The New York herald., 1864-10-01

fn0euS 81 ONO S's, 1881 LOG
virginia s........... 81 Michigan 6s.. 100
georgia o. ........... o. Louisiana 6s........ 05
The gold market opsnsd under attempt 10 rally tho
market after the ls evening. The first quotatoa
was lel, from which there = recession por
Cent. Then advance o y took place. folsw cd BY
. drop 10 e2h and . t. 93x following which
again there was fur,hs- d,cpe ss ten minutes past
twelve. 10 lolk. Al twe S.Gve liuptes past two p.
n. ths quoiaison stood Il sx & forty minutss past
two the price was laz; at ,esB minute pact thrss,
lo%k and at four o'coSs ls3x Tns general tendency
s both god aud sioegs vawArd, 10 consequence OF
the prepopdersS.s rcuis,op the bear side, In.
duced By the promising rom Grants army. The
further decline OF snd will. how,ver, b more con-
siderable ~ veil !, certain the continued do
cline Of stocks FER no latter failed 70 sympa,hize
with tho extreme rise gold, the corresi ond,ng fall
which would otusr~ inevitable. y likely 10
less broken.
circulated the to-day TO the effect
thnt Early bad received fenforcemeuts; but this was
evidently done TO influence god, and little importance
therefore attahed :, IT, Many Of those rumors
sorry cay FOR the credit of Wall street, neither
less tbsp deliberately concocted fasehoods,
having Tor their object the interest OF individuals
who 10 be TO them, and their crcu
istiou Is TO bo strongly deprecated.
Business very mucn depressed 70 day both n for
eign Aod domestic dry soods and the Produce Fr-
change and pr'ces underwent considerable decline,
notwithstanding ~ncn the market for both remained
very inactive. As compared with yesterdays prices,
-four fell Oh from ty 10 seventy dve per barrel.
wheat from uve er busu ell and
70 two centste advantage being 10 favor OF the
buyers oven at these rates Tho price Of pork Is still
sintaued, by tne Efforts OF specaators and the
western cities. lbs quotation for prime advanced
70 day about per barrel iu the face OF the de-
cline OF gold premium. Tho Is reported be
based upon the presumption that the necessities o. tho
government will upei II TO become q large
purchaser OF thc article and holders retaining their
stocks with this hope in view. That they may DO dis
spponted ought 90 bs the wsh of every hsncss trader
Tho boarding of produce, which s now the notable
feature Of bossess OF the West, variance with
che principles Of commerce. and woud be pro
per punishment those concerned TO be made 10 SUD
mil 70 saciace-as the, In sny nkely TO dom
coassqucoce. This snd the consequent war prces
seem sostered ,he greed OF gam among large
rtiop OF the commercial cDmmanity, aud the
tendency OF tn great majority i1 trade is IN
favor OF turning the quickest aud greatest
prcdt. With ve~ spscu uative combinations have
been formed the prime object OF cheng hs pc pie
Cor the betoat of individuals.
Toe mineral mining bubble collapsed With the pacic
March and April last, ths oisss nous minirg
bubble h bong inflated and oil ssocks the sens,oo
q the asy, ssd nearly two hundred oompsoss, with
nominal capital mounting In tnc agsrelats tc
Q hundred million dollars, more a less,
ere paradins their respective merits before The
public eye. Tnss the msority Of these companies
have been formed Tor Speculative purposes wthor,
utsrior motives In r-ls,ns to producLon, nave
ressos 70 believe. and lhe inference therefore that
shsy neither less than 10 many dscoys 20
sasxap unwsry Investors. petroeum exchange Is sad
@ - Organizing this city, under the auspices Of
Sss OF csvmsss; bus the public against com
rntsg themselves the which the oily schsmsrs
q wan street OF slsew mere may prepare for them.
There N great ssagusticn business OF all kinds
CONSEQUENT on the unsettled values os commodes and
che tendency is tows d. prices, In sympathy viii
sold This steady lowering Of Wholesale prices Is CON
peng retailers 70 reduce their prices Ia conformity
herewith; but Of the latter are reluctant 10 submit
The people themselves cn bosevsr, d. much that vii
soaibu,s TO proer adjustment of retail prices 10 rcs
lion 70 the currency ard advise them 10 deter rur
chasing much possible tI the fall In the retail
prices Of goods approaches tLc equivalent o.
the decline In gold.
ne money market hss been without change 70 day.
\ sAsy per cent cali, with good co,a,srsla
under the limited demand from stocs Eschsnsc. In
the Discount The sssinssocy shows sbatsm enc
Tss rates oootinus from nine 70 fsso Per cent But
FOR the uncsrassty which the leading characteristic
OF sua cIa ana commercial sEsirs juss new css 10 ds
position would be shown 10 deal 10 commercial paper
ru,s snosrsaiusy b, however, hksy 10 bs salient
fsatsrs for some msro oome and therefore the discount
snsrhss h pos likely V s,perisncs much relief sl ai
ssssmsus oS prices takes p, CO nSsssera rs'uctape
70 dlscoust h exercising ths sbolssone erect chscs
ing speeulatioa By . sbas urt insns Of crsfs; an
this move 10 tbs rsshs dssctioe; for, with fsilIn
gold market, the more rapidly commercial Eansaot'ou
tend towards tns better.
Foreign exchange hes beea 10 moderate den'nd 70
eaturdays steamer Bot is no spssua I've scs'v
IN ~ Banker ask Zoe tin sold) for sssr sixty days a
1ie for shss three days bills on EnsaaA Tsases rAae
fr mb9
The New os'eass cssmbss o. Commerce hAs mSn..
si1ss sss frssisss'0f Ne DATED sAsss against W