The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-10-29

MONDAY, OCT. ZS--o i. nj.
To-day's bank statement compares as follows
with that Of last Monday
Week Ending leans Specie. Cisctiou. Deposits.
October ABS 80 1874 1888 a73 1876 ABB 0e3
October 20, l47 26s6i8 S4l5 6lS III 7l6e54
.a5 Decrease. s4,559,7s2 22,2sS i6S,oso 4,7leIoo
8 This is favorable statement, inasmuch as it
reflects the gradual absorption of the seventhirty
Trsasury notes by the public. The diminution
during the week is equal to four and half mil
hons. The aggregate amount reimbursed by the
government to the banks account of popular
subscriptions is SO per cent Of the first loan
Come 1867 900 were paid over to-day on this ac-
count. At the same time, the government drafts
proving very heavy, and the Sub-Treasnry balance
diminishing rapidly, call was made upon the
banks this morning for ten per cent of their second
on, 900 600 loan, amounting to $500, 600, which
will be paid in tomorrow. The above return Of
specie is considerably less than the banks really
held at this time.
Money is rather more abundant to-day. We
hear Of large amounts being hawked about among
the brokers, in search Of employment at six per
cent. Some lenders have loans still out at 7 per
cent, and some at s; the true rate is about 6.
First class paper continues scarce; it is current at
q q per cent. The brokers continue to do a fair
business in Treasury notes. Messrs. Eyern orc,
Clews u Mason report that they have sold
q, 500, 900 since they began The Department has,
however, made a great mistake in granting
monopoly of the sale of these notes to six indvdu
ais for this city, instead Of commissioning agent
every banker or respectable merchant who applied
for the post. Had this latter course been p,.rsued
the sales of notes would have been much larger.
There is some red tape somewhere in the Treasury
Department which has than once initiated
against the true interests of the country. Mr..
Chase should find it out, and get rid of it.
Foreign exchange is firm but dull. Bankers
asking 1917 for sterling and 5.3I14 321a for
francs, but We hear Of few transactions
Il, There was strong, healthy market for stocks
to-day and prices of all classes of securities were
higher. The bears made efforts to depress some Of
the railway shares, by Offering their options at the
FIRST board. But the result did not respond to their
endeavors The public are evidently not prepared
70 sell stocks Just now, and a very little encour-
agement would make them free buyers. Govern
ments rose about x per cent to-day, the coupon
skies closing at 941 bid. If the naval expedition
succeeds it will not be long before these stocks 60
to par. Mssouris were active at an advance of "a
per cent; the recovery of Springfield and the gra-
the rebels are calculated to impart new value to
these securities Among the railway shares the
Armest appear to be Erie, which rose "a; Toledo,
which rose *; Burlington and Quincy, which rose
8 4, and Galena, which rose "a. Pacific Mad also
advanced per cent on vague rumOrs about a con-
tract with government for the transportation Of
freight We presume the fact 10 be that few
more persons became acquainted to-day with
IL og
ders to their brokers to buy Tho earn,
ings continue to render ds paynent
Of regular quarterly dividends Of i've per cent .
matter Of certainty; and with This prospect the
present price must be considered low. At ths
second board to-day the nlarketwas we'd sustained,
4 though the amount of business done was net large
Stocks closed steady, the following being the Inst
! authorized quotationss-Un Statss O.. 1881.
registered, sSN . o.; do. o's. la6L oOspa.
+, ~ . s411as; do. 5's, 1874, aaA Q a6.< In
diana 5ss-- as0; Virginia e's. Is a ~ Eennssaae
e's, 42L a AK: North Carolina Ts, % e1 Me
souri, 6's, Al q 44144 Pacific Man, e21x sa3S Nsv
York Central. NJ 7s1@; Erie, S21S s2ak 20.
preferred, 81 dlss%l; HUDSON River. sss1 sa31;;
Harlem, 121a -; do. preferred. SO "a; Reading.
IS q 351S; Michigan Central, - alak H1a'ieOa
Southern and Northern indiana. tsS ia1E u.
guaranteed, Sssa sss[[; Panama, ll5s44a lIGs nA-
uois Central. S51 65szz; Galoaa ana Chicago, 5ek
II; Cleveland and Tsled0. s8sM eG3<: Chi
cago and Rock Islapd. sIssa oI11aa; Chicago, Bur
lington and Quincy, % 6311aa; Delaware. Lack0,
3 wana and Western. SO a 10; Ailwsukee and Nairss
tlu Chen, Is 10; Illinois Central bonAs "a, s71
. ss11s; Delaware and Hudson Canal. g s.;
Pennsylvania Coal, Is q 70. ao @a
The business-os the Sub-Tneaasy to-day WA a.
foAows;- dte
Total Tar r sss as: e s =
Payments, including redeemed six per cent
notes. ....-..s.. zS5z,6 GIN y
Balance. oSl6362 q
81 The exchanges at the Bank Clearing Hous TIN
morning were $22, AS, s61 49, and ts balances $1.-
712,651 SO. sga 5nt
The specie yeserve of the Boston bartaa, sftU
paying the government ten per cent ON the ssena
City millions of the national loan, footedup n. lk7,
15o-an increase for the week Of S251 900. Ths
Philadelphia banks ass Also responding ON the ~
cond fifty millions.
q The receipts Of wheat ut Milwaukee for TN week
ending Oct. II reached sons 600, 900 bushels.
which is tho heaviest delivery recorded In the
history Of the city. Tho deliveries on Friday, Oct
Flour, Wheat, ooa, Corn, Bor~y, Rye,
u-f btls bush. BUSH bush: bush bsSh
4 ena and d n s'f RI SO so 4os 80 ~
n. and Western. SO 90, 500
Chi. and NJ. RR. $3.50 1921 2,s44 $50 sJ54 72l
By Lake.. 10 2352 500 1000 -
Total 49,. .267o 112,sos sys4 $500 aJn vi
Same ky, 1s6o.27I6 Ss,3s4 - - -