The New York herald., 1864-09-15
FINANCIAL AND COMMERCIAL.

"WEDNESDAY, sept. l<-eP
fne stock market epeeed wi,h show a sprR I'm
norpng which, however, weakened towards The c'cse
of ths csA- Compared With the oeslbg 9aotaisns O.
Festeiasy's ecsd and tas hsesi tbs msfnios'
Grie advanced \ New York Oeutral y, hudson River
7x, Reading n Eichgsn Ccstrsi IA ericato snc North
Western = gishsNs souibegE ~ Illinois Central y,
clevs nd and Ftsb5rl y, Chicago and RICK Island y.
Conaqtred with ysssesday lloines's Quotations For.
Wayne declined ~ Gnd Cahtoa advanced l.
IN the miscellaneous lis Ohio uEd Misss-
sippi csrtiaoaiss savsnced !, Narirosa l,
Cumberland Cos v Quicksilver y. coyernnen.
necuriues rather inscye, unless 10 the coupon
sxe cf 1851 ias a.tos sdysuoea !. nvetgea,ss ecu.
pon) 4. Jesfsrsos sold 81; oae-yelr certificates,
s<s. ssysR.,hressenths Ereasary notes October Gps
April llos. IL the afternoon the rket was drl snd
where the quotations the second board varied from
those q tie corning Il towards fractional cecne
The following hils uasee al the regular bosrd or
State siocks:-lennessee slxes, 5sA; Mhsours, el5s
yirginia's 07 North Cardinals, 60.
The money market is soXewhat more active than it
was yesterday cnn ioata, class
are easily eccGmodeted a. soven oeoi discounts,
however, ere rot nnaae resdiy any but tho bss
names. ard Thea the rate is eight cent while Tor
ordinary rRnas varies from 70 twelve pcr
cecL Tho draa vestFard continues, rs na'tcr Il
course, to 5 moderate extent, but 1t is partially
cornesncted Is cash disbursements Western
iere. gbe policy Of ihe eoveromeu. docs
net point to q stringent money market ard the
sr-angemsal the associated banks have nado with the
eu5.TreasuTy, by which tosy viii be enabled to with
er-w their temporary deposits application instead OF
after ey as days noace (afeE thirty days. viii in
drce feeling o. CO adence their port orl
necessary ooursctou This much better pan the
backs iaaa that recently proposed Of deposrg twenty
millions Ia sraied bank snd usin tic certificates
such deposit a, he Clearing House IN tho place q
che sublTeasury certificates. Tae arrange
nent obSries tie secessity Of witnsrawlng The
swelve lpd hair millions deposit OF which notice
given lev Gays ago. ire the Joirt de-
posit Of the banks the subTfe&sury in future i
understand 10 te fifteen millions. Five per tais
viii be much moro advantageous TO the banks than
mass OF none. Il iug i6ie one Of their own vaults
Foreign cxegsnge dull nkc everything else OUTSIDE
o. the gold The eold rate for bauSers' bills
London rsnges from lcs4 = IoaA Commercial bil.s
offered st per cent ess. Currency quotations
longer generally made consequence cf tie eccentric
movements OF gold.
TIE leading topic among financial and commercial men
IN still the price c, god fluctuations from hour 10
hour watched With intense interest, not only by
spectators the stock and produce exchanges, but
those engaged in legitimate trade whose
less eopardzed by the uncertainty
oil commercial operations at the present time. TIE
opening quotation to-day 22sb from which, after
advancing "a 1t declined to 226 then !, prepara-
tory dip 223%, after which it rallied to
R2sA, which the closing quotation a, twenty
minutes past four P. Ii. This last is sttri
outablo 10 eGsr tho part OF the 'buils gst
~corner or IN plan language 10 make gold
Che street that "shor sellers who have fu-
al viii be forced TO advence the price. Tbis OF stsef
Rhows the fmsy basis which above certain scale
the price Of gold All or wiling to nd
init that specie entitled to premiGm according TO the
sate q tbe government aud naoaal bank currency but
there Ia limit 10 everything, and II very evident that
when gold sold Al 2o5 july and 2is the lst OK Sep
tenbe current, AID only III in September, 1868,
chat the increase or premium entirely 10 excess
Cor the Soth of sepnber 1853 aggregate amount
OF the latter 81 22 l. 559 and the 3otn q agIs;
1854 ST. s.s 565 showing increase S556 A5i
But great this OF registered debt II
the nation has been the currency has during the year
deprecated in its relation 20 cold whiSa IS
ridicuoasly large IN comparison win the
OF the debt currency. The proper premium At which
the currency ought now TO sand is IS, making
sbe real value of gold in currency los. The
paper dollar therefore ought 10 be " rth seventy
two cents In coin, iHs cad o. iortytwo 70 forty
four cents is. Ard ia tais connection it may be
useful 10 give tabular statement OF the effect pro.
eress OF depreciation the currency has upon its valae
IN relation T. gold
AGyka Prie of the Gold Market Value Of The Cur.
Dollar IN GLrr ncy. reHcy Dol tGr IN Cold.
100 cents 1888 cents
10 cents. SS.s2 cents.