The New York herald., 1864-11-09

llDO A. M.......... 2332 S05 p 81 Tla
1910 r. M...........247H 400 p M............ .249
lis 7. ..........247&
The rumored interference OF General Butler with the
business of gold brokers originated in his sending for
the leading member OF certain firm to question hiia
with regard OF his supposed customers OF whom
General Butler had information; but the latter would
to have been msnformed the subject. and tho
interview said TO have terminated satisfactorily to both
parties restrictions upon the business OF the firm hav
ing been threatened imposed.
II WAS rumored that Fone or two other brokers we're
similarly lnterrogated with sim liar result.
The stock market at the FIRST board opened weak and
quiet but became active call progressed.
The closing saes, compared with those yesterdays
second board showed the following variations-Ere de-
cined %, Hudson River u, Michigan Southern ILL.,
nois Central y, Cleveland and rtsburg 3h, Chicago
Northwestern l. preferred q, Chicago and Rock Island
a, Pittsburg and Fort Wayne 1S, Ohio and Mississippi
certificates 4, Mariposa u. New York Central advanced
y, Quicksilver x. Reading steady.
Government securities we're dull and fraction lower,
except certificates OF Indebtedness which showed
change. Coupon FIVE twenties sold at lo1 1905,
issue 1908, coupon skies of 1881 l06k 1861 cert6
Gates 95i6. --t.-*-.e.
shares neglected.
AT the open board, at one O'Clock, the market
stronger. aud prices advanced per cent, and in the
of Illinois Central "a. On the street, afterwards,
the Improvement continued and Erie quoted at half
past four, at 1917 1902
The business in government securities among the Wall
street osVers was very limited.
The dtfSand for loans and discounts has been very
light The rate for money call at per
cent; Tor Grs class commercial paper it varies
to twelve, with exceptional transactions at eight. The
national banks have called nearly all their loans TO
meet Treasury drafts, and unsettled feeling has
produced in few speculative circles in consequence
To-day II subsidized under the general duness.
The demand for foreign exchange small but bankers
hold their bills with irmness at 1o9n x in gold for
sterling at sixty days. and Ill at short sight Mer-
chants bills offered at los "a. Francs range
SIS TO Sir.
The future course OF the gold and stock markets s
subject OF considerable speculation, not only in Wall
street. but among the entire mercantile community and
large portion OF the general public. There strong
disposition in favor OF higher prices financial and
commercial circles, for the obvious moro
money in paper can be made by rise than a
fall, the process OF imitation being always easy,
while that OF contraction is painful But higher prices
on,y result from of or advance in the
present high premium on gold aud advance the
latter would be equivalent to little less than national
calamity high prices ineren,ialy be desired
host OF spectators holding back from active
speculation till the result of the Presidential election is
asceaned change OF Presidents the election
Mr.. Lincoln could alter the inevitable course of our
tional finances unless the existing policy improved
upon by Congress Like Mr. Belmont, many look for
proopgaton OF the war, and persistence the old
financial policy the four years the OF
Mr.. Lincoln reelection; but this is . hazard Of
opinion, and there is good for t. Congress
control the finances, whoever may be the tenant OF
tho White House for the next The ques.
tiou OF the Presidency, therefore, resolves Itself
into subordinate consideration. II Mr.. Lincoln should
be reelected EFFORT viii probably be made by some
OF the opposite party TO make capital out Of it for
but this will be only spasm, and win yield again in
vtew Of the meeting OF Congress the hrst Monday
December. II General Mcclellan should be elected the
gold premium would hardly experience any decline on
that account.
We therefore look 10 legislation to establish the future
price Of gold and the anticipation of this will in any
case impose saiutary check upon the OF ndi
vidua speculation. Morally speaking there should be
speculation in specie, the price OF which, In comparison
with the currency, should be regulated by the
Law OF supply and demand; but there is no
other way OF enforcing this than by that legislation
which will limit the volume Of the currency to the wants
OF the people and mike impossible excessive Issues Of
paper money. BY this the government and not
Speoulstors would control the gold premium, Just Eng
land did during her long suspension OF specie payments
from 1897 to 1921.
The following IL the Official statement OF the deposits
October 1894
Ccld deposits from all sources 1898 sos 81
silver deposits, including purchases l2,ols 20