The New York herald., 1864-09-14

The stock market continues depressed, with morey
opasnodic efforts 10 strengthen II; but the proba
that prices have nesrly touched bottom. Tho stag
nation and decline, with occasional rally which
for weeks characterized the general MARKET not
incorrectly attributed part 10 the superior Inducements
railway and meceaneous shares offered BY govern
securities Most OF the railways pay but eve per
cont, while some OF them yield no dividend II, there
fore, investors get fourteen or 1fteen
psr cent by buying six per cent In gold
bearing bonds, Or certificates OF indebtedness
% %. which redeemabe at par al
tbs expiration OF year from their date with sx per
cent interest currency added there less likelihood
formerly OF their putting their money into
ordinary securities Previous TO the panic Of April scv
ernment securities less looked after Investments
than they now policy Of Mr. Chase 10 nood
ing country with currency instead relying upon
loans, tended 10 she nnaion Of those securities.
which subsequent government loans have steadily
depreciated BY Withdrawing the capital before
employed 10 them. There prospect Of improvement,
upon che present quotaous bu, the market is likely 70
without any remarkable feature G after The Pre-
sideutAi election. Government securities wii however,
tend upward sud the sixes 1881 and the Owe twenes
particularly under toregrl demand. The stock
ket opened with show cf steadpess, which iudica,ed
tba, the panic Of yesterday was without any
special cause. As compared with the closing
prices al tho second board on Monday, Erie ad.
vapoed u, New York Central Y, Hudson River
az, Reading y Micbigaa Central az, Cieve and
and Pitlsbars u, Ilncu Central l, Rock is-arc y
Fort wayne /. Michigan Southern and Chicago and
North western unchanged. ln the miscellaneous
list Cumberland Coal Was without variation Quicksilver
advanced Y, Ohio and Mississippi certificates y. At
iant,c NAH declined l. Government securities declined
fraction The coupon and registered sizes OF 1881 sod
at los; coupon avs.twentcs, lloA Iloh; one year
certiscats, % ctY tnted States sxes. 1857, I2s;
seven thirty Treasury note October add April, lIox.
In the afternoon e1or made 10 ajvancs quota.
tions the market improv Cd 81 the second board
70 per cent, and 10 the Of Budsen River per cent
Government securities we're, howevsr leas active ani
the coupon sizes of 1881 declined ~ and the avetwen
tss V X. The mooey market has been unsettled
by the Of god snd the uncertainty and ssgnatiou
which prevail 10 lac Stock houses stu supplied
vabcsn losas Al per cent bus thsrs 10 great
willingness 10 discount ordinary Commercial paper, and
the is ccmmooy between niOs aud twelve PER
cent than aodcr he policy OF tho Treasury, howsver
DOT likely 10 increase this s,rusepcy, and hence tho
bulls 10 gold take courage TO some extent.
In foreign exebsngs tpere little done to-day Bank
ers ak iDsL lc9k for sterling, and merchants paper
Is quoted al i07 los or gold.
The following BIDS made for State stocks nj the
orst bard repnessee c., 50; Virginia 6's bs North
Carolina o., soy Missouri ca, e5.
IL reported that at a meeting at the Clearing House
70 day propctoo from tbs Treasury accepted by
which The us1a certificates Of deposit vii 10 future
payable presentation of Al ten days oosoe aacr
thirty days sud that they wi bear ooy nve ns,ead OF
per cen. interest a. heretofore AZ the old psn was
very object ionsble, The nov 80 tar an improve
menl that u reduces the rate Of Interest II proms 10
do no harm 10 the government, wbns II viii be more
copven lent TO the than the former method bu,
tbs temporary deposi line ~ she best Of quss,,ouass
utility 10 the Treasury.
uovs:-
Receipts for customs. ACKNOWLEDGEMENTS. sTo 200
Rsoe,pts or government loan sp........... 1,06s 22s
g.. o g1a A.