall street II argued by the support 70 OF the
Gold Poom narle, thar as the cahs In u do moi
occur simultaneously with those in tho stock beard
therefore they DO not conlict and that tho STOCK