The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-01-13
FINANCIAL AND COMMERCIAL.
THUasDAY, Jan. l2-6P. n

TEUasDAY, Jan 12-6PM
The stock market depressed tie FIRST board the
sbear interest being strengthened BY the weak and
settled state Of speculative feeling The gold The
closing sales showed decline from those az yesterday
second board in Erie Of ~ New York central J. Hudson
Rverl, Reading ~, Michigan Central "a Fort WAYNE
l3s, Michigan Southern IL, Illinois Central -, Ceye-
land and Pit,sbarg 2l, Chicago and Northwestern =,
preferred Ia, Rock Island s. Qui ksyer ~ Aaiposa
opened al . and reacted q l0is.
Government securities strong and moderately
active Coupon skies, 1881, advanced Il II, i've
twenties AZ ten fores, a. Certificates sold at 975a
At the open board, at O'Clock, the market was
higher The second regular board the improvement
was maintained AS compared with the morning
prices Ede advanced X, New York Central n H dson
River Y, Michigan Central ~, Michigan Southern n
Cleveland and Ptsblrg x, Cumberland Coal |, Quick
silver |, Mariposa l9s Illinois Central declined a. Read
ing y, Northwestern Il, Rock Island "a, Fort Wayne a.
Government securit cs were lower Skies, 1881, de-
cned % hye.twenties ~ new issue ~ ton forties
haA
At the open board, at half-pas three the market
covered aga n, and Erie closed at s3A, dson River
109 Reading 1l3H, Michigan Southern 725, Cleveland
and Pitsblrg 9S4, Rock Island l024, Northwestern
36x. Cumberland AZ Marposa la7s.
The gold market opened weak ana excited under sales
by the bcars and spec laons concerning the result OF
the visit of the Bias Richmond well the general
aspect of tho military situation. IL also rumorcd
that call for convention OF the rebel States had been
ss ed the object being depose Jefferson Davis appoint
amary di ator in his stead, and If considered desirable
conclude peace with the North The gold spectators
have for the last week stood in fear OF the future
movements OF Sherman and Thomas, and the rumors
with regard peace negotiations well the removal OF
tho incompetent and deseryeily odious Butler, have
streng hened their bel ef in the possb y csry
termination OF the And under these appreheusious
the market has yielded, and spectators generally have
not been slow to take advantage Of lie predictions OF tho
press and operate accordingly.
not moons der,ble ''shortn interest has thus been
created which may temporarily x the dec 10, but
if military events pro present indications
lead TO expect the gold premium viii continue 81
descendant, with spasnodc ilyiugs ~ frequent n,r
walls How great or how permanent tbe decline mas BE-
will depend great extent upon tho haucill roiGy Of
the government Tn s lar IL has "a andoJed its y
stance rcckle,sly, and invited national bankruptcy
within the shortest possible time bit tic H.
herent strength OF the colntry hns prcscrgcd
it from the disasters which wo,id IN all probab lily
have overtakon any other nry which Iaieh! ha,c
incurred similar risks by q al exhibition Of slo-
rance, shortsighcdness and corrupt in high p.acca.
Nevertheless, however proms ~ the mltary and poi-
cal situations may be- the danger yet past tic
most urgent need for legislation upon the subject
OF our finances Congress, the Irs ~ and the people
must not snlcr thenscl. 10 b. dcudcd MO Il fasc
sense OF security BY The rey.pin confidence the
turn OF peace and gar.n strength through
out the land Even the term mai On OF the does
not guarantee against the evil effects Of
financial Encouragement rr military success and inan
cial prosperity are b. always Synonymous
France, whom in the moi. ut of her military glory under
Napoleon was never more utterly bankrupt and dscrot
Mt.