Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1862-10-23
"a Prepared for the Rutland hsrald,l
Monetary and Market MATTERS.

/ ~ Prepared for the Rutland herald ttAAAI
- Monetary and Market MATTERS.
During last week the excitement among the brokers |
IN the cities was much greater than has been witnessed
for time Stocks and securities OF various kinds
had their upS and downs" some selling higher than
they have or several previous years, bu the principal
thing which attracted attention wasCold, OnIhufsday II
rose and touched at l3S Ia but during the day il
reoeded TO 1855. The rapid rise may partially DO atrib
ued 10 the Rebel raid into Maryland, parties Eu
rope who had funds here got frightened and ordered
their balances RENTED, Money has been so plenty
that some OF the city Banks have made loans and taken
specie as collateral security A. first sight this would
seem 10 be good operation, and far security is
concerned il is but It has been the Of aiding those
who deere 10 speculate in specie, controlling the mar
ket II the same course is continued, specie must id
vance but there has been some talk OF meeting 10
bank officers TO consider the propriey Of declining in
tuturo 10 make loans gold, and II they decide not
TO do it. and transactions in gold prohibited at the
stock Exchange as has been proposed by OF tho
MEMBERS decline in the market rate Of gold must
essariy follow. We stated last week that the scarcity
ofspecie was not the cause OF the high premium and
from careful examination Of the case and Oonsid-
ering the present large export Of produce,
WINGED that California alone Will very nearly supply the
legitimate want for shipping There but very few
persons that have correct idea Of the amount OF specie
now in the United States, Of the amount il has in
creased for few years past We obtain the following
figure from reliable source
Amount of specie existing in
the United States at the
commencement of 1879, slSOOO,OOO
Products Of Caliioroia mines
from l8i9 70 present time, sl,lOs,OOO,oOO
Other sources ofsupply with
ring tho same period, ss,OoO,OOO
Amount imported from for -,#.H
same period, la,ooO,OOo
Amount introduced by en-
igrants during sumo period pr ....
3,600OOO igrants, at $50 per
head), l05,0O0O0
Grand total, Sl,4l2,OOO 900
Amount exported 10 foreign
countries from lSie 10 pres
ent time 1910, 900 900
Amount consumed in arts .
destroyed by fire and ship
wreck, ETC., ETC., during
same period, 1900, OOO--624, O0O, 900
Amount of specie in the Uni
tod States at present time, 7SS, O00, 900
Theaboye figures must convince any one that we
have specie enough for all necessary purposes.
On account Of the scarcity Of silver change railroad
corporations and individuals have issued promise to
pay 10 facilitate business transactions. To certain
extent we presume it may be beneficial but if the
mania continues, the time may come when every man
that retas root-beer or peddes apples and peanuts
will undertake to make his own change. The govern
ment will soon have enough postal currency 20
the wants Of the people, and it is to be hoped that all
will unite IN dscouraging the issue of memorandum
tickets. All Will do well TO re-read Sec, Of an Act
of Con ress relating TO the matter whehwas published
IN Thursdays Herald. .... #s. .r.T.| ..4fn
Money continues cheap and plenty. The latest quo
$40 Treasury notes. los l-2 u $. fvetwenties,
l0i Demand notes (old issue, la IL Vermont Con-
trail R. r first mortgage bonds 23 l. Rutland and
Burlington second mortgage bonds 5; Gold, 1872. s.
NEW YORK MARKETS. 49, ....
COTTON There has been considerable falling off in
the demand to-day and with the decline in exchange
and gold, the market closes dull IA c. per Id lowero
Sales at auction of o6 bales Upands at 57c 207 bales
do at IS l-2 c., and Sc bales damaged at SIC.
FL0UR.-The market for Western and State Flour
is dull, and prices have declined Toe. per Dbl on
common qualities; high grades without quotabe
change. The sales l7Seo bbs at $6 So S. 60 for
Superhne State and Western. 80 81 for Extra
State So 80 $500 for the low grades OF Western Ex
ira a. 05 ~ 20 for fancy State 81 IS 81 so for
shipping brands of Round Hoop Extra Ohio and 81 IS
| GRAIN.-The Wheat market opened heavy, and
closed dull and per bush lower, influenced by the
decline gold and exchange and the great advance int
underwriters rates. owing TO the burning OF vessels
by the Confederate steamer Alabama; hence there
| has been almost cessation OF shipments, but
understand that rates fell &c IL per cent towards the
close the demand for milling is also quite limited The
sales embrace 1893 800 bus and consist OF H. 400 bush
Chicago Spring at 81 IS 81 244i $1,000 do Mlwau-
81 81 81 "a 49, 400 do Red Western a, 81 So 81 AZ
66 200 do. Amber do (part in stores at 80 81 Al
dull and somewhat heavy sales of new Canadian al
55u57o, and State, at SO So and old do at SO Rye
is inactive but firm at IS asa for State. Corn i
less active and 2c per brshel lower influenced by
the combined which have depressed the Whea
market; sales OF ST. 900 bush. at 81 6Sc for hot
and blueeyed! 66a67 for shipping mixedan 70 fo
HoPS.-The market is quite active for new; sales o
900 bales at Is 2Sc for fair to prime and small
lots of selected choice pickings at "a 25e, but thes
above the market since the decline in Exchang
and Gold old are dull and nominal. .ss-
| PROFESSIONALS Pork market is dull and lower
slesof $500 bbs 49, Prm
Mess Sl2 d4l2 20for Prime Beef limited deman
atsl3 so Is IS for plain Mess and $4 $4 so for Elk
ira Lard is less active and the market is heavy at tn
close bales of 100 bbs and ties the spot at 20 IL
| ii Ia and 1000 pkgs. for December and Janu
airy delivery at 10 l2 los Butter is in good de
mand and hrmer sales of choice and extra State at Is
Is C., and Western Reserve Ohio at IL Zoe. Cheese
in active demand and prices have also improved W
quote choice and extra State at 10 Ia II IL c., an
do Ohio at l-2c Eggs areI selling at l6 IL l2t
HIDES.-Snee last report the demand for Dry Hide
has been very actve land the transactions large at
advance during the week from Ia toll l2cper h. The
duced considerable speculation. We quote nominal
as follows Rio Grande and Buneos Ayres "a Is c.
orinoco IS LIZ Porto Cabello 20 p L. 22l2; DR.
Western 1Sal9o.; Wet Sailed do at Ia aSl4 c. Git
| Slaughter Ia c., and Country do. 5-4 acc.
sALr.--The market is quite firm, but the demand
less active sales of 00o0 bush. Turk Island, at IS
TALL0W.-The market is somewhat excited, and
better and quite active sales of 100000 Id at IL IL
l2c tor Western IL 10 ala l4o for Eastern andsoutt
! ern, and II III a IL l-2 for City #351
! WOOL.-Fhc demand Is more active, and prices al
slightly hrmer for foreign grades but there is esser
tal change IN Domestic sales of 100000 ID fine Eatiy
Fleece at SIS IS 100 900 do coarse and tide-washe
do. at sea 63 10000 Pulled at IS IS so bales
washed Cape at 50 c. an advance of c. per lb, 9th
wool cannot be laid down here short of 40c) an
Deen sold IN Donq Tor re-Shlpnent at
c., cash 350,00 h. unwashed African Mediterranean
Syrian and South American very full rates. II
/ rapid advance in the price of golde and exchans
with the Improvements in tina markets abroad wi
have the tendency to cause futher advance in tn
price Of foreign Woods, induce the importers to
@ ship the goods to save themselves from loss. E,
travagant prices looked for during the next thr
, | months.
: l. fIARIBALDI ON AMERIcA.-Garibaldi hs
addressed 40 the English Nation an in
|. FASHIONED address, in which, after expressin
his intense gratitude for benefits bestowed G
! himby the people of England, he advocat,
!, the calling Of an International Congress to SO
: tie the disputes between peoples. He urg,
( the English nation to call the French nation
. cooperate in this work, to call the g bold sol
a of Helvetia " to aid in it, and says: aH
. "Call the great American Republic, for 81
y is in truth your daughter, and is strugglir
g now for the abolition of that Slavery whit