New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1864-12-02
THURSDAY. Dec. l--P. ".

Gold opened ri 92S', fell TO 30, rallied 70 ~
and closed q, 2l1i. The news from Tennessee mas
weakened speculation for rise, but the market IS
20 largely ove-so!d that il breaks slowly. The con-
stan, demand % cover short contracts is - crea,
sustaining mower. which requires continued military
success 10 fully destroy It.
Government stocks are steady, and Closed al
last sight rates in the face Of the sale OF $u,oooo
For fancy shares generally lower rates are accepted
Cleveland and Pittsburgh was IN special demand
!, s'.,~a ,hat is fiscal year gives "a millions
of traffic, or 100000 over the estimates There
was a disposition 10 sell mary stocks short upon
the idea that Congress wili move efficiently III Inc
matter of taxation, and reduce the volume "l cur
rcncy in use Reading wss pressed fol sale under
the stock dividend Of iuecn per cent. Al the close
of the day stocks wege dull and the chief bnyinS 10
cover short contracts.
Money il easy At per cent. The new loan IS TO
DO paid for 20 the extent OF SieoOoo0o at cnc-''s
the coupon tive per cclts can be- and the payments
will not d siurb the market. Commercial paper IS
quoted ~ . 10 per cent. The >ecre;afy q. the
Treasury ihis morning authorized tine Assistant
Treasurer at tbs poT; Ia sell 1000, eco fi-os at
I0J. This sum was immediately taken BY The
Danks, the i Iist hits"h"l ''"AiH. 'N' "'' 'N' "
snd-h-half millions:
The Bank 81 Commerce tool ............s ,,L'uu
The Phpnif Bank. 1870
The Fourth AaiiOual 'nn'oao
Boston Banks. 80 80
The Philadelphia Banks ....-.-...-....... 'oV'ooo
Twenty five millions were taken, and al EFFORT
madeat Washington 10 le; the extra i've mii'iors
be- sold 1t 100 II Will not be 10 the credit the De-
pa,,mcn il allows the sale ola dollar over go 600
o0D. unless ne Drcss'' market rate Is paid The
transaction WAS 50 quietly managed that II hardly
attracted the notice OF the street. For moment
the price dropped 20 ioj, followed by sudden rally
to IOG,4pIOf, aul general scramble to buy.
Short tilac sales ae,. made a; 1906. Tho sale
was good oneior Mr. Fcsscnden, bur he could have
done better had he been without tbs advice OF pa
trotcp bankers who ihonght 1914 was az much they
would bring. IL is thought upon the street that Mr..
Fessenden and Mr.. Chase have had enough "patrl-
otto advice and that the sooner the Department AT
Washington and New-York is free Of the advice oi
speculators whose estimate OF he national credit ~
so much under tho opinions OF ordinary loan mara
gers aud the people the better. IL - understood
now whv the street was fooded yesterday with
.,.20s. This well.inten.ioned effort TO break the
ma, set and cripple Mr. Fessen1cn, who refused 10
betrsy his trust by giving somebody "a bargain
has failed az did previous efforts in the same dIec-
ton. IL is understood that no more goid-beaiins
bonds will be issued by the Treasury, and thai torthe
future short bonds tbr.eyesrs will be sold, interest
parable in currency, and convertible AZ maturity
into god-bearing bonds Under The adoption OF ihis
policy. the 5.?0s by the Ist OF January vii sell at
an aud a.. desirable a. hat price
At the Mining Board ihe following sales were re-
,orteI: 100 Isaac Harbor Gold al Is; 300 Smith
&. Pa,neler Gold st 81, and - at q; 800 Bucks
County Lead ct %.
At tho Petroleum Board the following sales were
reported: 30 Germsnia $i %; 800 knickerbocker
Petroleum COMPANY 7oc. 1000 High Gate, bio,
Al 10; 1000 do, 81, 81 10; 1000 do, 80, 81 ~;
500 do, BIO, 81 Is; 100 Rynd Farm, s 40.
Frcghs are dull; the engagements to Liverpool
arr 30 tuns Bacon and SO tuns Tallow at l2s Cd; 200
tcs Beef on private terms; and IA, 900 bush. Wheat
at old, and per steamer go bbs. Apples, S.. and
80 boxes Bacon, los. TO London, ~ boxes Ba-
con, 25s.
The Dry.Goods sales to-day were not success.
The sale of Lupin's fabrics by Wolbert, Gordon &
Co. attracted great attention. Prices ruled low,
and the decline was 1890 per cent. Bombazines
of favorte cologs sold at prices ranging from q "a
to q o. only o ample ffom each being sold. The
cuality Of these goods bringing only ~ q, Lost
week vas sold for g. 60. The e. black Tsmise was
suatvA ri a 50; DO. black Pariseule, u ~; and