The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-12-11

The bank statement Of to-day compares as FOL
lows with that of last week.
Dec L.. size Ss745 ssll7oa s,soS,ai4 soT ans
Dec. e....... l3o2li3o 62I41 $500, la5 s2is4,io
Increase. s677 eA 2o,sol l5o,24s l,ael ,a4s
The increase of loans continues; so that the
merchants cannot complain that the banks
have not kept faith with them. The
increase Of deposits shows, too, that the mer-
chants are simply keeping their money in bank 10
be prepared for emergencies. So long as the de-
post line continues TO increase the banks run no
immediate risk. The discount line now stands at
ahigher point than previously touched since August
last, and higher than would have been reached, in
1he ordinary course OF events, before March or
April next. Considering, however, that the
foreign exchanges al IN favor of this country,
and that the merchants have every reason 10 sus-
tain the banks the dangers of the present expan-
sion arc less than they otherwise would have been.
The specie reserve remains pretty steady, not
withstanding the drain Of specie TO the south
By the end of the week we shall begin to receive
gold from Europe, and another remittance from
California viii be due about the same time. To-
day about 100000 went South, mostly to New
Orleans, where exchange on New York stand' at
per cent discount.
There is no change in The money market The
only rates at which any paper sells al all are 10
Is "a per cent and nothing but first class sigma
lures can be passed at these rates. The discount
brokers report absolute dulness in their business.
The applications at bank continue moderate; but
Boston continues 10 lean spon Us more than
safe. There was rumor to-day that the Boston
banks had suspended. There can he no question
that they are in very insecure position, and that
ihey cannot expect Us to carry them through.
The foreign exchange market opens with very
light demand indeed. Bankers are asking los
lO4 and there Is little business doing AZ the
lower figure. There are mercantile bills in mar
ket at 100 l0l. The s,agnaat condition Of tie
exchange market arises. not from the political
condition Of the country, Int from the heavy re-
mttances we have made TO Europe this year, aud
our light purchases of foreign goods. The leading
importers have already RENTED for the next
season; the weak houses cannot sell their paper,
and will not remit at all. Unless, therefore, the
fan in cotton and breadstuffs should be greater
than now seems probable the exchanges may
rule in our favor for some time 10 come.
The stock market, which revived a shade on
Saturday evening on the strength OF more IA
yorable dispatches from Washington, reapsed
this morning into its previous condition OF dull
ness The feature of the day was the decline of
United states skies to %, and of the hyes Of 1874
10 So Whether the report of Mr.. Cobb's resigna-
ton had anything to do with the decline it is diff
cult to say An infusion Of new energy into the
Treasury might perhaps help the prices Of govern
ment stocks. The government will have TO Dor
row nearly ten millions to meet Treasury notes
maturing before New Year and for other purposes.
IL is urged on very good grounds, that the new
notes should be seyens, not skies, and that they
should be sold for what they will command But
whatever Is done should be done quickly. Tennes-
sees were steady this morning; Missouris and
yirginias shade lower. All the railway stocks
were lower this morning than they were at the
close Of business on Saturday, though higher than
on Saturday morning. Some further orders were
filed for Illinois Central shares, which advanced
under the impulse. Many people are inquiring
what people are going to do with their money
when business Is at an end, and United States and
State stocks unsafe investments The problem
il curious one, and will take some time 10
solve. This afternoon news was received that
South Carolina had resolved 10 take overt steps
toward secession until after the 4th March, and,
this intelligence being construed favorably. the
whole market improved, and closed firm at the
following quotations--being in some instances an
Improvement over the prices current on Saturday
afternoon;-virginia 6's. "a a =; Missouri 6's. 81
q; Canton, l214 "a; Cumberland Coal, q, "a
81: Pacific Mail, 7j11s 7611is; New York Central.
72a1t; Erie, 2s14 ~ Hudson River, 36l4 u;
Harlem, 1875 =. do. preferred, as. a 80 Read.
ing. 3e1, a 81; Michigan Central, a u; Michigan
Southern and Northern Indiana, ~ Il: do.
guaranteed, 20 2614; Panama. 1857 100; Iii.
nois Central, So a "a; Gslena and Chicago, CO.'S
u. Cleveland and Toledo, q q a; Chicago and
Rock Island, A. a ~; Chicago, Burlington and
Quincy, 81 a 62; Illinois Central rs, s2l. IS.
The business Of the sub-Treasury was as fol-
lows to-day
-For customs. ......................... ~ 90 90