The New York herald., 1864-10-15

enorsw msdsto engineer further rise In the pre-
mium me nucsuatiOns, which were heavy and rapid,
were - follows - ss.aa9 slt p % sL = !
iS:ss iSss = s. aass ses SIG slax s1a
lSSs :. 1........: aoS s:isa 49,. -. nc sN
&: s. 49,. a S:y SO s ::..:: sis2 s'sa
Aocnbnatoe has been a work since the beginning Of
tns week 70 put up tns premium IL % oomposed
ofspsealstors 10 gold who sunssd BY the late decline
ard nsrehsnts and others VINO cxperispced losses on
their stocks merchandise and purchasss exchange
on optionG Tho gold speculators want 10 make by
fresh rise what they lost the fall the msrchan
who banded with them wsh get prices
their goods by deprectase the value the currency
Two well known operators in the gold failed to
respond 10 their contracts to-day. and the demand
fos.s gold created By these failures assisted the
Efforts q the 'bulis" In some degree Rumors,
too. OF unfavorable onevs from, Grants army were
said 70 bs current In Baltimore After two O'Clock,
howsver report was circulated TO tho effect that Rich
mond vas captured Gold fell afterwards from 2l7
TO ea2 but recovered again The stock market Al the
second board also excited by the report although
little credit was attached 70 H. No Of importance,
however Improbable, fails 70 exercise at least momsn
Sary effect IN Wall street. n h..... y, -a
During the latter part OF the afternoon business
gold room vas suspended and all but members
cluded while meeting OF the latter was held
the subject 70 which referred yesterday Tho result
OF their deliberations not made public, neither is Is
important 70 ascertain AL attempts to constitute the
member close corporation, and exclude the public
from witnessing their procesdngs 70 be deprecated
such IN arrangement would be in the nature Of
nopoly, and give the association OF gold gamblers the
opportunity Of combining work one way, and thus
run up the premium pretty much they did when the
last gold bill passed the 1lth Of June That gold
bill played into the hands OF few by Civ
ing them control over the prIoe OF coin, and
the arrangement which certain Wall street bank.
ers and foreign exchange dealers now desire
to bring about is for the purpose Of producing similar
resnh They would only admit new members by ballot,
and exclude the public from the room entirely
mo hurtru eec Of large combination going into the
market 10 IN the tendency IL has to all the
sman operators speculate IN the direction In
effect upon the natural OF the market thsy
mobs In relation TO the peace Of city They dis
turoers OF the financial peace destroying the prop.
erty d tho public for the sake OF thai plup- !
der which thsy cali profit They indirectly CON-
it robbery upon the government and the whole people
Some OF them avowed enemies Of the Unon but the
minority are men who profess to support that
ment the weak point IN whose finances they thus seek
to weaken still further. II 70 high time thai the gold
premium should be placed beyond the power Of such
men and II Is to be hoped that Congress will
lose time after meeting In adopting measures, not
only for preventing the increase d the volume Of
the currency but for the funding or the greater por
tioa Of u. Mr. Fssssnden had h entirely within his
power, under existing acts OF Congress, to reduce
its amount by resorog entirely loans their market
price, avoiding The fresh OF papsr money which
he has nada The Of the present and the
loans show that when the nxed price policy 10 abandoned
money oan be easily obtained. Bat there 10 no more con-
sstsncy 10 his than there In those OF his prede
for while the two last loans have been disposed OF
TO The ghest bidders other loans have been stimuli
fusion, antagopsm and sbsurdty in such dnancering
which Is without parallel In financial history.
How much higher gold may 60 depends upon the
strength Of the "buls compared with that Of the
"besrs,n pending further news from our armies But
40 speculation in II 10 keeply sensitive 70 military
meuts an influence may be brought TO bear upon the
market st any time which will se all calculations At
dehance. II Is, however, clear that, gold is
now selling at q far higher premium than the
finances Of the nation justiry bad as their condition
10, the natural tendency Of the Market 10 the
absence Of all bat legitimate demand would be down
ward There e, therefore, for fall than for
rise and added 10 this the probabilities In favor OF
military events occurring which would bring down the
premium with force all speculation 70 the contrary
would be poweress to resist 20 long, however, the
military situation undergoes great changes and gold
remains nrm, the tendency Of prices viii be 70 recover
somewhat from the depression Speculative produce
dealers and importers viii be glad Al the prospect Of
being able sell their stocks without loss and holders
viii be haste sell before the fall comes come
must. .. t.FF .Essr Fl
The " buIs'' the Stock Fxchapge-and they are
numerous just now OF them being bulls and bears
BY tdrusare pronting BY the prevailing buoyancy and
excitement, and making hay while the sun shnes
Tne second ges, topic gold In Wall street 10 day
has been the opening Of the bids for the loan About
sixty mlions bid for, and oil the bids 1oo.si
accepted In FULL Those st ioo.s1, u 10 expected
will be awarded between eighty aud ninety per cent
OF the amount bid for. There one com nb.nation bid
from Wall stree. bank for millions at the latter
nsurs There Gas another combination bid for Eve and
hsf millions al 10000 aud smaller amount at 90 rs.
The other combinations bid loi u. The number OF |
bids about bali many for the previous loan.
The money market has been easy call loans at
per cent with moderately brisk demand from stock
houSss 10 The discount line no change Observable
Only few names taken at from nine 10 fifteen per
cent The payments on account OF the new loan viii
have influence limiting the supply available both
loans and otherwise; but ba Of tho FIRST pay
being certificates OF Indebtedness the
stringency viii be slight and gradual
In foreign exchange there has been little activity a.
compared with uNer stagnation to-day. The rates
unchanged Bankers sixty days bills are quoted 10ek
ioe and al three days i09k ITO. Merchants bills
are cfYsred al per cent less.
Tue highest cash prices OF the leading railroad and mis-.
cesneous snares with the premium gold At the nrs.
session Of The Board OF Brokers day with the
quotations on Friday q last week ~ follows
oct, l. Oct IA
American goid .''''.''''''''' 1Vo 1is
American Coal % -. a.; ,,..''...'. 80 ssh