The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1862-08-19

August TO- 15l:2S 73l .30i 77S 9T 206 142 034 O5l
Increase. sl.l3s sas ao7oe 1902 Ease All
The feature is again the steady and large in
frease in the deposits. which have now reached
he astonishing figure of sl42 ,03t,e5I To earn IN
crest on these large deposits, the banks will be
compelled to stimulate speculation in sometime
,r other. Thus far their efforts only succeed in
aiding q million to the loans for every two or
hree millions added to TIE deposits. The specie
reeps up at the rate OF half to three quarters of
million per week, mostly special deposits. In the
went Of such military successes as would Justify the
'ope that the war will soon be brought to a close,
'old would soon droop and special deposits would
ease. The premium on gold is maintained solely
~ anxiety and apprehension regarding the flu
fure, and this anxiety and apprehension will last
until there is no longer any possibility Of or occa
lion for, further issues Of legal tender paper.
Money is offered everywhere at 4 per cent, and
arge amounts are lent at 3. Certificates Of in
'ebtedness rose to-day to 99T. Demand notes
IRE l07 a "a.
Exchange varied to-day from 1867 to l27l%
With some business at 1877. There is a very light
emand. and pressure to sell bills. Gold
opened at ll5M. sold at x: in the afternoon at \
again, and closed lis bid. The speculation III
yold is subsdng, and military successes will lead
20 q marked decline.
Stocks were very buovant to-day. At an early
our in the morning McCellan's successful evacus.
ION of his recent position the James, and the
Iteration of his splendid army for effective opera
ions elsewhere, were known on Change, and
rush to buy stocks was the result. Large numbers
# spectators have been deferred from buying
through apprehensons that some disaster might
ret befall McClelan's army. They said they pre-
erred to pay one or two per cent more for what
they wanted if they could be sure Of no mishap IL
his direction. This class Of buyers came into the
msrket to-day, and gave their orders very fully
he most popular stocks with them being govern.
nents, the two Eries Illinois Central, and one or
two other Western shares and bonds. Throughout
The first board the market was very buoyant,
md at the close was quoted firm. Between the
boards there was some realizing; but the demand
Kept prices up. At the second board there was
further advance, and the market closed very firm.
Comparing the closing prices Of the day with those
Of Saturday, we note an advance of Il in United
states registered skies, x in coupons u in 7.sO
notes, in Tennessees, 21l in yirginias l1l in Pa
,iic Mail q in Central, q in Erie old IA in Erie
preferred, Il in Hudson, x in Reading, III in
Michigan Central, in Southern old, "a in guaran-
teed, in Illinois Central, ~ in Gslena, ~ in Toe
do, and x in Rock Island. The feature Of the mar
kct was the steady, persevering advance, without
any appearance Of speculative excitement. The fol-
lowing were the closing prices at halfpast three:
United States 6's, registered, 1881, 1927 a Il;
United States 6's, coupons. 1884, 10lMa2s: United
States SIS, coupon, 1874, 9O14 "A; 1910
Treasury notes, 1917 "a; Tennessee Gs, 81 u;
Virginia 6's, san IS; Missouri 6's, 4ss4 = A.:
Pacific Mail, lllH q q; New York Central,
o41S "a; Erie, 3s11x "a; do. preferred, 6911 a
x; Hudson River, 4s11S 4; Harlem, l61sa x; do.
preferred, 39s@ a 40; Reading, 595< u; Michigan
Central, 671S "a; Michigan Southern and North.
ern Indiana, 2s14 q "a; do. guaranteed, 81 a u;
Panama, 1879 lao; Illinois Central, 63L o Il:
Galena and Chicago, 73ss q; Cleveland and
Toledo, 52l< x; Chicago and Rock Island, Csk
a "a: Chicago, Burlington and Quincy, SO . 81;
Milwaukee and Prairie du Chen, 33sS q x:
American gold, 0l5 u. Afterward, in the out
side room, large business was done and higher
prices reached. Erie preferred sold at Cos. and
was in general demand Gaena at "a, Toledo a,
50L. Erie sold at 80, Illinois at 6314 &C., &c.
The b-Trensurer received to-day 500 900 on
deposit at four per cent The business Of the Office
was as follows
Receipts. ..........."......... ss376sl AZ
-For customs. 10000 90
fhyhenlS. lO5l 100 10
30
The earnings OF the Erie Railway Company for
July were 1851 O09 against $372 200 same month
last year. Increase, s214 Godfather more than
65 per cent.
The Michigan Sen shows an increase Of
slg, 900 600 on the second week Of June, making
s34 900, 900 increase in two weeks.
The Vermont Copper Mining Company has de-
cared dividend of $40, 900, to be distributed pro
rata among tac stockholders.