The New York herald., 1864-11-26

lowed increased heayiness and lower prices
ERE eubmtted TO.
Gold wavered between an upward and down.
krd movement all day, and closed dropping. The
blowing were the quotations.
90 A. M.......,.22oH 200 P. .M............2ias
| IS A. M M:......2sl9 2<5 p M............ .22I
20 A M..........2i91 $40 T. n. ..........2.oX
40 p. M... 2,s 500 ?. .M............2isas
Rumors favorable TO sbermans army were cir.
lated in the morning, and in the afternoon the
ported capture OF Macon and Milledgeviile was
cepted as probable.
Owing to the stagnation in the Stock Exchange
supply OF bankable funds at the disposal of the
inks is 10 xcess'of the demand, and large
Mount has been diverted to the purchase OF certi-
tes Of Indebtedness. which have risen to price
,ich make them desirable only as an investment
ying about nine per cent per annum, and not Tor
eculaton, as they cannot advance muck beyond
present quotation for them. The ordinary
te is still seven per cent; but money may be
rrowed on governments at six per ceat on call
some Instances. The fact Of the coupons on
bro than sixty millions Of compound five per
nt two year notes falling due on the lst Of Dc.
mber favors increased ease in the money mar.
h, as these notes arc now boarded for the sake
the interest. After the date mentioned they
h fnd their way into active circulation again,
tether with fifteen hundred thousand dollars OF
crest monty.
Il we may credit whisperings from Washington,
Treasury Department will ofer, at the begin
lg Of ext week, extra inducements to its fiscal
ents TO stimulate subscriptions to the seven.
r,y loan already b efore the people, and that
e. sL<
currency loan. We have deprecated the
licy Of the Treasury keeping several distinct,
therefore. more or less antagonistic loans be.
e the public simultaneously, and we therefore
prove OF no new loan being placed on the market
the seven-thirty Is withdrawn. There is, how.
er, an objection to the latter because Of it's
ing fundable into six per cent gold bearing
hds after three years. which Is only little bet
than selling the bonds In the first instance.
kh judicious revision Of the tax law and tarif
revenue may be so far increased that the gov
|meni credit will be strengthened and currency
ms will be found sufficient to supply its
cit Strong efforts are being made to in.
Mr.. Fessenden TO revive the old agency
TEN and put q ten per cent currency loan
the market, bat we warn him against the
gestions Of the parties who are eodeavoring 10
ure monopoly OF the securities OF The govern
nt with high rates OF commission for selling
m. They would make q speculation Of the
blic credit and grow rich at the pubic expense.
Secretary should avoid giving special priv.
es to any ono by oderipg equal inducements
hn.
there is very little doing in the discoun. line,
~ rf Erct Ill hcin ha
es vary from eight TO eleven per ccut.
he foreign exchange market is inactive OF 1881.
for bankers sterling at sixty days, and ll0S&
Ii at three days, Merchants bills are offered
07L l0sH, ani francs are drawn for at 50 a
yesterday hardly differed from an ordinary
bbath 10 the general respite from all business
/ was observed. and Wall street was deserted
resonant with the sound OF the bells OF Trinity,
cad OF the prosaic din Of every day life. Ser.
rs were discussed more than gold, and the
horalizing game OF speculation was exchanged
the Christening influences aud cheerful assoca.
be OF home. The universal observance
the day throughout the country made
more strictly observed here than usual,
Thanksgiving parties met 10 eat Thanksgiving
pers with New England zest, while Heaven
leo Ia sunshine over oil, and sincere thaaksgiv.
were uttered BY unaccustomed lips fer the
orics which lave crowned the national arms
ing the past year, aud for the blessings which
still enjoy despite the gigantic connict which
Redeemed tie land with blood and brisiled Il
b bayonets, aud upon the result OF wLich tie
re OF the gra1dest nation 10 the wc.ld Is dc.
dent.
en have had leisure to-day to ponder over
great theme which engages the attention of
world as well az our own, aud such intervals
|epose are salutary. Aai a. 20 much i s,aLed
d the war, and as "the sinews OF war,' are
spensabe, IL will be well II tie importance
II attaches to the national finances btcomss
correctly understood aud appreciated, for
ncial cmbarrassments are little less disastrous
nation than TO an individual, ard they
consequently to be avoided as much as
ble by The judicious development and
,oncal dispcusaton OF our vast aud elastic
trial aid fiscal resources. Congress will meet
be Lrst Monday 10 December. Soon after which
Secretary % The Treasury viii present HIS
rt.and grave responsibility rests upon both
pect q this matter. IL Is he business OF the
PcF to recommend such measures Al be may
cxpcdiont iof improving tie value of tie
eney, and consequently diminishing the ratio
increase OF the national debt, while Il IL the
OF our legislators TO take these into serious
deraion, and adopt, reject OF amend them as
eir mature judgment may best subse.ye tbo
e welfare.
psneially, we are approaching critical juno
% The history or this war; for upon tie acaon
ngrcss next session cur monetary future dur.
be remainder Of tho var aud Tor long tin,
wards u dependent. The country looks 10 n
reform o. existing snd rapidly growing evils,
he reips OF speculation, as well "a the opera.