The New York herald., 1862-01-07
s434 ,665 5,s7s,S34
4,6S2,e9s

The decline in the deposits and specie is appa-
rent, not real. The banks began business last
Monday with less deposits and less gold than they
have to-day. From this time forth they ought to
increase their reserve, If they are governed by
sound conservative policy and do not undertake to
make war either upon the government or upon the
public, or upon their depositors. The subject Of
Treasury notes remains in statu quo. Most Of the
leading banks receive them on deposit. But few
reject them. The government Quartermaster must
have disbursed several hundred thousand dollars in
these notes to-day. We learn that the Park Bank
among others, refused to receive them on deposit.
This business may lead hereafter to legislative
interference.
Money is abundant at seven per cent on call, and
FIRST class paper, which continues scarce, can be
discounted at the note brokers' Offices at seven per
cent Ordinary business paper, representing the
transactions Of commerce in buying and selling is
scarce.
The speculation in gold and exchange continues
TO flourish. To-day bills on London rose to ia q
115, and bills on Paris to 4.95 971I. Gold is
bought freely by the brokers at 2% premium, and
very few houses are willing to sell under 2s4 3.
II appears that a large number of merchants have
been putting money into exchange on speculation.
II is confidently predicted by the brokers that we
shall see bills up to lls 12O and gold at per
cent premium.
Stocks took an upward start this morning, with
Q large business, apparently well distributed
among the commission houses The favorite spe
culative stocks of the day appear to be Galena,
Toledo, Erie and Erie preferred and Burlington
and Quincy. The mornings advance was equal
TO Il for New York Central "a for Erie, 1X
for Erie preferred, q for Hudson, ~ for
Michigan Central, 4 for Rock Island, a
for Illinois Central, "a for Southern old, u for
guaranteed, Il for Pacific Mail and "A for Pana-
ma. Government and State stocks were not active;
but Missouris rose q and United States coupon
Exes Il. After the board the market was steady.
At the second board everything very firm
and in active demand. The market closed
firm at the following quotations: States C's
registered 1881, s6% 81; do. 6's, coupon, 1881
ssh u; Indiana SIS, 76; Virginia 6's, 40 q 70
Tennessee G's, 4214 43; North Carolina 6's 591s
90; Missouri 6's, Al a "a; Pacific Mail, 941l 95.
New York Central, slH Il; Erie, 33T "a; do.
preferred, 56 Sc; Hudson River, 39% 40:
Harlem, l3 "a do. preferred, 3154 80; Reading
So "a; Michigan Central, 495s a so; Michigan
Southern and Northern Indiana, 2OL a 81; do
guaranteed, 4l% AZ; Panama, 113 a "A; Illinois
Central, $50 "a; Gaena and Chicago 679I a.
Cleveland and Toledo, 81 a 4; Chicago and
Rock Island, 52T a 53 Chicago, Burlington and
Quincy, 5s% 59H Milwaukee and Prairie du
Chen, 19s4 20.
The business of the sub-Treasury as follows
to-day .
Hecepts. s64v Ss2 20
Tor customs 40 900 90
-0na account OF loan .................... p5410 AZ
Payments including redeemed p. c. notes s6 600 10
balance... 5,OSO9I3 80
The clerks of the Manhattan Company rendered,
on New Years day, graceful surprise to MI.
Morrison, the President in the shape Of a hand
some silver pitcher and saver appropriately en-
graved and Inscribed. Mr.. Morrison has been
twenty years in The service Of the Manhattan Com.
pany, and enjoys the affection of its employees in
very marked degree
The Nassau Fire Insurance Company Brook.