The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-02-15
81, ss5, s5s 572,3ss 7s.4l4 2,els As

Decrease. 81 1895, 1858 $40 1853 7s,4l4 26lS,43
The decrease in loans bears proper proportion 70
the falling off in specie which ia smaller than the actu
nj loss led the public TO expect andndcaes that there has
been, during the week. drain upon the interior for gold
AS the California remittance only counted once il will
be fair to that the average rising one-o be
cut down. however, By the specie shipment to be made
Wednesday, besides the payments into the Sub Teasu
~. The decline deposits is not very good feature at
this time of year In few months should the crops in
the West promise anything at all, large sums
will be withdrawn by the Western banks and
bankers The balance held here by the Southern banks
Is still considerable At this season should be
mula,ng not parting with deposits The future policy of
the banks is very clear Let them persevere in their
contraction let them refuse business under six and
per cent, and they will achieve somethngYtowards exri-
eating themselves from the unhealthy condition in which
they stand
Money is without change. Some Of the banks ask
ing for call loans but most OF them continue
lend on good collateral at six No discounts done
der seven, and eight is becoming quite asking
figure, even for very good paper Among the brokers
the private bankers continue to lend their balances
I'VE. The of the difference between their rates and
those Of the banks is that the latter governed partly
by the general business OF the port and partly by the
supply Of specie in the reserve whereas the former
guided solely by the demand for and supply OF specie to
lend on STOCKS There no business doing in stocks and
consequently very small demand for money hence its
cbapness Foreign exchange for Wednesdays steamer
confines finn. Bankers asking l0924 for sterling
121S a IS for francs. The steamer will probably
take half million in specie.
Tie stock market continues to present no particular
feature of interest Prices this morning did not vary
tcray from the closing quotations on saturday but the
market dull and Tie business done remarkably light
Na IN
contracts; and here and there speculative jobber,
thinks that be may make "a K per cont by buying for
the rise The commission brokers idle their business
e mainly confined to selling small lots Of such cash
stocks New York Central, which bought come
time since for the dividend and whose holders do care
10 run the risk Of holding for another tbs The
dulness Of the market partly due TO the arrival Of
the STEAMERS but also still greater degree the
of busness the roads and the general distrust felt
among the public with regard 10 railway property There
a sale this morning Of single government five per
cent bond at Saturdays price State stocks generally
opened very strong, with a good demand; but Mig
souris were more plentiful than the market could
bear at the slight advance at which they opened
and the advance lost In the general bond market
the business Done was very small, and prices
changed. The upward movement IN Pacific Nail received
check to-day IL opened half per below Saturdays
closing prces, and though bid up afLerward the
spirit with which carried from 10 IS was want
ing; in the afternoon it fell three per II would
appear that notwithstanding all that has been about
the unfair conduct Of Vanderbilt the true Of the
rupture between him and the Pacific Mail Company was
attempt Of theirs TO eyade payment Of the subsidy
they had agreed TO pay him. They will probably find II
expensive experiment We understand that the Com
modore has nearly completed his arrangements for
his line and that unless the Pacific Mail should sell out
their steamers 70 him other party, competition
OF the hottest character may be anticipated This 10
good news for travellers. The President and Vice
President OF the company in Washington, looking
after the mail contract Panama opened at an
advance, but was sod down below Saturdays
Agnres The decline Ia of course due 10 the prospect of
reopenng sf the Nicaragua route. We apprehend that
even this route opened the Panama would always
be ab-if the climate does destroy the roadto earn
very ba ndsome dividends. New York Central was ouet
nj shade below Saturdays price the other railroads
there was this morning material change We under
etand that tie have OF last been consumat
ed for the payment OF the first nsalment the Britain
loan 10 the Illinois Central Railroad Company, that
the bills will 90 out in the Cunard steamer Wednesday
This bridges over the year for the company and
abes them TO meet their obligations without mourning
fresh debt on this side the water the property have
any future will have opportunity Of proving It.
II need hardly be said that the terms on which