The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1863-06-09
Increase.
Decrease.
Sol9,22A
''i''M 10000 ss,ss1 s,4ss, ss7

Decrease. 45o.so4 lbs,2sl a,les ,seT
The large withdrawal Of deposits reflects the alb
sorption Of money by the sub-Treasurer, who has
at present about twice az much money as usual in
his vaults. The increase Of loans seems singular
in view Of the decline Of speculation and the in
creased price Of money. A good deal Of money 10
being used in the completion Of old roads and the
commencement of new ones in the West. Tho
rapid and steady increase Of immigration encour-
ages every one who is interested in Western rail-
roads to extend theirl connections and increase
their equipment in view Of the prospects Of in
creased traffic.
Money has been fairly worth per cent to-day,
and quite active at the price, This activity IN the
money market Is mainly due to the accumulation
Of money in the Sub Treasury. It ia difficult to
comprehend the policy which dictates no large an
accumulation in the Sub.Tressury vaults at time
when the true interest of the government requires
that the money market be kept easy. II cannot
faia to check conversions Of currency. People who
have money to employ will find opportunities Of
using it to advantage on the stock market and win
neglect fve-twenty bonds altogether. Still the
policy is steadily adhered to. To-day the Sub.
Treasury balance increased $500 600, and money
VIII probably be still closer tomorrow.
Gold fell this morning to l421. rallied to 1887,
and closed at FIVE p. M. at about l421I. Exchange
was very weak this morning. The rate for bank
ers' bills was about l56 l57. Bills arc now
about a. low a. they have been since the great
rise in gold at New Year. There 10 no spirit what
ever IN the speculation for the rise.
There was quite heavy feeling in the stock
market this morning, and prices were uniformly
lower. In some quarters the decline was ascribed
to the tightness Of the money market; in others
to sympathy between gold and stocks; in others
to theories o&the fall of vicksburg Each Of these
causes had probably it's share in producing the
suit and the bearish disposition Of most Of the lead
ing board operators contributed not little in the
same direction. At the first board New York
Central fell l, Erie u (. Erie preferred ~. Hud-
son ] II, Toledo 2 Harlem ~, Reading 21t Michi-
gan Central ~, Southern old TX, guaranteed I,
Illinois Central 3, Chicago and Alton 2, Alton pre-
ferred ~, Cleveland and Pittsburg TX, Galena 2,
Rock Island "a, Fort Wayne TX, Northwestern ],
Mississippi and Missouri 2. Bonds were inactive ;
governments were steady. After the board the
market was heavy, and at the one p. VI. call there
was no disposition to buy except at a marked de-
cline from morning prices. In the afternoon the
features Of the market were unchanged, and lower
quotations were made. Erie declined q, Canton
8, Cumberland TX, New York Central "A, and 30
on throughout the list. Just at the close there
was slight rally, but at the four p. NJ. call the
market was again duh and heavy. The current Of
speculation seems to have set in for downward
turn, and, in the absence Of large operations for
the rise. it will probably run its course. The
following were the closing quotations Of the