The New York herald., 1864-12-13

closing sales, as compared with those Of Saturday,
showed the following variationsErie declined u, New
York Central a. Readng q, Chicago and North western
Il Marposa y. Michigan Southern, Illinois Central and
Cumberland Coal steady. Hudson River advanced
n, Cleveland and Pittsburg y, Rock island q, Fort
Wayne u, Quicksilver So.
Government securities were in active demand at an
advance. Coupon 6ve-tweniies improved Ia, new
issue ~ coupon SKIS OF 1851 Ia, coupon tenforties
lax. One wear certificates were steady at e77S.
Railroad bonds du.l, and State and bank stocks
neglected.
Al the open board al O'Clock the market was
higher and at the second regular board II steady
As compared with the morning sales Erie advanced ,s
Reading u, Rock Island ~ Fort Wayne /, Hudson River
}. Government securities were firm.
AT the open board at baipast three the market
tpued steady, notw Outstanding The heavness in gold.
Money is easy al seven per cent on cal, with excep
tona loans governments 10 large amounts at six The
discount line Inactive at J. 10 per cent for nrst class
commercial paper, the supply Of which is small.
The statement OF tho associated banks for the week
shows some changes consequent upon the payments
account Of the last nvetwenty twenty million
loan. And this reminds that the SubIreRsurer New
York has not yet explained how 1t that the specua
tive national banker, OF Excha auge Place. received mil
lions OF dclars worth Of bends in OF the twenty
i've millions originally awarded in the official statement
There are mary arguments 70 be adduced against the
Sab Treasury system. and II this little piece OF avors
Ism had it's origin 10 New York, fresh argument Is
added. although. OF course, merely local one. Mr.
Stewart wll do well TO state why that the Fourth
National Bank Of which the speculative banker pres!.
dent, received three and baI millions OF bonds when
only subscribed for ST. GOO 900 according to lhe official
statement
The bank loans for the week show an increase OF
S. lot s42 and the deposits decrease OF 1876 $40
n a
crease in the circulation Of $73, ,94o.
A teiegraphc report frcm Washington this ing
announced that It was understood that new loan or
thirty I've millions had been privately negotiated gold
bonds This report has been since officially contrsdcted
in the most unquai fed manner We are hereors led to
suppose that the correspondent who forwarded the dcs
patch sithsr misintorued tina. he had personal
motive for msrepresen.rg facts We prefer &c incline to
the former belief, but in any case Il is
rerrehensible in the representatives CT the
press at .hs rational capital to telegraph
important statements the basis OF rumo-, and
they have yet TO iearu that it better 20 say moth
shsn to transmit fs.sehoods.
Foreign exchange is quet but steady Bankers stcr-
iiug Is offered at 1o9T at sixty days ana li0x 1l0L
at three days Merchants bills offered at 1O71s
l0SH and these more in favor than they have been
Of late, owing TO the subsdence Of the semrpaEc
10 Europe The reduction OF the Bank o. England
reylvug confidence. although the whole financial system
o. Great Britain resis upon unsornd basis, which
exposes Il TO sudden disturb st any tine
It's stated that the Bank Of New Yors 3 about 10
establish bullion department for the convenience Of
foreign exchange tsa!ers and others Wish sub
scribe 70 ra;r,yesnt firms are sad TO have onsred
10 psy thousand dollars year for the privilege OF
drawing checks their gold deposits thereby saving
tbs trouble continual specie rom seller
20 buyer. We reason Why every baag 10 the
country whose hgs.ness requires u should not have
u button department. u Is merely a private arrange.
meni betwee. BANKERS aad their customers FOR the
tornar 10 facilitate operation OF the latter and as
sccn matter Of convenience only, scd nc, Of public
iapct;ssce
The 2assas. o' iae National Bankruptcy law 10 The
House of representatives. today IS received with
ed by the financial aod commercial com
mapiiy ara fact tha, such bill bad been made
law Ioas since amoss reproach TO Us as a con-
mercal people Tue senate, IS supposed, w'i cIer 20
The following table shows the totals Of the statements
Of the associated banks OF this city the first Saturday
OF each durns The present year with Those Of the
past wsess