The New York herald., 1863-10-20
change TO note. The following are the closing
pra.on R,ver. lSoX Xal40


CESslyc curry 99k q eek Guaranteed. l40 9 140X
imericangold 1913 lSiX II Cent scrip. .l23k a ia
Tennessee 6's as 63X Clsv PItts.. .10lk l0l u
Missouri o's,. 6sxa ssX Gal Chicago HOY llOH
Canton Co. -. 32X S3 Cleve h Toledo ia q 116
Cumb Goal . 34x 344 Chic&Rk I RR. l07k q LOT u
Paciac Mail. .22s $50 Mi p du Ch. 81 . %
N Y Central. 1894 q 1881 Pitts. .FWSChi 83k S3H
Erie. .1osx 1osz Alt Hau.. o4X . 6sK
Erie preferred lo4K a l02
The call for three hundred thousand more troops,
which was published in the HERALD on Sunday
morning, has been the chief topic of conversation In
business circles to-day Opinions vary with respect
10 the proportion Of the three hundred thousand
that will be obtained by volunteering and the pro-
portion that will have to be taken by draft. But
all are agreed that the proclamation means
steady, persevering prosecution OF the war for an
indefinite period of time, and consequently in
creased issues Of paper. In the course ofa couple
of weeks the banks will begin to receive the
s5o,00O00O of new legal tender money taken
by them last month, and within q month
Mr.. Chase will probably dispose of another
fifty millions to the same takers on the
same terms. Thus by the time Congress meets
the volume of paper money afoat will be about
100000, 900, including $3.50 900 900 of bank notes
not legal tender, though current as money.
Meanwhile the new banks organized under Mr..
Chases act will begin to organize pretty rapidly
a. soon as their currency is ready for distribution,
and will again swell the volume of money in search
of employment These banks could be earning
fair dividends if they were in operation now. Alto.
gether the commercial consequence of the new
call for troops is naturally advance in gold, in
real es ate, in merchandise and in dividend paying
stocks. In times like these, however, effect does
not always follow cause Immediately and in direct
succession. The laws of trade are frequently re-
tarded in their operation by the speculations of
individuals. Gold often rises when it ought
to fall, in consequence Of an excessive short
interest. Real estate is often dull when 1t
ought to rise, from temporary alarms about taxa.
fion. Stocks rise when they should fall and fall
when they should rise, in consequence of the par.
ticular operations of individuals. One rule may,
however, safely be relied on. So long as the war
Is prosecuted steadily, and the South evinces no
readiness to succumb so long may il be conf.
IDENTIFY assumed that paper issues must increase,
and the prices of gold land, stocks and all income
bearing property must advance. The wealth that
Is being made out Of the enormous expenditures
of government must find investment, and notwith-
standing the large purchases which are being
made of government stocks, there are not enough
pieces of real property and dividend paying stocks
In market to absorb the volume of capital which is
seeking to be placed, without causing a steady
and material advance in prices.
The business Of the Sub. Treasury was as follows
today
heccpts.... ...............:....... $7710.417 81
FOR customs ........."............. 49, 900 90
Isymehis.. Z64S,lSl 10
n~aahoe' oSlo5,oo1 ~
The Chicago, Burlington and Quincy Railroad
will pay, 10th November, dividend Of 81 per
share in cash, free of tax.
I. On Wednesday next an important meeting of the
Green Bay. Milwaukee and Chicago bondholders
will be held at the Office of A. Rocker Il Co., 96
Pearl street. The bonds fell due 10th instant, and
were not paid. The Chicago and Milwaukee com-
pany now propose to exchange the first mort
gage bonds Of the Green Bay Railroad for those Of
The Chicago and Milwaukee Railroad, of which
there have been issued 81 700 900, which are Sc
cured by a trust deed upon the entire road from
Chicago to Milwaukee. The first mortgage bond.
holders expected, it is said, to be treated in
precisely the same way as the second and third
bondholders, and to exchange their per cent
bonds for per cents.
The earnings Of the Marietta and Cincinnati
Railroad Company for the first week in October
were:--
ls63............... .......".........&1 SIS $50 q
Increase. s2,o57 -
The earnings Of the Chicago and Rock Island
Railroad for the second week in October were:
1863 .S4IyozS
1852 ........................... 81, ,652
Ipcrs.so ......................s sl3, ,97o
The earnings of the Chicago and Alton Railroad
for the second week in October were:--
1853. .......... SIS s5s
lS62.. 32,23o
Increase .Slo,l.l
The earnings Of the Cleveland and Toledo Rail-
road for the second week in October were:-
1861 szJ,aI3
1868. aSOSo
Increase. $1le0
The Chicago Tribune of Thursday afternoon re-
ports:-
The demand for money has MT been quite so heavy
s,l the voIrme OF business done is enormous
Bankers sccpmmd date customers for real business pur
poses iberaiycertanly much 80 a. the currency at
ther cnmmand VIII permt for the market Va stl clcse,
snd course New York exchange n heavy The
rates to-day buying q discount, selling par. frac-
tion above aud below sometimes obtained some
tte heavier houses would only take 4 OF from best
eust mers, usually charging Il.
The Philadelphia Ledger of this morning reports
from the United States loan agency
For the nvctwen,ies there a great rush AT the
oce the government agent At one time during the
day the number q applicants numerous we
Informed that line formed giving 10 each his pro-