The New York herald., 1864-09-07
FINANCIAL AND COMMERCIAL
rrxpAr. aspt. Go 2. n.

a.a,t ouo,a,ilus Tor railway stocks extremely low
but her operators are as numerous as
they we're before the panic OF last spring from which the
market has never recovered and consequently the
speculative feeling is exceedingly tame 10 comparison
with what the days when crowd or iders lled
William with clamor and disorder and when those
who hastened to be rich thought they had only
20 bring thousand dollars into Wall street
In order to purchase the potentiality OF be-
coming wealthy beyond the dreams Of avarice
Most OF them fortunately unfortunately lost all that
they had before they let the street. and to be hoped
they will return foster inordinate speculation
and acquire morbid taste for the pernci0us and demo-
rAizing game which has for its object only that vhch
s OF the earthly and whose influences are reiShcd
with contamination. But the comparative absence OF
speculation on the stock Exchange for the last Few
months has bad the evil effect OF promoting II
in other quarters, and the prices of produce have
been Constantly less advanced 10 consequence
this spirit Of gambling It useless to talk against
while the world worshios Mammon as t does and even
the stern est spatrotshe 'oy al League Of the
and-sre ng to speculate in the fortunes OF their
c,unsry ai hazards, and many OF whom would be
ready TO sell is vital interests for mess OF pottage
ss Essu was sell his brthright.
When Mr. Fessrpden made his uucaled for and undigni
ned appeal the ration subscribe 70 the thirty
currency loan, he congratulated II the fact that
more than a million per day was frcqusu,ly re-
ceived for taxes under tho Internal Revenue
act Blu, the promise which this favorable announce
ment conveyed has been far from sustained by tho sub
sequen How far the public judge from the
foow Of the Assistant Treasurer in this city
for August
C s.soms sso Is, m: a. Rso so, Asa.: sas Ia
July o}I,3Sk SiS tuo ,<%S, 100
August. 6,272,0o2 ,96s 6o9l, i22
This about million per mouth on account Of in
terns revenue instead OF as much per day. Even the
negotiation Of the gold bearing bonds Of 1881
the market win be insufficient to meet the pressing
wants 0; the Treasury, and "temporary loan'
s already spoken or The unpaid acquisitions, according
to the last weekly statement Of the national debt
less than ss o00 while tho amount in the Treas
ury only sl7,lse5 5ls These requlshions must be
paid and Jet neither the six per cent gold bearing
loan (which fer s3l 500 ,000 the tenfory the
seven-thrty lean will supply the deficiency; for the
current expenses OF the government are enormously
in of the receipts from all sources, owing
the depreciation OF the currency which makes every
paper dollar dsoursed by the government worth little
than forty cents, and dimnishes its purchasing
power in proportion.
reucy system are pursuing directly apparent the
Treasury still perseveres in the policy originated by Mr.
Chaso the national banks the plague Of national
finances asgrAvating the evils which, nness arrested
nua tha. collapse which the capitalists OF the
country already providing against well the
fearful contingency Of revolution.
The gold market less excited to-day than il has
been TOR the past days. The opening quotation
o42 from which dropped 24ox, and then recovered,
closing at 24l1s
The money market more active at seven pes cent on
cali loars well the discount lne the rate being
from eight twelve PER cent, according 70 the class Of
signatures. Lenders are cautious, and all but the best
names are IN dsfavor, certificates Of Indebtedness
being generally bought In preference TO ordinary paper
The decrease Of S5,ols 24l In the deposits OF the
associated banks during the last checks the dspos
tim TO extend the loans and discounts and the eow Of
oley the West the crops s s,l greater than
the influx this car,on rendo-ea extent
gary very the with respect 10 the Western
section OF the country will bs reversed
In foreign exchange there is some little activity, in
preparation for to.morrow's steamer Bankers ask
100 u in gold for sterling, and francs are quoted at
from 5.l3I5 20 SIS for sight bills.
TIE stock market could not be termed buoyant to-day
but there was a better feeling prevailing than at the
close Yesterday Erie preferred stock advanced quarter
per cent On quotations Of Monday noou Illinois Gen.
trail \, Cleveland and Pitisburg x Chicago and Alton 1,
and Delaware Hudson Canal l. Michigan Central aud
Marpcsa sold the New York Central declined y,
Erie Railway !, Hudson River %. Reading II, Michigan
Southern III, chicago and Rock Island 4, Piitsburg and
Fort wayue !. Alton and Terre Haule /, Chicago and
Northwestern =. Cumberland Coal =. Canton Company
~
tiAcates 1Z
There was a slight Improvement in stocks In the after
noon and the marke, generally assumed q 1rmer tone.
The following the extreme quotations for govern
meot securi;es:-Coupops bonds OF 1881 1919 l0ia.
coupon nvc.tweniies 10 q lI0x, october seven ard
three. .ten,hs Treasury notes foeH llo, year
tiaoates s3ls s41s, and siSes Of 1867 l25.
The following is the report from the subTreasury:-
Receipts from customs .................. sle2 900
-bc
Paythepts 1,sl2ee6
subscriptious 10 government loan .......... 10000
The to,si value OF the exports, exclusive OF specie
from this port for the week ending September was
S. 2s6, ,s0s The exports during the previous week
amounted in value TO q, ,o34
The receipts of gold this port from California during
the month CT Angus, exceeded the expectations nearly
hundred thousand dollars as the following figures will
show
E1portstons during August. cSo,3el
Receipts exceed exports. $500 ,9e4
The following comparative statement shows the
condition OF the leading items Of the Philadelphia banks
Tor the past and previous week
This Week. Laa W.,k.
Loaps ps..............$40.S3 .S34,2 ,26S 3e,I7s,59l
Legal tender. ............ 1o,Ts6,7s5 1l,421,s7o
Deposits ............... % soi ,osI 90 ooS, iss
CtfculAaion. ............. z,2ss,SSS Z,3ol,'9o
The quantity Of Aour, wheat. aud barley ls at
dewater during the fourth week August In the years
1893 and lsc4 a. follows
fs' sss,' s..s.7. ~s:S, sss,',. cs,-, S%ssl; Ss,sz;
isss.... sss'..... 800. 500 $500 s7'1oc l2oOO
Decrease 200 Der13 500 Dec.5os 400 Inc Il. 600
The aggregate quantity OF the same articles efs At tide
water from the Of navigation TO the 3ls
August inclusive during the yea 1863 and 1884, was
Is follows
Psr, W.eef, ,ccr., Barley,