The New York herald., 1867-05-15
FINANCIAL AND COMMERCIAL.

though IL closed without material improvement The
bulls lean Cassus, after their long mpoverish-
men, looking hungriy on and praying for harvest
OF profits while the sbears confront them with bttor
resolution. The latter insist that the country Is passing
through . Of liquidation, and that everything
must tend downward till prices reach the antewar stan
dard, when Erie sold at g. and other stocks in proper
ton. They prophesy that the mushroom stockholders
who sprung up in Wall within the last four
years will md their occupation, like Gihelo's, gone,
and that the fall from large gains and hgn prices 70
small earnings and low quotations will have to be met
by reduced expenditures the part OF individuals AZ
present Wall street man, whether he is meeting his
contracts or making enough to live upon or not IN
dulges in many instances carriage instead OF an
omnibus to take him up and down Town, bis expecta-
tion beng that everything will como out right IN the
end-a very false system 70 60 upon The bulls on the
other hand argue that stocks selling below their real
value; that there is nothing keep them down,
and that with such an easy money market as We have
now the market s good for ten fifteen per cent
rise within the next six weeks The bulls are, unforu
naely for themselves poor church MICE while the
bears have waxed fat tho spos Of than half
year. Every dog has his day, however and the turn Of
the bulls will probably como before long although
speculation at present local in Its character that IL
rs great extent dog eat dog game Bat everything
has its uses, and there far 700 many relying
u W
most Of those concerned II their numbers thnned by
the process Of mutual determination, and some
Of those who are leading an idle and
demoralizing life take to hard work Of como kind;
for no touched the pitch which surrounds the
Stock Exchange and Gold Room without being In
respect denied by It,
Money continues In abundant supply at nvs per cent
with transactions in some instances four on govern
securities while the exceptions at six TO bor-
in inferior credit few The amount Of
mercial paper offering for discount very moderate and
best grade passes at az per cent The supply Of
oanable funds is abundant at Boston, and there
difficulty borrowing upon good coaterals At the West
The majority Of financial and mercantile men
beginning TO take hopeful view Of the future
now that the Luxemburg question has been amicably
settled and the crops promise to be abundant and after
gloom and despondency Of the last eight
| months anything may be welcomed for change for
the insuerabie OF all bores, and might add OF
| all liars 10 tho persistent bear.
At the ton O'Clock open board railway shares
| Arm. New York Central sold ok To- 81; Ere. 81,
| Hudson io2k 1os; Reading, 1888 q Michigan
| Southern, 6sx "; Cleveland and Pit,sburg, 73h
| X; Rock Island. Ss,s "; Northwestern, 354, do.
| preferred, 60sx X; Fort Wayne, S0zs.
Al the first regular board the market and
moderately active. New York Central closed 4 higher
than at the time yesterday, Erie ~. Hudson 4,
| Michigan Southern n, Cleveland aud Pi,tsburg .,
| Rock Island ", Northwestern preferred 2, Fort
Wayne X, Axiom and Terra Hauto 4, OHIO and Mississippi
| certificates ]. Pacific Mail II. Governments were
steady in tone, but coupon Gvc-twentios Of 1862 de-
cIined y, in sympathy with tho decline Of Il Il in
London to-day. North Carolina Sizes advanced u. Mis-.
souri, skies u.
At the open board at o'clock the market 6rm
at the advance, New York Central sold 9s; Erie
G41s n Hudson, lo5 lc3t4 Reading, 1031 10 81 !;
Michigan soulhcrp, 6s4 II; Cleveland aud Pittsburg.
54ss n; Rock Island, So5s Northwestern, 351s IS
do. preferred 81 6lh; Western Union Telegraph, 43<
lax.
At the half past two regular board portion Of the
advance lost, but the market steady at the
prices. New York Central closed Il Low than tho
first regular board Erie q, Cleveland and Toledo v,
Rock leland ", Ncrthw estern II, do. preferred x.
Toledo, Wabash and Western u, Milwaukee and ST. Paul
preferred 1 Ohio and Mississippi Cer,incates Is, Pacific
Mail II. Fort Wayne was u higher, Atlantic Mail 2zs
Government securities inactive and coupon fvc-
| twenties Of 1862 were y lower
At the past three opsn board the market was
steady. New yorx Central sold 97X; Eric. o. nud.
son, I02x; Reading, lo3x Michigan soathern, es1s
Cleveland and Pittsbarg, TAX n; Rock Island, s0s;
Northwestern, s5K; do preferred, cox 81; Fort
Wayne, s6H; Pacific Mail, 12sx; Western Union Tee.
graph, lsx X; Ohio and Assnsipp certificates, "A.
Subsequently there was NO material change in the
temper Of the Market and at hapast ve the following
quotations were current New York Central ok X;
Ere, esX o.; Reading, losx . 4; Hudson, l02k
X Michigan Southern, es . v; Cleveland and Pitts
burg, AJAX; Rock Island. soh . n; Fort Wayne.
sex 81; Northwestern. ASK y; do. preferred, cox
Ak; Ohio and Mississippi certificates, "A y; Western
Union Telegraph, A3hak
Government securities were steady at the close Of
business = the subjoinsd quotasons:-lssl coupon,
1llH y; d. Registered llh x; $40 coupon, 1862
100 y; do, coupon 1854, 1oSk y; do, coupon,
1895, l0eK X; do, coupon, new Issue, lo7X 1os;
10 40, coupon, ssx . y; $40 notes. nrst series.
106x q; $40 notes second series, 1o6x q; $40
notes. third series 106Z Ak.
The following officers elected yesterday repre-
the Stock Exchange for the ensuing year-Prssi-
dent John Warren; First Vice President, N. A whee-
lock; Second Vice President A. b. Dyett Treasurer d.
Q. Hays; Secretary, @. H. Brodhesd Assistant secrs-
tary John ". Munro: Roll Keeper, T. A shipman The
following committees q the time appointed:-
Executive CommIttes-A- Colvil T. King J. B. Norris;
Committee on securites-A Campbell, W. Il. Nelson,
@. r Marvin, W. Seymour, JE, @. A. FAnkhaws; Com
mitsce Reconsideration Ton Brook, =. White J. d.
Bach, W. H Dixie, B. o. White. h Leroy, Kenyon Cox;
Committee Additions 10 the stock List-A D. wil-
Hams j. N. Perkins, v. b. King A n. Cahoone, A. Il
Dyett; Committee Of Government Dspanmsnt--w. n.
Nelson, O r. Marvin, Henry clsws Edward King, A s.
Hatch.
Tho gold market has been busyant owing TO the
advance OF IN the rate for bankers bills Of exchange
on England and the decline Of nvetwentcs the Lon
don Stock Exchange The large short" Interest out
standing alse stimulated the upward tendency. The
opening price and the highess point touched
l37k. The closing ransaetious we're at the last
toned price There . brisk borrowing demand for
coin, and loans were made without interest," and At
lsl per cent par diem IN favor of the lender and at
per cent for carrying. The gross cIsarings Il the
gold Exchange bank amounted 10 SOL loa o0o and the
gold balances 70 2Ass0oo. The amount OF Treasury
gold certificates Issued aad redeemed together with the
balance outstanding the 9Th f the present month,
b thus retusnsd,-- =. f-
Lswed Redeemed O,as,ordiso
2O's...... e3s2l00 s202. 200 el2l go
loe,s...... s,2ss,eoo s7ossoo l,6ss,l0o