New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1864-06-23

MrnNrsnAY. Jnno OF. NJ.


The feature Of the street has been the furry
and panic in Gold Under the influence Of panic and
the noisy Efforts Of secesh sympathzcrs tie price
put 10 go for round lots Of 5000 and upward ly lead
ing houses and 10 30 in TRANSACTIONS and buyers
seemed ready to pay any rate to make quotation
upon which to base cutlery against the currency At
go Colgate & Hoffman. the leading dealers in gold,
attempted 10 SELL without success were they more
fortunate down 22O From this rate the price broke
suddenly TO 30 which the market closed at p.
After business hours, the rate 20J0207, and ct no
time after 2 D. N. could any large amounts be sold at
COS even. Like all pancs, il wasted under It's
irene violence. and at current rates there were
few parties bold enough buy gold 10 hold for profit.
Some holders Of cash gold free sellers at 230 Had
tie banks been prompt to put Sj0C000O upon tie
street they would have committed profitable and
patriotic act FOR he shareholders. and created
healthier state Of prl.c opinion in regard TO tie COM
paratiye value ofeeal tenders and gold. Late in the
day go was the only bid Tie meeting Of Directors Of
Foreign Exchange is reported at length elsewhere Is
results were small bat upon tie right side The fact
made clear that when legal tender notes made
20 perform tie task now accomplished BY S70,OC000O
per day Of DE bills and tcets or "a other words, by
certified checks, legal tenders arc not the
trash represented by too many socaled bankers,
who at the first demand under the new law
tel their dealers that they "Must not draw
FOR Legal Tenders At Tie bankers meeting the deal
ers went further and declared that the banks must break
under the demand for legal tenders to pay for ox.
change and gold. The hint should not be lost upon
Congress and least Of all, should the panic
Of today prompt 1asty legislation in the way Of re-
peal. If stocks and a few other leading speculative
articles like pork could be put upon thegod aud green
back basis it would do harm. The more duty the
eieenbacks Jean be made TO perform the less damage
nhey will d. Now is the time make them scarce and
Snaemonetizc. swhen Ieissucd by making them bear
iksinterest and force permanent and sharp con.
traction Of tie value Of currency Of all kinds
The attempt TO rush up fancy railway shares and
speculative coal stocks upon the rise in gold failed and
upon the street in the morning there was 10
market at Tuesday nights spasmodic rise Stocks
on tie street were strong; Erie ll7i New
York Central, 1874; Reading l4il. At the Stock
Exchange, Government Bonds strong; Registered Is,
Issl. lO6Gl0e Coupon 6s 1891 ll20ll2li Coupon IS,
1865 1856 5.2Os Registered l05laloJi 5-2os Coupons.
Jos 0I05.; 53Osl April, 1863 1865; August lO'UiCs
AT the Stock Exchange State stocks were dull Tonnes
sec g.. 57a5g; Missouri Gs GsaG5i Canton Company,
42as2; Quicksilver 7slG75l; Minnesota. 80 Coal
stocks steady; Delaware and Hudson, goa 2JOi
PENNSYLVANIA Coal. 2ls; Cumberland, H474; Central
Coal 74a75l; Pacific Mail 2Gs0990; Central
American Transit, 39ai0; New York Central, l3i!
QI3il; Erie Railway. ll7lQllAi Preferred, 1921
1lI2l, Hudson River. I4i0l4i Reading l44. lfoi
Michigan Central. l5l4l5ii; Michigan southern
100 lOOs. Guaranteed. l43, 0lieli Illinois Con-
trail I3s.a 40; C,eyc,and ala Pittsburgh, 10. @44''