The New York herald., 1864-09-28

~,
sSo. Quicksilver Mining 70, Cumberland Coal So ,anto
Company % and Ohio and Mississippi certificates 40 "
Oovennsns were more 10 demand to-day a the fo
vns advanced quo,alicus:-0oupon sxes OF 1881 Ioe,
s.o'. rssasssrsa do Soek loYAI coupon nvetwes.
w. coupon ssa'iostes - seeK. coupon aves Q
lsA io oosobet seven asd three ,soths ...u,v ro,.
Aoek slo1 and one year certificates OAK a OAK.
ne money markst has been moderately active TO- da,
% CAL q seven per cont, and loans have bee,
csasa M out nrss cisp houses have been capt.
sxcess o. the demand Tho discount line remains uu
nhs0Red The rates varying from eight nfteeu per cont
WITH strong dsnclination the part OF icnders Il
couch any but the best class OF paper which
~ very Government almost any other seen
<ses, preferred the best names n the pre
sent stste Of Affairs
State Aad bank dull, and railroad bonds
rsteady.
7he subse ptions thirty loan for the last
Swo days are>reported 81 ss2 eo0 the ten.
forty lean s3T4 900.
The vshe last few days in gold sub
A<dod to-day, it be considered time
bs,y. With the n rther decline OF the gold premium
ho~e, 'er, which is likely to after lato
sellers we nlisd theh ''shors contracts partial re.
newat OF Ne recent q vcitement may be expected The
market to-ds> exhibited that steady rise and fall
may oompar the s~ ell Of the ocean after heavy
storm has passe> over II. Tho opening quotation
was 1913, followed ~ adv aoce 70 iso ana drop to
1884, succeeding wh,c> sdvau 'ed to l96s the selling
llo P. NJ and ro,e To 1o7 n~,o . five O'Clock The
market has been sustained oh,sryt the purchases OF
soe oears" referred TO, h5 rS~ temporary self
sAesason OF the panic itself; e. ~ downward
"eve"eet o. the kind there srsxes ~olch iuh
eoeoss preparatory 70 further drol act,on< 'eng fn
law.
Another cause promotive Temporary cessafA m OF
80 gold panic to DO In the largSnumbN or IN
9ersrs and osSsrs who have been hocs.s back frcA'
ssns 70 Europe Ia anticipation OF tbs recent Sail Of
SNo ga soe consequent lowering exchasse
1nese have been most part satise with tho A
cnpe eno have comelnto che market AZ buysws Hence
.sro ~ oeeo much ersater activity in foreign ex-
Ssanso yesterday and to-day for tins
Ysevous N rates for sterling varying from 1sss los&
W mercaants bills at short sighs and I0sx 1lo for
osnkcrsn gold currency quotattcns being more than
usually oss Of vogue just now
Ans improvement n stocks OF kAods which took
ps.0s ourng the day viii an lin elhood be still
more marked Tomorrow; for the Nil 10 all has
Dsa neavy. when the previously depressed state
q shs market Is taken Ehs derstion Ths
ceeevory. however, viii DO tss whole gradnna !
ana spasmodic; for . nnsskes sentisNy
evefy recovery s likely succoeosS by partiai
Apse. Government securit viii par ticipate In y !.
sdvaDce consequent lSsdencs cf the cxc.ec~ an.
wnco has asitaed Wall sar, and psrsy zed corr ,cs
Ior the last few days. II ws$semswnsA OF an - ,.,v
that they should b. d, declined fat alb ,h.
NO . the revivb q rmAdsroe 10 W ,r,urs
y 'ns osaon The COLE bentHg bondR - "a,
lkey TO sxperisncs the rise thsA -
'nsousmstic supporte - OF the admnisS ,a
40 oeheve; sw 70 o. vii neversheso' ~ -..n.hu
' b quoted about 90 ocr cent hsk AL P'0oA
hort time. Wtnn svsss
The various nuc' ,,or. ,sst have
ans 70 tine, not uly IN these, but -,
nd other shares .x,rr n. iss8 10 goo ana rsn~s
"a ba "a con6a. two three months
"@'o 0oDnos stly Tredsesed.
sSs~Ao'eHe prioes Of geucrs .s.r..
'ithost vAriat - .hosso nsrenanoms 'o-day W"
uoe Exchap cn, yesterday but on the Pre-
'hoe msrks .n., Ato1 Tor rise-and 20
y meansof dirccuon-ensneerso, cufo'
luiieht aa uco& Se', ,chncaily known "washes,
4 desor snee' ip Citations for goods and produce
,and v Ptscns however, irregular, and the q
nceu - h~ the supply OF immediate want
SIC eeh o. - tember coffee has declined from 40
SA ps~poun0 nour from ell & SIG PER barrel 10 s.
So .scocroW TO quality, porI from si2 rs q $40 10 5
I;tsrd n IN 2AKc. TO 2oc. per pound; whisksy fro
49, " rs per gaiios and cotton middlings frc
S8pN 20 per pouyd But shero Is room for mu
rssser i'd more pld decline, for the prices of co
ee6itws Of all sorv advanced with gold, and BY the sa
proces Of reasov ing they should decline with It. !
iSsAsncy OF tho will bo strengthened BY the
svAfllns ndsy sston OF buyers 70 take IN stocks s'
lpsessut QUO asions.
the Government would only r.,e equal 70 the oc
sion louId exert considerable influence 10 permanen
1owering the gold premium, BY curtaiing the pres'
eucy issues, and still erectuay 10 compel
che funding Of q large portion OF the paper mou
anoat within . given time into three, or ai
utmost i've, per cent gold bearing bon'
tho coupons OF such 70 be receivable
customs duties lieu OF gold THIS last would have
eject OF Increasing the utility and popularity Of
bonds aud diminishing legitimate demand for spec
Although tbe administration Is not empowered BY act
Congress 70 this funding system, We advise
assuming The responsibility OF the sci, in view Of
necessities Of the Treasury and tho interests
tho IN mpr
i.s the condition Of the former to be fou
In enhancing ths value OF the paper doll
Bot this partial withdrawal OF the currency must.
soswsr The object IN view, be accompanied By sps
surApos that further additions will be made 70
paper OF The country. This promise the COVE
usul can easily carry out by relying In future upon
sevsnthirly and ten.forty loans and certificates
tndeessdness, pending the meeting OF Congrs
WHOM the Hocessary legislation can be employ
- adjust the national finances upon SCUM
psocpes than those carried into practice by the incc
patent Predecessor Of that feeble imtator the pres
tsoumbsst of the treasury Department All fut,
loans authorized By Contrsss ought per
IN currency instead Of gold bearing, undabls after
years into three or i've per cent gold be
ang bonds ~ the option on the holders T
option would secure takers. The measures
nave proposed ere somewhat radical; but poth
less win serve 70 permanently oorrec, the exist
eva Of currency tnnstsn, the disastrous effects
which We have seen 10 she history Of the Frepcb
sguals spd the old continental money OF this count
To such dangers liable 10 arise from unlm
rsucs OF paper money have 90 occasion 70 Ell
ourselves and Il our finances had been prop
managed from the beginning Of the war god w
never have estAinsd the premium IL has. TO rsd
benoeforwnd ought 70 be ths study ~ u
certainty The duty Of the President and Secretary Of
Treasury GOV, sns a Congress- whom assemblies.
exca01 OF receipts