The New York herald., 1862-09-15

sacs Jan. sl7s ass sas ososa ,so7 l25 o79 Joo7
Previously reported oo'4ss.sis so.sss's1s olssl sos
Since JAM /. SO, $40 s75 IS .7ao sas y, ,sa7 osl
ExrsE. or sFscE
Previously Pre- ' reported sos,is ess sss ssssis as
Since Jan1.. s4o,soS, oil sAoi .4l0 4244l $50
The bank statement which was made last Mon
day showed specie average of $50, 1873 $685. being
an increase of $497,494; deposits average Of
$l42 6G3 036, increase of $eol ,295; and loans
average of $l5S ABS $50. increase of $l57 ,307.
The statement which will be published tomorrow
will probably show a large increase in deposits,
and an increase in both specie and loans. The
deposits have increased between three and four
millions during the week. Possibly the scare
which has prevailed in Pennsylvania, and which
has induced the banks in Harrisburg. York, &C.,
to send their specie and teir assets to this city
for safety, may have contributed to swell our bank
deposits Some money has come here from Phila-.
delphia likewise. This is not the place to dis
cuss the question whether there was any neces.
sity to transmit Pennsylvania funds to New
York for safety. 1t is question which can
But the fact that the banks of several of the large
cities of Pennsylvania have felt that their own
ETY. required the transmission of their assets to
this city for protection, furnishes powerful argu-
ment in favor of the establishment Of q branch
mint here. In the event of the capture of Pha-
delrhia by the rebels the United States Mint and
the bullion contained therein would be in posi-
ton of no slight p,ril. The treasure, the coin
lklx NJ
York, as the harrisburg and York Bank specie
and assets have been and il they escaped raids by
Stuart's cavalry on the way, they might reach
this refuge in safety, and nothing might
be lost except time and trouble. Still
the United States Mint ought not to be
a peripatctic institution. It should be located
somewhere out of harms way. We notice that
the civic authorities of Philadelphia feel so little
confidence in their own ability to defend them
selves that they have sent at least part of their
municipal archives to this city. \ proper regard
for the public good would have led them to be-
stow their first upon the United States specie
and coin which are entrusted to their keeping, and
to think Of their city records afterward. If the
rebels should take Philadelphia and recruit their
beggared exchequer with the spoils Of the United
States Mint, heavy responsibility will rest
upon Mr.. Thaddeus Stevens and the other men,
bers of Congress who prevented the establishment
of q branch mint at New York.
Money, which was worth s per cent on call
week ago, closed yesterday in good supply at A.
There never has been any want Of money, as the
pethoric bank deposits and the condition of trade
demonstrate clearly enough. The recent advance
in the rate of interest from to per cent and the
subsequent dccliae, were simply evidences of
the fluctuations in public confidence. II was
Pope's battles and his retreat to Washington, fo-
lowed by the rebel invasion Of Maryland, which
caused the rate Of interest to advance, in conse
quencc Of the withdrawal Of money from use by
frightened capitalists. In like manner it was the
reinstatement of Mcclellan at the head Of the
army, and his movements against the enemy, which
restored confidence and once more caused
| the rate of interest to fall. One principle
with regard to the course of the money market
can safely be relied upon: money cannot per
manently rule at high rate Of interest until the
| war ends, and commerce once more claims the
| capital which belongs to it. Panics may create
| temporary disturbances in the money market by
frightening timid people into calling in their
| loans, but these disturbances must nece essarily
be Of brief duration. Wall street gets accustomed
| TO everything in time. A rebel invasion Of Mary.
land has no more lasting influence upon the market
to-day than the capture Of picket guard would
have had year ago. Certificates Of Indebtedness
are selling freely at 9s1%; mercantile paper Of the
highest grade, e,5 8; demand notes, 1l0A. sud.
den inquiry for these notes has lately sprung up,
and the price has advanced TX per cent in week.
Large amounts are being boarded for Custom
House purposes.
Foreign exchange rose last week to 1909 a
| 13l for bankers bills on London. A small business
was done at 1917 q. Buyers are not quite
ready to give l3l, and most Of the leading
bankers decline TO sell below that price. The ex
port movement 10 active and produce bills are not
scarce; but the importations prove heavier than
was expected. Gold rose at one time last week
on Friday-to 1l91s but afterwards fell of, and
closed yesterday at 1lsH lls24. The rebel
movement in Maryland gives strength to the bull
movement in gold. Secession sympathzcrs pre-
dict that when Lee takes the capital, which they
expect him to do at an early day, gold will sell in
our market at $50. II is certain that IL tue cam
psign terminates differently, and Mcclellan beats
the rebels, it will be hard work to keep the price
of specie anywhere near its present point.
The following table shows the course Of the
stock market for the past week and nonkh:-