The New York herald., 1864-10-16

iItors gold, but Influential firms iuteresled
IN the price OF produce general Merchandise
and ioreien exchange. Ins advance OF the lest
few days has demolished several prominent operators
who had based their calculations the course
gold. They may safely attribute their run 70 the bu'
combination at work. fails lightly on the
ruined in Wall street
Another leading and several srnser ones sue
cumbed to the ELECTS OF the to-day aud whether
their failure helped tho rse the stimulated
TO help their failure, Is by certain. Ge.d ope
ra,ors apt to put the up they anticipate
heavy failure, in order that better settlement NAV b.
madethat is, that they may lo,n!ss5ty note Tor
larger amount than would have beeu aitsua.
bic, settlements being about she ket rate at
the time failure
The rise the gold premium has stimulated prices ;or
produce and merchandise Of all descriptions and cuu
tatons have been advancing Monday To.d.y -four
rose 3oc 40c. barrel, wheat sc, Sc per bushel
corn 1c. &C., oats 1c, whiskcy 20, Sc ana pork
25c. per barrel. The prodace dealers aad merchant 5
are jubians, and well they r,ay be- with such
financial policy TO support Them Us t.lt wa4.n
mas been pursued since this commenced Tie bGn.
ders Of Mr. Chase and tie ncompe,cncy 0. Mr
Fessenden, who has only succeeded in initiating tue
worst errors of his predecessor any country
in the OF time. The Treasury Department s doip
all that it can do 10 put up the god premium i ssuaa
nearly forty three and a half nilcns Of currency
10 the month OF September exclusive Of the
national bank notes, which are being pat into cir
cuation at the rate OF aocut eisai m,l.ous
mouth with such makeshist policy how cau The
government do other expect spectators 70 pro by
1t and advance the gold premium both this nccount
and further issues in prospect. The premium is higher
than II ought to be national FINANCES stand
but there is hardly limit the caprice o. speculation
where doubt exists regard to Tie rsture and The
had
TO The mil'iary or POLITICAL situation, but to
the fnsDciai oae almost eut.eiy tna. tie riso
IN gold is owing. 1t has beer tie s.ortise Of the
country to bsye hae at the head the srry in this
the ost important period Of It's history short sighted
and corrupt politician in the astance aud pc;hio
more than respectable lawyer, utterly ignorant II
unaace, IN The second The nation must be enanci
pated from the wTeohed policy OF these before lis
monetary aasics c-a be adjusted The souna basis
which s necessary carry through The ordeal OF this
var without exposing itset to the contingency OF ma.
Iopal bank up;ey
fhe nes oaa wcs awarded today Q, Washipetcn Al
he hid' ab We 100 30 accented u anu and sixty
per cent o. the bids al that figure w be successu The
total ncTn5ero bids 400 amounting u the aggregate
10 fjS The bids above I0I we're Tor aboui nineteen
u'lIocs and ibe reu.1loiDg tweuty-one millions were
accented ou Of the BIDS rang,rs from 10000 io ILL.,
ihc money marSe: continues easy to stock houses a.
seven FER cent og cali Ia me discount line the demand
Is stu very limited, and the gosou to take any
ous first class names continue Tie market however
is tae easier, owing TO tue acy&acc in god which
i3sses ue'chsnts in better position but this Is
than countouasce Ia The estimation OF lenders by
n-en.ect o tie paper they may discoun; being
,,s y en-. .eucy astsr further depreciation The
are quoted al irunl nine hiteen per cent. Foreign
hanes Is s,aenaut. Bankers ask 100 for sixty days
bits sna lIo bls at three days. Merchants are
offered a, 6 Iea.
Tue seipents or specie to-day amounted to sl25,1s
na,qe ia, tie week s23s 49, md since January !,
81 2sa 80.
qsa.sub lfeusurer reports to-day as follows
ra.cir,a g. N, ca, toms ................ SEQ
I,ta rerr MS .................. 1851 T5g