The New York herald., 1864-09-23
FINANCIAL AND COMMERCIAL,

An compared with the latest quotations ~ Nednesosys
eecsna board, Erie declined u, New York Central 81
Hudson River x, Reading 4, Michigan Central 3, clevs
land and Ps,ssurs =, Chicago and Northwestern ~
Michigan Southern y, Illinois Cca,rs y, Chicago and
RocK Island n Fort Wayne IL, Canton compsny u.
Cumberland Goal Ia, Ohio and Mississippi certificates ~
Aarsposa " Atlantic Mail advanced az Government
securities steady but inactive cospOa tye-twentes
advanced Hak. Coupon sxes d 1881 were statiousry
registered ssd los aud threeen.hs Treasury
notes declined n one year certificates advanced X.
o. United States skies or 1867 at I2s
state stocks were dull but steady, and the following
prices bid ;-Tennesees 6s 80, Missouri 6s 65L
u Hannibal and ~. Joseph issue S5, Indiana 6's g.
virginia o's 90, North Carolina SIS 60 Railroad bonds
were arm. Bank. mining and coal stocks were quiet.
AT the second beard the market was weaker There
vass further decline Of q in Erie X in Hudson River,
~ IN New York Central, TX in Reading, i IN Michigan
Central, In Michigan Southern - IN Illinois Ccutra
in Fort Wayne, h IN Rock Island and y Alton and
Terre Hsuto. Government securities declined fraction,
excepting ons year Certificates which advanced Y.
ANer call the road shares continued
depressed. g
Gold opened weak this morning at nix, and sold
stssdiy down to sIsx which tho quotation at four
M
The money market easy to stock houses al per
cent ca under the limited demand for mouey conse-
quost the ascendancy Of the abesrn party, which
deters outside operators from venturiug the market
and dminishes the volume business accordingly In
the discount line there is increasing sirngency. however,
owing 70 the decne OF prices in sympathy with
gold and tho caution which produces the part Of
lenders There very little paper made or Offering ius,
nov, arising from the curtainent OF credits The rates
range <rom nine TO twelve per cent the
regular market they are still higher.
Foreign exchange Is du with downward tendency,
Bankers ask o sterling 100 Il. Francs are quo,sd at
6.l0aI3
The course or gol promises to be still further
its value in re<tion the Some of
contemporaries we oerve, appear 10 labor under the
bee that should .N upward instead Of downward
but this obviously ns take OF Judgment or partisan
ship their part
On the stock Exchange mer Ny brokers market is
likely to prevail for the next ~ weeks at leaa, Tho
natural tendency will be Dropping 2nd the occasional
reactions will be from or .h 70 per cent only,
except 10 some OF the miscellaneous stoc which are
hed aud manipulated BY clques and which IRA no cri
terion OF the state Of the general market,
S'mo OF these Interested the .sbcarn side ., lshe
isrAst revived today the talk about tho prospect
AHO'"ef ioan oeng soon placed on the market 6u, this
rumor as We said!w was first whispered is wbop,
any present basis in fact and the probability is TIM,
new loan viii De placed market uptl a.ter ,be
PRESIDENTIAL election II being the desire of tho admins
uanon to keep the money market easy and avoid
checks upon trade pending that event Far the co.,,
reason II VIII not be likely regard with b
oeCae OF gold below point where would cause havoc
among merchants aud others who ho!dors of stoes
" touS purchased al the g prices to tie
o'esson o the specie premium. The suppression OF Tie
weekly statements OF the national ia a,trbua5e 10
e AHe disposition 10 court popularity by bliading the
people as much as possible state OF the nnars
'uation and making the way smooth cr,l election sar
in the course OF so.ne general remars n,ase so,v
Nees ago we mentioned iaat many pcaong influenced
oS Ie uuoer-snty attending the political military and
unano'a future OF the country transferred oonss
aoe portion Of their wealth 70 Enelasa there 10 lie IN
vested ana rem ~ pending the settlement o the a,ecu-
Aes heie hessfs. Barring Brothers 4 Co. ere Or baby
ae srgest custodians of this ciaod rrope-ty. bnt M
'ey belonging ts Americans both Northern opo south
'Fn' Is distributed on deposit orer vce anspc,l
yea 10 Europe. The firm mentioned form orc o.
nose oepos itarias Of lied states fu-ds which
VI. onase was 80 remarkably fond q creating !
"o "nch prociviiy'' on LIS part case exsicnce 10
fop ol national banks which have av millions 4
the currency afoat aud bch aggregate Is coasiaer
The incresse the esn of creating nsw au ks or the
anne KIND beng chronic fBsiady under the existing :.
'S' We co not know sxectg hov lnacl ;hc Bariuas Z
I'd Of money be Qng!as to this government and whether Il
y oe W ibis SIDE ot AtGot eaily does er gos We
m tay With cerialrty but nc remember thai M, a.
" ago pnd s.pce the retirement of Mr. chass ftr 4
'e@, when this subject was bros sht up, i, !
4 reqortcd that in the Treasyvv !:
,part;neat anythus o. TIE state 81 ths~ ccor, i
Inc governments and TIE Faglish bor~ bgt iht
r. CLase did II STRUCK lie q. the timo ~ 80. i
I'M. 80 go ~ 80 aluauon fof the
- - -, -. raeo-s -. posing taat ~ Naase
III o'S0 ~ ~ 'us ~ ,e peslshei ri.a uin,, ana
ces Any - the Ira, no.,r,r,sn, NOW nos, how
10 account 'stAsxS !, ~. p,sln.sxs a The lrcasury
e care OF ts Interests, and 80 AL
''o -" .mty Of tnis government keeping large
spece CD deposit IN Europe. There v I'D be
ecton 70 kcerng a. account there IN
~ exceptional ..mes for The sske Of Facilitating me
ymcnt or our mipsters consn; but for any other
purpose the policy is absurd aud uDjusuaabe ana u
I'D 1ptog the government imates the coarse o. ioSe
private individuals who stand IN fear Of coming svents
We however. merely refer 70 this casually, and 10
show tha because the government made r Bsinss its
European bankers the example las been followed oy
persons IN this country anxious TO secxe sonethins
beyond all contingencies. The amount oi money pus
lyag - the credit OF Americans iI Europe Ia ar greater
,hsn ia generally supposed not sont boIce IN all
cases 10 the OF exchange or c sod out OF produce
and other merchandise the proceeds Of the SAFE o. Wnich
we're 10 remain 90 deposit there directed This OF
course tended 10 unpaury great demand for foreign
exchange here the flow being diminished accord
ing 10 tho extent Of American deposits abroad and
this had much do with sustaining sold a. the hsh
pre- MUM Il quoted at; for the demand or snip
rnsut to meet exchange sold here on specuatsn was
Tor long period tar or tie legitimate smorni,
taxing into consideration the exports against the 'ni.
PORTS This was induced by the gloomy ioae = ne rub
tic mind arising from the absence military success on
our side Proot OF Is afforded by tho fact that,
whoa the military grew clearer and the hopes OF
tie revived the exports O specie declined 70 their
aatutsl level audi the state Ct the finances Of
GrOat Britain, and The basis OF which con-
meroe seeo 20 rest therc, have efectusly put
a stop TO aE further exports from Tits country
for purposes Of ospos in Europe Indeed IL would not
be the state o. the that the peo