The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1864-06-01
FINANCIAL AND COMMERCIAL

TuBspAy, May Sl-eP. u
The stock market again to-day, and further
decline IN prices took place Compared with the sales al
TIE nrsi board yesterday New York Central went down
" Erie Railway ", Hudson River y, Reading IA MI
waukes and Prairie du Chen l. Michigan Central L. hchi
gan southern ~ Illinois Central IA, Cleveland and
Pttsburg Cleveland aud Tuxedo x, Chicago and ROCK
Island TX, Pttsburg and Fort Wayne ~ Chicago ana
Eorthw esern IN Canton Company Y, and Pennsylvania
Coal T. Galepa and Chicago Railroad sold the same
F<ie preferred advanced v, Cumberland Coal ~ Quick
silver Mining Y, aud Mariposa IA
Tue market continued TO droop in the afternoon Erie
Railr nd closed al Ii2x Hudson River 14 Reading 1885,
Michigan Central l42. Michigan southern sS14 Illinois
Central Cleveland and Pittsburg Ill, Toledo and
wabash TO- Galens and Chicago 1917, Cleveland and To-
Iodo ll7x Chicago Rock Island NIX, Milwaukee and
Prairie du Chen os Pittsburg and Fort Wayne ll4x,
Chicago and Northwestern 6sk, Quicksilver Mining 70,
and umberiand Coal H.
Government securities are fraction lower on nearly
all descriptions The coupon nve-twentss closed n
l0sk.
The secession gold gamblers were in measure kept
down to-day, and the exchange remained calm Whether
tho excitement Of Yesterday them such de-.
gree az TO reaction whether the xcd
determination Of the bears to keep the premium from
reaching one hundred per cent had the effect Of driving
the rebel ympahizers from the ed prepared
to say but rejoice In being able to record the fact
that the market was weak during most OF the time and
She quotations ranged along the fractions above l9o
The money market Is less easy in anticipation OF the
renewed demand The rate OF Interest is
fairly above six per cent The supply, however, more
than equals the demand.
The rumor in relation to the Secretary OF the Treasury
being forced to call the banks OF this city, Phlade
pha and Boston loan OF fifty millions Of dollars has
foundation We learn responsible authority that
the necessities OF not so pressing &c
present require him to resort to such
The forty loan yields nearly million ard half
. day, and the liabilities OF the country accu-
INFLATED OF that amount TO to
demand sudden and extraordinary Of funds has
the proposed six per legal tenders within power
to ISSUE well as the right throw additional bonds
the loan Of 1851 the sevenhry Treasury
market, either Of which description securities would
command premium OF twelve to fourteen per cent.
The rebel currency, If We may judge from the lare
port OF the rebel Secretary the Treasury, Mr. Mem.
minger, the Richmond conc.ave which the traitors
denominate Congress, is just at ALL There
is not sufficient left OF it q form shadow II viii be re-
collected that tue body above referred passed law last
winter which was to have and has had the eHec, q
WIRING out the whole Of the seven hundred and Atty
millions Of rebel treasury notes This, it stated
was Tor the purpose OF restoring onrrensy to the
specie basis, when new issue should be
made. Their miserable government, IN the mean.
time, was authorized to issue bonds to the
amount OF five hundred millions Of dollars to meet
expenses. The loan to six per cent interest
which, together with the principal TO DO free from
taxation The coupons OF the bonds made by law
equal to coin In MI cases. md the payment the
act provided that the entire import and export duties In
GLIDING all that might be levied cotton Tobacco and
naval stores. should be pledged Immediately after the
bl passed the loan offered to the public there
was no As this about the last desperate
struggle 10 rob the people and bolster mp the rebel
cause with show OF credit the tratorous Secretary Of
the Treasury offered all kinds OF Inducements bring up
subscribers to tue sn. But falling his endeevors ss
last resort ne advertised portion the bonds
at auction 10 Richmond the 18th May inst for what
thcy would bring The o. this nnancial move
mont OF Nj. AemAinger nd recorded In his report
70 Congress- dared eight days subsequent the time at
which the sale was to take place. He says .smitary
necessities prevented the and required postpone
ment in consequence OF which tells Congress that
o,her means mus, De resorted TO 20 get money what
they propose 70 do have yet learn and in the
meantime we solicit the attention OF the English aud
French capitalists who have Investments in the "Con.
federae securites the other side tho Atlantic 10
che above facts.
The following table, showing the national debts Of d
F-~nN rs~l-. .-tm~E