The New York herald., 1864-09-14
uNANCuAL AND COMMERCIAL.
rruspAr. sept Is-o N.

frxsrAy Sept 1857. ~
The excitement 10 the gold market today was nard'y
Of yesterday while the nac'us''as "e'e
evre more RAND and eccentric the influence OF the
conflicting opinions with regard 90 Tue luiu'e' no
ing auotat op was 2Is fshwed BY decineo NJ A''er
h,cs ,tsra as recovery 2le then another drop 10
aisI ,onoxtng which steady advance to 22s
Aveakepins Immediately succeeded ana NJ twenty m'n-
as nas four r. NJ toe price stood at 224< lne rapo al
snoe fcm the quotation OF The day was caused
nv the .shors ing; but these we're unable 70 sus
tain The Market Ihe relapse showed on tne re-
however there improved feeling In the street
10 dsy by which is meant that there was less spprs
hanson than yesterday OF grcSt and permanent de-
rngemsu OF values consequence OF the course OF gold
The feeling is that gold has been selling above its re
value and that q decline OF the premium Is natural
consequence the sbu' clique In gold beng too weak
70 resist the tide Of public sentiment and
the improvemet in the sspect OF tho null
tary situation. But, although many expect to see
gold silk 20 90, they at the same time look for
. reaction which viii cause 1t to settle al about 220
heanw hile the fluctuations are likely TO 10 rapid and
these vii, more or disturb values and place drag
on commercial transactions. Toe true price OF gold cal
cung by OF proportion and the amount OF the
circulating medium now, as compared with that prior 70
the suspension is about les, but would be absurd In
any Sc 10 expect gold 10 be selling Al It's real value
at such time as the present. large number OF per
always ready TO discount the future sccordngo
their beliefs, these sill influence the market for
fall rise, just tie opinions way the other
happen to pyepondeate This shows the iallacy OF at
tschng much importance to the market price OF god
for although gold ia the accepted standard OF values lie
liable during time when IL no longer crculates as cur
repcy be subjected certain extent to tho caprices
OF men actual by motives OF fear profit The pre-
mium god ought therefore, at q critical period ike
this 70 be as zealo isly guarded as liberty itself
for upon the ,conoi.loa Of the currency, more or
less rests the welfare OF both the nation and
individuals This country would be strong enough with
good financial management. TO limit the depreciation o.!
its paper money pretty much as England dd while she
waged with the first Napoleon when the depre
citation or England notes. during tho long period
Of her suspension OF specie pay mens hardly averaged
twenty per cent although for very short time it
forty one per cent.
There win be light commercial demand for gold for
some months TO Gomez for imports diminishing.
likely to remain at low ebb, compared with the
returns past year, for short period to
while the exports Of United States bonds Europe will
90 doubt increase, and dispense with equivalent
OF exchange. The tendency OF gold will there
fore be DOWN. rd but no perhaps, ill after this week
10 any considerable degree for the gold market has been
little oversod, and the purchases on account OF the
short sales may cient maintain for few days
at nearly the present. quoatisns The decline OF tho
few days, following upon that OF the previous fort
night, mas had . tendency 10 make hoarders Of
coin disgorge It and the more instances OF this
kind tina, the quickly Is gold In its relation TO
the currency likely healthy tone. 10 ordor
10 show the Of the make for specie during the
last year give highest and lowest quotations for
each month"; BY which will bs that tho advance OF
gold has been greatly OF the proportion appca
bic 70 the increase OF the,currency;-