The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-01-21

Since January j.. 81 800 OtO l73 ,56z 2zSbs
The banks continue to gain specie. Last Mon
day they showed specie average equal to
SIC. 1888. Since then they have received from
abroad about 81 600 &C., the bulk OF which, how
ever, having only arrived en- Saturday morning.
will not affect to mcrrows average. As all the
averages for some time have been rising, fair
increase may. notwithstanding, be looked for to-
morrow. The Sub-Tressnry lost money during
the week, the balance standing yesterday at
81 Ice, 2t2, against g 5s i65 at the close Of Lass
week, aud s7,761 ,39i AZ the corresponding date
last year. IL is probable that the United States
j. richer specie 81 the present time than it ever
was before. Ia 1858, when the New York city
banks Accumulated 80 much specie, the rest OF the
country was drained OF gold; many substantial
towns in the West did not contain thousand dol
lars in specie. Now gold is circulating freely
throughout the West; the New Orleans banks are
exceedingly strong. and there is more gold on the
Mississippi than there ever was before. The loser
by our gain il Europe, which j. losing considers
Bile bullion 10 this country. The last loans
average OF our cisy banks was 1929 ,l25 ,5l5-a
decrease OF s439a50 from the week previous;
at the corresponding week last year tho
banks had loaned out 1923 .5S2 Ala. movement
is on foot, which will probably be successful, to
extend the time for the - per cent regime from
Isl February, rs originally agreed upon, to 18th
March. The object of this is to spare some weak
banks the necessity %; ourtaug too suddenly.
The week closed upon an easy money market.
On call money Is superabundant at per cent.
Paper that people ere willing to buy is scarce.
Strictly prime be sold al per cent. Good
business paper, with two well known names and
free from faint goes at 10 IL. But great re-
iuctance is exhibited in handling the paper OF
houses in the Southern trade. One large dry
goods house in that trade lately sent out $780,
900 Of collections and only received $1,000 in
cash. From al paris Of me South, including vir-
gina, tic report "a the same; people have ne
money and cannot pay. ne result is general
unwngness, both at bank and at the discount
houses. TO purchase The paper of arms whose
means are supposed 10 be invested in claims at tho
South. We are again witnessing Tie singular phe-
nomenon OF money being cheaper in New FORK thar
il London. The last time this anomaly occurred
il was due to the falling of in imports; it N
now due to the excess If cur exports Unless
some new speculations should arise il this coun-
try, il seems probable that New York will tnis
GUNNER send money to London 10 be loaned out
on interest.
I"'iE" 'Aoi"'nt" sVSs again las, WCoh, ann
closed firm at JOG II for sterling 30 day bills.
The advance is due, not 80 much 10 any increase
OF inquiry, rs to a dininution Of supply. Most Of
the leading banking houses have ceased to pur-
chase cotton bills NJ the Southern ports, and tlie
supply Of exchange from the movement of pre-
duoo nom Northern ports does not suffice for tise
ordinary wants of the oily. further advance IN
bills IL anticipated by many, on the ground that
our shipments OF cotton much behind last
ycar-somc ZIG 900 bales.
The following table will show the course Of No
stock market for the pasl week and month";.