The New York herald., 1862-02-18
FINANCIAL AND CONNER CIAL.
MONDAY, Feb. l7-6 p. M.

MONDAY Feb. 17-6 i. NJ.
| To.day's bank statement compares as follows
with that of last Monday
Week end'o. Loans. Specie Circulation. Deposits
Feb l5 n,se4,1s2 2s,ll4l4s 5,762,5Os llo,4ao,475
Decrease 81 500 COS s2,5ls 8l40n 2O7,o8s
No material change from last week, except in
the loans, which declining rapidly, partly from
the contraction of business. Some of the banks
selling their government skies in open market.
1t is presumed that the specie average is decin-
ing one; the public were prepared for larger de-
crease than is shown above. The great difficulty
with regard to specie is that our imports are be-
coming too heavy again, and our exports are fall
ing Off a state OF things which creates demand
for specie and enables spectators to put up the
market. The remarks in this mornings HERALD
on the subject of call loans on specie meet the ap-
proval of our leading bankers bank which
lends money on call would be capable of selling
government stock short, or doing any other dis
reputable act.
The money market continues very easy Brokers
borrow all they want at a per cent, and first
class paper sells at about the same rate.
The foreign exchange market was paralyzed to-
day by the news from Fort Doneson and the de-
cline in gold 1t opened firm at ll511s for sterling
and 4.9O for francs, but fell off as soon IS the
news was received to lis, at or about which
figure it closed. The probability that Savannah
has fallen was the subject Of much comment in
foreign banking circles. A large quantity of cot
ton is known to be stored in and about Savannah
and would come to market in the event Of the
city falling into loyal Lands. Some sanguine
spectators predict reopening of the cotton
trade by the lst of March. Gold fell to-day to 3s
q, with heavy sales. The spectators were
afraid the market would give way under
them, and wisely realized their profits.
notion is entertained that gold win rise
to 10 per cent by and by. We do not
believe anything of the kind. The successes of
our armies, and the absence of any legitimate de-
mand for the gold we have-except for export
will probably prevent spectators getting the pre-
MUM up beyond five per cent at any time.
The stock market naturally felt the effect Of the
extraordinary combination Of good news to-day.
The leading bull spectators distributed their Or
dcrs so as to impart an appearance Of activity to
the market. But we cannot learn that they sue
ceeded in inducing the public to become buyers to
any extept Some Of the commission brokers re-
port that their cust0mers availing themselves
Of the present high prices to sell their stocks; but
the general reply to inquiries is, that they are
doing nothing, waiting for the market TO fall in
order to buy stocks. It seems to be pretty well
understood at the commission houses that
very large amount of stock Is held in
q few hands, and will come into the mar
ket, probably within q few days, to be sold for
what it will command Outsiders who want
to buy are therefore generally recommended by
their brokers to wait. AZ the morning board Cen
tral advanced "a, Erie Erie preferred 20, Michi-
gan Central a. guaranteed %, Illinois TX, Toledo
e, Burlington and Quincy u. new demand
arose for Pacific Mail and Panama, and they each
rose IL per cent. State stocks were all better.
virginias, Tennessees and Missouris rose "a
per cent The public cannot be recommended to
touch Virgnias or Tennessees: no one tell what
may be the condition of the finances of these lead
ing rebel States after the rebellion has been
cElshed out. Governments (registered sixes) rose
an eighth at the morning board, but fell back af-
| terward Parties seeking safe and profitable in
| vestmcnt for money cannot find anything on the
list so desirable as these government skies. At 90
| per cent they pay over per cent on the amount
| invested, and are more secure than any railroad
| bond or State or railway stock. At the second
| board the market was strong and prices generally
well maintained Tennessees jumped up 4 per cent
without cause, and virgniasl. Illinois Central
| per cent, and other speculative shares from Il
| to q. The market closed strong, the following
being the last quotatons:-Uni States G's, re-
gstcrcd, 1851, 80 "a do. 6's, coupon, 1881, 90
q; do. SIS, coupon, 1874, 7oA q; Virginia 6's,
IS sc; Tennessee 6's, 81 q IS; North Carolina
6's, G5 a GjX; Missouri 6's, ICT q AZ; Pacific
Mail, s6 q q; New York Central, s21s q "a:
Eric, 351s 4; do. preferred, 5s1aa "a; Hudson
River, 3sss "a; Harlem, l2Ha "a; do. preferred,
3OH "a; Reading, 421s q "a; Michigan Central,
53H 81; Michigan Southern and Northern In.
diana, 2lA o %; do. guaranteed, 4314 A; Pana-
ma, lls "a; Illinois Central, 62H1s a "a; Galcna
and Chicago, 6sN 60; Cleveland and Toledo,
| 451I a; Chicago and Rock Island 53A 50;
Chicago, Burlington and Quincy. 63 60; Mil
waukee and Prairie du Chen, 20 q 21; Cleveland,
Columbus and Cincinnati, LOT LOS; New York
Central 7's, 1876, 1857 LOG; Erie third mortgage
bonds, 9s q "a; Michigan Central s's, first mort.
gage, 1907 1Ol; Illinois Central bonds, rs,
| % q 81. After the second board the market was
very strong, and good deal of business was done
among the street spectators at an advance of x
"A per cent.
The business Of the Sub.Treasury was as follows
to-day
Receipts. S812,408 "a
FOR CUSTOMS. 163, 600 90
payments. 6ll,6t4 "a
Balance. 4160, ,429 OIL
| The exchanges at the Bank Clearing House this
morning were s24,795 ,629 OIL, and the balance
81 l,17G ,ss2 81.
The sandusky Register says that the preliminary
contract between the Sandusky, Dayton and Gin
| cinnati and the Cleveland and Toledo railroads, in
relation to granting the latter company permission
to run its trains between Sandusky and Clyde over