The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-09-24
FINANCIAL AND CONNER ciAL.

yoapAy, sept 23-6P. n.
TIE gold market has been unsettled to-day dthoush
a.. ouepipg and closing TRANSACTIONS wero 40 tho tsms
prce-nameiy l4e but 10 The interval the fansaesions
were nom 1915 20 1is1. After tho adjournment OF
the board however. tho Gpoiaten deemed 10 1913
ASH OWING speculative sales based upon the cos OF
.srrglpg god osns having beer made ut pes cent
ga iayor OF the borrower during the morning. Tho
treasury IS supposed TO have sold about half million
during the dsy The imports Of bpeoio this port last
week amounted to $l53,oo Many OF tho spectators
''oearlne the market because OF tie activity IN MONEY
with view 10 'loading OlN al tho decline. but
she foreign bankers disposed 70 roy Taher than
so sell
The loan market continues TO absorb steno" IN WAN
snset, because It governs 10 great vstens pse course
Of prices the Stock Exchange and it j. grsdoay be-
coming moro active Tho demand was oFls' mp u TWO
o'clock seven Per cent with oxcspiors in favor OF
government secnrl,ieB unless. rertarS. IN SPECIAL
eases First ciass commercial pare, 10 ~ better
supply and although . st,l rated at seven per
rqut by the banks u has 70 sabm.t to among the
note brokers TLs sudden augmentation OF tte drain
westward has made the Banks extremely cautious about
exteniinJ their loans, and inspired good deal OF
imidty among borrowers. To his than any thing
also We may attribute tho revival Of panic the Stock
Exobapgo tbs afternoon Stocks pressed for sale
without regard TO price, aud The bears emboldened by
which carried everything before The promise OF tho
morning gave place 10 extreme depression and the
close Enc quoted OF toA 500 While the of the
railway list moved IN sympathy. The market las be-
far denorazed that nearly nil the brokers have
become bears N sef-defenco and they decline TO buy
stocks for any bu. thosewho prepared TO pity for them
at least TO put Up much wider margins Than
usually asked Hence the demand FOR stccss mainly
% cover 'shorin contracts. Lenders becoming
timorons and they also exact much wider marrying on
their loans than Is customary q eoady market, and
matters go from bad 10 worss, the loss OF conf
fence becomes marked aud the decline is
precipated. At present tho bulls hayo little TO en-
Ioumge them, but the longest lane has turning and
those who strong enough and bold enough hold on
10 their securities Until the money market becomes
easier, which It win doubtless do after the hrs
Monday in October when the quarterly returns of tbs
national banks made up likely TO End their
ward, for sharp upward reaction s inevitable How i,
may 60 in the meantime II would be Lard 10 ssy in he
rreson. unsettled condition of affairs.
Tho statement of tho associated banks OF this city
tbo week ending the 2ls inst IS the most unfavorable
enc that has yet oeNn made this year. and following that
Of the 18th inst, which showed decrease ga 4sO $40
legal tender notes. and 81 COS $50 in not deposits has
aroused fresh apprehension respecting the future OF tho
loan market. The legal tender notes have decreased
f7467 SIS, ard the deposits 81 4S2 $780, while the
loans have increased s633 $50 the circulation Sill PA
and the specie sa32 $50. The of the banks
regal tender notes il only g. 7ss, 900 in excess
of the legal limit o, twenty-five per cent On
doposits and circulation, but If include the
specie, which Is counted portion OF the reserve
che excess 10 $l 4ol7ss. The liabilities deposits
and circulation amount TO s219 eco 3sI, which the
,cgs reserve is sts9i5,oa6, while tho banks hold
t67 3s5 In legal tenders aud ss,6i7 49s in gold.
Ttis is the OF reassurpg those who look for i'm
-ea;ets ,"on-ouH..r' . ~. condition Of monetary az
stand thus ~ ~