The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-01-30

The banks are expected to show an Increase Of
loans and discounts tomorrow. Some Of the large
banks have been unable to fill their lines, in conse-
quence of the scarcity Of desirable paper, aud the
dulness in business consequent upon the nom
organization Of the House. The last average OF
loans was 1923 ,s36,93l 1t ought not, for year or
so to come, to rise much above these figures. The
reckless mportations Of foreign dry goods presage
resumption Of specie shipments at no distant day.
and unless the banks are careful now, when the
time comes for them 10 contract, in order to pro-
tect their specie, great deal Of mischief will be
caused. What with politics and over importatons,
bank managers should look for trouble this fall
The banks. have been gaining money since last
week, and should show increase again tomorrow.
The exportshas been nominal, and on the 2lth the
steamer from Aspinwall arrived with $l,760,5s2
Their last specie average was $40 ,233 494: this time
last year they held SIS, 000,O o0 Should Congress
organize next week. as seems to be expected, the
bank average viii soon run over $4,000 900 again
The Sub Treasury receipts still continue heavy the
spring impprtations ave coming in freely and the
amount paid in for duties is large The balance
stood yesterday at ss95l l23 against So $50 ts5 at
the close Of last week. Nearly all the takers Of The
$4,560000 Of treasury notes awarded just before
New Year have paid up the amount Of their awards:
the notes are current at par premium.
The money market has become quite easy again.
Money is left with established houses on the Stock
Exchange at five per cent, though people who go
in search Of money pay six, and occasionally as
much as seven per cent. At the discount houses
we hear Of an occasional transaction at 81,
where the paper is unusually prime the genera
rate for first class short acceptances is seven and
for prime business paper, months to run, a
per cent Names less known 60 at 9 a L., accord
ing to standing, &c. There Is thus very little choice
paper Offering; business is checked aud delayed by
the factious proceedings at Washington aud the
uneasiness created by the political agisatons of the
day. As soon az Congress gets to work there viii
be better demand for money.
Foreign exchange closed lower yesterday than il
ruled at the cloee Of the previous week. The irn
porters are no. RENTING as freely as the bankers
expected, and there ID still large amount Of con-
mcrcia bills pressing on the market. Most of the
foreign banking houses ask 100 for sixty day ster
ling bills, and 1904 for short sight Bat very little
business was done for yesterdays steamer above
1851 !. Commercial bills ranged from 100 its4.
wshear, of sales Of very good bills at los! Francs
were firmer for the Wednesdays steamer, but fen
of afserward Tho closing quotation is about 5Isl
for city bankers aud $40 2l for out town bills
Brokers seemto expect fewer bills from the South.
Tomorrow win be the last day for deposits to be
made at the Sub Treasury here on account Of bids
for the 81 100 900 of the loan of 1858 to be awarded
at Washington on Tuesday at noon. As the amount
is small, and the popularity Of the loan not very
great it lie not likely that there will be much com
petition for 1t; the prevailing opinion appears TO
be that Mr.. Cobb win have reason to congratulate
himself if be gets per cent premium. Takers
may have inscribed stock II they prefer IT, instead Of