The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-10-05

Ohion OF the money market. The deposits have de-
creased 81, 157 the legal tenders So l29 and
she loans 81, 7la67s; while the specie has been
duced $s4e,l4s and the circulation has increased
$lO4o35 The totals OF the present and last previous
statements are subJoined:-
Sept &C. oct. 3.
Loans. s271, 27a, 5a 500, b5s, 1893
Specie. ................. l2,60S,4a3 1l,757,335
circulation. ............ 34.05O,!7l "a, 500
Dcposits. ............... 2OZ,Oos,54 l94,siviI
legal tenders ........... 63,5S7,o76 6o,240,447
The gold market was on the whole weak, and at
intervals greatly excited, and the price declined
steadily from 142k at the opening to 1891 on Friday,
after which It rallied to l4oh and finally closed yes
terday at five O'Clock at l4OH I40l4 The shipments
Of specie during the week were not much in excess
Of quarter OF million, while the receipts for
toms duties at the port were little more than
0oO and the Treasury disbursed $780, 1859 in
coin In payment OF interest the public debt. The
railway share market closed steady at the following
quotations, but Pacific Mail was weak at l17h, the
natural result OF q rapid advance from 1917 to 119
on Saturday, under speculative manpuiations, as
sisted by false rumor:-New York Central, 1854
1eo; Erie 4sX a ASH; Reading, 95A q s5zs; Michigan
Southern, SAX SAX; Cleveland and Pittsburg, s6h
s6a&; Rock Island, lo3H los>s; Northwestern
ssx 50; do, preferred, Ss,s s9,S; Fort Wayne.
A0l< 110h. eH
Government securities declined during the greater
tary stringency set in, the leading dealers appa
rently offering no resistance to the downward ten
dency OF prices while the bears encouraged 1t by SELL
ting 'shortn with considerable freedom. On Friday
however, the market turned sharply the decline OF
more than one per cent having brought into the
street a large accession Of investment orders, and
before the close OF business Saturday the decline
was almost entirely recovered, while the tendency
OF prices was still upward and the offerings Of
bonds were very limited The indications now are
shat the market value of national securities will
gradually improve from their present point, as they
are relatively cheaper than any others in the
country, and while railway and other stocks have
been steadily advancing for long time past, until
they have reached figures far above their real values
governments after allowing for the accrued interest,
have undergone no material change. AT nve O'Clock
last evening the quotations were al subJoined:-
Coupon, 1881, 1875 li31t; do, 1862, ll3 lf3h;
do. 1854, 110,s 10Y; do, 1895, 10Y Ill; do,
1865, January and July, 1851 100; do, 1867, 1854
100; do 1888, 1os a losA; 1910 coupon, 1olx los.
The foreign exchange market was dull and heavy
during early part Of the week, partly In conse-
quence OF the high rates paid for the use OF cash
gold, which increased the supply Of bills while 1t linn
tied the demand; but after gold became abundant
the demand for bills improved, and the leading
drawers advanced their rate for sterling at sixty
days to Ioe and at the close the market rm but
quiet and bankers bills on England at sixty days
were quoted ut lOSA 10a, at three days 1o9s
loe,S commercial bills los losh; bankers bills on
Paris at sixty days SCI 800. 34H
The statement Of the present and prospective con-
dnon OF the finances Just put forward by Mr.. Wash.
burne il the fourth OF the kind from different
that within no long period we have been called upon
10 discuss and we must remark that 1t Is apparently
the most candid OF all The FIRST one emanated from
Mr.. Wells, the second from Mr.. Atkinson, and the
third from Mr. Delmar; but these alike with the pre-
sent one were sngularly conflicting, both
"a TO facts and deductions. Mr. Washburne's
statement is apparently designed to refute
much that was said by Mr.. Delmar and to correct
his exaggerated estimates and while II presents
much more satisfactory view both OF the actual and
the perspective condition OF the Treasury than the
letter written by the Director OF the Bureau OF Stalls
ucs IL is free from the too sangune exaggcrations
which made Mr.. Atklnson's statement unreliable
M Mr.. Demar's both being decidedly ey pdrte, and
evidently intended to point moral rather than to
show the true state OF the finances. Mr.. Wash
burne's exhibit IL not as conclusive and
complete as we could have desired. however,
and that OF Mr.. Wells was srnarred by some OF the
defects which marked that OF Mr.. Atkinson. who "
his faithful disciple; so that out OF these four con-
Trajectory statements gather but little that Is
really valuable on trustworthy. and IL n probable
that until we have q change OF ADMINISTRATION aud
original minded man at the head OF the Treasury
we shall fail 70 meet with anything better than
these specimens of potco statistical zeal which have
seft the afIaisr Of the Treasury the public mind In
greater fog than they before. Mr. washburne
estimates the customs revenue for the fiscal year
ending June 30, 1862 at $4,000. 900 while Mr. Del
mars estimate Ia $3.50 900. The former estimates
the internal revenue NJ $780, 600 and the latter
nj &l22 100 00o aud white Mr.. washburne allows
900 for receipts from miscellaneous sources
Mr. Delmar estimates them at 81, 500, 900, exclusive
OF s42,o0o,Oo0 Of Treasurer's receipts. The re
suit is that there IL a difference OF 34s, $40, 90
between them In the estimated amount o
the public income Mr.. Washburne estimate
the expenditures for the fiscal year at t3o3
262 $685. while Mr.. Demar places them at s476s5s 2oi
inclusive OF the Post once deficiency OF 80, 600 0ot
The former therefore anticipates a surplus q
ses7s7 e3s and the latter deficit n none OF the ex
pendtures In hts schedule deferred, OF ti54 $50
2o2. Here then, we have Q difference between tw
estimates OF t22l, o7e $751; Neither OF these IL 70
credited and the truth will probably be found b.
tween the two extremes. II is reasonable TO loo
for deficit but not 70 anything like the extent PR
dieted BY Mr.. Demar.
The customs receipts at this port for the thre
months ending with september amounted :
s4.14o,2ss, OF which sp,237,s2o were received
A.a L..