The New York herald., 1864-07-24
FINANCIAL AND CONNER ciAL.
s.1rRnAY July ca-e Pm.

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sAruRpAr, July cs-e p. N.
Wall street nke the inpecuntcus Micswber, s stil
waiting for some 10 turn up The auness Is gene
raj and the only speculation is as to how hong this state
OF things win ontinue. Not rumor comes to US
from the Treasury Washington; but packages or COM
pound interest per notes. fresh from the printing
presses are finding way In considerable sums
which shows that these are beng paid Freely to public
creditors with view doubtless, In part 10 easing the
money market, and paving the way for the new loan
on the seven and three.tenhs ponegal tender notes.
This however, only palliative, and hurtful one At
that The banks have been meanwhile Withdrawing .
portion Of their temporary deposits from the Sub Trea
sury, The amount for which they had notified up 70
yesterday AFTERNOON being about fifteen millions.
Whether not they viii give further notifications OF
withdrawal depends to great extent upon the probable
demands they WIN have to meet upon the appearance OF
the loan on the market
The amount OF these deposits the 10th Inst was
722A G9s 20, to calls upon which there Is re-
serve fund CT fifty millions OF currency available for
issue under the loan act with the provision. how
ever that whatever part this may be paid out must
be Withdrawn from circulation as the temporary deposits
increase.
A perceptbls flow OF currency from the country is
taking place, owing 20 extent to tho merchants
having called for remitances from their customers
IN consequence OF the prolonged strngency having thrown
obstacles the way Of discounts. This, being directly
conducive the Capitalization Of capital will do much
good, by couneractng the evil effects OF boarding. which
has been largely practset by persons OF small and mode
rate all the country for considerable time
past The easy position in which all this tends TO place
the banks makes them free anders good coatcras at
per CAL But the demand from stock houses
very limited, owing 20 anticipated recurring strn
gency consequent the loan and, as this may be put on
the market any day, there s certainty OF interval
OF sufficiently long to allow OF successful operations
fer rise The feeling among brokers reflects this state
OF the case, and they generally unwilling to carry
stocks on ordinary margins.
But although the capital king investment on colate
ral at call is abundant, there but little disposition
tho part OF the banks 10 increase their line OF dis
counts and commercial paper generally closely scru
tnized while that Of produce houses is regarded with
extreme suspicion and meets vita l.e favor. This
class OF paper has 10 the majority OF instances TO submit
TO close shaving at private hands u s the desire OF the
banks fortfy their position much possible,
not to be embarrassed by the on their deposits
which win attend subscriptions to the loan.
We print In another part OF issue to-day extract
from the city article OF the London Times, showing that
our ability to continue paying :hs interest pre-.
and prospective gold bearing debt IS already begin
ming 70 be Questioned in Europe; and, although the
writer's estimates and differences not altogether
rect it may be well take the subject into
eideration 1t will certainly be better to the side
Of economy rather than taat Of in pay
ments o. interest in eod and five per cent ought TO bc
and would be found sufficient 10 subscriptions to
any OF bonds, either directly indirectly, by
the prop sed and threeenths convertible
Treasury notes maturing in three years. Five per cent
10 gold is equivalent to about twelve ana
half in currency and may not be in the absence
OF good financial management in the future?
better feeling was exhibited in the stock market to-
day and general advance in prices took place. Com.
pared with highest cash sales at the first meeting OF
the Board Of Brokers yesterday New York Central wen
up y per cent, Erie Railway z, Hudson River q, Read
ipg u, Michigan Central ~, Michigan Southern lH
Illinois Central r. Cleveland epd Pisourg 4, Cleveland
and Toledo a Chicago and Rock Island 1, Chicago aud
Northwestern 4. Cumberland Coal =, end OHIO and Mis-.
sissippi certificates r.
The demand for governments continues. without any
material change in quotations The coupon SKIES Of 1881
sold at 1929 l03 the coupon Gvetwenties 1043s q
lo4H, October Treasury notes lo3H 1887, and the
year certificates e4s 95, which Is an advance o.
half per cent. Gold opened weak this morning at 25
and sold down TO 253h
The New York Assistant Treasurer reports to-day 40
follows
Receipts from customs. SIZE, 600
Total receipts. S,54oooI
Balance IA 4l6 $50
The steamship Etna, for Liverpool to-day, took out
e225 600 specie and the Germania, for Hamburg, had
S7S,600.
The imports other than dry goods and SPECIE at this
port for the week ending July 2l amounted In value 70
Sl,o59.775.
The crops win turn ont better than the unpropitious
weather in tho early part Of the summer led rs TO hope
We learn from nearly all parts Of the West that the
wheat, which under cover is quite good US that
produced In any previous year, aud that at
least two thlrda OF the average crop may be
expected. scarcity OF men to do the harvesting
was al first feared; but the lack OF labor has been
fully supplied by additional respIng and moving
mschnes, which have performed the harvest work
quite al satisfactorily 10 the farmer as Geld bands
would have done it. There is large surplus OF old
wheat the country whsh added TO the new crop, will
enabe supply all tho foreign demands without en.
croaching upon our necessities giving chance
for specuators to excite fears and profit by our
creduiiy. oais rye, barley and hay are nearly not
quite up the crore ard corn Ia represented
in nearly ali sections locking healthy and promising.
The chiuca bug has done some damage In various oca
ties but corr is far advanced 10 be injured 10
any great extent by anything except weather extremes
aod-fron
The following table shows the present value OF gold
silver coin OF different naiionsltes, according to tho
English Standard
Poos.
Foreign goid 10 bars (standard) ........ II
Foreisr silver, 10 bars (siaudardJ ......... TX
Gold coin, Portugal Pieces ces................. II 6a
oold coin American eagles. es.................. l6
Gold coin d0ub bloons, Patriot ............... ia
Gold coin. doublQons, spansh............... II
Gold coin, sspoleons. ACKNOWLEDGEMENTS 10
Gold coin ten guilder pieces. 10
Silver coin, Mexican aud = American dollars
Silver Gotta, Spanish pillar dollars.
1ne comparative earnings o. the Racine and Mississippi
aud Northern Illinois railroads, from January to July
20, were a. follows
1ses........ s2eiss sses 1884,. ........s1eo ,oss
Increas. .sil3 s25