The New York herald., 1864-10-05
FINANCIAL AND COMMERCIAL,
TUESDAY, Oct. A-6P. =.

TUESDAY, Oct. A-eP -.
me stock market opened weak this morning. and what
little speculative activity there WAS operated In favor 0t
sfurthsr decline.
Al compared with the closing prices at yesterdays
second board, New York Central declined y, Milwaukee
Praris du Chen q Reading !, Michigan Centraii
Michigan Southern az Illinois Central i, Cleveland and
Psssoure n Chicago and Northwestern 8, preferred ~,
Chicago and Rock Island az, Fort Wayne \. Erie ad.
vanced ", Hudson River y.
In the miscelaneous Ohio and Mississippi Railroad
certificates declined X Cumberland Coal advanced u
and Quicksilver y. Government securities were dull
Coupon nvetwsnties without change Coupon sixes
Of 1881 sold at 1857 lo6 coupon teu.forties o.
ysar certificates, sA s6 Treasury notes, October and
April A05k.
STATE stocks and railroad bonds we're G but steady
Bank stocks we're neglected
After the board the market continued heavy.
A. the second board the market considerably
lower, wtha very unsettled and excited feeling ind
eating increasing weakness. Erie x lower than
che nrst board New York Central Iss, Hudson River
Beading AZ. Michigan Central l. Michigan Southern sh
Illinois Central ~ Cleveland and Pitssburg sK. Chicago
and Northwestern X. preferred X Rock Island X. Fort
Wayne u, Cumberland Coal 1.
mo excitement almost amounted to panic after the
CALL and further OF prices took place the
open board haiEpast three. Erie then sod at sex
Now York Central 109 hudson River l0sS Michigan
Eouthsrn 5eX, Illinois Central l09H, Reading 1l5 The
market continued weak and excited on the street After
wards.
Gold opened at le2x, then sold down TO 100, and
reached gradually 20 l9lh, which WAS the price
~ ten minutes past three P. NJ After this the market
steadly weakened, and at half-past ave the quo
tation ls9. The market less excited than
usual OF late till late in the day ,eswhen the
stimulus Of decline impaired to It increased actvi.
N. rumor circulated, but afterwards contra.
dcted, to the effect that General Thomas, with twenty
i've thousand men, had left Atlantis mako junction
with General Burbridge, with twelve thousand men,
Bulls Gap, and cooperate with Sheridan SOUTH
west side of Lynchburg. The depression the
Produce Exchange to-day strongly marked
and general decline took place with very moderate
demand the recession. Wheat SC. per bushel
lower corn DC &c, pork 81 barrel The same stag
nation that have before remarked prevails the dry
goods trade and there great indisposon every
partment OF business to make purchases or contracts
other than those which necessities render
dspensabie.
There want OF confidence each other among the
mercaae community opposed toshe extension OF obli.
cations. arising break down gold prices
and the uncertainties OF the financial, political mil
larry situ,tion. The eventiul period in which
live Is beginning to he keeny realized
lhan 1t zhas been hitherto since this war be
others meting away under the subtle eject Of appre
eaton the currency And consequent arrangement
Of commercial affairs which 1t produces they naturally
ponder aud effect, and forty themselves
much as possible against the contingencies which may
The railroad share market presents to- day com
mentary the state OF affairs outside Of Wall street.
The heavy further decline in stocks 10 partially
owing Investors being compelled TO throw
them the market in order to get ready money to meet
their liabilities. Men business OF all kinds have been
holding these securities for nearly the whole OF the
Board of Brokers have been the "bear' side for
months Since the panic OF last spring they have
tented themselves with short and a commission
business till tue recent strong bear movement set In
aided by the improving aspect OF the military situation
which compelled the decline OF the excessive gold
premium In this movement they merely took advan-
tase OF public events and their course was easy. Now
The and others who bought these stocks find
Iheir merchandise unstable ai anything short OF ruin
ous sacrifice and they compelled to sell whatever
they hold available for their the emergency The
recent failures OF bankers produce dealers Chicago
have large amounts OF Western railway shares
the market Western have been the largest and
most outside spectators the Stock Exchange.
The State banks and private capitalists will not lend
stock coaterals without exactng wide margins and the
hatonai banks, which responsible for much OF the
Imitation OF the past year both in consequence OF their
loans and currency issues longer position TO
help their speculative friends In this for them, trying
hour. What Will be the future course OF affairs
ventures hazard opinion upon; but ths prospect Is
snough 10 deter even the bold.
The FIRST monthly statement Of the national debt made
M appearance Yesterday p Washington, and is dated
September 30 It compares thus with the last weekly
tsturn, Q: August 3o:-
August 80. Sept. 80.
Debt with interest In COIN. $3.50 ,s9s,49l 923 oS5 9
Do do. in lawful money. 400 ,1g7 0o4 66s, ,5S5 S74
DO. on~ bich int has ceased. 35T,4T0 $50 go
DO. bearing INTEREST,". 5f9lll, ,267 457 500
Total 81, SIS, 565 233 1855 5973, 7l6
The comparison shows increase In the aggregate
debt during the month OF s7I los 4s3. The currency
stood follows at the respective dases:-
August So Sept 80.