The New York herald., 1865-05-17
FINANCIAL ANO CONNER GAL.

TUESDAY, May lo-ct n.
me stock market showed increased animation on the
street this morning. and u the board pcss were higher
A the close New York Central had advanced TX upon
Yesterdays second board price, Erie Y, Reading i%,
Hudso. River I, Michigan Southern " Illinois Central
TX Rock Island I, Fort Wayne y, Ohio and hassssppi
cer,locass n, Cumberland *, Quicksilver ~ Ceve-
land and Pittsburg was In demand and rose IN It's
stated by those who supposed 10 have authentic In
formation that dividend OF Eve per cent Will DO 10
csred on this stock month Government securities
were dull and barely steady Coupon nve twenties de-
clned u.
At the open board at one O'Clock there was general
falling on Al the second regular board the market was
heavy. New York Central was u lower than at the
nrst board, Erie q, Reading V, Hudson River TX,
Michigan Southern X, Illinois Central " Cleveland and
PttsbUrs X, Rock Island ~, Fors Wayne Y, Ohio and
xiss,ssippi certificates X, Quicksilver lK. Govern.
ment securities neglected but steady Al the open
board at half past three the market shade lower
Erie sold at 7oX New York Central ok. Hudson River
lolX, Reading o3X, Michigan Southern ok, Illinois
Central Ilo Cleveland and Pttsburg e4k, Rock Island
cox, Northwestern 27K, Fort Wayne s3K, Ohio and
Mississippi certificates 2eX, Cumberland to Quicksilver
SoA
The stock market, although languishiug this after.
noon shows signs Of temporary improvement The mo-
netary strngency which some predicted and In anti
cipation Of which the bears put out "shorts rather
freely win not be felt, although more active money
market may This will not however, be opposed
70 ease and speculative activity, will be indicated II
at ALL more by advance in the rate for loans than
anything more important Money in abundant sup
ply five per cent to-day and the transactions at six
were exceptional. The amount Of commercial paper
Offering discount small and the best grade is quoted
s6 pes cent The subscriptions TO the seventhrty
loan owing 10 the admirable machinery by which 1t is
worked, In nowise disturb the even current OF
monetary affairs at the great financial centres
Although the enormous sum OF nearly forty mil
lions subscribed by Mr. Jay Cookies agents on
Saturday last perceptble difference was observable
in consequence in tho now Of money through its
customary channels and however RAPIDLY the third aud
remaining series Of the loan amounting 70 less than two
hundred and thirty millions-may be absorbed, the result
s likely to DC the Its increase has altogether been
80 unparalleled Mr. Jay Cooke assumed the agency
that we know not which most to admire-hs skill as
practical nnancer, the patriotic enthusiasm OF the
people who respond grandy to the fiscal calls Of the
government and the United States may well pride itself
upon the great financial achievement which will make
the seven thirty loan historical
Foreign exchange remains dull but hrm Leading
drawers ask l09X ITO for their sixty days bills, but
transactions have taken place at 109% The foreign
bankers correctly assume that our importations
in the future must be very heavy compared
with what they have been during tho last six months
and that, IN addition to this the vast augmenta-
Of Eastern travel will stimulate materially the de-
msnd for bills on Europe At the time those who
know and appreciate the financial condition best are
aware that Ill afford export Of specie at the
present time The decline OF the premium has had the
effect Of checking EXPORTS for want Of a>pre6table mar
ket and Of stimulating orders for foreign merchandise
Gold, after opening Al l3lK this morning, became
heavy, and gradually receded 10 130H which yas the
quotation at Ave Speculation in the room Is quiet
and the legitimate demand 10 not sucieut to create
active market Yesterday the board commenced calling
government securities and this s 70 be continued three
times daIiy-namey at ten, twelve and three o'clock