The New York herald., 1864-12-23
FINANCIAL AND cOaAMER cIAL.

YHuRspxY rec z2-6P. n.
Ths stock market has been weak and declining AL oAy
owtsg uaes consequences OF the calling IN Of
losas the l<ssdom whos sellers options we're
put out bytha bsArs- Ihe sharr>dsmasd os money 70
carry large Of government securities held on
spscuAtvs anticipation OF the w"ndrswai OF
the ten forty ioAa the hrss hunArsd iisous was
taken hss no, bees fully supplied number q weak
holders both OF ton forie and other bouds have been
comuesled 70 ssnpus at the nstopsi banks have
hao their public deposits drawn closely by the Treasury
and their loanabe have been correspondngly
tailed. whie the year is nearing its cose, lending
institutions gsnsrany are indnpoeed 70 extend thss
engagements.
Tue demand for money 70 carry government securities
having sooroached upon the supply otherwise available
for railway and miscellaneous share speculation the
latssr vas ssturaly ~saksnsl aad With this came .
fusehss eaag q isAss greater ciosenoss iu the
money market. those holding both governments and
railway stocks Close money market generally prefer
throwing over ths former M they forcsd % sacros
on q ths tWo. national securities have been do
prsssA greater sxtsns than they would have been
easy money market The rate on call u strictly
seven per CONT considerable differences have been
paid fOr oarryias over from ten 70 thirty days. ~
Dealers ia national securities ss perplexed 70
Mr. fssssoAen inteuds doing; but they think pro-
babls that s themselves ne does not know. He would
appsar indeed have intsnIons policy Of any kind
end therefore allows affairs their
He teo tmia and much wanting In ability 70 form
plaa old ono for himself. and only the
,ogio Of facts wM be likely 70 arousS him to action while
that may DO lost upoa him. About hundred
and eight millions OF the tenforty loan have been
arsAdy subscribed for; but, a. the bonds are now
onersl the street at lolA, more than half per
cent below the government subscription price, no fur
ther subscriptions the loan likely TO nnd their way
70 the Treasury under existing circumstances and very
few the thirty loan. Tho forty loan has al
ways ucumb the market and the ninety
millions and odd remaining OF the TWO hundred millions
originally authorized unless withdraw, will be use ess
In itseh and stumbling block in the way Of subsorip
tious 20 tho seven thirty notes. There never should
have been kind or loan the market at
time and Mr. Fessendsn determined to keep the
forty before public had better withdraw the
thirty.
AT the first session Of the Stock Exchange the closing
prices showed decline those yesterdays second
Of ~, New York Central y, Hudson River 1H Reading
Ix Michigan Central " Michigan Southern I, Illinois
Cestrai u, Cleveland and Piitsburg 5K, Chicago and
Northwestern r. Rock Island u, Fort Wayne u, Mari
posa Cum bsrlaud Coal Ia, Ohio and Mississippi certln
Gates \.
Goverumeut securities were quiet Coupon es OF 1881
were steady Il6h; coupon 520s Of the de
clined 4 old ISSUE steady. Coupon I04os advanced
bu, crsed .dy TIE year certificates advanced
Al tnc open iasd O'Clock The market lower
ard at the socoad icsur board Il was steady. AS com
pared wila the closing saes OF The moining Erie de-
cline n Nsw York Ceairal ludsoa River u, Illinois
Central tock Island l. Fort Wayne u. Cleveland and
Pittsburg Improved 4.
Govessmeut sscurtes depressed. Coupon sixes, ,
1881 were STEADY. Coupon forses declined N cou
poo hve.twenties y as-
The gold market dull, and the propositions In the
rebel Congress reatse TO the appointment OF commits
from each State discuss conditions OF peace with
the federal government attracted attention. but can
hardly - said 70 have exerted influence upon the
course OF speculation. Tue quotations wers:-