The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-05-21
FINANCIAL AND coMMERoi

. sASgssAv. Nay se--sH Y
IL seok marass ~ Depressed last night ~ -
sttask dp5S Erie, under which fsli 70 ssx bal ~
ssoa b up BY NE opposite party 70 7ok THIS morning
Il steady, but inactive Erie was pr osas higher
= the close OF The sst board than ~ yesterdays second
xudssa River Il, FOH wayne y, Cumberland 4.
RssdiAg IVES y lower, New York Central ~ Michigan
southern u, Rock Island y. Quicksilver y The rest OF
the list w1s without change. 0ovcromsus securities
were neglected Coupon ave-twsnsies quoted ~
advance.
Al the open board n ono O'Clock the market lower
Kre sold AZ sQx 7ok Reading s2X, New York Csa-
tra sex, Michigan Southern cox, Cleveland and Pitts
burg o3,l Rock Island %, Northwestern ak, Quick
oliver g. Fort Wayne %. Cumberland 81 Syx. Later
on tho street. prices rallied aud Erie cold ct H. The
market showed 6rmer tendency, bat there was very
little speculative activity. The general belief favors
partial recovery Of prices dursg the nrss few days q
aext week. Notwithstanding the shipment OF tho un.
usually large Of 81 900 by the steamers which
sailed to-day, making total shipment for the week OF
eSo44, 2ss the gold market was rather heavy. The
opening price lsl Ak. followed by . decline 70
Isok. The quotation ~ rive p. NJ was 1907.
Foreign exchange Was frm, but she transactions
uuimportant Bankers ask 1927 ITO for their sixty
days bills and produce bills which quoted n 100 ,
continue extremely scaroA OF the specie shipped To-
day the Etna took eo62,000, the America
s76s ooo the Erin $2s50o0 the City Of Dublin $4,000
and the Corsica ga O0o Such export In the times
when the gold speculators held high carnival
ovoe the varying fortunes Of the war would have nau
enced the premium materially; but now that the rebel
ZION IL rapidly resolving itself into thing Of history and
that people have rushed from want Of confidence in
the credit Of the TO the opposite extreme Of
uubundsd confidence in spectators have deserted tho
gambling arena great extent and the daily nuctua
lions have been narrowed into fractional dimensions Tho
legitimate demand for coin and hencerorward
alouo rise In tho PREMIUM but It b easy to see
that the export OF specie TO Europe continues long OF
tho present that It must compel advance by max
ing gold In the open Market as well IS diminish
ing supply upon which have 20 rely for the means
OF resumng specie payments at some future day. The
import trade the ucresse-the gold value Of tho
imports this port for the week ending May 10 being
g. So4 sSs against So 31e 4sS for the previous week
The exports valued at considerably less than half Of
this ia currency.
Tue money market has shown great to-day, and
the supply OF capital Offering Ia the increase. Tho
Is six per cent but transactions ct Eve are
yearly as numerous Those lenders who trcd the ex-
pertinent OF raising the rate on outstanding loans TO
seven per cent had them promptly returned Tho con.
victon that the money market will not bo exposed 10 the
contingency Of srngeucy has become settled and
general aud the bull operators tho Stock Exchange
deduos from this argument 10 their own favor Tho
discount line 10 inactive, aud the rate for the best
grado Of commercial paper is still per cont
The greatly reduced subscriptions 70 the seventhrty
loan occasion incoavsnisnos 70 tho Treasury, Is
ahundantly supplied with money from the heavy sub
.oriptions which made during tho month prior to
the third series of the loan being placed upon the
ket.
There was further sale Of Ave thousand bales OF tho
savannsh cotton to-day This bidding actiyc, and
tho lasted less than half hour Tho prices rea-
liked varied from sc TO 4skc. per pound In gold the
Fixed for which by Mr. Stewart the Sub Treasurer,
was 1907.
The imporations Of dry goods at this port during the
week ending May II compare follows with those Of
th. previous ~~~s
Week ending Week ending