The New York herald., 1864-11-04

1000 A. 49, lee = s'.'''.'.".,ssssssn
IL so A A........ 2S5 s35 p ,2S4S
ia:sS p. .M.........25ss 4so 4. A............2 .21&
IN. speeulators fOs decidedly dsoou serted
Ny tAs urp ths market taken. rney overrated the
ssrrsrsss strength OF the t'' party, and placed their
srust m a huin on The sana. Tie operators
vbo were the Whirlpool by the eharp rise
Il Mor6sy and fuesdsy, counting their losses
sadder not wiser men, and chewing the cad rsneo
tioa 81 THAR snforeed leisure.
TIE closing quotations stocks ut the nrst board
showed the following variations from those tho second
board yssterday:-.iss decIipcd AK New York Central
u. essdins Michigan southern T. Michigan Central
ninsN Central Chicago and Northwestern preferred
ax Chicago aud Rocs Island A. Chicago Burlington aud
Quincy /, Hudson River u. Cumberland Coal Y, Ohio
ana Mississippi certificates M Cleveland and Pis;sburk
advanced " nsripass X For, Wayne IN; Quicksilver
end Canton Companies steady.
Government securities fraction lower. Coupon
sixes of 1851 lo6 coupon i've twen;es a Io Z
issue lco,s coGpoa ienortss, osis 0e lone yoar
osrrGcstes, 95k.
Ansr the csii the market vas weak bat at the open
board At O'Clock IT improved. At the regular
showed advance, bn, rather ieverish and
iadicated do~avsrd tendency. The changes from the
quotations Of the rnins wero:-ln Eric Of
x, New York Cen.rni " Hudson RIVER u Reading IN
Michigan Ce0trsi y, Mchgan Southern y, Illinois Cen
trai w. Chctgo and Rock Island y, Fort Wayne l. Can
ton Cor,psnyL
Government securities were drm. Tue new issue OF
Ave tweniies sold st lo05i; coupos teofortes, e5.
Al the open board as haMpsss three, tho market
acve, bai irregular, aud prices were fraction lower.
The money msTkes still unsettled, and the natsooal
benks actively calling their the
at OF the Treasury, which will probably bs for about
ten Millions rhs csn yesterday created considerable
eosssrns,ion among these institutions, and one at least
In this cityand three, are niormcdhsa 70 ask for
time make their payments In. This affords practical
svidesee that these banks use the moEey deposited
with them BY the government 10 . manner which
n only d weakness 70 the latter They lend to
spccutore which eonduces directly 70 the imitation OF
prices and thcy accept collateral security STOCKS
geld, which may decline sufficiently to sweep out any
ordinary margin n any time II the national banks
tain hesvy losses the tls remedy,
therefore they unsafe custodans Il the public
fuuds. in addition to which the principle Of
permitting the existence Of sub.treasures
which such Of the national banks public deposo-
virtually are-is bad one should be object
secretary OF tho Treasury nov, as Il will be the
business Congress when s assemblies 70 remedy this
evil Thus far the national banks have done servios
TO gcverrmest 10 COM ensa,e for the addition OF
than h;ty eight millions 70 the currency which
they have inflicted.
Notwithstanding The trh,ness Of ths money marke. 10
Quarters however, class stock oave
experienced difficulty IN supply ing their wants al
cent; but the demand has been limited day,
owing 70 th, decline stocks and currency values gone
rally. The discount line shows change Its maiu
characteristic staGnatoo, sud very stie commercial
paper either oGsr cd accepted that which rates
from nine TO twelve per cent Inferior signatures
unmarkeabe, unless Al high rates smcng the private
''ao.e shavers.n
Tbs foreign exchange lnarke. unsteady Ia Its currercy
quotations Consequent tie RAPID fluctuations gold
1ns demand :or bills is sironger. owing reduced
exports the mouth compared with previous
reurDs Those for the week ending the siss October
however, compare favoraoiy with those OF the
Indng period IN 1862 1885, tho following state.
unsnt VIII show
1854 1868. 1884
For tho week S4X7,732 3,2so,s6T S,3pi,37S