New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1870-10-24
Ilemau Beuedici'e closing quotations are follows

transactions al the Gold Exchange have been incOn-
adorable in volume and with little or no excitement
prevailing during the day II Is evident from the hgh
rates pad for borrowing gold that the market has been
largely OversOd partly in anticipation OF the payment OF
The November interest Of Treasury and partly In con
,equence Of popular opinion that the premium ongh
20 he lower correspond with the improved credi OF the
Government and the prosperous condition OF the eOuh
nv Discounting these prevalent opinions and the sup
py 10 come from the Treasury, short line has been
made which requires for supply all the floating goid ID
t4 street and holders have. OF course not been SLOW
I, avail of tbs condition OF affairs 10 exact the best
terms possible.
The war news meager and unsatisfactory az II is has
exercised little influence Of late but while cohtlhn-
suce of the war little effect upon the premium
~ is quite possible that declaration of peace would
temporarily al least influence decline As part OF
The gold question: independent Of legislation u is argueu
hy some men Of intelligence and shrewdness hat tne I'D
crease Of our imports and the decline IN our exports a.
row developed the weekly reports, Will tend 10 az
vance the premium, within few months, CONSIDERABLY
heyopd the present figures A large decrease ID the
aggregate value Of the cotton export II counted upon 10y
these gentlemen even # the quantity exported j. az
Urge or even larger than that of last year az the prce
ranges now about 10 cents per pOuhu irs ui"u
tle average price received for the crop OF 1862
The gold problem however can only he satisfactorily
Owed ny return 10 specie payments and 1t Is to he
bnd that Congress. will make this one Of the leading
,ucStons Of the coming session. Heretofore that body
seems 10 have afraid 70 meet tins question larry
AID sQuarely they may banish their fears snce
confidence the financial ability Of the "oVeiheht IL
well nigh universal ana when resumption can he carried
- h great ease and safety 70 the business interests al
the eouutry and with the hearQ 8cqniescence ana aP
lrovai of the people.
cold ranged on light business, from ll2t 10 ~. with
uomentary advance rs. The days business at tbe
Gold Exchange Bank war a. follows: 6oid eieaTeu'
t.qoi2 nnt gold balances s24G5277; currency balances
III. ,iaf fufpr of ~,
centred IN the borrowing market. where cash gold Las
s.ain been dinghy difficult 10 obtain owing TO the
withdrawal " large amounts by the BANK oi montreal
This was al entirely speculative movement ana wac
.pe "a compel the shorts either 10 cover OF 10 pay hgh
mites for the use Of coin deliver The latter aeiha-
tive was chosen and borrowers paid a. blgh 10 uric
vores Of one r cent the OF gold until Monday
submitting 10 the extOrtOn the belief that early IN The
week the Secretary Of the Treasury Will order The pre-
payment without rebate. ~ the November interest.
such order promulgated ~ 1869 on the Z'th "
October and il IS presumed 10y those IN want OF god mat
viii not I've delayed TO a later GATE this year.
Later in the evening Washington dispatch announces
that Secretary Boutwell, has authorized thcEaymeh
- the interest due on the Isi Of November Monday,
ibe 24th inst. without rebate.
The following The transactions at the sub
Treasury
os S,Sss' | ~ r. vi sss, TsiSs 20
sS 9;SS SEW ''''' ''' ''''''''' ''' !"
The balance al the Treasury Department al Washing
ton, at the close Of business to-day. Coin. @,5 900
including N2Sos Coo in sod-besr1ng Certificates; Cur
reDcy, Ell ,Sss,ss.
The week closes upon EXTREMITY easy money mar
kei the supply the being in excess Of de
tnand. The general rate the stock brokers
ave per cent on approved collateral with exceptions
si1 large balances being EfI with the leading bond
houses Al four In the currency movement there IL
nothing important 10 nOie The city banks are sending
ut 10 currency the West and with confidence in
the future Of money under the policy ~ the Tres
.ury relative 20 It, bond purchases There il no material
change discounts prime mercantile aceeptances NOV
dug freely. OIL the basis Of the following rates: