The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-09-13


There Diminished surplus of oanable funds in tho
snuney Market owing 70 the limited drain westward,
spon the fact Of which some Of tho banks have called
IN their four per cent loans and replaced them Ave;
but first class stock houses can supply themselves
abur dainty ut four per cent, and there Is little
probability Of the banks being enabled 70 continue lend
ing Ut ve, save In exceptional cases. unless the quick
snns Of speculation ON the stock Exchange should
sssult 10 largely augmented demand. But in any
event tho money market nj this centre cannot but
ssmain easy during tho rest OF the year. There Ia
noderate amount Of commercial paper offering for
account, and the best grade in request at u per
ssnt ana the second grade 1t o a The Western
cities are we'll supplied with currency, and the
money cent TO che interior e The commence.
ment OF tho haress is slowly returning tnrots6 the
ordinary channels Of trade. There is, however,
sion Of the demand yet bu the recepts Of currency
from the East have placed banks in easy position
~ Chicago che bank rate remains n per cent and
exchange on che Eass b n LILO discount buying and
- selling. Al Cincinnati the rates 10 pcr cent
Cor unexceptonabis Oxmsa 4nd ~ per cent for good
mercantile paper
The gold market has been on the whole Srm The
opening price was l&sk, followed by a decline
% lS5h, and . subsequent advance 70 146n,
ths closing quotation being LAG e. The
supply Of coin for delivery was easy, and
favor OF tho lender and without, interest The steamer
China at Boston brought 6lssooo in specie, and the
Perere al New York 600 IN francs The total ship.
neRs OF specie from Europe 70 this country Of which
are as yet aware. are q little over FIVE mil
Mons Of dollars, a trisus amount compared with
exports Of than nfty millions since the early
part OF May last Some there who unthinkngly be
stsye that these imporaons viii exert potent influence
~ enabling this country 70 resume specie payments
vhey too obuss 10 perceive why osry return 10
chs specie standard ana specie prcoa should not be pos
abie Immediately, aud without the slightest inconvs-
nsence. Because they that i've millions % u
gold coming hero from the Old World they think The
ssk sasy and ths. everything operating In favor Of
assumption al Thsy might we'll argue that >
Arop Fl water would OIL bucket Everything u opera
s,ng In favor Of resumption. but II succeed In
summing within ton years We may he congratulated .
great achievement Meanwhile Mr. ksCuloch will DO
ue deaf ear TO talk Of the bullonists who
would, for the sksso hard money, drag the nation
through . slough Of despond.
The circulating notes issued 70 national hanks Up
she end Of last week amounted s2pi ITO o<5 leaving
ssas than 100000 more 70 complete the authorized
setai Of $500 0oo The circulation u the country
sssod follows the list Of Juns 1868 and the Is,
q the present month respectively exclusive Of fc
sionai currency the of rbieh outstanding
u s2c. asa os:--
Legal tenders. so5e, Ico,soo tS5s,iis5s2
Rational bank no,os. .sis7.17s,Ios gso,eis,s2o
Total 1885,. .s7se, o33, ga $4,000 $50
This shows that there . reduction In the amount
m legal tender between the dates mentioned Of
eiot 49, and increase 10 the national bank
during the same tims OF sis2, iSs,iIs The currency
b& therefore been Increased 70 the extent Of fs
since the beginning Of June last year. The amount
81 fractional currency In circulation June l. 1865,
was only f2s,o67.to3, that this item has increased
nearly 100000.
The foreign exchange market strong under hrisk
demand for bills and ndsposon on the part Of lead
ina drawers TO sell al tho low rates recently current
There Is reason 20 believe that portion Of the foreign
roIn received from England Al this port was designed
Tor the purchase OF bills drawn the latter country
aid that the application OF this intended uurross
has no. been without innuence Another portion Il Is
assumed (and the assumption 10 fair onc WIS sont on,
sor the purpose OF being inverted into American
coin 10 be loaned In Wall street from day 70 day
% the "shorts~ Tho coin exported 10 this country
\. therefore, for the mos, part probably the property
persons residing abroad who remit Il for special pur
roses and u affords no indication Of the real condition
OF our foreign trade and exchanges. Bankers bills OF
xnghnd SIXTY days TO lo7x, and short sish,
s0s IL The steamer Malta took out e3s,75s !
specie
Mining stocks wcrc nrm AZ the second board conso
dated Gregory Cold closed $50 lower than al the sam
fme yesterday. smith Parmles was <oc higher, Wa
AM Lad 200 A. the second board Consolidated Gregor
Gold closed 81 60 higher than at the frsi board sen
al III 90. Smith \ gsrmles &C.. selling ~ eie %