The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1863-01-07


after while bacon, lard, hay, hops and talow, we're Il
| good demand likewise RIO coaOe sugar aud New
Orleans molAsses. Tho transactions in metals oils
hemp. fish. aths rice spices, tobacco fruit and whale
bone were limited. The freight market was steady
with moderate engagements reported mostly Of bread
stufs and provisions for British ports
The stock market was again buoyant yesterday, tn
chief advance Of the day being Illinois Central Hudsou
Michigan Southern and Erie There was ees excitemen
than Monday Gold opened at 1874 and closed 1874
Demand notes advanced TO 13Ok exchange was dull a
las II. Money was very easy At az per cent
The Victory at OBSERVATION-DISCLOSURES Cam.
pafgn An the West and I'm the East.
The official and other authentic dispatches
from Murfreesboro which we publish this morn
ing establish the grand result Of the late des
perate and protracted battle in that quarter as
a decided and most important Union victory
The killed and wounded of the rebels, with oul
full occupation of the field, show that they were
terribly punished and from the numbers Of
prisoners picked up along their lines of retreat
it is evident that they fed, under cover of the
night, in an exhausted and seriously democrat
lied condition. They have suffered repulse
which breaks up their ambitious plans and cal
culations for the recovery Of Nashville, and Of
Tennessee, Kentucky and the whole line of the
Mississippi river from Cairo to New Orleans
while General Rosecrans has achieved victory
which opens the way to successful Union cam.
paign from his present position to the Gulf Of
Mexico
It is reported that General Rosecrans at
tributes this victory in great degree to the
brilliant Union cavalry raid from Kentucky,
which, in breaking up the Tennessee and Vir-
ginia Railroad, cut off the army of Bragg from
reinforcements which otherwise would have
reached him from the rebel army at Fredericks-
burg. This may be true; but in any event
it is widely believed that JEFF. Davis had
already reinforced Bragg from Lees army to a
considerable extent, concluding that Lee, in
the position from which he had repulsed Gen.
Burnside, could repulse him again, and spare
twenty or thirty thousand men meantime for
the support of Bragg's movement against Nash
vile. From the Rappahannock we have been
informed that the rebel force in front has been
seem that the rebel leaders have no fears for
the present of any dangerous aggressive move
ment on the part of our grand army which is
Immediately under the eye of the War Depart
ment at Washington. The rebels, in fact, APP
pear to be acting upon the idea that Gen. Burn
side is to stand still for the rest of the winter
and we may say, too, that in New York some
such approximations are beginning to be enter
tanned.
We do not care to inquire into the plans of
the War Office; but we may take the 'liberty to
suggest that our grand Army of the Potomac
could be exceedingly useful just now in support
of General Rosecrans, General Grant, General
gut and Porter in the West, by some &C
tive demonstrations which would hold
the rebel army Of Virginia to the defence
of Richmond. If the overland route to that
city from the Rappahannock has been found to
be impracticable for q winters march, there are
other routes which furnish a secure base and .
most desirable channel for offensive operations
to the very doors of the rebel Congress. But
let General Burnside be held to the Rappahan-
mock until the rebel armies of the West are
broken up and dispersed, and he may find their
fragments coalescing with the army Of Lee by
tens of thousands, with the design Of another
grand effort TO counterbalance all they may
have lost in the West by a crushing campaign
in the East. We trust, however, that General
Halleck has no idea of repeating the disastrous
programme of Corinth and Richmond
We have, in addition to the victory of MUIR
freesboro, the gratifying news from that quar-
ter that the Cumberland and Tennessee rivers
are rising rapidly, and are already in good
boatable condition. Thus, with these two
valuable channels of transportation reopcned,
the future movements of our forces in Tennes-
see, Alabama and Mississippi will be immensely
facilitated Availing themselves of the adj
vantages Of these two rivers, we may be
will promptly follow up their late sue
cesses; while Sherman, McClernand, Banks,
Farragut and Porter are finishing the great en-
terprise of reopening the Mississippi from
vicksburg to New Orleans, if not already
finished
The present, then, is the time for our grand
Army of the East to be moving upon Richmond,
while all the rebel forces in the Southwest
are there employed in their last desperate
struggle to retain their limited footing in the
Mississippi valley. Meanwhile, so long AZ Lee,
with his principal army reduced, perhaps. to
fifty thousand men, is permitted 10 hold at bay
an army Of over hundred thousand men,
we are at least losing the services Of over City
thousand of our veteran troops, and at the very
time when they may be actively employed to
the best advantage. We hope soon to hear
that 'all is very quiet on the RappahaRnock,"
from the absence Of any armed force, beyond
corps Of observation, on that unimportant river.
Finally, with this favorable turn in the tide
Of the war in the West, we call upon President
Lincoln to push forward the campaign, not
only in the West, but in the East. Let him
give to his tried and approved generals in the
IL 4.