The New York herald., 1862-09-02

l.JI
The decrease in the deposits was not generally ex-
pected. II arises doubtless from transtory causes.
The increase in the loans is in part owing to
the recent purchase by the banks and others ef
80, 900 900 of 7.30 notes. which did not exercise
its full effect upon the last bank statement. The
specie column has not varied materially since our
last statement. Thirty-ive millions is very full
average for our banks to carry as a reserve. II
we were at peace, and our banks were paying
coin, the amount would be much smaller.
The money market is feeling the effect of the
news from the war and the thousand and one
rumors which are perpetually being put in circula
tion. We quote money on call to-day per
cent, several large loans having been made ut the
latter figure. The deposits of the Sub b-Treasury
have fallen SO low as hardly to be worth mention
ing. We are requested to state that the interest
on all deposits which have remained six months in
the hands Of the Sub-Treasurer will be paid in
gold. Thus the banks, which effect their clear
ances on Sub-Treasury certificates, representing
deposits Of currency, viii receive in gold interest
at per cent on some $40 900 900 in November
next. This regulation has the practical effect
OF increasing the rate of interest allowed by
government on deposits from "a TO "a per
cent, mt the present price of gold. IL
is to be hoped that in q short while
She position of armies will be such as to enable
the government to reduce instead Of increasing
the terms on which il is prepared TO receive loans
of money Certificates Of indebtedness fell this
morning TO 99l4, demand notes rose with gold to
1851, but were oversupplied at the advance, and
subsequently declined to 1919. e.t.-.
Exchange advanced this morning, as is usually
the when the news is not wholly cheerful.
Bankers raised their rates to l26l4, "a, "a. and
at last l2g at which figure there were transac-
tons. Gold rose 10 1l6ss at the first board to
ll7k x at the opening Of the second board, and
finally closed at III. The advance in gold as in
exchange, springs altogether from the uneasiness
which prevails in regard to military matters. A
defeat would cause stampede in the gold market.
The stock market to-day was lower, but It's pre-
vailing feature was dulness. At the opening Of
business there was a tendency to panic which was
checked as soon as the board met. From that
time till the close of business fluctuations OF X n
"a per cent followed each other with rapidity as
rumor after rumor, often Of the most absurd and
exaggerated character, reached the ear of the
street. AT the close rather hopeful feeling
prevailed. II was remarked generally to-day that
the street. or rather holders Of stocks, seem tn
have got hardened against bad news. The alarm.
ing intelligence contained in this mornings papers
frightened no one into saughtcring their stocks.
The public are either thoroughly satisfied
that whatever temporary reverses may
beiall our army, the end must. be the
triumph Of the Union cause, or they are persuaded
that defeats and disaster cannot really alter the
value of railway property at The North. Compar
ing the closing prices Of to-day with those Of satur
day we note decline Of 70 in registered skies, l%
in Tennessees, ~ in Missouris u in Pacific Mail, a
in Central, in Erie, y in Eric preferred, IL in
Hudson, II in Harlem, ~ in Michigan Ceutral, u
in Southern old, "a in guaranteed, 4 in Illinois
Central, u in Galena, "a in Toledo, " ia Rock
Island. At the close the market was steady, tho
81 ka,n he faota