The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-11-18

The bs nix specie reserve stood last Moraav at
s4l ,2l3,9 IS, about the same point at .Fhch it
stood for sone three weeks. There Nas been ut
call the banks during the week for So 50 o.,
600; an, tho Sub Treasury has gained nlor ey
at their expense, while, on the other hand, Il icy
have be en- receiving gold from England and Fl ON
Caorr ia 1t is not expected, therefore, that ney
will She w any serious decrease of coin tonorr ow,
hcagh the wants Of the government >ndta tr ans
mission of fpeoie into Virginia and the West fol- the
payne Mt oitho troops, &c., will prcbahly pre- vent.
any nsdsrabe increase at present. Forty mil
lions OF coin considerably r,ore than our
/ bank arc accustomed to carry. Less thai ha
| he amoant hes heretofore been ieem ed o.
safe oasis for the N to bank So long &c n
lasts however, iais probable that sanl $ VII
| perc evc the rSassty Of keeping Their ,selyes
| stro ~. The dir aount line contnu to. down.
! In hrce weeks it declined sl2, 900, 900, " shall
i dou btles1 with N n further decline tomorrow
La Nc, day it TODD at $l40 SET $50. Next week
| tn banks will place to the Gre Lit OF tie govern
ms mt tia $50 0o2,000 Lent on tle.new sizes; this
W i'll carry the 6scount lime to the neighborhood Of
$50, ,000 ghe banks arc d,ing magnifoens
business; whe1ashe was ends thy will have hani-
some hvidendS to make, and. their stockh adezs
win ba sabsta italy coasoled sDr ths. anxieties Of
J the present year.
.. Money closed yesterday drdl at 6 per caat for
call loans, and in good supply for srst class paper
which moveozeadily at So AK. For paper not
r. strictly FIRST class it is dict to obtain money ex-
d ceps at very high rates. A. feeling prevails that
10 most of tho houses which have thus far woatAered
If tho storm are not likely to go down now. But
:, capitalists stiM loath 20 too ch paperwhch is
d suspected Of representing claims in the rebel
States, names which have been current in the
| z z canfa frl
Of the money market issvery cheering The effect
c. Of war and Of heavy 81 ,vernment loans upon
= money has nov been testo and we see that they
=, do notmake money scam err or deaser There i.
no reason to believs thai the future can prove a,
y aant with loss and peril as the past has been
y We have Sc the of the war; and the none,
P market has never bee Inconvenience by it.
J. Foreign exchange advanced last week to 1852
rs fer first class sterJ Il bills and 5.25 26 for frs
class bills on Pars }. Merchants bills were bopgh
I'D by the banke1s at 1917 los. This advance
~ the fruit OF az opinion which prevails general
y among banker to the effect that the close Of nav
au gation the lakes and rivers must stop the e.
cd port OF Paf ducc, and cause an advance in c,
tae change. folding this view, several leading house
20 have bss large buyers of exchange, and yer
sparng sellers. The reckoning seems sound G
er' the fac of it, In order, however, to prevent
ady| in bills to the specie exporting point, Il
., ass cateo banks have taken United States sixe
I'D stead OF 100 Treasury notes, for The $50 900, On
i'm Negotiated by Mr. Chase las week, and these six
Q her to be placed in Europe 10 be drawn against
had necessary This will efectually succeed in kee
ing exchange down. Our imports continue ligl
se, and If our feet should manage to secure any CO
fc 10 siderable amount Of cotton the Southern Goa
we shall soon see bills fall Of again.