The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-10-08
SUNDAY, O

single flear The tables OF the foreign trade OF the
port + ,r The week arc as sollows:-
e !. f asislaadps i ia - asss aosiiss
SeylOusly reported no ssos42 ls74sesas l7s76l o7o
sp January slls $40 ss2 Isl el2542 1853 o4s 4ao
EaroAIs or PRopu@ AND MERCHANDISE
re- ss .;G asp:d ssf 6
since January l. .as, 2ss co8 40 05s 72i eo,707,1o3
EXPORTS SPECIE
sor the week ,5 sssS 7sa an So $50 no
Previously rporiedsio sss 42o 6s,5l6971 40 55s,o7S
since January i. $40 500 237 50 ,24s958 n2r,ia7
Ii IL not probable that there viii be much change
IN the bank statement of tomorrow, so far as
specie is concerned The loss by export since the
last report was made up, including the shipment OF
Saturday goth ult and exclusive of that of yester
day, has been less than 100000 against which
some gold has come in from the interior. The last
bank average Of specie was $40 ,li7,OS6, an in.
crease OF a. 1885, is3 from the week previous; at the
corresponding date last year the banks showed
specie average Of $40 493 LA. The Sub-Treasury
balance continues 10 decline slowly. II stood yes
terday evening at 81 99l SIS, against IS 223 1872 at
the close of last week, and AHA 07s at the cor
responding date last year. The Northern Light,
which arrived last night from Aspinwall, brought
no specie, having failed 10 connect with the
steamer on the Pacific side. Judging from
the movement Of money and the statements
Of some Of the banks, the average to be made
up tomorrow will show q further decrease
OF loans The early receipts Of cotton, TO-
trftb ha appt in -la
pear 10 be reducing the bank deposits at an unu
sually rapid rate Last week, however, the state.
ment showed decrease Of loans, compared
with an increase Of specie and deposits;
20 that at the beginning OF the week,
some Of the banks must have felt
strong enough to increase their line. The
last statement showed loans average or
aga $40 42ea decrease OF 1868 ,2ls from the week
previous, but still considerable increase on tie
loans average OF the corresponding date last year.
which was sll7, I'll ,627.
Until yesterday and the previous afternoon The
money market was active an last week, al pretty
full rates Various minor occurrences created some
temporary uneasiness among lenders, and FOR two
or three days II was quite difficult TO borrow nj the
rates previously current The week closed, how.
ever, on an easy market again, with the supplies
rather IN excess OF the demand, a. the following
quotaiiols:-Can loans, a per cent short first
class paper q Z; long paper, strictly first class,
TAI fair TO good paper, .; names not gene
rally known, 10 H. &c, &c. The fears OF a tight
money market this fall appear to have been gene.
rally di-pelled by the actual course Of events The
banks have curtailed six millions Of dollars in
as many weeks, and yet m ney Is just as abundant
as il was. The specie reserve has run down TO what
pronis es 10 be it. lowest point for the season.
The imports, instead Of increasing over last
year, ~ was az one time expected, show
a MARRIED decrease. Neither in the com.
mercial nor the financial world are there
any such evidences OF expansion visible as
would be likely 70 create n monetary crisis. Some
people anticipate increased inquiry for money at
the close OF the month. in consequence Of the :
award Of the new government loan-slo 900 900
OF which arc to be distributed on the 22d instant
Unjust he borne in mind. however, that none Of the
awards Of government loans which we have wit
messed within the past two three years have had
the effect Of convulsng the market. The reason is
very simple. The government does not borrow
I'll II requires the money fast as II Is received II
Is disbursed We win do Mr. Cobb the justice to
admit that he las never made the mistake o. &C
eumulaing a heavy balance Ia the Sub.Treasury
here; he never asks tlc banks for gold until he can
not help himself. With regard to the award Of the
22d, we venture TO say that lie ten millions viii
not be two weeks cat Of Tie banks on or about
the LIT Of November q large amount Of Treasury
notes mature; other payments must lie made about
the same time; 60 hat. notwithstanding the loan,
Il q not likely Mr.. Cobb vii face Congress with
much more money ;lan hC las a. present.
The foreign exchange market gave way nj.
together last week. AT The close the best bankcrs
bills were offered at lo94 Tot sterling and 5.l6l for
francs Higher rates than these we're asked ~ such
houses US Mossrs. Belmont and Browns; but city
bills % undoubtcd character, and southern bank
bills with c.y enforcement, were sold az the rates
We mention. The decline was due partly TO the
slackened inquiry from importers, who have paid
up their debt 10 Europe earlier than usual, aud
partly 10 'he large amount o. produce and cotton
bills which are coming OH The market AZ low rates.
Bankers are buying excellent m mercantile bills al
I0sl 4 and can make more money by selling
ther own exchange al 1871 and covering with
these mercantile bills than they did. as a general
rule this summer ~ chipping specie. Al this date
last year exchange On London was ono per cent
higher than Il Ia and were shipping three times
ss much gold a. We arc; 20 much difference l.
caused by the increased shipments q produce and
the diminished imports o. foreign goods
The following table will show the movement Of
Tho stock market during the past week aud
month
~ 8 81 10. SsE "a ST. y. ~ 9
Missouri 81. elk 81 80 ps -