The New York herald., 1863-08-18
Decrease. 81 1854 $3.50 2s1 ,eas s2,s


The deposits are thus on the increase again.
We believe that the deposits average is rising
one, and that the actual figure this evening s con-
siderably in excess of that which is shown above
On the other hand, the reduction in the loans
places the banks in a position Of strength, and
will compel them this week to seek to extend
their discount line for the sake Of earning interest
on their capital A good deal Of money has been
sent to the country during the past two weeks in
payment of supplies, &c, for the army. This will
mostly come back here before the end of the
banks, which has been of very little consequence
under the present law, will become very impert-
ant item when the new banks organized under
Mr.. Chase's act go into operation.
Money is very abundant: call loans to the brokers
range at 8 a G per cent; but several bankmen
stated this afternoon that they had been unable to
place their means, and the prospect s rnthor that
the rate of interest will fall than that it will rise.
Debt certificates advanced this morning Is of one
peHrcent. There is no change in commercial
paper.
Gold is dull and neglected. The general belief
in the fall OF Charleston prevents people buying,
and the short interest, combincdwith the export
inquiry, prevents the price falling II was 1857 a
q this morning, and 1852 at.fve o'clock this af-
ternoon. Bals are almost nominal; bankers rate
is l3s; but large amount Of bills could he sold
at this figure. The wants Of the trade are very
light and every one who can postpone his remit
tances to tho other side s Going So In the belief
THAT new military and naval successes will lead to
fresh decline in the price Of exchange.
The stock market was very buoyant to-day. and
prices all advanced considerably. though the
volume Of business was much less than in May or
| January last. The operations Of outside specula-
| tors are increasing at moderate O pace that
| many experienced observers are of the opinion
| judging from the volume Of business done, that
| the upward movement is NOT near its climax yet
| At the morning board today New York Central
| rose per cent, Erie "a, Hudson ~ Harlem p,
| Reading 3, Southern old 8, guaranteed 1, Illinois
Central p, Pitssburg 1iI, Rock Island /, Galena
| =, Fort Wayne 8, Northwestern 2. Terre Haute
| Ia, Chicago and Alton 2l[. As will be seen, the
| principal advance was In Harlem, Southern old
| New York Central, Erie and Fort Wayne. The
first moves on principles peculiar 10 itself
the last mentioned -four stocks derive much
OF their present strength from having
been oversold by bear operators on the
supposed railroad war Governments were steady:
State stocks aud railroad bonds dull. The lighter
fancies were rather neglected. Bucks County
Lead fell on per cent. After the board the
market was very strong indeed and At the public
board at one 7. NJ. the attendance was very large,
and the business done large also. Eric rose u,
Central "a. Fort Wayne ?, Harlem az. and so on.
The public, who have tasted the profits Of stock
speculation, were evidently rushing is to buy with
their old bodaess. At the afternoon session Of
the board the features OF the market we're the
same. The brokers appeared to have two orders
to buy to one TO SELL and everything rose in con-
| sequence. New York Central advanced 2 per
cent. Erie 4, Erie preferred a, Pittsburg az,
Rock Island y, Galena =, Harlem !, &C., &c.
We have never seen the Indications Of buoyancy
more marked. though it is possible tha,
the movement may continue, a. heretofore, 10 be
irresIar. and more especially deysloped is one OF