The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-10-01
Decrease. 81 ,OG3 ,s32 IS
Increase. i.3lS.3T5


This j. about what expected, though, on tie
whole, the decline in the loan column is perhaps
more rapid than was anticipated, and shows that
the public absorbing the 73O notes faster than
is generally supposed. An increase of specie
simultaneously with decrease st loans and deposits
ia ait unusual phenomenon. 1t is apparent, how
ever, that banks have reached the lowest point
OF their specie for the present, and that
the Treasury Department drafts make their appear
-aneo the reserve win increase.
There is in some quarters more inquiry for money
on call to-day, but the general supply at a per
cent il sufficient for the wants Of the broker.
There is very little mercantile paper making; notes
range from az fer short PRIME names, to per
GENT . month for names Of average standing.
Exchange has been active to-day at the rates
which were current ca Saturday mornng--viz: 10. ~
a "a for sterling, and 5.31 for francs. Some heavy
sales Of francs were made to-day at the latter
figure; the bills represented the recent purchases
Of grain and tobacco lcr French account. To-,iuy's
fall on the Corn Exchange will keep business brisk
there
Stocks are firm, with rather more activity.
large business WAS done in government securities
This morning; the new skies were steady; The fycs
OF loTi one-cghth higher; the six per cent Trca~u
~ notes one-quarier better. There was very ac-
tive demand for these notes aply growing out Of
the understanding that they are 10 he received fy
the government from the people. az well IT, from
the banks, account Of the 40 notes. Stare
stocks were all steady but inactive with The *.
ception Of Mi~souri-. In the RI wn,
shares the only changes were de-
cline of one-quarter in Erie and in Micii-
gan Central, and an advance Of u in New York
Central aga in Hudson RIVER. The fight between
the Central AID the Erie still continues; but il
only on Western bound freight it does not hurt
either Of them much. The Erie being in the hands
of q receiver AMI la ing credit to preserve ear
better afford to carry on the war than the Central.
At the close of the first board the market MAS
steady, and remained 50 between tile boards At
the second board Pacific Mail better, and the
rest Of the market the in the morning.
Stocks closed sieady. the following being the last
quoiaiions-United States G's, registered, 1851
90lx 81 do. 0's, coupon, 1851, 81 9l1g do. S.,
1874, s., SIS; Indiana IS II ~; Virginia 6's,
ASi4 49,; Tennessee Gs, 422. 42s4; North
Carolina G's, $50 So Missouri G's AZ a a21z; Pa
clc Mail, $50 50; New York Central, 1917 a
1885; Erie. 253s 2524: do. preferred, 451 4C} ::
Hudson River, % 331s; Harlem, 10 a 1919: do.
preferred, rs 251a; Reading. 34]l 341ll; Michi.
gan Central, AL a 4lA: Michigan Southern and
Northern Indiana, l334 l37s; do. guaranteed,
81 ii a ~ Z; Panama, ZIG III; Illinois Central, &c
6a1A; Galena and Chicago. 6s5S 69la; Cicve.
land and Toledo, 29ss 2994; Chicago and Rock
Island, tGis 10 1; Chicago. Burlington and Quin-
cy 62ss So; Delaware. iackawana and Western
Ga Gs: Milwaukee and Prairie du Chen, ~ a
l7si: Illinois Central bonds, Is % a 80.
Mr.. Chase left for Washington this aiternoon
having completed his business with th" banks. II
is understood that the per cent Treasury notes
will be received in payment Of the 1850 notes. MIR.
Chase, in fact, has expressed felt any Gn.
Willingness to receive them: the story that they
should not be received originated With sore Of the
bank managers, IL is understood that Mr. Chase
will hereafter issue United States notes with mere
iiheraty than heretofore, and will thus relieve the
banks OF pressure which might have proved Sc
we're ~ the event Of many heavy drafts being
simultaneously presented Tor payment method
OF rcconcilDg the antagonists at present existing
between the banks and the Sab. Treasury has not
yet been devised hit The attention ri parties con.
, Sublroasary syst, m viii probably be remodelicd
to su!t the present e5igeney.
Messrs. Wells. Fargo X Co. have subscribed,
through Mcssrs. ketci'um II Son. for 400 900 Of
Che government 1.3 l"an.