The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1863-01-20
!. $7e0,54 sl0,119 1T
!. 800 .84S

jan H.. l10'oOo56s a75sl,asS s2ii7l5 10000
Increase. $790,54S sl0T19 LISTS
| 1t thus appears that the deposits increase faste
than the banks can use them. Notwithstanding thu
large development Of speculation. At this season
of the year money comes here for employment
from all parts Of the country. Some four banks
uncertain about the future, are putting their of
fairs in order to be prepared for anything that may
happen. One large bank has invested its entire
| capital in specie. Others have purchased proper
ty of various kinds. Notwithstanding this and the
regular payment of dividends by leading banks
the public have not got their distrust of bank
stocks and will not do while the war lasts. II
is quite possible to conceive turn of fortunes
wheel which might break every bank at the North
Money is rather more easy to-day. The brokers
are offered money on every side at six per cent
Among the weaker operators in stocks, who are
not prepared to put up large margins, considc-
rable difference is still made for between sales
"cash" and REGULAR but as general rule we
hear no complaints of the money market to-day.
Commercial paper is very scarce, and sells at
per cent for first class names. Debt certificates
vary but little. The recent order Of the Treasury
Department forbidding the payment of fractional
sums of 81 900 in anything but debt certificates,
has rather had tendency to increase the supply
on the market.
Gold advanced to l4sI at the morning board
to-day, sold at lat in the afternoon, and closed
l47H bid. People generally seemed to anticipate
lower market for gold to-day, as it was known
that the recent advance from 1873 to l48 had led to
large sales But the non-arrival Of the California
~ Ii ~
by Congress, appear to have brought as many
buyers into the market as there were sellers At
the same time the trade in gold just now is very
perous. Exchange was quoted to-day at 1921
1863, without much business Some heavy opera
tors in bills sellers to-day, it was supposed on
limitations that good news from the army might
be expected.
The stock market was extremely buoyant and
excited this morning, and prices Of all the active
stocks were higher. The principal advance was
in Reading, which rose six per cent, and in Rock
Island, which rose per cent at the morning
board. Erie was also very active at an advance
of ~ Hudson rose 2, Harlem l. Harlem pre-
ferred TX. Michigan Central ~ Michigan South
ern 3L, guaranteed 3, Illinois 2. Pittsburg IL
Galena A. Burlington and Quincy ~, Fort Wayne
TX. New York Central and Erie preferred were
very strong, but inactive, at an advance Of one per
cent ; both promise to be withdrawn gradually
from the speculative list. Pacific Mail was the
only exception to the market; it declined about
TX per cent on the non.arrival Of the Champion
and fears of her capture. Government bonds were
firm at an advance OF "A "a per cent. State
stocks were more active. Missouris rose
TX and Tennessees "a. For railway bonds
the demand was strong, and the market
would have been active but that so few
bonds are offering. Mississippi and Missouri
firsts rose l per cent. The coal stocks are very
firm; Cumberland rose q. At the one P. NJ.
session Of the public board the market reacted on
some of the Western shares, and sales were made
at a decline of "a q per cent from the board
prices; but New York Central, Erie and the New
York shares were even firmer than in the morning.
At the second board the market was quite buoyant
with the exception of Rock Island and Galcna
which was about 2. a l per cent lower. The New
York shares were very strong. At the adjourn
ment a rumor was received to the effect that the
President was about to send message to Congress
protesting against further issues OF legal tender
paper; and, though the absurdity OF the story
was manfcst-as a stoppage Of legal tender issue.
would be equivalent to stoppage Of the war-it
had its effect for the time upon the market, and
prices declined n l per cent in consequence. Al
the public board at four r. NJ the market was
lower than at the closed board. The following