The New York herald., 1864-09-20
FINANCIAL AND COMMERCIAL.

SiSAse
to,..rs ), and therefore the ssbgs" showed dspo
scr 10 boy Az compared with the closing quotations
M the arst board Saturday, Erie advanced =,
Hudson River TX Reading u, Michigan Southern =
illinois Central Fl. Cleveland and F.tisharg =,
chicago aud Northwestern preferred =, Chicago and
RooK Island - Fort wayas I, olio aud NJ sstssippi
csrancstes L. NArposa ~. Cumberland Coal "a,
Quicksilver =, A.sntic Nal l. The caief er.
tiyity In Cumberland Coal and Msri9osa
Government securities Grm the pm a. but the
news of tho capture and occupation cf Beo@ nsyie
Texas by Crtua, at tue head OF two thousand etcars
induced less confident ing, necdlsas appe.
that raignt possibly become enangled With
Franoe affairs the Rio Gr,ndc this
en- ana the market rec aiued s:strensgh Az copsrea
with closing price saturday, caapoo dvotwenties
declined h coupon ten.torties "a Treasury ncss octo
Der and April, ~ One year certificates advanced = and
coupon 1851 without variation. There was
. sale ot United States SKIES lsts u 100.
state stocks frm Missouri 6s sold at e5 eS
Virginia 6's 30 Tennessee X, 59 90 bid for North
Carolina 6's, ard 81 asked
Bark stocks inactive; but railroad bonds we're in
demand a slight advance. At lne second board the
marke; was slGggsh but the quotations IN most
at the arst board There decline
of 10 Cumberland, and aiyauoe 81 q in Cleveland
snd pittsbUfg. Government bouds were Grm There
fractional advance in 3l0 Treasury notes, aud
decline OF q In eertiacstes.
cold opened weak al 2a5, and dropped 10 2e37S on
the news from Texas, however, the = bulls made
strong eiori 20 rally the malSc, and TO 226s
then dropped Of r. reacted TO 22a, declined TO 22s3,
and at quarter to nve clock r A. setting a. 225A
The tendency Of tne mar>e, eyicauy strongly
uownwcrd: but the persistent eorts Of the bulls to
eustan checked IT'S natural 1t is perfectly Oh
kwous that large number OF persons outside the gold
specuaton but ble Of exerng they choose
less influence upon the merle interested in sustain
ting the premium, and IL possible advancing IT, These
chiefly large BOILERS OF foreign merchandise bought
ard paid the late high exchange They
nCtue heavy losses hes slves the recent and
prospective decll Of gold, and heuce IL is
sonabe suppose that in instances these viii join
old combinations form 70 Pat up the price.
But to thcm at the remedy, tried vii be sely
prove than the evii ior. in view or ,he prom
,sng sspcc Of the military situation, speculation
f. mpotcBt to accomplish what 1t did when the future
of che nation sp cared in more dubious light Never
shaess efforts beng made and viii continue DO
made both By symrathizers with the rebellion and ord
nary Spectators, to give the market upward turn.
We informed that large combinations OF SoutherGers
ard sccessions,s have been formed Monrearor
es purpose therefore the .requenters or the
geld he misled by the dclasive
which the operations this band OF conspator. may
possibly for the momont produce; for any
cutting from such causes will be followed by the
natural roials
We have from time to time duying the lest month
called et,cnton 10 the conditn of Bank Of Eng
land, and shown that. in thcvent OF the In the
Ua,isG states ccm,ng t. sudden terIniaaton
only would that institution be compelled to
spspead payment, but there would be such
cSmmercia crash in Crest Britain has never
yet been witnessed in that country for, apart
fsom the snock witch woad be produced by the event
~ any srecnIa,on has bce running hsa there
f,r the three years, and for which there hardly
precedent in It's history, that there is not money enough
among the people to supP'y the demand, The
consequeuce has been a drain tue Dsng of
Kuslnd aud In tie rate oi discount elsht
per cen, We learn BY I've latest advices from
EUROPE reaching 70 the 9Th instant, The elect
mere taS peace country produced exactly the
result auticpate il would. commercial panic set
a. and the furds were depressed 70 such an extent
lha couscs declined hai per day [he 9Th o.
Sepember-a heavier Cecine than bus occurred IL the
space Of time FOR several years. Tho quotst ous
we're udeed only per cert above tho lowest pTices
current during panic q 1851 Tie panic continued
aud with il The decline o. cousois, which On tho
9.n ms. sold at sIis i <. On tae sane DAY the
bullion the Rank cf Elglard decreased $780, and cot
ton declined al Liycrpooi fcn oae penny (EhFihl 70
two pcrca haf penny per pound owing 70 The peace
mors snd the advance The Bans cf Eogl,nds rate Or
discount What this ADVANCE Sc are not informed;
bet IL ust previously egnt Per ceEt Inc
elect 90 aroerican securities Al the game
slme favorable, while the advcos from Fraak CIT
showed renewed activity III United states bonds, t Of
which we distinctly forcShaaoyed. TIE demand Tor
e. hese last will count receive The strong impetus we
progncs,ca.ed, and sbarr their market rrec
all be the conscauerce EuT0re the eject Of which
1i immediately felt in tais market IN advancing
United States SKIES and epreszus the gold premium.
Tie money market has worked easy TO Day on call
loans seven per ccat but IL tie discount line i Is eN
elrneeat with a tendency towards improy eraert, how
cyer in consequence Q. reduced demand arising from
toe rdposilon among commercial meG 10 20 other hsn
cash Lus while paper remained 20 df0call # lego
ta,ion Tie market stl ranges from TO twelve
t,r cent Tor good synaures Few taken At
eight Tie mote st1v-rs are, nevertheless, receiving
from heen 10 twenty og near,y an tie paper they dx
cIuut
Thcrc very ile doing foreign exchange, ard rates
tend downward 10 anticipation o. lover quotations for
god Bankers ask 100 i sterling, and merchants
bits are olered It lCS - Clrrency quotations are not
in vogue owing 10 the anciuai.ons IN gcd.
The bank statement shoas decrease 10 each item as
.onrared with that ~ last The loans edgced
sgs COS the spssie has fallen Or $iis,soG and tn a.
poss u AGO. The for tue las. Twelve weeks
COMPARE ioows:-
July q sl54as9s4f 1865 oIs 81 ao5,Gst 4,-s9ol7
July o.. .I5s 59494. i3a,5T;i- y oS4 OH 4,99e 0i
t-f Ct~ ns- 4 g4- a