The New York herald., 1864-07-12
FINANCIAL AND COMMERCIAL.
MONDAY, July ll-6P. n.

MONDAY. July ll-6 r. n.
ma ssock market cpsnsd weak this morning. and the
oso'tne W prices marked than for some DAYS
prevtoss. b anticipated thai large amount viii soor
se saksn from TIE banks 70 meet government demands
sna mai tbs money market will be influenced to more
ssrnsency oy the withdrawal OF capital and that she
osaks WIN be compelled 20 their in conse
0aence These fears not altogether groundless but
must be borne in mind that money thus taken will
In short time regain wonted channels and win fow
back TO the monetary centres large of capital
Cow being used 20 carry spectators through the des
psrste enterprise auemeuting prices Western pro-
oucsous, which Of course must soon have an end,
whether the gsrne succeeds whether their designs
rai The present tshtnes WILL therefore, prove OF only
temporary Duration and we anticipate speedy open ing
OF The stock jobsrs' books, preparatory TO another
eeason o. active operations.
Compared with the highest sales at the ars, board
on Saturday, Erie Railroad declined per cent Hudson
River y Reading 8, Michigan Central /, michigan
Southern "a, Illinois Central y, Cleveland and Pitts.
burg ~, Cleveland and Toledo A. Chicago and Rock
dsand az rittsburg and Fort WAYNE lk Chicago and
Northwestern L. Cumberland Coal az Canton Company
Marposa "a and Ohio and Mississippi certificates Ii.
New York Central sold the same, and Eric preferred
stock advanced u.
strong disposition TO sell for cash manifested in
Sbe afternoon, and prices we're further depressed
Government securities steady at the following
quotations Registered = bonds of 1881 l04 q l04L
coupons 1854 los, registered five twentes 103 lOa
coupons 104. lo4&, August Treasury notes 1041,,
October Treasury notes l03 1o3h debt certificates
o33S a 9SJS:
There considerable stir n the gold market to-day.
The price this morning 2s5. from which 1t declined
60 ISL On the receipt the raiders
on the railroad between Phiadelpnia Baltimore
d. up 2s3 but finally dropped again 275. Tie
difference between cash sales days time
per
Secretary Fesscnden held a consultation to-day with
Mr. Cisco the Assistant Treasurer this city, and
some 4 the leading representatives of the associated
banks OF New York-w,th the former 10 ascertain his
views In regard to the best and feasible plans
the government pursue itself the
cia difficulty which it has been plugged by the bad
management and bundering OF tao late Secretary the
Treasury. with the latter learn upon condi
tions temporary loan be negotiated, in
order to the immediate necessities OF the coun
try. The result of course, not yet known; but it
is reasonable to presume that Mr.. Cisco advised i'm
mediate withdrawal Of all the interest bearing legal
ers and suspension the operations those printing
presses which turning out the issues Of
compound interest six per cent notes The Assistant
Treasurers aversion TO this description 0 currency Is
we'll known, and the question Of their issue the
disagreement between and the
Secretary, and aver. the primary Of
the disruption in the Cabinet resulting in the retirement
OF Mr. Chase Mr. Fessendcn il is stated, desires heal
dissensons which created by his predecessor
between the government and the banks and that to
osnplish desirable end he willing to admit that
che banks had just cause for complaint, and
that he will now concede to their
able demands The banks will hesitate
TO aid the govern It's necessities demand
mediate assisance but they object 10 becoming
paw the benefit OF few comparatively irresponsible
institutions which have sprung suddenly into existence
under the pet scheme OF Mr. Chase. What the state
banks require that they shall be placed an equal
footing those which have been created by tongres
sonal law that the money which they loan the gov
shall not be taken in bulk from their vaults
aud used for a time rival concerns. They
willing loan the necessary funds and to pay it out
fast the government requires its use but they
be convinced of the justice OF the course heretofore
adopted and practised by Mr.. Chase.
The following table the OF the
OF the banks OF this city the first Saturday
OF each month during the present year. with those OF the
pAst weeks