The New York herald., 1865-06-22
FINANCIAL AND COMMERCIAL.

"WEDNESDAY, June 21-6 P. NJ
There was marked recovery Of prices on the Stock
Exchange to day. and the market sympathized actively
with the rise In gold At the first board the volume OF
business was very light but Notwithstanding, New YORK
Central was =, higher the second board yester
cay. Erie az, Michigan Southern y, Cleveland and
pittsburg v Rock Island IL, Reading 4. Government
securities were very dull but steady. Coupon hve-
twentes sold 103 At the open board at o'clock
there was fractional recession from the first board
prices Erie excepted AT the second regular board the
market was slightly better Gold advanced ~ Michigan
Southern a. Rock Island u Cleveland and Pitts
burg H Government securities steady.
Skies of 1881 sold at ITO u, coupon nvetwentes, new
and old ISSUE I03k y. At the open board at half
past three O'Clock the market frm New York
Central sold at e2H, Erie 75K, Hudson River Is 81
109H, Reading 93zs, Michigan Central 113A, Michigan
Southern 62Z Cleveland and Pttsburg 65H, Rock
Island 97sl Illinois Central 122 Ohio and Mississippi
certificates "a Afterwards the street, the market
shade lower At half past four Erie was quoted at
75K, New York Central 92H Hudson River 1osH,
Cleveland and Pittsburg 65l, Michigan Southern e2S
Rock Island 69Z.
There is a confident feeling for rise IN the
street than has been during the last few days. and
operations based accordingly.
The gold market has been stronger to-day than since
the beginning OF the The opening quotation was
I4OH which 1t declined fraction, and then rose
steadily to 142H-the closing price at half-past i've
O'Clock p. NJ. The variations were:-
1880 A. M..........I4oh s:SoP @ M..........'M5dH
IL Z:0O d. ...'.......!4l o'oo + M'..'.'''''''As@'s
1:3O r Nj. ..l4Oz
Cash gold has been unusually day, and has
been generally lent eighth Of per cent per day
This indicates in degree the extent Of the out
standing short" interest 1t is reported that there was
shipment Of specie by the Boston steamer today /;
but the City of Glasgow from this port for Liverpool,
took out $63,000.
The money market is very easy at s per cent on
CALL Notwithstanding that eight Of the additional ten
millions of Clearing House certificates have been already
subscribed for that preparations for taking the
manning two millions are already made. The rates for
commercial paper unchanged, 6I per cent being
the scope Of the Certificates Of indebtedness
which carry per in currency offered
at 9S a. without any active demand. The prevailing
ease likely continue, and the tendency Of prices will
be upward There is some apprehension that the pay
of the July interest the skies Of 1881 and other
securities will depress gold and far affect other secu
rities but, fguratvely speaking it will be drop In the
bucket in influencing the course Of gold
The supply in the entire country s altogether too
small prevent the market from preserving directly
upward tendency. Those who preach that greenbacks
better than gold may continue to preach, but they
may affect the temporary Of prices; and that in
any will be but tte The imports at this port from
the 1s of July 1854 to the end Of May, 1885, only
$3.50 9 against s26. 59a 1872 for the corresponding
period in 1868. The increase therefore, amounts to
SOS, ,32l 231 It is supposed by many that cotton
will be shipped from New Orleans and other
ports in sufficient quantity to turn the exchanges
In favor but this expectation IL not only likely but
almost certain TO be disappointed Our imports will in
largely and exports will merely increase in
innnitessma degree. Excepting the trinng cotton
crop the present year in Texas and elsewhere upon
which only have to depend for the next fifteen
months calculate upon largely increased ex
ports
Mr. f. H. Birdsall has succeeded Mr.. Russell cashier
OF the Sub Treasury in this city Mr. Brdsall has been
hitherto for many years at the head Of the Receiving
Department
The business at the ub-Treasury to-day fol-