The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1863-09-16

Xuitc CHangt Cdme over tue spirit OF the DEAF
ings in Wall street to-day. 1t transpired at an
early hour that, far from being in want of green
backs, the banks had increased their supply this
morning to over twenty one millions or, in other
words that. after paying five per cent to govern
ment on the recent negotiation, they have since in
creased their currency strength to such an extent
that they can now pay ten per cent additional and
still have more legal tender money on hand than
they had when the negotiation was concluded.
This, be it remarked. is without drawing mo-
ney from the Sub-Treasury, to which they
would have resorted had any real scarcity
OF greenbacks developed itself. The fact
is, as was apparent at the time to every
one who would give himself the trouble to
think for an instant, there are somewhere or
other afoat in the country nearly 1900 900 900 Of
greenbacks. This currency will go where it IL
wanted. II demand springs up here for it, IL
will come here. If no demand exists here. it will
go int the country The mere talk that a scarcity
might occur here appears to have brought in from
the country nearly five million dollars already.
This discovery created still more marked ease in
the money market to-day, and money was offered
to all the leading brokers az six. and to many st
five per cent. At the close Of bank hours it was
great deal easierJto lend stocks than money at
six per cent The rate Of interest bids fair to de-
cline to five per cent.
Gold was lowor to-day. 1t opened at 1881, but
sold down by r N. to 1917; later in the day II
was l3l and closed at five p NJ. at 1917. Bills
were 6rmer, and there was o fair demand. The
nail closed on the basis Of l45N Il for the best
bankers signatures. The wants Of the trade are
large, and the brokers seem pretty generally i'm
bued with the notion that bills will rise rather than
fall. The sale Of 100000 gold however, which
We noticed yesterday IS having been made by
leading operator in stocks, was covered to-day at
a handsome profit. There can be little question
but the fall Of Charleston will knock gold back
into the twenties. Our exports are supplying Q
fair amount Of exchange; the aggregate exports Of
produce and merchandise Exclusive Of specie), for
the week ending yesterday, foot up 81, 1887.
The stock market was better to-day, and the
tone Of the dealings was more hopeful than for
some days past. This was due in part to the dis
covery that money was and was likely to remain
easier, and secondly, to the disappointment of the
bears about the talking of in railway receipts. In.
stead Of falling off, the weekly returns for Sep
tember show an increase in every instance over
the unusually large earnings Of September, 1851
The Erie earnings for August; which, according to
the best street authority, were to show decrease,
show substantial gain over last year. The fact
is, that while eastward bound business has fallen
Cd slightly in consequence of the low price Of
grain, westward bound freights have in
creased more than enough to make up the
deficiency. At the morning board to-day
Rock Island rose tx, New York Central u,
Quicksilver 4, Erie l, Erie preferred II, Harlem
~. Reading n, Galena TX, Pittsburg Y, Il-
nos Central q, Southern old 81. Governments
were firm. Pacific Mail fell Of per cent. Terrs
Haute and Chicago and Alton advanced per
cent each. At the close Of the call the market was
firm, and at the one p. NJ. call further advance
Of Il q per cent was realized. At the second
board prices were well sustained, and the inquiry
for New York Central, Erie and Southern old was
especially lively. There were no new features at
the four P. M. call. The market was firm, and
there more buyers than sellers at the prices.
The dealings closed with an upward tendency.
The following were the closing quotations OF the
Ia