Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1862-11-27
lpFeNared Tor the Rutland Herald
Monetary ana Market MnIIsr.


During the past week there has been great deal Of
speculation respecting what position the Secretary
OF the Treasury will take when Congress conyenes II
Ia known to everybody that he has AWAY, been strong
advocate Of specie basis; and that il was with reuot
uuoa 'hat nc commenced TO issue the demand uotes
nut the national debt assumed such magnitude that
uhaer all tho circumstance which are too manv
ior US 10 enuaere, no considered it the most proper
course TO take TO relieve the Government hon ia
present embarrassment The issue OF these notes has
IN measure had different effect on tho circulation Of
bank notes, from what iorty of the beople antie-
pated' gradual expansion has been going on till
nearly every bank IN the oouatry has circulation as
large a, the law allows, and business is carried on to
great extent in very "extended" manner Large for
tunes have been made in day, by the purchase OF ar
oles which, undor ordinary circumstances would DO the
last article man would buy speculation. The past
teaches US that whom there is such general expansion
and speculation, and il reaches the maximum there
will be Reaction. We do not wish to be understood
that We think there is going to be stringent money
market immediately; but do think it would be
Wise for any business man to conduct his business
the "high pressure" principle basng his calculations
for the future on such an easy money market
have now.
Among the current rumors of the day, there is one
that Secretary Chases report will contain an urgent
recommendation to take measures for the substitution
OF Govenmen for bank currency by taxing the latter
and making provision for the circulation through the
banks Of the former. We await the report without
comment.
All kinds OF Revenue stamps are not yet issued by
Government, and in all probability they will not be for
several days. The delay has been with tho engravers
and not with the Department. The amount realized
from sales of stamps for the week ending Nov q,
s2,2l7l73. There many who have not become &C.
quanted with the law, and do not fully understand
about caneeling them. The maker of every piece of
paper should put on the proper stamp, and write there
on the initials Of his and tho date, like this, A. B.
c., Nov. 26th 1862.
Gold has declined 10 l29 is.
Postal currency will soon be abundant.
NEW YORK MARKETS.
COAL.-Picton and Sydney coal are higher with car
go sales at $3.50 $50 per ton, cash Anthracite has
been in good retail demand, with sales at 80 or ton.
DoMEsrIcs.-Ail kinds Of cotton goods are held very
hrm ana selling at full prices in lots wanted by the
trade. Stock Of all leading styles very small.
FLoUR.-lAe market for Flour has been quite dull
during the week. aud sales limited Prices remain with
out material change.
GRAIS.-Ihe transactions in corn have been moder-
ate, but prices remain quite steady. The sales Of
western mlxturd have boon at 10 75c per bush; and
southern yellow at SOC per bush.
Oats have been in good demand and the market is
steady Sales of western and Canada at 90 CSC per
bush, and some choice lots as high 64c per bush
Ryeis scarce and prices higher, Sales AZ 81 per
bush.
White Beans are selling at 225 26l 10 for blue pod,
and $3.50 for extra pea. Canaoa Peas STEADY at
sll0 LIS per bush. $780,. ...
Shorts are dull, and have been selling at $3.50
- per ton; and Fine Feed and Middlings at 500 %
per ton. ...
Barley has become rather dull and selling from sl25
Las bush, as TO quality.
HAY-Is frmer and higher, with sales at $3.50 II
per ton.
PRoyIsIoSs--The Pork market is dull and heavy now
that the Government contract is filed. Sales of $40
bills, at slS.l2 l-2 1925 for Mess. and sl50 ll62
l-2 for Prime.
Beef duh and heavy under continued liberal arri-
vas and rapidly increasing Stock sales of 10 bbl at
$l275 Is for Plain Mess and 1875 Il for extra
Butter continues in very active demand for ship
ment, and with reduced stock, except of the finer
grades, prices rule firmly at 90 26c for far to choice
and extra State.
Cheese is in light supply and meets vita ready sale
at a l2c. for State.
WooL,-The transactions in fleece and pulled have
been quite extensive, comprising 100000 lbs at from
% 7Oc per ID, but mostly at g. IL Csc. closing firm
The transactions foreign have been 100 bales Cape at
S3c., cash; 400 bales Mediterranean, Cape and
South American, at full prices.
BEEF CArTLE.--1otal number Of Beeves received in
the ty this week, 5,46l.
THIS Is 262 head less than last week, and ,l76 head
more than the average of last year.
Some extra good Beeyes may be quoted at Sc.
The general average OF tho market at l-4c.
The most of the sales range from to SC. # .-.
Gown The market for mich cows remains at last
report, that Is more active than 1t early autumn,
and consequently sellers get rather better terms.
SHEEP.-The market rather more favorable for
iroyers than last week.
PovLrsY.-Extra Turkeys, Is l4c; Extra Chicken,
10 lie. $3.50