The New York herald., 1865-05-25
FINANCIAL AND CONNER ciAL.
,W.DuusDAr. Nay sl-s P. n.


WEuusDAy, Nay A-s r. y
According to the ndioaslons Of yesterday the ssook
Msrket has shown increased activity to-day, and prices
have been in the ascendant The rise entirely specu
tive but the outstanding sshort interest ID 70 large
that the bulls are emboldcncd to pit their strength
against the bears and although there very h''ie Out
side influence to support them 1t quite possible that
thsy may succeed in materially advancing quotations
during the next ten days They have an easy money
market In their favor and the upward turn In
guad y not without its effect Az the hrss
board New York Central was X higher than
at ths second board yesterday, Erie X, Hudson
River ", Reading Y, Michigan Southern =, ilnos
Central l. Cleveland and Pitlsburs TX, Rock Issnd IN
Fort Wayne 1, Ohio and Mississippi certificates X, Cum
berland IK. Government securities were dull but
steady. ls -f - las s-tAs.l
After the call and At the open board at one o'clock
tho market continued 70 improve and Erie sold up TO
TAN parcel OF Hve thousand soven thirty notes sold
at 99x during the session ~ 81 a ~. "a ,a,t "a
At tho second regular board prices suffered partial
relapse Erie X higher than at the close Of the
nrst board, Reading X, Quicksilver X, Cumberland Y.
New YORK Central was Y lower. Hudson River y, Mch-
gan Southern u, Illinois Central y, Cleveland
and Pittsburg y, Rock Island q, Fort Wayne
y, Ohio and Mississippi certificates q. Govern
mont securities remained dull, but steady II
supposed
surrendern Europe would have advanced quotations Tor
ve wepties: bat we learn by the China that had little
eeo and that on the 18th inst the closing qloaton
for them on tho London stock Exchange was 63H o.
AT the open board at half-past three, coupon hvc-
twentes OF the old issue sold at 103h and the railway
List was lower IL closed rm. New York Central sold
on tho call at 9lh, Eric 73K y, Fort Wayne s3'S,
Michigan Southern cox 60, Cleveland and Pittsburg
63k Rock Island o5, Ohio and Mississippi certificates
26%, Cumberland soH, Quicksilver "a. Later, on tho
street. quotations improved, and Erie sold as
high as TAX, the whole market sympathiz'ng
with the advance The bears are divided In opinion
to the immediate future Of the market and while soc
are beginning to "cover others putting out fresh
optons Tho miscellaneous crowd OF bull operators are
moro or less irresoute because distrusfu OF their
leaders. They all like so many sheep, ready to
jump over tho one straw and the changes which their
opinions undergo every twenty-four hours or less
are marvellous They never care TO inquire INTO
the value of the property they are buying or solng
their only object being to ascertain now tho
market is going, or, in other words how parcel OF
Monoyed spectators are going to operate II so and 80
ss fall, 1t is supposed, would DO the Inevitable
consequence while the very who stand In fear
of him have real knowledge, and cannot have, OF his
movements and it often happens that when SO and SO
is supposed to be selling buying and vce vesa, or
constitute monster of ignorance vaciliaon and idle
ness They operate iu the dark and make
money only by dent and their leaders little bet
That the railway securities OF the country shod be
dependent for their market value upon such fraternity
is to be regretted.
Gold has been strong and moderately active, tho ten
dency Of the premium being decidedly upward Dotwith
standing the fact that speculation is mainly in favor OF
fall Popular sentiment, however, cannot long control
tho prco Of commodity which is scarce and for which
the demand Is imperative. Gold, from being unrsason-
ably high has fallen to lower point than the condition
of the public finances warranted, and as
natural consequence the legitimate demand forces
higher Such is the condition of the produce markets
hero and In Europe that at the present price Of gold
there is little nduocment to ship anything; and
honoe while exports slackcning our imports are
increasing and the rsopening OF the Southern ports will
tend make this feature Of trade more decded for
the South yawnng for supplies and has, probably far
less TO give than viii Gold opened a. 1927 and
rose steadily 1884, after which dropped or to 1882,
but subsequently, l36 and ut five p NJ stood at
1Ax
Foreign exchange has been active and very nrm and
buyers who have been holding back for lower prices
beg inning TO into tho market Bankers ask ITO a
for their sixty day bills, and 1I0k at short sight
Ono result Of tho Right exporatons extreme scarcity
OF commercial bills which forces drawers into the gold
market The latter quoted at 109a y.
Tho supply Of money continues abundant at o
DER cent for loans at CALI The demand is limited,
and q more active market would conduce to n
healthier circulation. The Treasury is nsuring pro-
ionged case in order 10 facilitate subscriptions to ths
seven thirty loan, and prevent decline in It's gold
bearing securities In the face Of their low price abroad
Tho discount line Is inactive, and first class commercial
paper Is rated at per cent The banks we'll as
private lenders have however, been critical of Of
ste and they rule, prefer investing their capital In
the form OF call loans
Tho Boston to-day took two hundred and nfH
thousand dollars Specie and about million and half
Is reported for Saturdays steamers
The rebel loan quoted in London at IL IA @ the
18th inst fact which shows that there some par
ties interested in whose tenacity Of opinion s such
that they cannot realize that the end OF tho rebellion
has really The OF the capture of JeG Davis
vil however, be q ''settler' foe them.