The New York herald., 1865-04-11

o.,,,.,,vs seebng In the gold very
tame and during tie afternoon eois'eiAD'e sp' u
tmo was devoted by the members 10 speech iiaAinS'
hurrahue singing and other inciuents pro eedngs o
. Nte inbIlant character The speak Is profess the
,n,ors Iovalty, and their extreme delight over
v.csnt a, ents sounded rather odd ro r'en VA" en-
,n.orod cold to 2,5 in June last, and who recently
o. q down suddenly in the reasonable expecta on that
!, ud react Az suddenly if Grant failed to take Rich
mond and that they would be thereby enab'ed 10 make
by the rise as well as the fall irf
The stock market heavy on the street this morn
ing hut at the rs session OF the board 1t became nrm.
with an adyal lcng tendency Al the close Hudson RIVER
was higher than at open board Saturday, Illinois
Central Il Michigan Southern 2, Cleveland md Pittsburg
\, Rock Island "a, Fort Wayne 2 Norhwesorn2 2, Crm
berland Il. Erie Il lower New York Central ~,
reading ~. Government securities were Grm.
After the call market became stronger and at the
open beard at o'clock prices were So per cent
higher At the second regular board the upward
ment continued and Erie was ~ higher than 1t the
close Of the FIRST board Now York CcntrIl 6A, Hudson
River 5A, Reading 4x, Illinois Central 81,
Michigan Central 9, Mich gan Southern 2T, Rock
Island ln Fort Wayne u, Cleveland and
Pittsburg AZ, Northwestern 1A, Cumberland 8
Government securities strong. Coupon SKIES Of
1881 advanced u, hve-twcnties Il, ten fortes u. At
the open board past three there tract onal
decline Of prices. tv y
The marxeti is decidedly in tho ascendant and specu-
lation Is conducted as indep ndently Of tho price
Of gold as it was during the bull carnival Of last
spring. The abundant supply Of money Is equally
potential with the large 'short" interest In giving
strength 70 the 'buls,'' who move heavy stocks
with the case and celebrity which distinguished the pip
ing times referred to- just prior to the great Chase panic
There presp all the speculative tailors barmen
and dlsrs about town finding their way TO Wall street
with margin money very soon for the market ID in a
fever the contagion Of which spreads rapidly 'The
the merrier" say the bulls but the bears utter
maledictons and threaten vengeance.
The general rate for loans call is six per cent with
except onal transactions in governments at ve. Com
mercal papr Of tho best quality quoted at eight and
ten per cent The statement Of the ASSOCIATED banks
shows decrease of than three hundred thousand
dollars in loans hundred and fifteen Thousand in cir.
cuation, and nearly FIVE hundred and thirty thou
sand in specie It. however shows increase Of nearly
million and half in deposits and three and half mil
lions in legal tender notes But the latter attributable
TO the subscriptions to the thirty loan through the
national banks the list II is this feature OF the state
ment which makes almost without value as criterion
of the business OF the city.
Foreign exchange is dull but steady. Leading draw
look forward to return Of Illinois Central and Erie
shares from Europe well as fve-twenties of VIII ch
also argue that the low price OF gold will greatly reduce
not suspend shipments OF gold from Cal fornia while
exports Of specie will revive, owing to increased i'm
ports and corresponding Of exports the
markets being very santly supplied with foreign
merchandise. FC Il is an exploded theory that
Q preponderance of imports over exports ID
against tie commercial interests Of nation; for we
have long Witnessed In the OF Great Britain
posite state Of things, and her al prosperity
greater than s to day, when her excess OF
imports exp high a. 1t e'er was Bankers'
sterling at sixty days IL ofercd at 100 ~ and ITO
at thirty days. but these figures not fully sustained
by buyers who holding back In anticipation Of
lower quotations consequent upon possible removal Of
the embargo upon the Southern ports within q short
time This ID, however, . contingency too remote IA
sntcr largely into present calculaons Meanwhile thers
will be increasing demand for foreign products In the
empty markets Of the Southern country In posses
sion and this absorption will Of stimulate imports
D. corresponding extent
The produce and merchandise markets wero dull and
lower to day and In the former after tho adjournment
patriotic speeches and solutions were maoe and passed.
The following figures compare tho Last weekly state
mcnt OF the New York Associated Banks with the
turns Of the previous week -