The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1864-06-10
FINANCIAL AND CONNER GAL.

THURSDAY, June e-6 2. NJ.
The stock market exhibited increased armness day;
the transactions continued light with the
sales yesterday New York Central advanced x, Erie
Railroad a. Reading 81, Milwaukee and Prairie du Chen
l, Michigan Southern TX, Illinois Central * chicago
ana Rock Island ~, pitsshig and Fort Wayne *
Chicago and Northwestern a. Cumberland Coal y and
CASTOR Company u Erie prefe Michigan Central,
Cleveland and rit,sburg Qackslyer Mining sold the
same HUDSON River declined a. Pacific Mail haripo-
ga y. aud Delaware and Hudson cansi J.
The following we're the closing quoiations-New York
Central 1924 Erie ll2<, Erie preferred iioH Hudson
Riverl46A Readiug l43& Michigan Central 1885, hch-
Uan Southern 95Ss, Illinois Caural l32, Cleveland and
ptt,spurc I2s Chicago Northwestern 55, and the
prerrred stock e2Y Cleveland and Toledo las, Chicago
"A Rock Isl nd lI3 Chicago, Burlington and Quincy
Io7a< Pitt burg and For Wayne ll74 Pacific Mail ESQ
Quicksilver Mining 1914, and Canton Company AZ
Coyernments were 10 demand and a fraction higher.
The ave twcaty coupons closed al l05h, and the
year certificates at e7s+
Gold opened at 1875 and eleven O'Clock il touched
Ia7 II then declined fraction, and sold down until
afternoon, when it took fresh stnrt and TO
1881 but closed rather weak at 1877 1t will probably
reach go morrow and ambition OF the spectators
will hen be grathed
u is reported that determined effort will be made
saturday by the republican members of the House OF
Repre- pass the gold bill came from the
Sruae II they succeed il will edatcly pass into a
Jaw as the known 10 be in favor Of 1t, and
vii not hesitate TO sign IL.
Tic stagnotion which has overcome the stock market
aud iulruded itself TO greater or less degree in all
Branches Of financial transactions attributed IN no
SUI i, measure to the uncertainty which hangs around
thc movements OF Secretary Chase lie has taken fire.
qent occasions the public that is his inten
reduce the volume OF circulation by retiring
large portion OF the grecnback Treasury notes and to
restore ae currency speedily as possible TO the specie
standard; and vet, In the face OF such assur
auces we find tho premium on coin gradually
rising in value until at length IL has reached
g. within less than two per cent OF doubling
the face Denomination Of currency dollar. No
questions the power OF the Secretary OF the Treasury
prevent this depreciation OF the currency and he does
exercise IL he must assume oil responsibility FOR the
trouble created He has The power. and have
no disposition doubt that the will Is with it, TO bring
ok the currency to the specie basis in less than nine
months The only question that arises Is, has he the
moral courage perform the work and Withstand the
pressureP II has been frequently stated that the
reucy OF contraction but OF this fact
have assurance; and whether the report be
Otherwise 1t Is very evident that the gold spectators
place reliance on il, For the honor and the credit q
the nation hope that events viii eventually provo the
Of the statement Our finances only be
preserved the adoption OF such coupled with
largely increased taxation Any other policy will float
esilio present financial condition OF the rebel
Gederacy and II Mr. Chase would shrink from the
visble notorieiy which, in financial point OF view the
rebes themselves attach TO the OF Secretary Men,
mayer mus; take measures to check In the
we have been pursuing for the past year
a financial ruin similar thai which overhapgs
rebel confcderacy.
The Assistant in this city reports day
folGws:--
hand .S30, 4o1 376
Receilts rcm customs. ................ 1900
From other es...................... COOS SCI
Total $50 $50. 237
Paymens........... .....,.........,... 1905 ,292
paiauce. So ,5o3 e45
Subscrgt to 10 40 Loan S3i 500