The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-08-20

Legal tenders. ....... 76,047.4si 69473 1913 |
Clearngs .........,,..,, 4es,sos,oss Ha 2eSl7
Balances. ............... 1s.T43.65o l9,2J2aoi |
At the time last year the condition Of the banks
follows and the differences appended are those
between two returns respectively August Is,
1865 and August IT, 1867
Apsaa Is. 1866 .tHsus' II, 1851;
Loans ...sa sl, 95i 924 Dec. $s,719,5l3 |
Specie .......-...-.... 54S 5ls PEE losa'sso |
Circulalon y. avo sos lnc' osss'oss
Legal tenders. ......... 81 s00,SiT Dec. 1532I,O24
Now that the Western drain affords an outlet for ma
tona bank notes. al the city as we'll as the country
banks viii likely present their matured compound
interest redemption This will have the effect
of reducing their legal the amount OF the
national currency received 10 exchange; but this Is i'm
material under existing circumstances to the banks and
it will into circulation Of the balance which
has latterly been lying idle in the Sub-Treasury.
Loans are still freely stock houses al
cent while the principal dealers in government secur
ties amply supplied by private lenders at three The
discount line continues TO show activity aud the
best grade Of paper varously rated at from five to
per cent according to and the length OF
time il has to run The banks reluctant TO take
paper with moro than ninety days une1pIred The
rate for the best grade is six per cent although
ban<s unwilling TO do business below seven.
Bank officers anticipate six even seven per cent
money market before the end of the month, and
disposed 10 hold their funds in readiness accordingly
Their reserves are however, than twelve millions
in excess of the legal limit and their deposits are
withdrawn the OF their necessary reserve will
be reduced in proportion.
The gold market has experienced farther advance
After opening a. 14l it rose steadily 14l and the
closing transactions At l41 but after the board
adjourned 141 Il the best bid. There was moder
asly brisk borrowing demand for coin. which was met
at per cent per annum and 16i 1882 per cent per
Hapn favn of tha land he
amounted 10 $3l the gold balances to 1927 102
and the currency balances to sl,asss9e The demand
FOR duties IL still at the rate Of about bali
million day The receipts at the port last week aggre
gated 5000 000 and tbs Sub Treasury disbursements
OF coin interest during the same time amounted TO
$152 o0O The imports Of specie and bullion for the
week were $l29,o24 The general employ ment Of gold
certificates in paying customs duties is shown by the
receipt OF 2So4.4o6 Of last weeks receipts In this
FORM only STA 900 having been in gold. The total
amount OF gold Issued by the Sub Treasury
m to the nth inst. 1914, s67. Geo. Of which
sIs7 13l 600 had redeemed leaving $27, 1885, $50
outstanding. The upward tendency OF the premium Ii
attributable the reconstruction muddle the Cabinet
n,addle the Treasury Department over issue muddls
and tho prospect OF tho Western democrats organizing
party Of converting the funded debt into legal
tender notes. which last may be considered new way
or paying old debts The Treasury 10 understood to
out excrting any apparent Innusncs in checking the
tendency OF the market.
Tho general trade OF the city shows signs OF improve
mont, and the tone OF feeling among the mercantile
community cheerful In the dry goods market there
is increased activity and owing to the stocks Of foreign
and domestic goods being only moderately heavy prices
are we'll maintained The receipts Of cotton at all the
ports are considerably larger scale than they were
NJ the beginning Of the month"; the total for the week
ending 10th inst. having been 1880 bales making
an aggregate Of 1855, 61e bales September l,
against 2O20 773 bales during the same time in lso5s6
The exports the other hand, very light and
declining scale the the week having been only
1850 bales making SAL l55 bales since the LIST Of Sep
tsmber aunst l. o0o $50 bales for the corresponding
period In the previous year. The stocks II oil the
arc reduced TO 1880 bales, against al1,2S7
bales the same time in 1885, OF this aggregate
there was held at the dates Of the latest ad.
Woes a. New Orleans a. 44o bales; 81 Mobile, 57o9 at
Charleston e22 ct savannah 2,575; In Texas SGT at
New Ysrk (sssuated, $1,000; In Florida, las and at
ether ports tsstmsto ooo The reports relative to
the growing crop contradictory, but IL is certain that
the cotton worm has done considerable damage in va
rious sections and especially Louisiana The heavy
rains too submerged portions Of the lowands and the
grass has proved troublesome TO the planters but ia
vorabe change the weather has greatly improved the
crops prospects, and moro encouraging accounts are
new coming forward. The stock of cotton Liverpool
on the I'd inst aggregated 675s0o bales and that at
London So $50 bales while there so 900 bales OF
American and TIA 10 OF Indian ahoat making total
OF against $50 at the time last year
Al the early session Of the open board railway shares
were steady at the closing prices OF saturday AZ the
nrst regular board the market slightly lower but il
well supported by the bull cliquss Hudson River
exceptionally strong and the whole Of IL hed
by few they do what they please with IT,
grdioss az it's now selling at about double s value
New York Central closed lower thsn at the same time
yesterday, Erie y, Michigan southern 4, Rock Island
u, Northwestern "a, do. preferred r. Hudson River
was a higher Government securities we're dull Cou-
pon skies Of 1881 y lower, hve-twentes Of 1854
"a, thirty notes Of the second series A. Five
twenties Of 1852 were y higher State stocks we're
rather heavy and Tennessee skies, new, declined n
The old express shares were good demand and very
limited supply. Adams y higher, selling at IS;
American sold at 70; United States '41s welsFargo
sS5k Merchants Union, with 30 per cent paid, declined
y, selling a, ~, and with Is per cent Paid at 12s
At the open board At O'Clock prices we're slightly
higher portion OF the list Erie selling at 7oN u.
Rock Island ct 1903 y and New York Central At 1851
Ak Al ha-ascond regular board The market vas dull
and steady. New York Central closed p higher than at
the nrsi regular board, Ere y, Michigan southern y,
Cleveland and Toledo Fort Wayne u. Illinois Gen.
trial was x lower, Northwestern preferred " Canton y,
Western Union Telegraph x.
Government goif-berinr securities steady.
Coupon nvs.tventies Of 1852 were y higher. Seven.
thirty notes were heavy The second series declined
and the third y. Among the express shares American
sold al 70.
In the suit Of Waterbury Va Rose in the Supreme
Court OF this dsiric<, motion 10 vssie an order or
reference to take the testimony Of certain officers Of the
Merchants Union Express Company has been denied
The injunction in the suit Of Bsardsey merchants
Union) vs. Waterbury has been vacated and the motion
TO attach Mr. Waterbury and his counsel has been
denied the motion to The order or refer
snos 10 the suit Of Waterbury against Ross
AZ tho baIt-past three open beard the market wss