The New York herald., 1862-11-04

Increase. $l,oss,oco 1906 2,7a7 ,s05
Decrease. 29,9T3 -
The movement thus continues its uniform course
the loans not keeping pace with the deposits,
though increasing largely week by week The cir
culation, which was expected to run over ten mil.
lions, fell back last week. owing to accidental cir.
cumstances. II can hardly fail to increase, as
general rule, as the slowneA with which the
government paper Is supplied to the people
creates a painful scarcity of currency. The in.
crease in specie is due in measure to the action
of some banks, which are lending to all comers on
the precious metal, being willing to make little
money at the cost of the public credit, and even
to the depreciation of their own assets.
The money market presents no new features.
Old houses, with good securities, get all the
money they want on call at five per cent But
the street spectators, who hold the bulk Of the
active stocks at present, and are not known to be
in every instance men of large pecuniary respon.
sibility, find very considerable difficulty in borrow
ing, even on very large margins at six per cent.
Bankers entertain great distrust OF the active
stocks, which have advanced 50 much of late; and,
though further experience Of the new prices will
Of course dispcl this feeling, it operates severely
against weak borrowers at present. There Is no
change in mercantile paper. Certificates Of pub
,c Indebtedness advanced e per cent this morn
ing, and are becoming more popular investments
as the large receipts from internal reveLue be-
come known.
Gold and exchange advanced to-day. The
former sold in the middle Of the day at 1861.
closing at 1925 bid; bills were sold (bankersD at
li4i,, and some leading houses asked l45. The
exploits OF the pirate Alabama operate unfavor.
ably against our export trade; fre per cent war
risk is freely paid.
There is no new feature in the stock market
Holders are generally selling their stocks in view
of the uncertainties of the future, aud the minor
Wall street spectators are buying them. The
street has been full Of ramors of political combi.
nations which are to be attempted after the elec'
tion, with view to ascertain il some settlemens
or compromise cannot be effected: and though
well informed persons attach but little weight to
these stories, and entertain but little hope of any
solution Of our national difficulties except by the
sword, they are nevertheless calculated to induce
prudent men to sell their stocks, II they
have got any aud to abstain from buying until the
future can be discerned more clearly than at pre-
sent. At the morning board to-day Central de-
clned x, Erie u, Erie preferred e, Southern old
x, guaranteed X, Galcns u, Rock Island "A, To.
isdo x. Michigan Central was q better, aud
Hudson rose q. A large business was done in
governments; the coupon skies, which are, without
question, the cheapest security in our market at
present, advanced * per cent. After the board
the market was very heavy, and Q general doclinc
of X u per cent ensued The leading street
operators feel despondent about the course Of the
market, apa the more more csrslgI commission houses
are exaciing unusually large margins for purchases
on time. AT the second board the market was all
La% per cent lower, aud closed heavy, the ioi'
lowing being the quotations at hslf.past three
Usss,rcQS9i. 1861 q l0sK Harlem pref. 49k sgh