The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-09-17
FINANCIAL AND CONNER GAL

MONDAY, Sept 1e-6PM
The gold market was FREQ from excitement to-day and
the volume OF business moderate. The fluctuations
were from IA to 1441, with the opening and the
closing transactions at li4S Cash gold in abun.
dani supply loans made without interss. and
i per cent for carrying. The gross clear 49,.
amounted ss6eS4 oOo the gold balances to 81 -, ,so
and the currency balances to 81 sos.ao2. J.
OF specie at the port last week aggregated ear 700
fact that the foreign imports at all thu mort. d,n
last fiscal year exceeded the exr ,,,s ., ,.,,. -.
than sxtythree millions and aat tho crrrsr
lions are largely in excess exports gives 1r nm
oerlono 70 inc premium apart from the other causes po
hNcai ana which influence it; but it is
Ine'eSs' 'or' ga all things considered The attorney
an'm oe'op eng TO the Gold Room sold large amount
OF gold az ifls after the market closed Saturday
ana ms principals having repudatoi the sales, the
maer rs likely 10 come before tho board for settlement
Tho railway share market hiss bean unsettled. uEder
the combined efeo. OF concerted efforts to depress
prices and the tiEidi,y inspired among the balls by
the advance in the rate for money. As. however,
money practically easy for all necessary purposes
1t was before the change took place. there IS no
reason why holders OF stocks should borrow trouble by
anticipating stringency. We merely entering upon
o stnte or health'ul monetary activity than We
have experienced for SONS months past during which
time money has been drug and speculation has Ian.
guished aud there is nothing seven per cen.
market disturb pricss Stock Exchange Money
only serves as pretext for 'beariug' rail-
way shares, and the bears may as well use
this for their scarecrow as anything else
Thor only object Is to I'LL their pockets
by deprecians the property OF Others and it matters
little to them what means they employ, provided the
end in view is accomplished. Whether stocks so up or
down is matter Of consequence to the outside public
but as between bull and BEAR there is nothing in the
condition Of monetary affairs which should secure the
triumph OF the latter, and the earnings OF the railways
are with two three exceptions largely in favor Of
higher prices Tho feeling OF dstrust this afternoon
was increased by the reported failure OF house in the
tea trade in this city, aud another cotton trade at
Liverpool.
III, money market Is abundantly supplied with CAPT.
tai but the general rate for loans mixed coaterals
six per cent the transactions at FIVE being mainly on
government securities. At the same time loans out
standing at five per have put up to in
many instances, and some OF the principal dealers in
governments have loans from banks still standing at
four per cent. On the other hand two private
banking houses have advanced their rate for new loans
TO seven cent and there talk OF an effort 10
make this the general rate tomorrow, but there
no important transactions above six cent to-day and
shs Is sufficient to show that the market is easy enough
FOR all practical purposes and that approhensions Of
monetary strngency are, TO say the least premature
There s very moderate demand for discounts and rst
class commercial paper passes at per cent The
disbursements Of the subTreasury during the week are
likely to exceed ts receipts and the indications ia
vorsblo to q quiet and easy condition OF monetary
Affairs. Lenders arc naturally DESTROYS Of advancing
the rate of interest to per cent, the sooner
this reached the better for the bulls on the Stock Ex
change the fear Of the effect of that rate causes
more pecuatlve iracon and general disturbance than
the 40 ua advance would. Provided the supply is ade
suaie, the rate matters little TO Spectators
The statement Of the associated banks OF the city for
the week ending on the 14lh ins shows decrease of
"a $50, $40 in legal tender notes. s2095 339 in net
deposits The other items have experienced an Increase
namely the loans and discounts So $50 O27 the specie
e2l7327 and the circulation 1907 0oe The totals of the
present aud previous statements stand foows and the
EGhlh National Bank makes It's return for the first