The New York herald., 1864-09-17
FINANCIAL AND COMMERCIAL.

much activity TINS morning. AZ compared win
the quotations a. the second board yesterday
Fris dsci.ued q. Fort Wayne y, Hudson River IL.
Readiax =, Chicago and Rock Island Il, Michigan
southern y. New York Central and Cleveland ana
Pttsburg without variation In the iscellaneous
ono and Mississippi certificates declined 4, and
Cumberland Coal aud Quicksilver without change.
Government securities were active at advance,
especially the coupon OF 1851 for which there is
strong demand These sold at l0s,. los Ia registered
los coupon dve twsn,es, i0k coupon teniorties 9TH
9T< one year certificates, "a 9i7. Treasury 10
notes October and April, lo7s III registered sixee
1858 40, skies OF 1867, l2s.
AZ the second board ,hs market for railway shares
wss weak, and general decline Of ]. TO u. per cent
took place all round.
Governments were firm, and coupon fve-twentes sold
at llos llO7s although the official printed list OF tne
second board saaes placed them at 1925 This is peoe
OF gross careIessness, repetition OF which should be
guardei against.
state stocks showed slight Improvement. and the fol-
lowing quotations made for hemrennessse SKIES
6sk % Virginia sixes 60; North Carolina SKIES, co.
coz Missouri skies, "a e5; New York lives, 1874 l08
Railroad bonds inactive and bank stocks quiet.
There is a somewhat brisk demand for money from
stock houses at seven cent on call but the demand
is easily met Commercial paper is, however, in little
demsnd, u the many contingencies liable
out OF the military, political and. financial situation
OF the country. Lenders Wish TO empty their
money that they recall II any time.
ard hence their aversion to discourtiuy
al high rates. These vary from eght to per cent
very little being, however, done under nine.
In foteYn change there is little doing. Bank
ers bills qloed at l09 lgoid raie) for sterng and
merchants at los. Francs from 5.s 10 5loi4.
This increased vi;y is owng many having do
feried buying during the last week consequence o.
the excited course os god.
The goli marke, TODAY showed symptoms Of that
weakening which viii be folly apparent week
The opening quotation 22s from which it declined
224>, and then recover IA, preparatory 10 drop 10
223s, at which stood at twenyaye minutes PAST olr
7. NJ The old ''bullr que, composed OF dozen
OF Germans and Frenctm n, have been and are stlli
doing their best 10 keep up the premium. 20 long
we were without achievements in the field and
the public mind despondeat these shy.
locks OF the community were erabled 10 exercise
great control the gold market, and fleece
the majority OF outside operators pretty much
they desired but the effect OF the Frightening aspect
OF the military situation upon the popular mind be
resisted and ncia props which before proved SUI!
ncient sustain gold premium II from 240 $50
are no longer .trong enough TO eek or reverse its
natural tendency and therefore, II must continue sink
still towards its true value relation the
rency We do not say OF that 1t will be
likely reach thai true leve which have estimated
10 De sixty eignt remlu making the currency uoiar
worth hynne cents, instead OF forty -four, now but
1t is not unreasonable to expect that i will fail
fifteen twenty per cent ION par) lower, and
remain FOR a considerable tme in the absence OF mpor
taDt military political events, within fifteen per
over 200.
The clique referred to- alike with others o. minor i'm
porarce been derably weakened By the
Decline and is therefore, rendered comparatively harm
less to the ural Of gold 1t chiefly
owing that gold suddenly 2s5 after the pas
sage OF the hadvised Gold bin the l4sh OF June. ard
II has been chiefly owing to the capital credit OF It's
members that the premium remained the high rate
which has marked its since that time This clique
has dsbbed largely in foreign exchange ard en-.
joyed banking facilities which enabled il, 20 lend
or borrow gold in a and 10 extent which
10 little imagined by the majority Of those whom
the figures Of the weekly bank statement solrce
OF The clique thus enabled 10 rise
f the market and pocket the profits OF the opera
toaa species Of gambling about as fair as playing with
loaded dice II arge shori contracts had 10 be filled /,
easy enough for the clique TO borrow thout going
into the market to buy and from those boards too sup
posed to be sacred from the borrowers touch. The
clique still large holder OF gold and This where the
shoe pnches, and It's weakness s et. Ibe ruin
OF such specu alive combinations would he great public
beneat They the vampires Of the hnrncial world,
and thrive upon the lmrovershmeDt q others and In
this case, OF the whoe community
rumr started the street today 70 the effect
that Mr. Fessenden was in negotiation win a
well known house Exchange place for the sse
OF the entire hundred millions OF gold bear.
ing bonds at his disposal under the four hundred
million act OF last June; but this aim st too
absurd for belief, although it 10 within the power o. the
Secretary OF the Treasury TO make bargain he likes
for the disposal OF these bonds which constitute TIE
naming half OF the tseveuhrty Treasury roel lo.u
,ha We tul ~ hNra ALL tCy
ourselves FOR moment TO suppose that any
sane aui homes. man, acting Tor the govern
ment would enter into such 8 private arrange
msnt and have reason 70 believe that for the next
six weeks least Treasury loan Of any kind will
be placed 90 the market The receipts from the seven
thirty the increase, and the rise e about
two per cent which likely TO take place 10 the
market price the per cent gold bearing bonds viii
stimulate subscriptions TO H. The total subscriptions 10
the oan up 10 yesterday $50 e3 ooo aud 10 the
ten forty loan IS ,ce6 600
A telegram from Wash ngon announces that the sus
pended weekly statement OF the naohsl debt 10 be re.
placed by a monthly one. We apprehend that Mr. res
senden sees OF bis way 10 this particular and
proposes monthly statement because !, Is too lse 10
issue fortniehty with good grace, now that more
than two weeks elapsed since The Issue Of the last
weekly As 10, be may hope 70 be allowed the benefit
OF the doubt that when be suspended the weekly be
meant 20 substitute for II a monthly statement.
the movements in foreign dry goods al inis port for
the wee ending september "a were as ioilows'-
Packages. pdlgc
Fotcred for cousumption. ....... s65 500, so.
w,,bdra vals .,.....,......... 2,so6 is3,t5a
warsh,used ......,......... 2,slI 3le,sss
Total. o,IeS "a s'o'se'
Tue report Of he Bsnk Comptroller Of Wisconsin Tor
Iuvus, shows decrease 10 the circulation q $lo,eoS
che total outstanding being 81. .s54,oso
he condition OF the banks Of Massachusetts,, exclusive
Of those OF Boetoo for the 8ve weeks ending Sept s.
thss reported -.
Loans ard dtscoun "a ,0l3.515