The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-09-12

The specie movement during the week has been against
the bank reserve and the average which was by last
staemeis, s2l AIS 1885, will probably show aiminution
tomorrow. sum Of $l,266,7 ss has been exported
since last statement including the shipment of Saturday
Sd and exclusive Of the shipment of yesterday. The
Sub Treasury balance does not vary much II etood
yesterday at s4s97ss against s. 200 the close
last week The interior exchanges continue in favor
of the city, goods are constantly flowing to the
try from the seaboard, and thus far very little produce
has been received from the country Any decline in the
specie reserve will however be shortly made up by
the receipt Of California shipment amounting, the te
egraph States to the unusually large of 81 900
1t seems probable that shal usual, ship specie
freely during this and the ensuing month but If the banks
pursue cautious policy, there need be no apprehension
Of any trouble ensuing therefrom. Opinions differ,
usual the Of the banks persons assert
ing that they reducing their discounts, while others,
on better grounds, seemingly declare that the loans will
show an increase tomor So far the public int
rest concerned they should show reduction but tho
greed of bank managers quite likely TO lead them 70
adopt contrary policy The of the New York banks
this year viii greatly strengthen the hands OF the
men who winter will have II in charge propose
congress new bankruptcy BILL especially designed the
poyernancc Of corporate institutions As general rule,
il cannot be denied the New York banks have
administered with conspicuous disregard for the public
good If they have not broken they did in 1857 their
escape has been due to accident and will venture 70
say in some measure TO the wholesome alarm created
few weeks since by this journal Their illustrates
in very remarkable manner, the need in which they
stand of some authoritative supervision.
There particular change in the rates for money; it
ANYTHING il shade easier than II was last week, The
uuoabe rate demand loans is six per cent; but
good securities money obtainabie at and ~ per cent
Money is constantly left with established brokers at per
cent The advance Stocks contrary to general expec
tation has not created any great demand for money
banks will begin have much fall paper as they can
take; meanwhile the discount brokers do not find en-
poyment for money over seven per cent. February
and March paper with two first class Names is readily
done that figure Second class paper goes easily at
a TO- according to quality date, &C. We hear Of some
strictly prime acccptances going at 61s per cent.
Exchange has stened up since last week, though the
demand is still very moderate. We quote sixty day bills
at 10 1Io for sterling and 5t3s for francs sight bills
at 10Y 81 and 5.l1A The leading drawers seem to
cotton begins to come to market 1t must be admitted
that the pursued by the importers is calculated to
lead to such result Though the auction sales Of dry
goods do not succeed in depicting the market, import
tons go on at almost unexamplcd, and the conse
quence must of necessarily be large shipments Of some
thng-if OF cotton breadstufs, then Of specie
The of the stock market during the past week