New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1865-09-18
SATURDAY, September l6. P.M.


SATURDAY September 16, p n
Gold opened at 1929, and closed 1881. The market
n barely steady, and its chief strength comes from
She constant buying for Custom.House purposes.
Gold-besring Government Stocks, undera revived
lpreign demand and the denial of the absurd re-
ports in regard to new loans by the Treasury are
stronger and in demand. Border State Stocks are
strong and wanted. Missouri Is sold OF 76i all,
IN advance Of q per cent. The Miscellaneous
Shares we're steady. Pacific Mail Scrip rose 5pef
cent The general railway share market was strong,
and holders not inclined to sell at the improvement.
Erie, good test of the market, closed at 81, as
against SCI last night The ease in money, and the
continued large traffic by the railways IS whole,
encourage holders in the opinion that as the season
advances railway property will command prices re-
presenting the volume and profit of its currentb bust
ness.
After the Board on the street, the market was
strong Erie selling at ST. but later in the day the
market reacted and closed dull.
The closing prices were: New.York Central, 93i;
Erie, 81; Hudson, ll0l; Reading, lO7i; Michigan
Ssuthen,6s Cleveland and Pittsburgh, 7ll; North
Western, %; The Preferred, 62l; Rock Island,
N2i; Fort Wayne, Hl; Ohio and Mississippi Ger
tihcates, %; Canton, 3si; Cumberland, at;
Quicksilver, 49,; Mariposa, F2i.
Money is easy, and the supply on call is very
large Al sac per cent any amount can be had
and is an exceptional rate. In commercial paper
no change. Best names pass at 81 per cent There
h large business in compound notes, and they are
regarded as one Of the best securities for the tenn
porary use Of capital to be had As collateral they
are regarded with much favor by money-lenders.
There is little decrease in the volume of business
doing BY merchants, and on all handsitis conceded
that the Autumn traffic of 1865 exceeds in profit
and extent anything in the history Of the city.
The bubble in domestic goods is diminishing, and
~marking down. is still tho order of the day.
Stocks are steadily increasing, and bleached cot
tens, which rushed from 80 to 60 cents per yard
upon the descending grade.
The business of the sub-Treasury was: Receipts,
g., 46O,O9l l6-for Customs, $2s7 900. Payments,
81, 462,S72 94-on account OF Loan, 1854, 900;
Balance, 81, 34O,775 10.
Freights are firm. The engagements to Liver
pool are 100 hhds. Tobacco at 22s. 3D., and pei
steamer 1000 bushels Corn at GID. bush. of Sc h.
The charters ship with Grain, if to Cork fol
orders at 6s to the Bristol Channel at IS. Cd. OF
Penarth Roads at S.; bark to direct port in
ireland at S. 3d., and vessel from Portland, Me-,
With Timber to port in Spain at $l2 so.
The receipts on the Grand Trunk Railway, for
Ahe week ending Sept. 8, were:
1e65. .t3o COZ sl24 100 Inc. SIS AS
The earnings of the Chicago and Northwestern
Railway Company, for the second week in Sept,
1S65, we're:
1s65 s2o4 ss5 a 1864 ..sl5I sa5 81 Inc e53 24s n
The following correspondence was read at the
meeting Of Bank Officers on Tuesday:
Nrw-YoRK, Sept T. iess.
Notes by the Newiork Clearing oue Association 10 to be
ssy. Your simple expression on this sueci win have srs.
weight. in fact bank officers reluctant 10 until
s.y . L.. o. ,hs.oe s The a,os
yos say in word-r whether IN your opinion IT ia adj
Of redemption Of National Bank Notes by sealing and
earning them 10 their place Of Issue formerly And I'd,
ed 10 promote toe welfare Of the c6umuny and the sta
Ai,y Of the banks themselves.
Your immediate repy will greatly obre the bank officers,
tie meeting refeed to kes place houdsy Tuesday
1KKAsyRy DnParrnRST, SEPT. 8. 1865
DEAR SIR: Your favor Of the eth received have
merely tine TO cstegorcay questions without
Argument and without tempting 70 give rea,ona
Ny opinion 10 tbs the National Bsks ongnt redeem their
the commercial enfers; ard thsth syst that shS
compel fehen A mot b. done rOiantd,i redsmpt' at
ksiions banks and that ect Of such system would bc
advantageous the peope ard 10 the banking system.
The points at which redemption should BE made those
which the interior banks In conformity with the OF
trade, keep their bank balances. am. very truly yours
ii. McCULLOcH.
This letter, as we supposed, was not considered
. very stron, Endorsement of the proposed plan to
xun the country banks and does the Secretary great
credit. When Congress meets he is the proper
party to propose changes in the mode Of redemp-
tion, and his suggestions will have an influence
which will go far to secure their adoption.
The following gentlemen have been elected Drec-
tors OF the Albany and Susquehanna Railroad
Company for the ensuing year: Joseph ii.
Ramsey, Jacob Leonard, Peter Cagger, Edward
G. Deleyan, Albany; Charles Courier, Cobleskill;
John Westover, Richmondville; John Cools,
Worcester Jared Goodyear, Coersvillc; Eliakim
X. Ford, Oneonta; Arnold b. Watson, Cnadilai
Louis Nor,hrup, Centre Village; Alonzo Everts,
Binghamtoni Daniel Drew, Ncw-York. Atameet-
ing Of the Directors, Joseph II. Ramsey was chosen
President, and Jared Goodyear vice-President for
the ensuing year.
The Railroad Journal says:
Henry Mevs Of California notoricty. has closed a
contract TO build railroad from the port OF Tonga 10
tie mine OF Iamayo. 10 Chill The contract stpUlates
nat Megs fails 10 complete the road In 10 months
~ bohdsmen IRE 70 Day tbe Company $1,000 for each