New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1864-12-05
SATURDAY, Dec. 3-P. N.


SATURDAY, Dec. 81. II.
Gold opened at 230l sold low as 29sl and
closed at 229a. The market has been quite steady
Throughout. the day and no large buying was shown.
The shipment of specie by the Etna was s'O9,9'o
Nv the Bremen A244. 500. The total shipments for
the week, 81 ,525, 900.
Government stocks are steady. For the new
Issue there is good demand at lo7 at pubic ana
private sale There are considerable foreign orders
but they are under the market. ltisreported from
Washington in many forms that no more gold-bear-
ing bonds will be issued, and such We suppose is
10 be Mr.. Fessenden's policy. If Congress viii
promptly reform the tax law, levy sound tax upon
all sales Of merchandise, and bring every citizen
into the line of taxpayers, whether ne earns much
or little, there can be no want of money IN the
Treasury. The present tax lacks thorough
ness. and does not make the agricu-
tural interest contribute its fair proportion.
More vigor must be shown in collecting the taxes,
which should for 1864 be in the Treasury By July
], at latest and the Special Tax by November
Railway shares are still neglected, and vary 80
eighty as to leave spectators very small profits.
Brokers have the market to themselves and COM
plain much of the absence of the public. The
Petroleum speculation makes less progress than was
expected from the organization Of stockboard,
and buyers move with caution. The profits OF
manufacturing company exceed those OF the best
paying wells. Coal stocks were not active Central
fell ], Cumberland !; Wyoming Valley sold down
to IS and American, rosei. Cleveland q Pittsburgh
fell TO 1904, with small sales. After the board the
market was little stronger
The stock of the Schuylkill Coal Company was
introduced at the regular beard this morning, and
sold at 81.
The earnings of the New-York roads for No
vember arc reported to gains, but not
enough to cover the increased expenses Of working.
The New-York Central report will be made in a
few days, and dispel the hopes Of any increase OF
dividends.
The Bank Nte Reporter, noting the announce
ment of the First National Bank that it will allow
interest to all deposits left over fifteen days, says
The pioneer Of National Banking in the country, Oh
moving from Wall.st 10 Broadway, has sent forth
new platform II is National iDasmuch as It's whole
foundation is Government Securities. All loans ana
discounts to be .mbedded in the National credit lie
borrowing must OF necessity be holders OF u
s. obligations. The platform is Democratic, inas
much the people to share in the profits OF the in
sttution Bank profits made out Of the depOsitors
il has been tie practice to borrow without interest and
lend at highest possible rate OF interest The FIRST
National Bank has issuing Deposit Receipts bearing
interest after the English and Canadian example set IN
motion perfect revolution in this country Deposi'ors
share In the profits arising rom Tie use OF
their money. The corner stones o. this new system
Of banking are Interest TO Depost6rs and Loans on
Government Securities thus blending safety wnhIib-
crafty
Money is more abundant, and good deal is Of
fered at 6 y cent on call. The rate is Cal y cent
For Commercial bills the rates are "a 10 y cent.
The payne Mt OF interest upon the cent Treasury
notes has increased the supply of money for tho
moment. There is an increasing disposition 10 EN-
ploy money in Government securities, and they
have decided preference over railway shares upon
which dividends are uncertain.
At the Petroleum Board, GeriDania ssld at 81 10
04l 10; High Gate at 81 %; Rynd Farm, al s. 20;
Knickerbocker was active at 80 a CSC.
Exchange is quoted 1925 for sterling and 60 days
and Fssnes 50s2 05.l3l.
Freights are dull. The engagements TO Liver
pool are 500 bales Hay, on private terms; il,ooo
bush Wheat, at I'd; 200 ties. Lard ard % tuns
Tallow, i2s Sd. To Glasgow, GO bids. Tallow, l2s.
cd. 10 Bremen $50 hhds. Tobacco, 2s. Cd; 400
cases Tobacco, lis. Cd. To Antwerp, 20 hh0s. To-
bacco and 800 Hides at 35s.
The Farmers Loan and Trust Co. has been ap-
pointed register Of the stock Of the Chicago and
North Western Railroad Co.
The imports of foreign dry goods at this port are as
follows:
Fer the Week 1852. 1853. 1854.
Entered at the port s4ss0S si.0g34le e9ss soa
Thrown on market 1929 932s67 696, 2,o
Since Jsnuayl.
Entered at the port So G5s22 se eo sos s7oo3, ls5
Thrown on market. 81, 1865 S9.640672 Salts. SO
The total imports at New-York for the week COM
pare as follows with previous returns:
Dec. 2. Nov &c. Nov 10.
DRY Goods ....... Scr, 800 (210344 &3Ga 40
Genl Merchandise l,21e,Ji6 J, $50 l46l3I5
Total. d. SOC. $50 o. .334 ei,s3o79l
A financial letter from London, says:
The belief that the Bank Of England would reduce its
rate Of discount this week 70 per cent has not been
realized The delay Is totally inexplicsble, and has
caused much cssSure. Snch q policy, moreover. il
ridiculous well d burtful, since in the open market
the discount Of the best paper can readily be ef
fected ut 81 per cent The result Of the maintenance Of
per cent the bank can therefore, simply be to lead
an entire withdrawal OF bosness from the establish
- .f<w. 49,