The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-01-24

cscs and caused consderEble uneasincss among spec
ula.ors generally. We give few extracts to show 70
Whit cxtsnt the delreson manifested itself Tho rh
aGelphia Ercss Of to-day-eays:-- ea&t-= eA-
The stock market has yet recovered from the shock
which the fail OF gold Thursday and Friday sensi-
BIZ produced upon prices Ga Saturday Noticed a
continuance of that fevesh excitement which + often
the torernnner OF general panic Government loans
Only manifested an thing Ike stCadnass while railroads
ana other securities were considerably unsettled. The
continued success OF tho army aud navy have begun to
ca feeling Of caution regard extensive opera
ucns or any Kind, for tho elements that have
brought abo tho sudden decline IN tho high premiums
on gold may, 1t IL feared produce similar result in
other cases of imitation This though In measure pros
peotive has caused Increased ccnpecton on the part
OF many Lenders who have suddenly become rather moro
particular about securities and margins than they
were in the earlier part OF last week.
The Cincinnati Gazete of tho goth inst contains the
following
Everything, financially and commercially, panicky
to-day. Gold fell In New York, in the afternoon, TO
2l0s but the depression in prices Of stocks and
modties exceeded this The impression Is gaining
ground rapidly that tho end Of the rebellion Is not far
distant and in proportion this feeling obtains, people
look forward to levelng Of values In regard TO rail-
road stocks il see ms strange at first sight, that shares
which full dividends have been declared and prices OF
which arc already below par, should be crowded down
still further but operators understand that soppage OF
would knock the bottom out OF railroad earnings
and that for me at least the business would relapse
into tho unfavorable condition experienced during tho
first year Of the Take the war business of the rail-
roads and out Of tho markets, and there would BIO
vacuum which cold only DO filled by readJastment OF
trade. whether expectations the duration
of the rebellion realized not, the impression that
we the end uppermos in New York to-day,
and it not the decline in gold much as apprehen
sons that tho time for sweeping eycllng OF values such
as must accompany the movement looking directly to
peace, Is approaching
The following is from the Chicago Times of the goth:
The present tcndeny in commercial crclesis decidedly
"panckyn Everything Is going down with q rush and
bids fair 70 go owor with promised result far from
pcasuabe to Spectators whose depends upon
continuous enhancement OF values, rather further
depreciation In currency This decline IS very easily
dertood arising in part from tho operation of heavy
'shortn interest in New York but mainly TO tho very
favorable character presented by affairs in the field and
Cabinet Tho capture Of the MET to Wilmington
effect not felt at once but i ono whose great Importance
10 gradually be NJ felt as the OF the capture be
circulated through the South In addition 10 this sber
IS advancing in the direction Of Charleston and the
silence VIII prevails that quarter be broken
any day " the OF val before that y the
capture Of Some or its Important ra rOad come olR.
We know that troops from Thomas being sent 10
niofoe ms columns, and these added 10 his already
not Insignificant army OF veterans, viii make his
force inyiuclbic The arrival Of Sherman be-
fore Charleston may BE- accepted rs equivalent
to its capture. So well Is this fact known that
the mere marching Of his troops in that direction has
sensible elect upon the gold market The taking of Mo-
bile IS also confidently expected every hour and this
Renaissance IS not wtout it's effect upon currency.
Wero all these things not Sufficient to account for tic
present decline in gold additional msy be found
in the constcrnat and dependency which prevail
throughout the confcderacy, and the seemingly well
auhen atcd rumors, that prominent portions Of tho
South are taking active steps to their original re-
atoms In the Union.
Tho Chicago Tribune of the date refers to the
effect tho produce market that city follows:-
Yesterday gold went tunblng down quicker than was
comfortable to holders of high priced produce, and
perfect panic took place In wheat, during which prices
fell 14c 15c per bushe below Wednesdays ruling quo
tations Provisions were dull and the sales light,
that market scarcely established but primo mess
pork was sold at decline Of 81 SO 50 per barrel
former prices.
The Boston Advertiser of to-day thus refers to tho feel
ing in that city,
There Is more demand for money which Is less freely
supplied in consequence of tho disturbed condition Of
affairs. The first class borrower, however, still finds
ready accommodation easy terms business continues
unsettled by the ecne in gold and offers feat1re Of
dered condition. and shares heavily pressed for SALE
The list of dividend paying shares shows variable quota
tons, but in most without csseEt al improve
ment, aud In some lower prices were accepted. The
speculative classes with few exceptions remain duh and
heavy.
The County Court Of ST. Louis county has ordered the
issue Of hundred thousand dollars OF bonds tho
ssouri Pacific Railroad Company, to aid in extending
the track to Kansas City, where 1t Is intended meet
road from Lcavenworth, Kansas
The directors Of tho Michigan Southern Railroad are
taking steps harmonic the claims of tho guaranteed
dividends say sixty per cent II Is proposed to give
them thirty per cent, payable in form in tho
stock settlement of this character would give
value to the shares It would set at rest
all litigation. s tnMa
A bill has been introduced into tho Michigan Legsla-
te to confer additional grants Of land upon the Grand
Rapids and Indiana Railroad