New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1865-08-08

MoSpAY, Aug.7-r. NJ
Gold cpcncd ri lii brt soon ill to 1891, aad
closed ~ if3i. Tho supply Of gold 10 abundant,
and thc market not strong.
| Government stocks aye strong, and The gold
bearing descriptions in demand. For the 1903
tie iayes.inan, inquiry is steady, II iu!l rates.
Railway shares aye lover upon amolorato bci-
ness. Emo opened upon tle stlcct et 81, aul ,oil
~ low a. 81, closing ut 81. The remainder of
tao maAket Was equally duh, under f'lrs caused by
an unilyoalls bank statement. Alter the bank
/ frlrcs wcro made public The market rallied and
slocts were in demand The closing quo,atoRs
iwcre: Ncw-York Central %; Erie. sii; Hudson,
! liz; Reading lccl Michigan Southern, ca;
Cleveland and Pittsburgh, 20; North-westsrn
Preferred, o.. Market closed strong.
! TIE Bank statement shows another decrease IN
legal terlers, depOats end loans The contraction
Is not greater taan was anticipated and the report
has not alec d tine quotation for money 10 brokers
The demand for loans ny stock houses is very
moderate and the suia boIro WING required TO carry
stocks from day to day is readily found. Afscr tho
deliveries arc Iaads balances freely offered aboat
tie street a; Co7 per cent In Commercial bills no
Charge Prime names, 40 per cent, aud second
rate, 20 Ql2 per cenk
The time IS close ~ hand when there will be a
demand for more capital to move the crops, and
lenders vii bc abie 10 make legal Interest readily.
Full employment for money at per cent 10 not to
be the occasion for permanent sale IN The shares
OF transportation companies sold at the Stock tx
charge, but the reverse. Tho Railway share list, as
whole, is selling at rates which will give investors
~ largo income as Government stocks pay.
The natural business OF tho country
must be done upon these roads, no matter
what tho rate ofintorcst my DO, and they are sure
to show gains their traffic from year 20 year. III
September, October and November, the business
upon tho roads Of the Middle and Western States
reaches It's highest point, and will tell upon tho
market prices Of their stock The drain in deposits
iro,n the banks Of the Atlantic cities in the past
four weeks IN the form OF legal tenders represents,
after dodrcting tho loss in discounts, the money
put in circulation among the people to give new
activity 70 all departments of business. The first
effort is to depress securities but the final result
viii 30 increased value h them on the ground OF
permanent growth in their business III common
with tle country
Tho course of the Government IN relation 10 the
taxes on sales Of stocks Ivy brokers on their
count promises 20 make serious trouble. Brokers
take the ground that until Judge Nelson's decision
is overruled no tax OF that nature can be levied !
and refuse TO make returns including their private
business. Tie assessors decline TO accept anything
but full return, and the officials thus left to
assess 10 tho bost OF their knowledge, adding tho
penalty Of 80 per cent and to collect it by focble
lew. No class oil taxpayers has egualed the
bankers and brokers OF Now-York in prornptnoss
NJ aer the law, or in efforts to sustain tho Treasury,
and it is to DO regretted thG so powerful and loyal
a body should be forced into opposition to the Gov
crament by an attempt 10 await the decisions Of
United States Court OF competent Jurisdiction.
The business of tho Sub-Trea&nry was: Receipts,
81 ,sos. 755 S3-for Customs, $nl 200; forPayments
b 90. 767 sion account Of Loan, SLY COO; Bal
.nc,, $50 ,677 so.
T'Ac following shows the condition of tie New
York City banks:
Jnly 20 Augh
loans f232,3 $50 s2l9, 71 Dees3 29 l76
specie 2c,713, 1855 l9,4oo,3e0 Dec. l,313775
cncuIation lC654H 1Gt,JO Inc 5M9l6
deposits. w lsG7c6i7l 1T.s45@4 Dec sSlss9I