New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1864-11-23
TUESDAY, Nov. 22-P. N.

Gold opened at OBJ ard sold up TO 229. FROM this
Point il fell TO 2251 and closed at 22i. The deal
Sings to-day were ipmoderate amounts and TO cover
abort contracts.
Money continues in good supply at seven per cent,
and many balances are left unemployed. Stock
houses ere pressed with offers, but there is little
Inclination TO borrow money TO buy railway shares
among strong houses. Weak houses, obhgedto take
greater risks or 50 without business, are the
seadiest borrowers. For commercial paper there 10
slly moderate demand at .,G9 for best names,
and l00l2 for second rate.
Sterling bills are quoted: Bankers sixty days,
le9s 0lO92; Bankers three days, lll0-i Aer'
chants, los 0l0Ss; Francs, 5.ss 05l3i.
Gamblers in gold, stocks, and merchandise are
taking new courage from the hesitation which
marks the conduct Of tho Treasury Department. In
stead of coming promptly into the market for loans,
and taking advantage Of the gut Of money, and the
confidence created in the Government by the Presi-
aential election, the Department merely drifts npon
the old and dangerous track OF manufactured money.
The people, by Che recent election, did not recon-
mend any such policy, but the reverse. They de-
naDded more taxes and loans, and the stoppage of
The use of so much currency. For the former they
must await Congressional action, but tho two latter
can be had without delay, and should be accorded
90 them This hesitation already stimulates the en-
tire disloyal crowd in Wall.st. TO declare that the
Department in the Guture, rs in The past, has no
remedy, and will support itself upon Sea OF paper
ihe whole ending with an explosion such attend
ed Mr.. Memminger. The sooner this theory is
Hfuted by the logic Of repeated loans, interest in
h, of ba no
prices, the better for the Government and people
IN trade who do not chose 10 become mere gamblers
upon the daily fluctuations of goh.
Government stocks are all very strong, and for
1e-i0s as high as 81 was paid. The & per cents
also firm, and no large amounts could be had at quo
tatons. Should the issue of gold-beareg stochsbe
stopped judging from the present temper Of buyers
lhe entire issue would soon command very high
mates. October 1905 rose TO llao All fancy stocks
we're higher upon the street and at the Stock tx.
change, but as usual broke under sales 10 realize
psofts. Professional spectators for rise work
npon small profits, and the few outsiders who have
been tempted into the street find il uphill work to
make money. At the Second Board the market
broke, and there was general scramble to SELL cx-
cept in Governments. Erie sold down 10 93., and
old Southern at 20. after the call. 1t is wholly q
brokers' market and dangerous.
The business OF the Sub-Tressury was: Receipts,
q, SO2,255 OF; for customs, 100000; payments,
o, AGA, 938 ST. on account of Loan 81, ll0SO0 bal
ance, so, ao5, 9Il Is.
Freights are dull and unchanged; the engage.
nents TO Liverpool 100 terces Lard l2s.6d; 100
tuns Black Walnut Hs.6d.; and So tuns Tallow,
o. IT. lala ~
Oil Cake, 25s; 50 terces Beef 4s.6d. and 100 pkgs.
Butter, 25s. TO Glasgow, per steamer, 100 boxes
Bacon, 35s.; / 800 boxes Cheese and 200 packages
Butter, Sos. To Bremen, 300 barrels Shoe Pegs Of
1s9d.; 100 hogshesds Tobacco, @5s.; and 200 hogs
heads do, and 80 tuns heavy goods, los.
The directors of the Bank of Commerce, of New
York, have determined to organize that institution
under the national banking system. The bank will
commence operations with capital Of SlO,coO,0 200,
under the title of Tie National Bank of Commerce
In New-York," and the change of organization will
probably date from the Ist 81 January, 1865. The
secession Of this bank will probably be followed by
other institutions 20 keep their business The Gov.
eminent has intention Of abandoning the new
banks, but will, on the other hand, through taxa.
tion convert the State banks generally into the ma.
tional system.
Two additional National Banks are in process Of
organization in Cincinnati, to be styled the Fifth
and Sixth. The first-named is to have capital Of
half million of dollars, nearly all Of which has al
ready been subscribed.
The following National Banks we're authorized
by the Comptroller Of the Currency during the week
ending the l9th
Cory Bank. Cory. Penn. Capital 100000
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