New-York daily tribune., 1865-11-01
TUESDAY. Oct. 3l-P. ".


Gold under the foreign news was higher, opening
at 14ei, and closing atli6.
Gold-bearng Government securities are lower
and hard TO sell at quotations. The 7.30s are
STEADY, and at current rates pay large interests
The share market is Irregular and for the
8 moment has lost the extreme buoyancy no.
ticed yesterday. The latest quotations are as
d. follows: New-York Central, 9S099a Erie,
o. 92s 092l; Hudson River, los alOsl; Reading, ll5l
@ll5l; Michigan Southern, H074i; Illinois Cen
trail Scrip, l370l374; Cleveland and Pittsburgh,
62b 082s; Rock Island, 109alO9; North Western,
Bag 93ii; Western Preferred, 67I G67i. Late
In the day, on receipt Of the news by the Damascus
ofthe advance in prices OF American securities, the
marketimproved, Erie selling at 92I. The balance
of the list sympathized and closed strong. Prairie
du Chen advanced to 74a and closed at that price
bid.
The money and stock markets are irregular, and
prudent people are not disposed to make long en-
gagemonts with their money, or to load up with
stocks or merchandise. The success of Mr. McCul-
loch in his first movement toward funding the short
debt of the Government has taught gamblers
upon the necessities of the Treasury salntary les
son, and convinced them that the Treasury is now
master Of the situation and able at any moment 10
crush Speculation. The next statement Of the
national debt is expected to show another reduc.
toD, and enough TO warrant the Secretary in sus.
pending his funding scheme until Congress meets
and authorizes more thorough system. The Seerc-
tay needs no Congressional action so far rs funding
Che compound notes and certificates of indebtedness
are concerned, and the sooner he puts another
ESQ., 600, 900 Of god-bearng stocks in the market in
exchange for short currency debt, the better. 1t
will create general outcry among overtrafing
banks. spcculating merchants and gamblers in
stocks, and produce and make among them q rich
harvest of bankrupts. The disaster to the plans Of
this class of the community will be made up
hundred fold by the benefits conferred upon the
people at large by forcing the crops promptly to
market and restoring to productive labor an army
OF idlers who exist by speculation.
The country is now suffering nnder redundant
currency and the sooner il is contracted the betts
The disturbance in values can never be less than
ut present, and may be much more through delay
Stock houses quote call loans per cent, and an
active demand. Mercantile paper 7a9 per ceat
for best, aid I00l2 for second rate I
Exchange continues nolninslly as follows: Bank
BIS Sterling, co days. 1885, sialeo Bankers Sterling
3 days, no. Merchants, l0s&l0sl; Francs, long
GATE, sci 405.Isi; Francs, short date, 5.l7a@5l8 !
The total amount OF Exports for the week ending
Oct. 81, 1865, was $6,0s1,f67. .... ..s-..,l 4
Tho earnings Of the Detroit and Milwaukee Rail-
'oad for the fourth week in October we're:
ss5. 81 400 sl5s29 Increase. .e2a75I /
The traffic of the Great Western Railway Of
,aDada for the week ending 9th October, was: |,
sG5 I572s2 20 1864. .se6Sl 3s! Inc. sos, 5s7 eit
1t is ul'derstood that tho Morris and Essex and
10 Catawiesa roads have been leased by the Allan
c and Great Western Company, which agrees to .
ake the large expenditure upon them requisite to
them for business. r.
The following 10 statement OF coal transported g