The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-07-17

Goi sold down to 49, the street early In the
sorn;og, hut tho opening quotation in the Exchange
room l4ss4. from which point there was an advance
10 1875 The market, however,, lacked strength, and
gradually declined to l&s the closing quotation. Loans
made without interest and per cent for
ing -, .,a
issons awcrs wore indisrosed to lower their rates
>" conseq-rce Of the in nve-twenfies
abroad sixty Gays bills on London quoted by
mem o'ss short sight ioi but there were few o. ~
buvers - tse rates hana I'''ne long dste
bits on Ehriand wero sold At 100. The advance or I'VE
t~enies 70 ga \ in London leaves margin for
proat the shipper OF g.. per at the present
prices Of geid and bonds, and but for the sense
Of Insecurity which prevails regarding the stability
OF vsiae rather OF prices here and abrrd TINS a.
ference would operate strong indu"emcnt In i5sor
Of shipments from this SIDE but eva under present
Is likely 20 exert al influence IN max
ing the pr.ce Of hvctwentics ife aud In London APP
pcxms,e closely by a5'ancing them ON this SIDE.
and is general expectation that tue oonds Oh
Issa viii con touch no but this will be impossible
without firm MARKET for gold
Tue National currency Bank has this day declared
d,y deud Of per cent for The last quarter Of It's
asoal rssr and carried per 10 It's surplus account
We this fact simply illustrate the poverty in
vh,s tie national banks snd themselves, aud upon the
y~es Of which hey recently pettoned Congress 70 re-
due the burden OF taxation resting upon them. In oar
oV.nion tue their circulation, capital apf de-
vc-i,s ought 10 be increased instead OF Diminished.
ssd the heavy subsidy they receiving In
ths form ~ interest their bonds deposited az
che iags Of circulation should DO aooiisneu
TOE preent Congress will be pssiectins Its duty
i ss- TO amend tho Nations Currency act In this
Important particular before 10 adjournment; but tho
probabilities are that will neglect its duty Neverthe-
ssss il viii not % ,ery long before the people demand
ao,aca reform at the ballot and this will involve
She cutir, aoson OF all the privileges conferred
npon lie NATIONAL banks aud tho substitution Of legal
Tenders IL, p the national bank notes in circulation.
There Ga project before Congress for establishing an
1a,uroee al Washington supervise insurance.
.ompaaic. srd withdraw the control Of tho from
Abe tspecvc tate governments This, think, is
not soil Juev cable general grounds bu,a uncalsd
FOR with State authority. The Insurance Bu
roau NJ, wanted except by few interested parties
should 40, hc created and the States much better
able to look after their insurance companies than
.he government q, Wash ngon would probably prove
ltseis 10 ~.
Petroleum and mining shares quiet Al tho sec
a. board Consolidated Gregory closed at So Dosnie
vile Gold 5lc Gunns Gold 81 OF, New York Gold " 30
smith h Parnelee 90 49, Quartz Hill - %, Webster Pc
tro,eam Csc Beunehon Run 81 TO- Central 81 80 United
states " -.
The business transacted at the SUB Treasury In this
ely to-day A. follows
Receipts s. 32e 543 ror customs. .t5za w W
Payments ..... 02c6,7 is Goid ho'es....''. o'VSo
Balance ...... ss,35o,vS2
The cash balance IN the hands Of the Assistant freas
msr in pos,on Al the close Of business July H. WIS &c.
All "a, an ncresse Of $50 ois compared With the
clos, or tho previous week. OF this amouutsesl'ss'
coin an Increase Of i1os III over la< report
me Total value Of exports Al Boston 1cr ne week end
Inc july ~ including specie, "a s4N,'s'' against
sgga III ior the corresponding week 10 ioo'
Judge yergcr, Of the circuit Oourh SUING NioH
NJ. rocsr,y decided tha, The cooperation Of that
h.d ~ mower 10 tar the national bank there. either
ssr license o. upon s stock or current business because
s.ca ,srcs ave rcr,gnant the q, Of Congress esiab.
tssus and regulating the national banks Of the country