The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1864-11-16

Various coujectures were hazarded during the
day with regard to the direction and object of
Sherman's movements, and mysterious hints were
thrown out Of possible contingencies connected
Herewith. Macon, Andersonviile Savannah and
Charleston were referred to as probable points of
destination, and rumor had it that Georgia was
ready to secede from the confederacy il Sherman
only marched through it and took possession Of
the last mentioned places An overture was said
to have been made to this effect to Mr.. Lincon by
the authorities Of the State, but if it was there ia
no saying whether it in sincerity or as snare.
report that Augusta had been captured found
its way into mems mouths late in the day, but how
much OF fact, or even probability there may
be IN these Wall street rumors, events
will doubtless make apparent Such rumors
are so often unreliable and ooncocted for purposes
Of speculation that they are generally only worth
quoting in connection with the monetary influence
which. for the time being. they may exert and as
Illustrations OF Wall street strategy and the ca.
price Of the speculative imagination.
The money market shows no change under the
limited demand from the Stock Exchange. The
rate for loans At call continues to be seven per
cent. and in the discount line eight to twelve per
cent for first class names. Lenders show no dis
position towards an abatement of their rates. in
view of the Inducements for temporary invest.
ments in governments and other marketable secu-
rifles. which are considered safer, while they are
undoubtedly more convenient Of sale than COM
mercial paper.
The foreign exchange market is dull almost to
stagnaton-partly in consequence Of the active
demand OF the previous three weeks-and drawers
are disposed 70 relax their quotations. The ship
ments of specie at this port from the LIST Of Janu-
cry to the 18th OF the current month were
$40 ,96s $50 being more than equal to those for
the corresponding period last year. which
&0,6l3 ,sl2. although nearly ten millions less than
those for the same time in 1862. During the next
year, and indeed till the conclusion Of the war
foreign liabilities are likely to remain within
very moderate limits, and TIC outgo Of specie to
meet lie g, ultimate demands OF commerce will be
proporuoratey reduced. With the diminution OF
our foreign trade (and our exports "a well as i'm
ports are likely to continue far below the average
OF former years., the receipts for customs duties
will be corrcspondngly reduced, and this is the
strongest argument perhaps that can be adduced
against o further increase OF the gold bearing
debt the revenue from this source, is generally
known, being specially pledged 70 the payment o..
the interest thereon. The receipts at this port
for duties from the lat of January to the 18th OF
November were SOL ,52l ,272, showing an increase
OF sl0652 $50 over the same period in 1858; but
this should form guide to either the Secretary
OF the Treasury or Congress In estimating the pro-
bable receipts for customs duties in the future.
1t should not, however, be lost sight Of by either
that these may be materially augmented by re.
vision Of the tariff, embracing n modification OF
those duties which are now almost of pro.
hibitory character, for excessive imposts have
invariably the effect Of checking the trade
upon which they are levied and so defeating the
purpose 10 view The anne remark applies to the
internal revenue, and the taxes under this head
stand at present in great need Of revision. The
Tariff and the Tax laws, therefore equally demand
the attention Of Congress me citing and these
will be found important adjuncts TO the proper
readiustment OF our national finances on a more
solid foundation than the nuctuatng basis OF more
than nine hundred millions OF currency, which IN.
settles all values, disturbs the relation in which
capital stands TO labor, and rice verso. while IL
converts the whole mercantile and shopkeepinp
community, a. we'll as every dealer in property Of
any kind. into a vast multitude OF spectators
under The sway Of Almighty Gold, the capriciou'
king Of greenbacks
Bankers bills for sterling. at sxty days, are Of
fercd at 1927, and at three days at ll0'4. Mer
chants bills are quoted Of l0s q 1887, francs a,
6.es5.i3
The following the business transs cted nj
the Sub Treasury in this city to day
Total receipts .ts... ,..,.............. 1871 peq
Payments s4O4 SEA
Balance. ss..*t..*.t..Y. s.......... "a b1b 600
Subscriptions 20 government loan ........ 8sl 900
The State banks oil Vermont present the follow.