The New York herald., 1862-09-16
Se07.34s

s 's hsas esaa Rs
Sept 49,. SIS Sias2s5 ssi1l2s i44ssi,0 ,0ss
increase. sSasase '"''-0 sse,s17 7s,lol as2s, ,o2o
The increase in the deposits last week was really
nearer four than two millions. This will not be
fully shown till the next weekly statement is made.
The loans, it will be seen, do not keep pace with
the deposits. This probably arises from the calling
in Of loans and the sale of government securities
by some frightened banks. If Mcclellan has won
decisive victory over the rebels, these banks
will now make haste to replace the securities they
sold, and to offer Wall street the money they
| called in The specie seems to be increasing at
| the rate of million week. In the present con-
dtion of affairs this is NE ely dead weight for
the banks to carry II we continue to have good
| news they might break down the gold market.
Money is offered by the principal lenders at AZ
per cent call, and can be readily borrowed at
per cent. Certificates of public Indebtedness ad-
vanced with other public securities, and sold this
morning at 9SL-I higher than on Saturday. De-
mand notes were steady to-day at llOH ll0X,
say TX per cent below gold. The receipts for
customs duties at the Custom House consist solely
OF these demand notes, and the supply is steadily
diminishing.
Exchange and gold are lower again. We quote
bankers bills at 1921 %; some leading houses
refuse to draw under l30. Gold opened this
morning at lis, fell to ll7s at the first board and
1I714 at the second, and closed ll71s bid. The
bulls in gold talk OF l25 for October; the bears
who believe in the prompt $ ppression of the
rebellion expect it 10 sell at in the course Of
month. There are tmid pc lie enough in the
country to keep gold at a sat.,antial premium
! long IS the war lasts, Notwithstanding the fact
that we are large producers of the article, and
that there is no earthly for it now that it has
passed out OF the currency.
! The news from General Mcclellan which was
| made known at an early hour to-day, exercised a
stimulating effect upon the stock market, and
prices of all descriptions were higher. For some
days past there has been sensible dminution both
of outside business and of speculative movements
among the great operators Of the street. People
have been uneasy about the future, and alarmed
about the rebel invasion Of Maryland. Many
operators are frightened by the effect which that
invasion may have in England, where there is
strong party anxiously looking out Tor some pre-
text to justify recognition OF the rebel conlede.
racy. Others, again, are growing disheartened at
the unexpected DELAYS which we are encounterng
in the work OF suppressing the rebellion. For
these and other coguate reasons, there has been
less bull interest during the past week than
for some time previous and the bear
interest, which had become Insignificant
has again assumed respectable proportions. The
news to-day, though il put up the prices OF all
kinds OF stocks, did not bring back the public into
the market as buyers. All nearly all the stocks
which were bought to-day at the advance were
purchased by the street Spectators with view TO
| a resale at small advance tomorrow. II we
have succession Of victories, and matters shape
themselves SO that people at large can once
more see, or believe they can see, their way
clear to the final suppression of the rebellion and
| the restoration Of the old Union we shall
soon have the public in Wall street again
and the brokers will reap new har.
vest But confidence has received such
blow since Mcclellan left the James river that IL
will take more than one battle and one victory 10
restore it. Meanwhile, the ease or money and
paper currency prevent prices from declining,
| even when there is no outside support. and when
the news is not favorable. At the morning board
| to-day government skies advanced - per cent
and 73O Treasury notes =. All classes Of bonds
we're in request. Erie thirds rose 2. Pittsburg
and Fort Wayne thirds, 2; Chicago and Northwest
4 tIu sttuuusf Nts hIteuE tht SHdits VIC llOSb
active were the Eries, the preferred rising TO 70,
an advance OF lSs, and the old stock 10 4011 Z, an
advance OF per cent. Central rose q. Hudson
"a, Reading 2. Michigan Central /, Southern old =,
guaranteed u Panama / Illinois Central u,
pittsburg ], Galena g, Toledo q, Rock
Island a. Fort Wayne stock lZ. Aner
the board the market at first very firm
and there was lively inquiry for Erie pre-.
NJ
O'Clock however, reaction Of "a - per cent
took place in the leading shares, and sellers
seemed to outnumber the buyers. AT the second
| board the second despatch from General McCel-
Ian was received, and everything took further
1 upward start. Government siSes sold al u pre-
MUM, and the active railway shares were all "a
| ~ per cent higher The market closed firm, the
following being the last quotations
1 4 = erf0 T!o,f. t.rrf