The New York herald., 1869-03-23
FINANCIAL AND COMMERCIAL,


MONDAY, March 22-eP. N.
The feeling on the street ut the beginning OF
business this morning an uneasy one, operators
and brokers being more than usually disposed to
consult the signs OF tho future. The condition OF
She banks to meet the crisis In money which Is ex-
pected with the advent OF the 3lst inst. continued
The subject Of much speculation and the feeling was
80 much altered by the bank statement OF Saturday
that the 'bears less sanguine OF crash, while
the more conservative, or rather the Independents
operators. who fight on either side or the line, as
suits their fancy, were hopeful that quarter day"
would come and go without any great strIngency.
In considering the influences likely to afect
the money market for the next two weeks IL shou Id
not be forgotten tnat many engagements have been
made for periods bridging the expected time OF
activity. The bank statement on Saturday showed
q gain In legal tenders to the extent OF over
000.00oa condition altogether unlocked Tor with
tile present direction OF the for greenbacks.
IL will be remembered that the Sub-Treasury re-
ceived during the week about $4,000. 600 from Wash
ington and country depositares IL is suggested
thar the banks have exchanged national notes for
legal tenders with Mr.. Van Dyck, to whom the for
are Just useful in the daily disbursements OF
hts oflce; hence the strong position which they have
been enabled TO assume in the exhibit In connection
with the question Of the money market 1t IL known
that General Grant and Secretary Boutwell, are de-
termned to stand between the mercantile portion OF
the community and the Shylocks who wish to para
Iyze trade and extort excessive rates OF interest," In
the previous regime the President was the tool OF
the revenue swinders, while his financial Secretary
was openly charged with personal interest In numcr
Gus specuatlons in gold and bonds. The new ad-
ministraticn has changed all that The individual
integrity OF President Grant Is the guarantee that
neither he nor his Treasury oficer will their posi-
.tion or opportunities TO gamble at the ex-
pense OF the business men Of the country.
Secretary Boutwell, Is earnestly thinking over
plans TO carry out the Presidential idea OF
national good faith and tine popular idea Of lower
premium on gold. There Is q balance OF over
400 COO 600 OF gold now in the government vaults
which he would like to apply IN part to She redemp
tion OF some OF our bonds. But q dilemma meets
him at the outset. The bonds could be purchased
more cheapIy with currency than with gold, perhaps
~ much one per cent But the sale OF the gold
would withdraw currency enough to produce panic
IN the money market which would be disastrous to
many Of our merchants. The desire Of Mr.. Bout
well is q very commendable one; but he should not
hasten TO crafty It before the infux OF currency
which sets in to the city after the first week in APRIL
Meantime, II ne chooses, he may put In operation
another OF his plans-the anticipation Of the pay
ment Of the government coupons-a step which
would doubtless tend to realize the popular wish for
y lOWcI pEcIulum OIL kOiu
Governments opened weak. through an apprehen-
sion OF active money and lack OF support from
foreign houses the reported decline Of oneeghth in
1vetwenties at London this morning not being CAL
culated to induce further investment. The market
remained steady and dull 62s sold at Ils1s at the
frst board, but were only 11S3i bid al the second
board the one O'Clock telegram from London an
nouncing further yielding to S3K. The market
firm at the last board for the 62's, but "of for
the old 65's and 67's. Subsequently street quota
tions improved in response to Q recovery both
at London and Frankfort The following were
the closing prices at five O'Clock this evening"
United States skies, 1881, registered, 1854
11ok; do, coupon, 116H 1l6K; do, 5-20's,
registered, 1884 ia; do, coupon, 1862, 1lsS
1ls%; do, 1864, ll4ss 1l4ts; do. 1896, 1lo,6
1i6X do, new, 1885, 1l3x 11sX; do, 1887, ll3a1
ll32l do, 1868, 1l3ka 11ah; do, 1o-4O's, regis
tered los q 1861; do, coupon, 1861 1855;
currency bonds, 1857 103X.
Sold was consistently sympathetic with the foreign
quotation for our bonds, opening at 1919, selling
down, under the pressure Of the "bears," 10 131,
reactng again to the higher figure with the further
decline OF fvetwenties In London and yielding late
n the day when an Improvement OF y at London
and OF 4 at Frankfort was reported by the cable.
srha range Of urtc0 e follOws.-