The New York herald., 1862-01-14
$2 ,233,C41
464,6T4


The above statement is calculated to strengthen
confidence and encourage business. The amount
of commercial paper held by the banks has fallen
nearly two and quarter millions during the week,
while the specie has increased over million and
the deposits over two millions. We presume that
our banks will continue TO gain specie from this
time forth, and that their deposits will steadily
increase.
Money is very easy to-day; the rates for call
loans are per cent; first class paper sells at
about 6, and good ordinary business paper at from
s to 10. If the public finances are not mismanaged
we shall witness period of great ease in money
this spring.
Foreign exchange is quoted at 113% ia, and
gold 22 3. The operators in bullion are prepar-
ing for another upward turn; they will be fortunate
if the banks do not spoil their game.
Stocks continue to tend steadily upward. There
some realizing in the railway shares this morn
ing, and for q short time the market showed signs
of weakness, and some of the leading specu-
latve stocks, such as Central, Erie, Mchi-
gan Southern, Central and Pacific Mall reached
"a "A per cent. But the bond market was
firm throughout the day. and in the after.
noon the general share list likewise recovered
strength, and prices rose again. There was very
large business in all the Erie securities. The first
and second mortgages have risen to point which
does not render them very tempting purchases;
the thirds were held this evening at 92. The
preferred stock, upon which the company should
pay handsome dividend this year, is firm at 81,
the common stock at 35sS "A. Attention is at
tracted to these securities by the very heavy bus
ness that is being done on the road. Never since
il was first built was IL making as much money as
at present. Erie stock and bonds have always
been favorites with our spectators. The Western
shares closed this evening at about the quotations
of Saturday evening. The foremost on the list
were the Galena and Chicago and Burlington and
Quincy. Pacific Mail was in active demand this
afternoon at Saturdays price. The spectators talk
of par, dividend of, for next month. State stocks
were fraction better this evening, without much
activity. Governments were a fraction lower. The
market closed firm, the following being the last
quotations. United States 6's, registered, 1881,
s9L s9A; United States 6's, coupon, 1881, 90 o
9OH United States So, coupon, 1874, 80 a s0%;
Indiana SIS, 761I Tx; Virginia 6's, 4S a So;
Tennessee 6's, 421@ ~; North Carolina 6's, 601;
Missouri 6's, a. q 421s; Pacific Mail Steamship
Company, 9s,4 90; New York Central Railroad,
s31s s3A; Erie, 35ss 351I; do. preferred, 81 a
57H; Hudson River, 39H 3s34; Harlem, l2,4 a
10; do preferred, 3lH 80; Reading, 81 37h;
Michigan Central, 50; Michigan Southern and
Northern Indiana, 2o1% 2l1l; do. guaranteed, a.
a421.; Panama, ll21I ll2Js; Illinois Central, So
s31,; Galena and Chicago, esH 6sI; Cleve-
land and Toledo, 37,% 371s; Chicago and Rock
Island, 53H a 53'4; Chicago, Burlington and
Quincy, SO a 60; Milwaukee and Prairie du Chen,
l9ss a 20; Cleveland Columbus and Cincinnati,
1o7Ha ITO; New York Central rs of 1876, 1887;
Erie third mortgage bonds, 80 90; Illinois Cen
tral bonds, 7's, s9a4 90.
Considerable feeling is expressed in the street
in reference to the action of the Bank Committee
at Washington. It Is regretted that gentlemen
should volunteer 10 represent the New York city
banks and should bring ridicuIe upon this commu.