The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-12-26
Increase.. 81 o7s,79S $500 =,
Decrease 77A,S7Z o4,UVc

Decrease. 174oI osooo
We have nothing q remark on the above except that
We trust when Conge. organizes that Will attract the
attention Of members At this rate our banks will have
no Less han slsb 100000 discounts in April next and
when the time comes FOR them curta in order 70 protect
their speciewhich win flow out freely enough to pay for
Me enormous Of foreign goods which they
are now encouragng-the merchants will realize the
soundress Of the cense pronounce on their po-
Bcv The same warnings wore uttered In 1857 and were
as they are The bank reserve OF specie
received an Of strength yesterday in the shape
Of 81 4OS 234 arrived per Baltic from California We
presume that most Of this will go South in the course OF
me ensuing week. While the fall in European ohs PRE-
vents shipments Of specie against them the ia III North
ern bills at New orleaus causes flow Of gold southwark
and II s evident that the banks cannot accumulate much
Yesterday was the last day for making the usual depo
sit Of one per cent against bids for the three million Of
Treasury notes which to be awarded ct washington
On Tuesday next. The amount Of deposits At this points
up to four P. N. yesterday, has mot TRANSFERRED,
the sub.Treasurcr, contrary to custom. refusing 10
furnish the amount 70 the press. Some of the
bidders will probably deposit at Washington. The
amount Of the bids would have been larger had any other
aay OF mex. week been selected for the awards As
Bidders here we're expected 10 mako their bids three days
before their competitors Ut Washington; they were thus
placed at 30 great anage that WAS singular there
were any bidders at all under such circumstances 1t
be generally understood that six per cent wis be
the rate Of notes TO be awarded no one seems
willing give par for 6Ms or ss and the Secretary is
not allowed by law issue notes bearing over per cent
The money required by the government 70 pay last
years postal appropriations for which Congress will pass
bill as soon as orgsnizos no disturbance win thus BIO
caused in the money market by the withdrawal Of coin
from the banks ss will flow back to them again direct
nj utiae
curry held yesterday &c. against 90 500 al the
close OF last week.
Money has not varied in price since last week, though
there is rather more inquiry than there was, probably in
consequence Of the holidays, and the arrangements IN
SHANGHAI movements caused by the loss Of day in each
OF the two holiday weeks. We quote call loans oa7i
very few loans are made however, At the latter figure
which ouly given when the security ID not generally
available Most OF the brokers are empty supplied at
Per cent The supply Of mercantile paper mas been
ample since last week, and capitalists find no difficulty
obtaining fret class double name paper months, a.
per cent Short accspanccs very prime, 60 at eheh
after the holidays the range Of paper negotiable ct these
rates will probably be enlarged. Names less known are
current, ~ usual at 10 Is per cont according to
standing, &c. There have been NO important failures
since last week. There was rumor that tho Kerosene
OIL Company, whose directors failed short while Since
had failed 70 meet It's paper but thia 10 oontradcted by
the ofcers Of Me company. The concern has, We be-
leve good deal Of property, and profitable business
The supply Of Southern bills Of exchange been very
large especially Paris and an active business was
done Tor the Persia a rates not varying material
" from those current last week, 10 w.t. 1925 u for
bankers sterling, and 61bs 5l7k for francs. Very
good Southern bank bills done Al 51s for francs;
some excellent sterling bills went al 1oex x. There
was no for Europe from this port yesterday and
foreign exchange has hence been inactive since the Persia
sailed some bills Paris sold for tho steamer from
Portland nothing done for the Boston steamer on
Wednesday next AT the present rates Of exchange spo
se cannot be probably shipped 70 Europe TO cover bills