New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1864-11-10
WEDNESDAY,. Nov. 9-P. n.


Gold opened at 2i5, and was a good deal excited
throughout The day. AT y P. H., fall to s',ooo
wac made at go, followed bya fall to pa. lie
closing rate was 2j6i at - p. IN.
Stocks opened upon tho stree, very strong, and An
advance was freely paid for the whole list. At the
Stock Exchange the desire TO buy continued, and tho
street prices more than sustained. the close
of the call, under sales to realize, prices yielded
slightly. Upon the street the upward movement
was strong, and Erie sold as high as lO5, with
equally good prices for other active shares. Upon
further laTe sales to realize profits, the market,
broke again, Enc selling ~ 1904. At the Second
Board the market was feyerish and higher, IN. the
extreme quotations Of the day were not sustained.
Thb general feeling Of the street fayors an advance
but thus far the outside public have not been large
buyers.
Money has been less active, and a, per cent.
etock houses have been readily supplied. Mercan-
tile paper is in small demand, and sells at sa9 for
beat and 10 a II for second grade. The street has
been full OF rumors about loans, and that " no
moro gold loans will be issued Tho Secretary OF
the Treasury will announce his own policy and
from Washington, as usual. Now that the Gov
eminent has had It's hands strengthened by tho
votes Of the people, it should lose no time in re-
forming its financial policy. The old expedients in
the way of manufacturing money, however ncces-
sary in the past, cannot longer be depended upon.
There INST be higher taxes and q moro thorough
collection Of them, and loans mIst DO made 10
play subordinate part in supplying The Treasury.
The plan of getting money by subscription must
be abandoned, and loans sold upon the market for
what they will command. In word, the ma
tonal credit, strongly fortified by taxes, must
be put squarely in competition with all minor
credits. II has been determined that the nation
shall live. Its bonds are the first mortgage upon
every dollars worth of property and the labor Of
every citizen in the Union; and will surely com
mand the money 70 speedily end the Rebellion if
Congress will simply do its duty, and, by conserya-
tive legislation, retire the food of currency which
now deranges all values. This policy will be re-
sisted by spectators who see in it, their certain
ruin; but the pressure from them should have no
weight. When Congress assembled in December,
1863 gold sold at 1872. To-day it has sold for 800
The highest price is tho.one upon which the Gov.
eminent pays for its supplies, and for which the
people must be taxed in future. This afternoon
money is urged upon borrowers at per cent, and
cannot be loaned at that rate. Now is the time for
aloan and the sooner twenty-five millions OF seven
thirty short bonds offered to the best bidder the
better for all solvent and the national credit.
The rise in gold has given more activity todry
goods and prices arc reported full 10 cent higher
Throughout the produce markets prices also
quoted firm. Now that the election ia over, the
Secretary of tho Treasury should lose no time in
giving the Internal Revenue officers notice TO leave
their places or TO perform their duties. II is hardly
to be credited that while the Treasury solicits loans
all over the country, its indolent and inefficient
clerks in New-York refuse TO receive taxes rendered
10 them BY thousands Of dollars. So far as OBJ
,cryation goes in New-York and vicinity tho Inter
nal Revenue is collected In the most tardy manner,
and that too in the face OF general desire TO pay.
What is wanted, among other things, Isl reform
in Office hours, and a. much diligence is required
from merchants clerks. 1t il not department TO
DO administered in any of ts branches by indolent
or ignorant partsans, and tho sooner all such are
sent into private life the better.
Freights are very dull and rates are almost nomi-
nal. The engagements to Liverpool are 100 tuns
OIL Cake,7s; l25 tuns Tsllow, 7sa lOs. 1000 bush.
Wheat, 3D.; and 40 tuns Sperm Oil, 2os.
The Sew-York exports exclusive OF specie, ior