The New York herald., 1864-10-09
FINANCIAL AND CONNER CiAL.


general decline took place under heavy "sho' sa's
Compared With sales al Fridays second BOARD
the closing quotations nrs and ony regular ooaFd
TO day show falling of in Ee o. N New fork Ten
tra IN Hudson River az, Reading T. fraire du csien
" Michigan CsutrAi O. Michigan southern D, Illinois Con-
SrsI s, Cleveland and Pisburg l. Chicago and North
wss,.rn 4 chicago and Rock Island 5, Cumberland Coal
sx Canton Company n, ohio and Mississippi certificates
4. Government securities nrm, but inactive. ex.
oep. in certificates Of Indebtedness, which advanced y.
Coupon ave improved \. Cospou SKIES Of 1851
sod 1904 aloSx. Coupon .eu-forsies s5. Treasury
nosss. october and April. loA.
State stocks dun. Nissosri SKIES lower.
Railroad bonds steady and bank shares neglected
Aer the cali the market dull and at the one O'Clock
open the prices very little from the closing
prices the drst board. Later the day the market
ahowod mor hrmness
The gold market opeued ct 2osA, with . speculative
effort the quotation; but the attempt failed
and Al ave inmates pas, selling price l99.
After this gradually sank TO lo6x which was the quo
tstiou at quarter TO two NJ Aa quarter to three P.
H. R mad advsnced TO J99Is, and AZ hafpast -four Il
stood /, le7h.
The favorable news from Sherman yesterday and
crants army to-day checked the advance which was
being engineered by the specuators, although some q
them lsbored bard to make bccve that tn re was no
more or victory defeat the battle Virginia.
and the make, rallied consequence but fell OF again
the Quotsttoos show.
Merchants and Others no hold goods purchased and
paid when gold q much higher premium, are
allied with the spectators for rise TO extent.
and We have reasou TO beeve that maoy Of our large
importers and pr duce dealers are active specuia
tors 10 spec,s just now. with . view 20 advancing
the premium, or, 1t the least, checking fall Ths
holders oi goods ueed decline In gold oven more than
taey did advance 10 II lev mouths ago. and conse
quenty the strongest OF their number are making
efforts influence tho market in their own
favor.
On the Produce Exchange TO day there . further
decline wheat OF &c. &c. per bushe and In corn Of
&C. Pork heavy and 10 and after the close Of
the market lower prices wore current Tho position the
Chicago banks have assumed will compel tho ship
mont OF portion OF stocks boarded al the
West which would have otherwise remained
there till ater tue close OF uavig alton. In
this connection the Chicago Tribune OF Thursday Gays
Although the banks are tolerabIy we'll supplied With
currency they are dscounting nothing al present erd
probably will 10 for some time 10 come,
unless 1t be 10 shippers o produce and beef and pork
packers As Tor the spscuiatos they are al present
sout in the cod" where II is likely they viii remain
shoft period easi They have Kept this market
Inflated condition long, and they must stand
aside and ist actual shippers take their places Wc
approaching the close Of navigation ana II
to have the grain which stored IN .hs city at the
Fast before ueXt summer ougn, 70 be forwarded al AZ
early day.
The enec. OF these shipments win Of he 90 in
abundance bresdstus and other produce
the kascrn markets, aud thereby lower and healthier
quotations viii induced. The recent panic IN chicago
vIli act warning 10 the BANKERS aud other money
lsoders of Cincinnati Mwaukee and elsewhere; and the
speculative boarders OF produce everywhere VIII dnd
themselves technically called eight place
Al present the hand the East not large
and the exports going forward ignt while the deal
have very ix'e maturing lns Is temporarily
favor present price Of gold the prices
el the necesssres Of e currency. both wholesale and
retail high. with the decline Of tue gold pre-
mium before their reduction Is inevitable, while,
as the probabilities IN Avor Of that decioe
prices may DO locked for.
The tendency the money market Is towards increaa
tag sngeucy both 10 consequences Of the loan that
b 70 DO bid for the l4th inst. and the eau
sioussess OF the banks and private lenders.
Tue Chicago banks have drawn TO nearly the fun
balances the East since the panic there,
and the Western banks generally are iortiyng thom-
ssvss agsins, the contingencies which they liable
BY increasing their Of legal tenders. There 10
ysl no diculiy obtainng loans csn good COL
iaersis and margins por cent but under
IA Tey Increased demand considerable strngency would
DO shown In the discount line there very strong
disposition accept any bus strictly nrs class nsmes
and only al from Line 10 Twelve per cent while fos
ordinary signatures tselvs 10 eighteen readily paid
This OF itself reflects the uncertain cobdtnn of
q AIRS and makes commercial mon act wafiiy both IN
buying and selling In taking we'll as IN sSn credts
Hence business tending rapidly towards cash basis
that ia, pay meut on delivery.
Foreign exchange mas been dull to-day, and is sci
dom otherwise Saturday. The rates for sterling n
gold tend ou err bat little change is yet apparent
Bankers AK i0o long bills, and merchants one per
oens less
TIE subscriptions - the stv,n and three tentss cur
rsncy oa1 as reported W.shnston N thursday aud
Friday. were 81 los 600
The exports OF specie to-day were
Bv CITY Bamos 'siso adz
Total I,slz
Previously reported l0o3s6
Total for III. week s2s7 7ss
The financial transactions st the United States Sub
Treasury 10 ths city to- day are thus given
Receipts from customa a.................. SOL 600
lotsl receipts. 5521,2ll
Balance ...... 49,. NEUTRALITY-SUSPICIOUS.. ~ 0s3, $50
Subscriptions 10 goveroment loan. ........ 10000
The provision and pr duce SPECTATORS In the West
stIl under tho aud coming to bankruptcy
and grief very fast The restrictive policy which has
been adopted by the bankers since the financial Care up
In Chicago. gives pain that class Of individuals who
have been holding the necesszres Of lie der
up the cost. and they nod t cosvenent 70
submit, 70 reduction lh.o 10 pay one and half and Two
per enable them bold and take ad
FonaI risks.
rhs Grafton tAasel BauS has declared . semi-apuual
videGd Of 80 so per the Lechmese Bank Of Fast
>mbridge Esss, semi snoual dividend Of psr cent;
)e lsgh,on Bapk Of Lyon, az the CITY Batk OF Lynn
and tbe Arlington Bank, 8.
TOE aggregate value Of the imports other than dry
gooas and specie, At tns por, during tho week ssdirs
October 9, wss 81 5l9,4s4
The following abstract Of Pennsylvsuis Company 70.
porn me tonnage for the ~ compared
with corresponding time last year
CosJ Gn.s,. rhu srdo~ Ldf sedsor. Tncyeos,.
Read ng Railroad q, SOC, ,3l2 25Is,S4 80 92o
Bony ikil Navigation. 764 ,0ss o32.i2s 1883 34
IAnsh 500 G3l l.b