The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-12-24

The decrease Of deposits and Of specie Is greater
than was expected The banks have lost five mil
lions Of coin in fortnight, and the Treasures
balance on Saturday evening showed that that in
sttution had lost during the same period some
thing like four millions of dollars Happily for the
country, this large amount of coin has not gone
abroad. OF the whole nine millions which seem to
have disappeared between Dec and Dec. 81,
less than half . million was exported To-day the
banks paid into the Sub-Treasury So 500, 900, over
100000 of which was in gold, and the balance in
overdue Treasury notes and United States demand
notes. The actual amount Of coin in the banks
this evening is therefore considerably less than is
shown above. Several of the banks are curtailing
their loans in order to protect their specie
Whether this is the way to meet the danger
opinions are not agreed in Wall street.
The money market is easier. The supply of
money at per cent is equal to the demand. At
the same time parties who have idle balances at
bank can still get for them among the brokers,
with ample security. Paper continues scarce, and
passes readily at per cent.
Foreign exchange was inactive to-day. The
leading bankers are selling at llO% for sterling.
and 5.Ss% 10 for francs, but there is very little
demand. At these rates there is small margin
for profit on the shipment of gold to Europe; but
very few houses are willing to enter into the bust
ness Of exporting gold at the present time. Should
exchange remain at its present price--which is un.
likely-small shipments will be made on Saturday,
but hardly any on Wednesday from Boston.
The weather and the uncertainty overhanging
the financial future checked business on the Stock
Exchange to-day. The transactions at the MORN
ing board were fewer than for some time past
There were but few changes in prices. Missouris
declined Il, and Erie, old, II; Michigan Central
advanced "a. Toledo was wanted at SATURDAYS
closing price. After the board the market was
very dull and Central was sold at decline of Il
per cent. At the second board the decline
was recovered. and the market closed very
firm, with upward tendency. The fol-
lowing were the last quotatons-Uni States 6's,
registered. 1881, IS -; do. 6s, coupon 1881, ss1%
SO; do SIS, 1874, s0A a.; Virginia 6's, 46L As;
Tennessee 6s, Al AZ; North Carolina 6's, SO a
591s; Missouri 6's, ashs 80; Pacific Mail, s5N
s5ss; New York Central, 76A 76zs; Erie, 26a
2671; do. preferred, Az 4s; Hudson River, 351%
35%; Harlem, lOT IN; do. preferred, 2G1s
az; Reading, SO 1871; Michigan Central, 44A
~; Michigan Southern and Northern Indiana,
17H Is; do. guaranteed, 37a 3s; Panama, 1897
10; Illinois Central, 57Z SIX; Galena and
Chicago, 63N a GA; Cleveland and Toledo, 3OL
soss; Chicago and Rock Island, 4s14 1917. Chica-
go, Burlington and Quincy, 6214 531S; Milwaukee
and Prairie du Chen, l8 q 10; Illinois Central
bonds, re, 81 q SIS.
Mr.. Cisco has at length received supply of the
second issue of 7.30 Treasury notes, bearing date
October !, and the books are again reopened for
popular subscriptions. 1t is to be hoped that our
people will subscribe literally. 1t is the duty of
every man to take portion Of this loan, and
such men ought to subscribe according to their
ability. It would be well for the Treasury Depart
ment to publish list of subscribers over $50 900,
in order that people may know which of our rich
men are doing their duty to the country in this
crisis. The business of the SubTreasury is as
follows