The New York herald., 1864-09-16
FINANCIAL AND CONNER CIAL..

TFrRsp4y, SEPT l5-6 T. ~
The stock market opened with little activity ths
morning As compared with lbe cash sales Yesterday
afternoon New York Central advanced y, Erie Il,
Reading !. Michigan Southern y, Illinois Central a
Chicago and Northwestern y. Chicago and Rock Island
TX Cleveland and Piisburg and Hudson River showed
no variation from the quotations OF yesterday morning.
and Michigan Central declined 4 In the miscellaneous
list, ONO and Mississippi certificates advanced y, Cum
perland Goa ~ and Quicksilver l. Government secu
rities were in better demand slight advance Coupon
nvetwenties sold at 1I0a, registered lo9A registered
skies OF 1881 1917 l0s coupon tenfor,ies 81! seven
and threeteuihs Treasury notes, October and spr,
Ilok ll0A xes OF 1867 l2s fves Of 1868, lis
year cert acaies "a 94.
In ,he afternoon there was fractional advance upon
the quotations OF the morning, but with very
smount Of business The following bids were made for
State socss:-Mssouri skies 6s7s skies, SO
North Carolina skies, el. Use money market exhibits
little change Toe moderate wants Of first class stock
houses met at per cent but discounts made
with caution, and the rates more frequently from
nine 70 twelve per than under The note shavers'
receive from fifteen per cent for nearly all they
do but they be considered outside OF the legitimate
market Foreign exchange is inactive. Bankers ask l09
lo94 for sterng and COMMERCIAL bills are offered at
los l0Sb. Francs, VIII oh little in request are
quoted at from 5.s 10 $40.
The OF gold less erratio to day than any
previous day this week. and the price remained through
out remarkably steady.
The opening quotation was 900, from which there
decline to 227, followed by reaction to 22s4 then
sank to 227 afterwards to 2ssk. at ten min.
utes past Eve p A. the price stood at 22sk.
This of the market is attributable in part to the
efforts of the bull clique headed by OF the sronges,
houses in the street, toiset up corner = and eng
q fresh RISE
The fact too, that a considerable number of deliveries
on account of short sales made Monday, due
day, helped ia considerable degree to the
premium and check Us natural downward tendency.
Rumors, also, with regard the national
debt and currency circulated by unscrupu
ious operators on the bull side with view 10 creating
dstrust and furhering their schemes What gives
strength to these and appearance Of possibility to
gross exaegeraons the unwse act OF the Treasury De-
partment In suspendng the weekly statements which
tbe public had begun for with great
In this matter, well in his loan policy,
Mr. Fessenden has exhibited the incon-
sstency and want OF ability for the office he fills that
marked the policy Of his predecessor. Mr.. Chase,
however, erred much by design accident He pan
dered to Wall street cq e, and his principal subordi
mates In the Treasury Department became with him
in the work OF msmanagement and corruption. When
Mr. fessenden assumed his present position he did
without any preensions to financial knowledge any
ideas or motives worth mentioning. As respectable
man from Mape member Of the Senate and chairman
oil committee be probably thought that when the Sec
re,ayshp of the Treasury offered to him the proper
thing to be done to accept it. He possibly took
pity upon the United States government and believed he
doing good service I'll the place vacated by
Mr.. Chase But, whatever his purpose may have been
on accepting the responsibility rendered him, has been
very evident since that has endeavored to second
all the of the Ohio politician and that be has
copied that geLemans eccentricties with the fidelity
OF the Chinese tailor who put patch on the knee
Of a garment because he found 10 the old
Having no principles at the outset, he readily
acted upon excellent suggestion that was
made him to the effect that would be well pub.
tsn statements Of the national debt At short intervals
But afterwards being still without principles, he acted
with equal readiness upon another, and this me
fortunate to stop those statements,
lest the figures debt should alarm the people and
diminish the capital OF the republican, or govern
ment party in the forthcoming Presidential cleo
tion. Those who inspired him with this brill
liant idea doubtless the old parasites Of
Mr. Chase both in and out Of the Treasury Department.
who wished to have themselves alone the Information
which weekly statements gave TO the whole people
Prvate information OF the OF the public 6nances
whom the sedulously guarded from the public, Is
always useful and these former associates OF Mr. Chase
would no doubt be much benefited by exclusive In
diligence. The chief subordinstes Of the Treasury
and the leaders OF the old Chase clique we're
therefore bent upon Influencing the new incum
bent Of the temple Of finance at Washington, and,
u the result shown they succeeded perfectly But
u remains for us Mr. Fessenden that he has incur
ced public censure by his pliancy, and committed
ounder which he is entirely responsible and there
are bunders which are-crimes.
According the last statement OF the debt sshed on
tho So;n OF August, the unpaid requistions were
BIS T95 ,0oo They rumored TO be nearly double
his amount and similar with regard to the cur
ency are put forth For whatever there OF exaggera
ion In these Mr. Fessenden responsible because
ne has stopped the publication OF the facts which the
hat his subordnaies Chase clique advised him TO
discontinue their publication for he the responsible
head OF the Treasury, however great noneniity he
may be practically and he not ustiaed n assuming
he responsibilities important department unless be
meant to administer bis trust faithfully. The best thing
10 can do now with respect this particular matter to
resume the publication OF the statements fortnghty at
least, " not weeAy.
Mr. Aber, H. Nieolay to-day sold at public auction the
'oIiowipg stocks
Par Tatue Selling Price.
300 shares Erie Railway ..........$l00 Jos
~ iake Opt.r,o Rank of oswero 100 g9x
81 Lake Ontario Bank OF Oswego 100 ssz
30 Rank OF Commerce. lU luo
20 Phenik Bank .+..........t...*. ~ iot
20 Peoples Fire Insurance Co... so .94k
10 Relief Iire Insurance Co.. so l3lL
20 Broadway Fire Insurance Co.. 70 i2IH