The New York herald., 1862-02-04
Decrease 81 ,09l ,902 423 ,066
Increase 780. 800 J.,


Decreases Rsssss:s s0'l'soa $50 sss 4asoee ,,saa17
The banks gain specie steadily, and will continue
to do until some of them think fit to trip up the
spectators in gold by throwing some of their re-
serve upon the market. The increase of deposits
is a good sign also. If government pursues
prudent course in regard to financial matters, and
is not induced to deviate from the path Of wisdom
and expediency by unsound advice, our banks will
soon be in position to resume specie payments.
and to realize profit their investment in govern
ment securities. But it must be admitted that, if
they prove SO fortunate as this, they will have had
narrow escape out of the hands of the bullionist
theorzers If the bullionist theory is adopted the
capital of the banks of New York. Philadelphia
and Boston may well be written off to profit and
| loss at once.
Money is in rather better demand to-day. Some
of the lenders ask per cent for call loans and
borrower pays less than 6. Paper sells at t6a7,
when of the highest grade. No cause is assigned
for the increased inquiry for loans, and it is pro-
badly accidental.
Foreign exchange rose to-day. All the leading
| bankers have asked ia, and a few were un-
willing to sell large amounts at that figure. Re-
latvely to gold exchange is about "a per cent too
low, assuming our foreign exchanges to be at par.
| Francs are quoted at 4.95 q 500, with q light
| demand.
! Stocks opened buoyantly this morning, and an
advance of a "a per cent was realized on
most speculative descriptions. The supply Of
| stock, however, proved in excess of the de-
| mand, and prices fell off shade as the
| call progressed. Conflicting rumors from Wash
ington keep stock spectators in ferment,
| and, though there is a general confidence in the
patriotism and common sense of Congress- the pro-
| tracted delays which have occurred are creating
| great deal of impatience Between the boards the
| market was steady, and remained so, without much
| activity throughout the afternoon. The only
| change of any consequence which took place to-
day was decline of 31a per cent in Illinois Gen.
| trial. which was caused by o rumor that govern
| ment would decline to pay the company for the
| transportation of troops and munitions of war TO
Cairo, on the ground that the land grant compels
them carry troops and army stores free of charge
| At the close the market was called unsettled the
following being the last quotations:-Unted States
| 6s, registered, 1881, s7A ss; do. 6's, coupon,
1881, ss54 q; do. 5's coupon, 1874, 1871 "a; In
diana 5s, 76; Virginia 6's, sly 81; Tennessee
6s, 42T 49, North Carolina 6's 60 Il; Missouri
| 6s, 4O1I a Al; Pacific Mail, 9sH "a; New York
| Central, 82% %; Erie, 33H q q; do. preferred,
| 55A a; Hudson River, 3724 3s; Harlem IL a
| n; do. preferred, 29% q 80; Reading, 40H "a;
Michigan Central 4sT a 40; Michigan Southern
and Northern Indiana, 81 "a; do. guaranteed,
40s "a; Panama, l13 l13; Illinois Central, 57as
a. Il; Galena and Chicago, G5s4 &C; Cleveland
and Toledo, 4Os4 Al; Chicago and Rock Island,
52Z a; Chicago, Burlington and Quincy.
| 81 q 10; Milwaukee and Prairie du Chen, l3s q
| 2O1l; Cleveland, Columbus and Cincinnati 1887
los; New York Central rs, 1876, lola; Eric third
mortgage bonds, 0aH "a; Michigan Central SIS,
first mortgage, 80 100; Illinois Central bonds,
| rs, 90 o "a.
1t is reported that Mr.. Morrill,, of Maine, mem.
| ber of the House Committee of Ways and Means,
| will tomorrow move substitute for the Treasury
note bill reported by majority Of the committee,
and that the feature Of his substitute will be the
omission of the legal tender clause. The House
and the country will be very much obliged indeed
to Mr.. Morrill, if he will show how he proposes to
raise money without making the new Treasury
| notes legal tender. If he can do this he will be
rendering substantial service to the country by
moving his substitute, and we can promise him our
hearty support. If he cannot show how money
can be raised for the support of government with
out making Treasury notes legal tender, his at
tempt to delay legislation that is urgently needed,
and TO distract councils now sadly in want of har.
| mony, must be characterized as unjustifable and
| disgraceful to q loyal man. More than any other
man in the country Anson p. Morrill, is responsible
for the unfriendy feelings which entertained in
Europe for the United States. He had better rest
content with this distinction, and leave to Mr.. Val
landigham the glory of trying to break down the
| finances of the government
| The Sub-Treasurer has called upon the banks
| for the remaining So ,5O00 900 due to the govern
ment. 1t will be paid, in United States notes, to-
morrow. The business of the Sub-Treasury to-day
was as folows:-
Total receipts. 81 754149 0S
Payments, including redeemed p. notes. 1,25s742 "a
Balance. l,t95e5 So
The exchanges at the Bank Clearing House this
morning were s25, 5,2ll ,09s SO, and the balances
81 sec ,63l 60.
The Oriental Bank has declared semi-annual
dividend of three per cent, payable on the 10th
inst; the Irving Fire Insurance Company has de-
clared dividend of five per cent, payable on dc
mand the Hazleton Coal Company has declared
dividend of one dollar and half per share, paya-
BILE on the l1th inst
The dividends payable in Boston February l
amount to 81, 100000. The month of February is
the usual period for other dividends not yet de-
clarcd, among which are the glasgow Mills, Lewis
ton Falls, Suffolk and fremont Mills Manufacturing
companies; Brookine, Charlestown, Nantucket,
Newburyport and Salem Gaslight companies;
also Pittsburg and Boston (CT) Copper Mining
Company adding come $4,000 to the amount
given in the table.
The business of the United States Mint at Phila-
delphia for the month of January was as follows:-
Geld Deposits.
From all sources. $3.50 1Ss 90
Silry Deposits.
Silver and purchases s6490 AZ
| Copper cents 20. 81 received in exchange for
cents Of new issae.... 3,2i5 90
Total deposits .S52s 1924 IL
God Coinage.
No. g Fieces. Yaae.