The New York herald., 1864-08-23
FINANCIAL AND CONNER CIAL.

MONDAY, August s2-6 +. ~
The political sensation promises 20 assume
sieaer imnortarce and more mysterious signlncance
with the increasing agstion 90 the suoJea Tue fues
armisce already beginning 70 exert an In
nuenoe 10 wan street thought to be profound in
finance inquire gravely OF each other what all this tax
ab out pesce s going amount to- Even the least mid
OF the bull operators hesitate PIT their strength against
confident bears throw all their railway and misce
ianecus shares overheard, II they OF
doing good thing for themselves and OF
beiug able to chuckle in their sleeves
their less fortunate ueighbors. No wouder, there
fore, that sticks, other than governments,
dropping, and that, spite OF easy money market,
lower prices anticipated The revulsion which
would follow the actual conclusion OF the would be
great derange the existing order OF financial
fairs very materially and having this In view start
almost at the mere mention Of the word peace in any
connection Many consider that such is the OF
the public mind, both North and South, that the mere
canvassing OF the question Of armistcc tend 70
brn about that result capitalists feeling the Of
feots OF the their derecated property and in
comes severely, and they fear for the future
II the war continues three years longer they
argue the national debt is likely 70 be
double what it is now by the end OF that
time and where will the money TO support the gov
ernment 10 meantime have 70 from u mot from
wealth OF the country they do not naturally sigh
peace may Do supposed tnAt tuelr pOCketS uaVe
influencing their principles than they had
when OF this colossal conflict aroused The
ore OF enthusiasm and the fierce passions inssp
arabic from Hence they begin 70 reason about pos
sbities well probabilities, and act warily, with
eye 70 contingencies. -
In Wall street we must nevertheless, remember that
the future is slways being discounted, and coming
events cast their shadows long before that
the substance is sometimes finally lost sight
- -htxn oSs~, Aot,. arA~
To add the unsettled feeling produced BY this
armistics sensation rumor stiprevsils that Mr. Fes
seuden win be likely very to place issue OF
twenty millions Of fvetweuty six per cent gold bearing
bonds the market, which, II DONE would Of course
$eud immediate contraction OF the money market
and decline the value Of securities Of all
kinds This he easily do IL he disposed 70 kill the
goose tina. laying the golden At presentDAmeiy
che and threetenths loan. The loans author
zsd BY OF Congress and yet available In
Guiding the before the people, are a. follows:
Uoder act Of March 8, 1868, bonds, six per
Under ao. Of march 8, 1854, Oouds. 10 4os.
Under act OF june 80, 1884, bonds, redeesna-
Bile in not less than tive nor more than
thirty years, or, II expedisnt. made paya-
BILE al not more than forty years from date
cent payable IN coin a. e .......... 400, 100000
COR Ia lieu OF a equal amount OF the bonds
last named, not exceeding 500, 100000 IN
Treasury notes. payable al mol exceeding
three years from date, OF, II exredicnt. at
any time after three years from date,
cent, pay able in lawful money, at ma
turity or SEN iannCaliy.l
Under act OF February IS, 1862, bonds,
b.2os, In Europe. observation-disclosures. 1000, 900
Total .................. sse2, ,7l7,s5o
Under act OF June So 1894 in substitution
OF fve peQcen. legal tender notes hereto-
fore issued, Withdrawn 10 be de-
above described d...,,............... 81, $50 se7
Total sss5.s57 PAT
II IL should happen that Mr. Fessenden does the
rumor indicates, he would prove himself feeble
imitator Of the blunderiug OF Mr. Chase March
and would add remarkable Inconsistency to his other
qualifications for the Office he dis
Although government securities continue long in
the ascendant in the face OF decline railway stocks.
there symptom OF wavering as yet in the STEADY
upward turn they have taken but do expect to
zee much further advsnce In tnsm The probability is
that they win continue Arm at about present prices
unless the railway share list should decline much more
In which case governments would be exchanged Tor
other at low rates. and this would fall
limited extent.
Tho sluggish OF the money Indicated by
che bank statement for the week, which exhibits
change worthy OF mention The common rate tor call
loans still per cent, with the occasional excep
Sions before noted six First class CONNER.
cai paper discounted this rate, and ordinary At
Q. Foreign exchange continues very dull. Bbnkers
bills offered losx, ESQ currency, CONNER.
cial bills 26, while francs quoted from sl3S
70 SIC.
The First and Fourth National banks and the Bank OF
Commerce have received the and three
tenths currency notes OF the denominations Of y,
hundred, Eve hundred and one thousand.
The week opened upon depressed and dropping stock
market Compared With the best cash sales Saturday
New York Central declined at the first board to day \
per cent Erie Railway H. Hudson River a. Reading Ik,
Milwaukee and Prairie du cbcn u, Michigan Southern
IN. Illinois Central TX, Cleveland and Pittsburg i,
Chicago and Rock Island X PttsburE and Fort Wayne
y, Chicago and Northwestern y, Cumberland Coal IL,
Quicksilver Mining " Marip x, and Ohio and Mssis
sppi certificates r. Cleveland and Toledo advanced x,
and Delaware and Hudson Canal sold the
The market continued the afternoon, and still
lower prices were submitted TO.
The following the quotations for government
securitiescoupons OF 1851 l0sl l09 registered Eve
twent,es 100 coupons do llola III registered bonds
Of 1874 100 coupons do es ten forties, lo3 and
year certificates, osTI 95.
Gold opened at 258h, aud sod at an advance OF one
per cent
The following table shows the totals Of the statements
Of the associated banks OF ths city tho FIRST Saturday
during the present year. with those Of
past two weeks
Loans Specie Circutln. Deposits
Jsu $174 T14485 25l61 ,o35 6103,33f 140 $50 $50
Harch g. 1872 4s3 Il 22o 65s 5s33249 15s 923 $40
Apr a. 203 gq3, ,I3l 10 52T ,o65 57g5Jps Ill ISL 295