The New York herald., 1865-02-28

vague belief In the possibility OF Shermans marcn
being interrupted by rebel assault has operated against
decline but there is nothing in reality to put the
market up, the "bulls" in the gold have
had hard work TO advance the premium
AT the same time gold Is firmly held by both private and
speculative parties, and Notwithstanding the decided
successes we have achieved tendency of speculation
will be towards higher rates until the termination Of the
war appears more definitely in view. Opinions differ
more widely perhaps than ut any period since the COM
of the struggle TO the length of It's dura
tion although nearly all agreed that II must end in
y triumph Of the Union, and what chiefly operates
against q fall of the still very high premium on
gold the conviction that the war will last many
months longer during which the Of the govern
ment must go before, and that meanwhile the
national banks will add their volume to the already
largely inflated currency.
Money continues easy at six per cent and the state
ent Of the associated banks indicates the quiet which
prevails in monetary channels The decline in deposits
is chiefly owing the heavy subscriptions to tho
thirty loan last week. which aggregated throughout the
country twenty seven millions Commercial paper Of
the first grade passes at Ia per cent, with limited
supply.
Foreign exchange very dull Bankers sterling, at
sixty days. is quoted l07x 1885, and at three days,
10sx 109H.
The Ninth National Bank subscribed to-day $4,000 to
the seven thirty loan, and A. Lammasenna n Co
500 000 The total amount Of subscriptions since Feb
ruAry is sos leaving about $l2o 900 900 unsod
The business at the Sub Treasury to-day was as fol-
lows:-
Total receipts ..................$66 So 606, ,594
Payments. NEUTRALITY-SUSPICIOUS.. 6l54 SIG
Subscriptions TO government loan. $4,000
Balance. ..%o,Sotooo
The bids for the seven per cent county loans for
$4,000 OOO soldiers bounty fund bonds No. 3, will be
opened by the Comptroller morrow Tuesday at two p
NJ This loan authorized by ordinance Of the Board
Of Supervisors and by act Of the Legislature. The
principal win be redeemed in annual instalmcnts Of
$500, 600 each, commencing November l, 1895
The following figures compare the last weekly state
mont OF the New York associated banks with the returns
of the previous week. and with the corresponding week
In 1904
Fsb q, 1854 Feb IS, 1895. Feb. IS, 1896
Loans STA 92s 2O5 1856, ,365, ,l26 1888, 534, ,735
Specie ..... 223Ol,es7 2O,os2alo 2o,o92,s7s
Circulation :. sso7,Ss 2,ssSss2 ,.2ass sss 5
Deposits. lAs76,o5s l5S, lSooS4 los,s2S,4Si
The devations from the returns of the previous week
Decrease In loans -
Decrease in specie. 6e9,94l
Decrease In circulation. llo,ogS
Decrease IN deposits zSVz,i9o
Mr. McCulloch who will succeed Mr. Fessenden in the
oce OF Secretary OF the Treasury born 1t s stated
In Kennebunk Maine. Previous 10 being called to the
Comptrolership Of the National Currency Bureau, he
was President OF the State Bank OF Indiana which the
largest moned institution in the West, having capital
OF nearly three and half millions OF dollars and nine
branches located in different parts Of the state.
Mr. Freeman Clarke, who will probably succeed Mr.
McCuoch as Comptroller OF the Currency Is practical
Anancer He represents the Twenty eighth district Of
this state in tho present Congress- which Is
close Hs is and President OF the Monroe County
Bank at Rochester, which has capital Of 500 oOo and
q circulation Of $S5 500 AS there is wagng
between the old and the banking SYSTEM 1t will
probably be somewhat difficult for Mr. Clarke to make up
his mind which side to take as long his own bank
continues to operate under the State laws