The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-10-01
FINANCIAL AND CONNER clAL.
MoNpAY. SEPT. so--sp. N.

r. N.
The gold market has been dun to-day and without
much speculative spirit Tho opening price was 1882,
followed by an advance ls3l and q decline 70 I43
bet the closing transactions l43k Cash gold
continues il abundant supply, and Ioaas made at
a per cent for carrying The gross clearings
amounted % only ss5.Oo5 900, the gold balances 10
slo4 1899 and the currency bal ances to 81 500 Ooo
The condition OF foreign trade not favorable to
weak market Tor gold The imports al the port exclu
ave o. specie, since the beginning OF the year were
valued at q little more than two hundred millions
IN coin, exclusive Of freight and charges
and without allowing for undervaluations white
ihe exports during the time were valued at
less than hundred and thirty three millions in cur
rency The activity OF import trade resulted
brisk demand for coin with which 70 pay the customs
duties the receipts at tho port since the LIST OF January
having been S94 $50 65 against s1o4 $50 for the
corresponding period in 1885, The coin disbursed
within the space OF in payment 81 the inte
rest on the public debt $40 25s. 765, against
ssl $50 for the corresponding period last year The
heaviest payments in May, July AM January
the totals having been respectively sl6,S0s, $40,
$l1,S 37s and s7,4s6e45 The November interest
viii be still heavier, the total being not far
from twenty-five millions Thus the Treasury
win be drained OF large portion Of its reserve, and
view OF this 1t should be strengthening tho latter by
boarding coin instead or weakening it by selling the
precious metal the effect OF large Treasury bal
sncs in gold being important element in sustaining
confidence the public credit Tho imports OF specie
tho port last week aggregated s64 1884, making total
OF s24s go the LIST Of January against sso75
for tho period in 1885, American silver quoted
a52 ca below the price OF gold Mexican dollars
a. lo2 lo2k in gold.
Money was in good demand, but the supply having
been fully equal to 1t there difficulty experienced
By borrowers in fair credit in obtaining all the
mediation they required; but the strictly
per cent, government securities First class
commercial paper is quoted at the samo rate by the
banks, but they very careful in their scrutiny OF
names, and that which IS rejacted BY them has SUBJ
to per cent discount among the brokers'
The OF the associated city banks tho
ending saturday shows decrease of 3l6 in the
loans and discounts 81 l6. 500 in the deposits and
$1,7l5s59 in the legal tender notes. and increase
OF SS7S,635 in the specie, and $40 s27 In the
circulation Owing, as Is supposed to more than six
millions and half OF currency having been sent by
press the West and tho South during the week
generally oxpected that the red Of the legal tender
would have been GREATER but the difference
tween the amount stated have been sent away and
that lost by the banks according their return may be
accounted for by the disbursements OF the Sub Treasury
which appear 70 have exceeded the receipts by
nearly three millions Allowance must also be
made for certain proportion OF the remittances
being in national bank notes. as we'll as for
receipts OF currency from various sources at
this centre. The liabilities OF the banks in deposits
aud circulation amount to s2l55s66 79, tho legal
OF twenty-five per cent upon which would DO
SIS, SOC 900 The actually held by them in
GLIDING co:E S65 Asst ESQ., being Sill 02o In excess
Of the legal requirement. bat the in only
e2oeAs57. The present and last preceding statements